31 Mar 2021

bitFORTUNE DEFI Derivative Definition

The bitFORTUNE DEFI Derivative is defined to

31 Mar 2021

The bitFORTUNE DEFI Derivative is defined to provide an option on the bitFORTUNE Platform to earn passive income using centralized and decentralized finance entities. This derivative is classified as high risk due to higher risk positions being targeted for higher returns.

The bitFORTUNE DEFI derivative composition includes assets targeted to bear interest for the derivative.

There is a front end and back end fee for the bitFORTUNE DEFI Derivative. The front end fee is a flat 1%. The back end fee is variable depending on the performance of the derivative. The minimum back end fee is 1%. If the derivative performs greater than 1% in 30 days the back end fee increases by 25% of percent gains over 1%. For example if the derivative performed 5% for the past 30 days the back end fee would be 2%. 50% of the front and back end fee goes toward bitFORTUNE token – the main asset of the bitFORTUNE Platform. The other 50% of the fee is the administrative transaction processing and maintenance fee.

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