Review on Fortuna by David Olayide
Fortuna Project
The advent of the first bitcoin blockchain had given way to the rise of other numerous projects over the years. These projects have at all time made use of different technologies to attempt to deliver a more efficient system or to preexisting of emerging defects or problems as perceived by the entire cryptocurrency community. Fortuna is one of those cryptocurrency projects that makes use of what I can call complex technology, from my experience.
I say complex because to the ordinary user or spectator like me, it is hard to understand some of the processes involved in the establishment of such a cryptocurrency. Most times I find that I can only understand the aims and objectives of the project. One of the easiest way for me to explain what Fortuna is in this review would be to say that, Fortuna is a global OTC derivatives market run and powered by algorithms while supporting transparent, real time 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.
FOTA, the native token of the project, is a cryptocurrency that operates on the Ethereum platform. This means that the token is compatible with ETH based cryptocurrency mobile wallets. Exchanges for trading in the token include HitBTC, TOPBTC, KuCoin and CoinEgg, to name just a few. I couldn't find any information on the amount of circulating coins and even the maximum supply is unknown to me.
Pros
- The project makes use of smart technology to provide Solutions
- FOTA can be traded on multiple popular exchanges
- Use of algorithm to monitor real time data
Cons
- Very complex explanation of project structure
