Review on Fortuna by Toprak Dere
About Fortuna
Fortuna is a China-based company and they are launching themselves as the first blockchain platform for the over-the-counter derivatives markets.
Their aim is to find solutions to various problems in derivatives markets such as lack of trust, operational inefficiencies and illiquidity by using blockchain technology's products such as structured smart contracts and DPOSA.
FOTA is an Etherium-based ERC-20 token for now, but in the third quarter of the current year, they will exit the Etherium infrastructure by migrating to their mainnet. It works with the DPOSA system and those who hold a certain amount of FOTA are rewarded over time. Unlike DPOS, they made the rewarding system unique with an extra algorithm.
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The main usage area of the token is positioned to activate the structured smart contracts in transactions to be performed on the platform.
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Looking at the team and the road map, I got hit. The market share of the project is very small and it is still trading below the ICO price. In line with this information, I decided to invest but not keep it for a long time. I think the price is very affordable, it can provide good returns in the coming weeks.
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Pros
- the team is professional and the CVs of the people in the team are very solid
- Their products are on the market and many improvements are underway.
Cons
- The top 100 accounts with token holders hold 85.73% of total tokens. This is not fair
- whitepaper should be more clear and transparent
