27 Feb 2021

bitFORTUNE ETH Derivative Definition

The bitFORTUNE ETH Derivative is defined to

27 Feb 2021

The bitFORTUNE ETH Derivative is defined to provide an option on the bitFORTUNE Platform to store value pegged to Ethereum using Ethereum and other assets pegged to Ethereum. This derivative is classified as medium risk due to the high volatility of Ethereum. The bitFORTUNE ETH Derivative is poised with the intention of longer term speculation on Ethereum whilst earning passive income in the form of accumulation of Ethereum.

bitFORTUNE ETH could potentially be higher or lower than ETH. This is due to automated trading, interest bearing assets and dollar cost averaging strategies applied with the derivative’s composition. The bitFORTUNE ETH derivative composition includes market pegged assets, the bitFORTUNE ETH Trader and interest bearing assets. The intention is to outperform the value of ETH with dollar cost averaging, by trading ETH to and from selected assets and by earning passive interest with decentralized finance and centralized finance entities.

There is a front end and back end fee for the bitFORTUNE ETH 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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