The Global OTC Derivatives Market On Blockchain
ERC20 Token
Fortuna (FOTA) 
FORTUNA is a global OTC derivatives market disciplined by algorithms while supporting transparent, real time, and full dose trading data supervision. The new features of structured smart contract, digitalized trading fund supervision, arbitration driven by consensus algorithm and other core features of FORTUNA could bring a new supervision mode of Global OTC Derivatives Market.
Fortuna is owned by every node of the chain. Moreover, Fortuna will not charge any nodes any kinds of fee and all the potential fees will be charged by nodes offering different kinds of services. Fortuna introduces a utility-based crypto token, FOTA, which will be used as the exchange media for the derivatives trading. FOTA, as the only medium of exchange accepted by FORTUNA, can embrace the global liquidity regardless of the physical and multi-currency barriers.
The whole ecosystem of Fortuna is built on the Fortuna blockchain and three core components including structured smart contracts, decentralized quote scheme, role definition and interaction design.
“FORTUNA will enable every user to create any type of derivative by choosing different asset-class, designing different deal structure and setting different restrictive clauses. FORTUNA will be an incubator for innovative derivative contracts which can offer the world new kinds of tools for hedging and risk management.”
Buy & SellPositives
- With The Use Of FOTA, Physical & Multi-currency Barriers Are Removed Allowing Countries With Strict Control Policies Regarding International Markets To Participate In The Trading Platform.
- Strong Team With A Great Range Of Experience. Team Members Have Experience Working With Microsoft Research, Huawei, Nokia, Alibaba Cloud, Alipay and Taobao. Plenty Of Computer Science And Mathematic Experts
- Strategic Partners Include Loopring, NEO, Qtum To Name A Few.
- Whitepaper Clearly Explains The Vision For The Project. A History Of The Global Derivatives Market Is Reviewed Highlighting The Current Issues The Market Has.
- Extremely Large Industry With Billions Flowing In And Out Every Day. Fortuna Is In A Great Position To Not Only Capture A Share Of This Market But Fix Several Issues It Has Right Now.
Exchanges
Concerns
- Fortuna’s website doesn’t have a lot of information on what the global OTC derivatives market actually is. The whitepaper does explain this but for investors who are unfamiliar with the industry, the “features” and “advantages displayed on the site could be hard to understand or value.
- Fortuna has the advantage of being the first mover in this space. Like any industry, there will be competitors. Who is going to enter the same market and how are they going to fair against Fortuna. It’s not a concern on Fortuna’s part but it’d be a good idea to keep an eye out for competitors in the future.
- Website features a Github link that doesn’t go anywhere. We can’t seem to find a Github repository for this project right now (April 2018). We’ve had reports that this is so that competitors cannot steal code and this would make sense as Fortuna is a first mover in the space.
Official Links
Token Details
Token Type
ERC20
Powered by the Ethereum Network. Can be stored on any ERC20 compatible wallet e.g MyEtherWallet
Token Statistics
Supply
• Ticker: FOTA
• Total Supply: 1,000,000,000
• Circulating Supply: 400,069,727
• Token Use: Services & Fees
Founders
The Team
• Brian Cai (Founder CEO)
• Jason Tao (CTO)
• Tony Zhang (Technical Director)
• More
Industry
& Competitors
• Derivatives Market
• Fintech Apps
• Competitors – None At This Time
