07 Jul 2020

Ask, Spot & Bid Prices

The ask, spot and bid prices are

07 Jul 2020

The ask, spot and bid prices are selectable via radio buttons in the footer of the bitFORTUNE Asset Statistics Table. Once a radio button is selected the USD/FORTUNE and BTC/FORTUNE 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 Asset Statistics Table.

The ask price is the price maintained by the administrative account on the bitFORTUNE exchange that represents the lowest price the administrative account is willing to sell bitFORTUNE tokens for as described in the DISTRIBUTION section of the bitFORTUNE White Paper. The ask price is calculated from the net asset value as described in the VALUE section of the bitFORTUNE White Paper.

The spot price is the price of bitFORTUNE tokens calculated as described in the VALUE section of the bitFORTUNE White Paper.

The bid price is the price maintained by the administrative account on the bitFORTUNE exchange that represents the highest price the administrative account is willing to buy bitFORTUNE tokens for as described in the PROFIT section of the bitFORTUNE White Paper. The bid price is calculated from the net asset value as described in the VALUE section of the bitFORTUNE White Paper.

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