31 Mar 2021

Ask, Spot & Bid Prices

The ask, spot and bid prices are

31 Mar 2021

The ask, spot and bid prices are selectable via radio buttons in the footer of the bitFORTUNE DEFI Asset Statistics Table. Once a radio button is selected the USD/BFDEFI and BTC/BFDEFI prices will be updated to the selected price in the next real time update. The real time update may be acknowledged by noticing the price time stamp update in the footer of the bitFORTUNE DEFI Asset Statistics Table.

The ask price is the price maintained by the administrative account that represents the lowest price the administrative account is willing to sell bitFORTUNE DEFI tokens for as described by the definition of the derivative. The ask price is calculated from the net asset value as described by the definition of the derivative.

The spot price is the price of bitFORTUNE DEFI tokens calculated by taking the sum of the value of the composition of the derivative divided by the circulating supply.

The bid price is the price maintained by the administrative account that represents the highest price the administrative account is willing to buy bitFORTUNE DEFI tokens as described by the definition of the derivative. The bid price is calculated from the net asset value as described by the definition of the derivative.

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