thank for your answer so much :>friend:). But i mean is :
1. Korean hold so much crypto, and their community really good.I hope Fortuna attention this.
2. I don't see any information about they were do in korea or any other country. if you have it, send me pls?
3. Did you see this option. It really bad.it looks like a game, a joke. And let's think.who will trade,hold their money in a platform have a cheat game like that.
https://fota.com/option/index.html#/
Topic: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! (Read 16539 times)
June 24, 2019, 11:38:47 PM
June 24, 2019, 11:00:20 PM
- Do you have any plans to develop in the Korean market? It's a big market, but there's also a lot of legal trouble.
- Do you have any plan about your price coin? It is come down, and
adversely affect small investor psychology. Your future customers.
- Do you want to develop market exchange or it? I think this option is a bad idea?
https://fota.com/option/index.html#/
- Do you have any plan about your price coin? It is come down, and
adversely affect small investor psychology. Your future customers.
- Do you want to develop market exchange or it? I think this option is a bad idea?
https://fota.com/option/index.html#/
Is there enough number of traders in their exchange? Seems that they are catering the Korean market already. I have just encountered this project, seems the team behind this platform has wide expertise in financial world, yet they haven't managed to get a lot of customers at the moment?
June 24, 2019, 10:22:19 PM
- Do you have any plans to develop in the Korean market? It's a big market, but there's also a lot of legal trouble.
- Do you have any plan about your price coin? It is come down, and
adversely affect small investor psychology. Your future customers.
- Do you want to develop market exchange or it? I think this option is a bad idea?
https://fota.com/option/index.html#/
- Do you have any plan about your price coin? It is come down, and
adversely affect small investor psychology. Your future customers.
- Do you want to develop market exchange or it? I think this option is a bad idea?
https://fota.com/option/index.html#/
May 27, 2019, 07:33:03 AM
Hey, Fortuna(FOTA) is listed on Coinswitch.co, a leading exchange aggregator that supports many exchanges. One can buy FOTA at the best rate anonymously at Coinswitch. As FOTA is a ERC20 token, one can buy FOTA through Metamask browser extension. Metamask has integrated Coinswitch exchange where users can directly exchange FOTA to any other crypto Via Coinswitch without login.
March 22, 2019, 01:11:23 PM
The Github link on the website is not active. Do you have any further plans to open your source code?
March 17, 2019, 01:58:32 PM
Fota will be rebranded end of month
https://medium.com/@Fota/rebrand-fortunas-future-b95373c3fb00
And 15 partnership will be announced
https://medium.com/@Fota/rebrand-fortunas-future-b95373c3fb00
And 15 partnership will be announced
October 21, 2018, 02:54:30 PM
The Release of Public Beta Version 0.8.0
The latest version includes 30 feature updates and performance optimizations.
- Spot index change, prompt page open
- Account equity section refreshes in real time
- Coin withdrawal/deposit module optimization
- Trading page input box order adjustment
- FOTA Dividend Page Optimization
- Fee statistics cycle bug repaired
- Contract account data push repaired
- Marquee jump function repaired
- 16 other updates and 14 other bugs
https://medium.com/@Fota/the-release-of-public-beta-version-0-8-0-24a6a73ce54e
The latest version includes 30 feature updates and performance optimizations.
- Spot index change, prompt page open
- Account equity section refreshes in real time
- Coin withdrawal/deposit module optimization
- Trading page input box order adjustment
- FOTA Dividend Page Optimization
- Fee statistics cycle bug repaired
- Contract account data push repaired
- Marquee jump function repaired
- 16 other updates and 14 other bugs
https://medium.com/@Fota/the-release-of-public-beta-version-0-8-0-24a6a73ce54e
October 10, 2018, 03:19:56 PM
Hi all, are you interested in receiving tokens that already have real cost?
Okay, I could recommend you something, I just have received 20 free BMX for registering on BitMart and moreover 50% commission by inviting friends. Go to website bitmart.com, tokens can already be cashed so you might actually make some real money October 10, 2018, 03:12:38 PM
Hi all, are you interested in receiving tokens that already have real cost?
Okay, I could recommend you something, I just have received 20 free BMX for registering on BitMart and moreover 50% commission by inviting friends. Go to website bitmart.com, tokens can already be cashed so you might actually make some real money October 10, 2018, 03:06:34 PM
Hi all, are you interested in receiving tokens that already have real cost?
July 27, 2018, 05:32:53 AM
The First Collision of Ideas Between Yale and Zhejiang University Alumni as Blockchain Has Entered the “Ivory Tower”
On July 24th, Sino-US Blockchain Technology and Application Seminar, which was co-hosted by Fortuna Blockchain Research Center @Zhejiang University and Fintech Association of Zhejiang, has been brought to a successful close here in Hangzhou.
It’s a great honor for Fortuna Blockchain Research Center @Zhejiang University to have Professor Zhong Shao, Department Chair of the Computer Science Department at Yale University and Co-founder of Certik, Professor Wenzhi Chen, Director of IT Center for Zhejiang University, Brian Cai, Founder of Fortuna, Shengqing Zhu, Founder of DCC. Xiaoxiao Song, Co-founder of DATA, all delivered their keynote speeches. Jianliang Shao, general manager of Blockchain business division at Canaan, Xizhi Pan, COO of JD Cloud Blockchain Lab, Kim Seongkee, Co-founder of MoFAS attended the roundtable forum after the keynote speeches. This seminar marks the debut of CertiK here in China and the first collision of ideas between Yale and Zhejiang University Alumni in the blockchain field. Also, it is the first meetup that gathered CertiK, Fortuna, DATA and DCC, the four Blockchain projects established by Yale Alumni. During the seminar, all the attendees had heated discussion in terms of blockchain security, financial application of Blockchain, the meaning of blockchain to data, etc.
CertiK is a blockchain project famous for formal verification of smart contract. Professor Zhong Shao attended this meetup as the Co-founder of CertiK, and he delivered a keynote speech which was named “Building Fully Trustworthy Smart Contract and Blockchain Ecosystem”. He indicated that we could conduct formal verification by splitting big program or system into small modules. CertiK can verify whether the smart contract is complete and secure effectively. Meanwhile, he also thinks that the blockchain technology is still in its early development stage. As the gradual improvement of expandability and trading performance, the complexity of the system will be much higher. Therefore, the needs for safety hazard prevention and formal verification of smart contract will be much more substantial. Formal verification, as a mature technology in the safety field, has been successfully applied to many areas. If we make use of it in the blockchain world, then the security, consistency, intelligibility, programmability of a smart contract will be way higher. So that’s why CertiK has spent tons of time and energy into doing this thing.
In the past two years, China’s blockchain technology has been rising and was even leading in the international arena. Under this circumstance, high-level universities driven blockchain technology and projects can’t be neglected, especially blockchain projects created by Zhejiang University alumni. Professor Wenzhi Chen, one of the leading figures in the blockchain technology research of Zhejiang University, also given an excellent sharing at the venue. He detailedly explained the advantages of applying DAG technology in the blockchain field for all the attendees. Also, he denoted that we’ll enhance privacy protection of blockchain through the way of adopting ring signature, zero-knowledge proof, etc.
Fortuna is the first Blockchain project created by Yale alumni. Brian Cai, its founder, delivered a keynote speech which was named “Derivatives Will Be the First Application of Blockchain Finance.” He denoted that the essence of finance rests with the value exchange in specific time and space. While the development of finance is moving forward all along under two main thread of enlarging the scope of value exchange and reducing the trading costs. So here, the blockchain, as the only technology that was endowed with a full set of financial system, has undoubtedly contributed a lot to those two aspects. For example, a blockchain-based token is currently the most effective means of asset securitization around the world. While for the reason why derivatives are most likely to be the first application of blockchain finance, they are as follows: Firstly, the pointcut of financial derivatives is well-focused. Secondly, it will never be restricted by existing ecological bottleneck problems, such as putting data and asset on the chain. Fortuna, as the forerunner and pioneer in this field, is now poaching world-level talents from Wall Street, Chicago, etc. We aimed to revolutionize the financial derivatives world with the blockchain technology.
Distributed Credit Chain (Known as DCC for short), is world’s first distributed public chain for banking. DCC is dedicated to building a distributed ecosystem for global financial service institutions. Also, it aims to realize benefit-for-all finance through a distributed-bank financial system globally. During the seminar, Shengqing Zhu, Founder of DCC, delivered a keynote speech which was named “ Solution for Financial Systematic Risks: Distributed Credit.” He noted that you would never know how valuable your credit data is going to be. Here, DCC can help you maximize the value of your credit data.
DATA, which aims to solve the trust issues among users in the digital ecosystem with the use of blockchain technology, is another excellent project created by Yale alumni. Xiaoxiao Song, its co-founder, delivered a keynote speech which was named “Blockchain — the New Backbone of Digital Ecosystem.” He indicated that the current digital ecosystem is entirely a mess while DATA will dive more in-depth in this field with decentralized layer data protocol driven by AI technology and P2P mobile storage architecture.
After the sharing part, with Brian Cai as the host, Professor Zhong Shao, Department Chair of the Computer Science Department at Yale University and Co-founder of Certik, Professor Wenzhi Chen, Director of IT Center for Zhejiang University, Brian Cai, Founder of Fortuna, Shengqing Zhu, Founder of DCC. Xiaoxiao Song, Co-founder of DATA, all delivered their keynote speeches. Jianliang Shao, general manager of Blockchain business division at Canaan, Xizhi Pan, COO of JD Cloud Blockchain Lab, Kim Seongkee, Co-founder of MoFAS attended the roundtable forum. They had an in-depth discussion regarding blockchain knowledge, security, performance, differences between China and U.S, differentiated investment philosophy in the internet era, etc.
Fortuna’s meetup is a meetup series hosted by Fortuna Blockchain Research Center @Zhejiang University on a regular basis. We invited famous scholars from both home and abroad this time. The seminar enabled us to realize the fact that it’s reasonably possible to bring blockchain related technical discoveries in the colleges into practice.
Follow us: Telegram, Twitter, Reddit, LinkedIn, Wiki
Website: www.fota.io
Email: [email protected]
On July 24th, Sino-US Blockchain Technology and Application Seminar, which was co-hosted by Fortuna Blockchain Research Center @Zhejiang University and Fintech Association of Zhejiang, has been brought to a successful close here in Hangzhou.
It’s a great honor for Fortuna Blockchain Research Center @Zhejiang University to have Professor Zhong Shao, Department Chair of the Computer Science Department at Yale University and Co-founder of Certik, Professor Wenzhi Chen, Director of IT Center for Zhejiang University, Brian Cai, Founder of Fortuna, Shengqing Zhu, Founder of DCC. Xiaoxiao Song, Co-founder of DATA, all delivered their keynote speeches. Jianliang Shao, general manager of Blockchain business division at Canaan, Xizhi Pan, COO of JD Cloud Blockchain Lab, Kim Seongkee, Co-founder of MoFAS attended the roundtable forum after the keynote speeches. This seminar marks the debut of CertiK here in China and the first collision of ideas between Yale and Zhejiang University Alumni in the blockchain field. Also, it is the first meetup that gathered CertiK, Fortuna, DATA and DCC, the four Blockchain projects established by Yale Alumni. During the seminar, all the attendees had heated discussion in terms of blockchain security, financial application of Blockchain, the meaning of blockchain to data, etc.
CertiK is a blockchain project famous for formal verification of smart contract. Professor Zhong Shao attended this meetup as the Co-founder of CertiK, and he delivered a keynote speech which was named “Building Fully Trustworthy Smart Contract and Blockchain Ecosystem”. He indicated that we could conduct formal verification by splitting big program or system into small modules. CertiK can verify whether the smart contract is complete and secure effectively. Meanwhile, he also thinks that the blockchain technology is still in its early development stage. As the gradual improvement of expandability and trading performance, the complexity of the system will be much higher. Therefore, the needs for safety hazard prevention and formal verification of smart contract will be much more substantial. Formal verification, as a mature technology in the safety field, has been successfully applied to many areas. If we make use of it in the blockchain world, then the security, consistency, intelligibility, programmability of a smart contract will be way higher. So that’s why CertiK has spent tons of time and energy into doing this thing.
In the past two years, China’s blockchain technology has been rising and was even leading in the international arena. Under this circumstance, high-level universities driven blockchain technology and projects can’t be neglected, especially blockchain projects created by Zhejiang University alumni. Professor Wenzhi Chen, one of the leading figures in the blockchain technology research of Zhejiang University, also given an excellent sharing at the venue. He detailedly explained the advantages of applying DAG technology in the blockchain field for all the attendees. Also, he denoted that we’ll enhance privacy protection of blockchain through the way of adopting ring signature, zero-knowledge proof, etc.
Fortuna is the first Blockchain project created by Yale alumni. Brian Cai, its founder, delivered a keynote speech which was named “Derivatives Will Be the First Application of Blockchain Finance.” He denoted that the essence of finance rests with the value exchange in specific time and space. While the development of finance is moving forward all along under two main thread of enlarging the scope of value exchange and reducing the trading costs. So here, the blockchain, as the only technology that was endowed with a full set of financial system, has undoubtedly contributed a lot to those two aspects. For example, a blockchain-based token is currently the most effective means of asset securitization around the world. While for the reason why derivatives are most likely to be the first application of blockchain finance, they are as follows: Firstly, the pointcut of financial derivatives is well-focused. Secondly, it will never be restricted by existing ecological bottleneck problems, such as putting data and asset on the chain. Fortuna, as the forerunner and pioneer in this field, is now poaching world-level talents from Wall Street, Chicago, etc. We aimed to revolutionize the financial derivatives world with the blockchain technology.
Distributed Credit Chain (Known as DCC for short), is world’s first distributed public chain for banking. DCC is dedicated to building a distributed ecosystem for global financial service institutions. Also, it aims to realize benefit-for-all finance through a distributed-bank financial system globally. During the seminar, Shengqing Zhu, Founder of DCC, delivered a keynote speech which was named “ Solution for Financial Systematic Risks: Distributed Credit.” He noted that you would never know how valuable your credit data is going to be. Here, DCC can help you maximize the value of your credit data.
DATA, which aims to solve the trust issues among users in the digital ecosystem with the use of blockchain technology, is another excellent project created by Yale alumni. Xiaoxiao Song, its co-founder, delivered a keynote speech which was named “Blockchain — the New Backbone of Digital Ecosystem.” He indicated that the current digital ecosystem is entirely a mess while DATA will dive more in-depth in this field with decentralized layer data protocol driven by AI technology and P2P mobile storage architecture.
After the sharing part, with Brian Cai as the host, Professor Zhong Shao, Department Chair of the Computer Science Department at Yale University and Co-founder of Certik, Professor Wenzhi Chen, Director of IT Center for Zhejiang University, Brian Cai, Founder of Fortuna, Shengqing Zhu, Founder of DCC. Xiaoxiao Song, Co-founder of DATA, all delivered their keynote speeches. Jianliang Shao, general manager of Blockchain business division at Canaan, Xizhi Pan, COO of JD Cloud Blockchain Lab, Kim Seongkee, Co-founder of MoFAS attended the roundtable forum. They had an in-depth discussion regarding blockchain knowledge, security, performance, differences between China and U.S, differentiated investment philosophy in the internet era, etc.
Fortuna’s meetup is a meetup series hosted by Fortuna Blockchain Research Center @Zhejiang University on a regular basis. We invited famous scholars from both home and abroad this time. The seminar enabled us to realize the fact that it’s reasonably possible to bring blockchain related technical discoveries in the colleges into practice.
Follow us: Telegram, Twitter, Reddit, LinkedIn, Wiki
Website: www.fota.io
Email: [email protected]
July 27, 2018, 05:24:24 AM
Sino-US Blockchain Technology and Application Seminar has successfully ended
On July 24th, Sino-US Blockchain Technology and Application Seminar, which was co-hosted by Fortuna Blockchain Research Center @Zhejiang University and Fintech Association of Zhejiang, has been brought to a successful close. Professor Zhong Shao, Department Chair of the Computer Science Department at Yale University, Professor Wenzhi Chen, Director of IT Center for Zhejiang University, Brian Cai, Founder and CEO of Fortuna, et al., all delivered their keynote speeches this afternoon. During the seminar, people from Yale and Zhejiang University had in-depth discussion regarding cutting-edge Blockchain technology and Blockchain-related topics with attendees from China, America and Korea. This seminar marks the debut of CertiK here in China. Also, it is the first meetup that gathered all the four Blockchain projects established by Yale Alumni, namely CertiK, Fortuna, DATA and DCC.
On July 24th, Sino-US Blockchain Technology and Application Seminar, which was co-hosted by Fortuna Blockchain Research Center @Zhejiang University and Fintech Association of Zhejiang, has been brought to a successful close. Professor Zhong Shao, Department Chair of the Computer Science Department at Yale University, Professor Wenzhi Chen, Director of IT Center for Zhejiang University, Brian Cai, Founder and CEO of Fortuna, et al., all delivered their keynote speeches this afternoon. During the seminar, people from Yale and Zhejiang University had in-depth discussion regarding cutting-edge Blockchain technology and Blockchain-related topics with attendees from China, America and Korea. This seminar marks the debut of CertiK here in China. Also, it is the first meetup that gathered all the four Blockchain projects established by Yale Alumni, namely CertiK, Fortuna, DATA and DCC.
July 18, 2018, 03:16:53 AM
The big project is a good project in my opinion, especially when it has a talented founder like Brian Cai. 
Although knowing Fortuna was a bit late, that did not stop me from starting to buy some FOTA to reserve.
Wish Brian Cai and the project team work well!
Although knowing Fortuna was a bit late, that did not stop me from starting to buy some FOTA to reserve.
Wish Brian Cai and the project team work well!
July 18, 2018, 03:16:10 AM
Summary of our previous event “Close Talk with Z.T.”
This write-up will provide a summary of our previous event “Close Talk with Z.T.” Comments or questions are welcome at telegram.
1. What’s the relation between Fortuna and Fota?
Fota is a mostly centralized platform and Fortuna is Fota’s next decentralized iteration. In laymen’s terms, we will slowly move modules of Fota to our main net and make other necessary additions/optimization eventually we will have Fortuna.
2. Will there be any incentives on the centralized platform for the Fota token?
Yes, there are two main reasons. On the one hand, we have analyzed the situation from both a technical and a financial perspective, and have decided that going straight to a DAPP would not be smooth and intuitive. Just look at BTS and some other decentralized exchanges. They face many problems. And our solution is more complicated that those exchanges since a derivative platform is multitudes more complicated than an coin exchange (exchange for the underlying). For example, a mature margin system takes CME 200 people 5 years to complete. On the other hand, a better approach is to start from a centralized platform and slowly move modules of it on the chain. For example, given the current technological capability of DLT matching algorithm of traditional exchanges are much more efficient and suitable than doing so on chain. However, we could slowly move ledgering and data storage on chain and thus makes transaction history enjoy the benefits of the blockchain tech which I believe I don’t have to elaborate since you all probably know (traceability, immutability etc.) but eventually everything will be decentralized and by that time the DLT tech would be much more mature given the speed at which it evolves.
3. The circulating volume is around 4.15 billion right now. Why does it keep increasing lately, Z.T.?
If you look at the top 2 addresses, especially the top 1 address of Fota. Most of the out transactions are small, usually around a few scores of hundreds. These are mostly used to give incentives and rewards to the community in addition to that one of our early seed investors got a portion of his shares of Fota lately and those are the main reasons we see the supply increase. The team have yet used the foundation for any other reasons.
4. What is the current plan for attracting institutional traders once the platform is live?
Even though our focus is now on retail investors at the current stage, we are indeed also talking to some institutional investors such as market-makers in the Chinese OTC equity option market and the exchanges and capitals in Singapore.
5. Do you see yourself partnering with one of these institutions?
Yes, for sure. We are building relationships with those institutions but the actual collaboration would have to wait for Fortuna.
6. Do you think Fota will be a product with an excellent user experience?
I think Fota will be a great product. We put a lot of thoughts on it. When I designed it, the goal is to make it professional but easy to use. Mostly importantly, the system of Fota, unlike those of some other derivative exchanges, are not a make-shift idea. For example Fota’s margin system is mathematically complete, a feature I don’t see on any other crypto futures/derivatives exchanges. It has to do with measure theory so I am not going into details on that this time. but maybe sometime we can discuss this with math savants.
7. I know you mentioned that we would partner with Certik. When will that happen?
In fact, we already have a partnership with Certik. We even started a organization called Yale Consensus. We are working with Certik to provide an API for users of Fortuna to use Certik’s formal verification services.
8. Hey, Z.T, I was wondering what are the bottlenecks that Fortuna is facing right now?
I don’t think there is any bottleneck but there are indeed lot of details to work out. This is why we are choosing the route of doing Fota first and then transition to Fortuna. A lot of the modules of Fota can be reused in Fortuna and we expect to learn a lot from our experience making Fota.
9. How can we access to your tech team directly? Will there be a help desk or something like that?
Unfortunately the only way to access technical support for BlackFriday is to talk to admins here first. This is due to the fact that BF is just a usable prototype. We intended it as a demo however we made it usable anyways. If you have any trouble with it, feel free to contact admins here. For Fota however, we will have a full support team and customer representatives.
10. ZT, the other day you mentioned you were meeting JD on a business trip. Can you share any details on this and does it pertain to Fortuna?
Yes, I met the head JD.com’s blockchain lab on my trip to Beijing. Their focus is on data. In other words, they would be a data provider like Bloomberg for cryptos. We are still discuss how we could work with them tho but currently we have no solid plan for that yet.
11. Can anyone create a derivatives product on the Fortuna platform? What’s the process for adding investment products to the platform?
You would use the contract templates provided by other nodes of Fortuna in order to do so. Furthermore, if no current templates are suitable for your specific derivative, you can create your own template. This requires some coding and professional knowledge but will also earns you Fota as incentives.
12. Any advises on personal investment in the blockchain field?
This is a difficult question haha. I wish I could answer that here but that would be irresponsible. This deserves a whole session, haha.
13. Does Fortuna use Fota to pay its payroll?
Great question. Actually that is the second reason I haven’t had the chance to mention yet. and yes it does. The second reason for use to make Fota first is to generate steady cashflow since we do not fleece retail investors.
14. What are the major markets of Fortuna?
The derivative market is huge. This question also depends on how you catagorize “markets” (by underlying assets or geographically etc). We currently have plans for cryptos and equity options/futures market. With a focus on jurisdictions with a more open mindset on the blockchain tech. To be specific, we are working on acquiring licenses in Singapore, UAE, Australia, New Zealand and Japan. The largest market are definitely North America and China, but they also have very strict regulation regime. So our plan is to start from more friendly places and when we could prove our model and products we will spend more resources on those bigger markets. The above answer is for Fortuna. For Fota, since we are focused on cryptos, our target market is the entire crypto community.
15. Will you poach some more talented people from other companies? On this note, could you tell us a bit about Wei Zhu’s role in the company and how he will contribute to Fortuna.
With him, my team (Finance/Quant team) works a lot more efficiently since I cannot do everything myself. Currently he is in charge of R&D on topics such as crypto market momentum, market microstructure etc. He also helps a bit with our market-making strategies but his focus is more on research. We believe we need someone like him since research is also a very important aspect of the finance industry.
16. Would you be able to give the community a few points on who he is and where we poached him from?
He is the director of Derivatives at Credit Suisse, Wall Street. I got to know him from a common friend. We discussed what we do and he was quite impressed and interested and eventually he joined.
17. There are currently 70 team members, how much more do you plan on growing the team in the next 24 months?
24 month is a long time for the crypto community. We actually are planning on reaching 100 in 6 months.
Website: www.fota.io
Email: [email protected]
This write-up will provide a summary of our previous event “Close Talk with Z.T.” Comments or questions are welcome at telegram.
1. What’s the relation between Fortuna and Fota?
Fota is a mostly centralized platform and Fortuna is Fota’s next decentralized iteration. In laymen’s terms, we will slowly move modules of Fota to our main net and make other necessary additions/optimization eventually we will have Fortuna.
2. Will there be any incentives on the centralized platform for the Fota token?
Yes, there are two main reasons. On the one hand, we have analyzed the situation from both a technical and a financial perspective, and have decided that going straight to a DAPP would not be smooth and intuitive. Just look at BTS and some other decentralized exchanges. They face many problems. And our solution is more complicated that those exchanges since a derivative platform is multitudes more complicated than an coin exchange (exchange for the underlying). For example, a mature margin system takes CME 200 people 5 years to complete. On the other hand, a better approach is to start from a centralized platform and slowly move modules of it on the chain. For example, given the current technological capability of DLT matching algorithm of traditional exchanges are much more efficient and suitable than doing so on chain. However, we could slowly move ledgering and data storage on chain and thus makes transaction history enjoy the benefits of the blockchain tech which I believe I don’t have to elaborate since you all probably know (traceability, immutability etc.) but eventually everything will be decentralized and by that time the DLT tech would be much more mature given the speed at which it evolves.
3. The circulating volume is around 4.15 billion right now. Why does it keep increasing lately, Z.T.?
If you look at the top 2 addresses, especially the top 1 address of Fota. Most of the out transactions are small, usually around a few scores of hundreds. These are mostly used to give incentives and rewards to the community in addition to that one of our early seed investors got a portion of his shares of Fota lately and those are the main reasons we see the supply increase. The team have yet used the foundation for any other reasons.
4. What is the current plan for attracting institutional traders once the platform is live?
Even though our focus is now on retail investors at the current stage, we are indeed also talking to some institutional investors such as market-makers in the Chinese OTC equity option market and the exchanges and capitals in Singapore.
5. Do you see yourself partnering with one of these institutions?
Yes, for sure. We are building relationships with those institutions but the actual collaboration would have to wait for Fortuna.
6. Do you think Fota will be a product with an excellent user experience?
I think Fota will be a great product. We put a lot of thoughts on it. When I designed it, the goal is to make it professional but easy to use. Mostly importantly, the system of Fota, unlike those of some other derivative exchanges, are not a make-shift idea. For example Fota’s margin system is mathematically complete, a feature I don’t see on any other crypto futures/derivatives exchanges. It has to do with measure theory so I am not going into details on that this time. but maybe sometime we can discuss this with math savants.
7. I know you mentioned that we would partner with Certik. When will that happen?
In fact, we already have a partnership with Certik. We even started a organization called Yale Consensus. We are working with Certik to provide an API for users of Fortuna to use Certik’s formal verification services.
8. Hey, Z.T, I was wondering what are the bottlenecks that Fortuna is facing right now?
I don’t think there is any bottleneck but there are indeed lot of details to work out. This is why we are choosing the route of doing Fota first and then transition to Fortuna. A lot of the modules of Fota can be reused in Fortuna and we expect to learn a lot from our experience making Fota.
9. How can we access to your tech team directly? Will there be a help desk or something like that?
Unfortunately the only way to access technical support for BlackFriday is to talk to admins here first. This is due to the fact that BF is just a usable prototype. We intended it as a demo however we made it usable anyways. If you have any trouble with it, feel free to contact admins here. For Fota however, we will have a full support team and customer representatives.
10. ZT, the other day you mentioned you were meeting JD on a business trip. Can you share any details on this and does it pertain to Fortuna?
Yes, I met the head JD.com’s blockchain lab on my trip to Beijing. Their focus is on data. In other words, they would be a data provider like Bloomberg for cryptos. We are still discuss how we could work with them tho but currently we have no solid plan for that yet.
11. Can anyone create a derivatives product on the Fortuna platform? What’s the process for adding investment products to the platform?
You would use the contract templates provided by other nodes of Fortuna in order to do so. Furthermore, if no current templates are suitable for your specific derivative, you can create your own template. This requires some coding and professional knowledge but will also earns you Fota as incentives.
12. Any advises on personal investment in the blockchain field?
This is a difficult question haha. I wish I could answer that here but that would be irresponsible. This deserves a whole session, haha.
13. Does Fortuna use Fota to pay its payroll?
Great question. Actually that is the second reason I haven’t had the chance to mention yet. and yes it does. The second reason for use to make Fota first is to generate steady cashflow since we do not fleece retail investors.
14. What are the major markets of Fortuna?
The derivative market is huge. This question also depends on how you catagorize “markets” (by underlying assets or geographically etc). We currently have plans for cryptos and equity options/futures market. With a focus on jurisdictions with a more open mindset on the blockchain tech. To be specific, we are working on acquiring licenses in Singapore, UAE, Australia, New Zealand and Japan. The largest market are definitely North America and China, but they also have very strict regulation regime. So our plan is to start from more friendly places and when we could prove our model and products we will spend more resources on those bigger markets. The above answer is for Fortuna. For Fota, since we are focused on cryptos, our target market is the entire crypto community.
15. Will you poach some more talented people from other companies? On this note, could you tell us a bit about Wei Zhu’s role in the company and how he will contribute to Fortuna.
With him, my team (Finance/Quant team) works a lot more efficiently since I cannot do everything myself. Currently he is in charge of R&D on topics such as crypto market momentum, market microstructure etc. He also helps a bit with our market-making strategies but his focus is more on research. We believe we need someone like him since research is also a very important aspect of the finance industry.
16. Would you be able to give the community a few points on who he is and where we poached him from?
He is the director of Derivatives at Credit Suisse, Wall Street. I got to know him from a common friend. We discussed what we do and he was quite impressed and interested and eventually he joined.
17. There are currently 70 team members, how much more do you plan on growing the team in the next 24 months?
24 month is a long time for the crypto community. We actually are planning on reaching 100 in 6 months.
Website: www.fota.io
Email: [email protected]
July 18, 2018, 03:14:04 AM
Brian Cai, founder and CEO of Fortuna, delivered a speech at the China Internet Conference and was surrounded by a bunch of people
On July 11th, the Blockchain development forum of the China Internet Conference was officially kicked off. Brian Cai, Deputy Director of Fortuna Blockchain Research Center @ Zhejiang University, CEO of Fortuna, delivered a keynote speech under the name of ‘Derivatives will be the first application for Blockchain finance’. Also, he was invited to participate in the ‘Debate and Sharing Event’ hosted by Golden Finance (Known as Jinse caijing in Chinese). He had a heated round table debate with those industry experts, such as Zeng Linchuan, Director of Zhejiang Fintech Association Blockchain Special Committee. With his profound understanding of blockchain and strong critical thinking ability, Brian brought down the house and was surrounded by a bunch of people. Besides, he also noted that the most valuable part of blockchain is the realization of peer-to-peer trading. The benefit that finance brings to us lies in that it expanded the value exchange while reduced the fees. Truth be told, blockchain is the one and only technology that was endowed with a whole set of financial system.
On July 11th, the Blockchain development forum of the China Internet Conference was officially kicked off. Brian Cai, Deputy Director of Fortuna Blockchain Research Center @ Zhejiang University, CEO of Fortuna, delivered a keynote speech under the name of ‘Derivatives will be the first application for Blockchain finance’. Also, he was invited to participate in the ‘Debate and Sharing Event’ hosted by Golden Finance (Known as Jinse caijing in Chinese). He had a heated round table debate with those industry experts, such as Zeng Linchuan, Director of Zhejiang Fintech Association Blockchain Special Committee. With his profound understanding of blockchain and strong critical thinking ability, Brian brought down the house and was surrounded by a bunch of people. Besides, he also noted that the most valuable part of blockchain is the realization of peer-to-peer trading. The benefit that finance brings to us lies in that it expanded the value exchange while reduced the fees. Truth be told, blockchain is the one and only technology that was endowed with a whole set of financial system.
July 18, 2018, 03:12:42 AM
FOTA has been listed on FCoin GPM
On Jul 7th, 2018, FOTA has officially been listed on the GPM of FCoin trading platform. Also, trading will begin on Jul 8th. As of now, FOTA has been listed on twelve exchanges. Fortuna is the first blockchain platform for the global OTC derivatives market. Its first distributed financial application is aimed at market voids in the OTC derivatives market. Fortuna, as the first blockchain project of Yale Alumni, aims to become the world’s N0.1 public chain in finance.
On Jul 7th, 2018, FOTA has officially been listed on the GPM of FCoin trading platform. Also, trading will begin on Jul 8th. As of now, FOTA has been listed on twelve exchanges. Fortuna is the first blockchain platform for the global OTC derivatives market. Its first distributed financial application is aimed at market voids in the OTC derivatives market. Fortuna, as the first blockchain project of Yale Alumni, aims to become the world’s N0.1 public chain in finance.
July 18, 2018, 03:11:47 AM
Summary of the live Interview between Brian Cai and Crypto Zombie
July 18, 2018, 03:08:58 AM
Brian delivered a speech at the World Blockchain Conference (Wuzheng), and FORTUNA Blockchain Research Center at Zhejiang University won the ‘Annual research center’ prize
In the morning of Jun 30th, Brian Cai, founder of Fortuna, delivered a keynote speech named ‘Derivatives In the New Era and the New Era for Derivatives’ at the World Blockchain Conference (Wuzheng).
During the speech, Brian indicated that “Fortuna was born for derivatives”. Fortuna is dedicated to the derivatives field and will only provide the blockchain world with the derivatives for the new era. We will also offer a full set of blockchain-based solutions for traditional financial derivatives market. Fortuna is the world’s first project of this kind and the first blockchain project of the Yale Alumni.
Fortuna got itself started with OTC derivatives, and has put all its energies into FOTA in 2018. We want to build world’s most professional futures and options trading platform with license and compliance certification. To be more specific, we aim to build another J.P. Morgan in the new era.
Besides, Brian also mentioned that we’re in an era with booming financial derivatives. We need to seize the development opportunities brought by Blockchain technology. China is undoubtedly a financial derivatives market with the highest potential; the detailed reasons are as follows:
Firstly, the percentage of institutional investment has gradually improved. Secondly, China has opened its market wider to foreign countries. Thirdly, the underlying securities market has continuously expanded. To be more specific, we now have a securities market of dozens of dollars and a share market of the same scale. Fourthly, the derivatives tools have been further enriched. In Brian’s point of view, all the profiteering part created by infomediaries and trust intermediaries can be eliminated through blockchain technology.
FORTUNA Blockchain Research Center at Zhejiang University won ‘Academy of the Year’
‘Board of Fame’ industrial award ceremony of the World Blockchain Conference (Wuzheng) has been held this afternoon. We want to send our sincere congratulations to FORTUNA Blockchain Research Center at Zhejiang University, Blockchain Academy of Huobi, Blockchain Technology Research Institute of China’s Banknote Printing And Minting Corp., Blockchain Engineering Institute of OK for winning the ‘Annual research center’ prize together.
On Jun 26th, Zhejiang University has established an official partnership with Fortuna and build its first school-level joint blockchain research center. Fortuna, based in Hangzhou-the No.1 city for blockchain, has carried out all-round cooperation and exploration with Zhejiang University.
Website: www.fota.io
Email: [email protected]
In the morning of Jun 30th, Brian Cai, founder of Fortuna, delivered a keynote speech named ‘Derivatives In the New Era and the New Era for Derivatives’ at the World Blockchain Conference (Wuzheng).
During the speech, Brian indicated that “Fortuna was born for derivatives”. Fortuna is dedicated to the derivatives field and will only provide the blockchain world with the derivatives for the new era. We will also offer a full set of blockchain-based solutions for traditional financial derivatives market. Fortuna is the world’s first project of this kind and the first blockchain project of the Yale Alumni.
Fortuna got itself started with OTC derivatives, and has put all its energies into FOTA in 2018. We want to build world’s most professional futures and options trading platform with license and compliance certification. To be more specific, we aim to build another J.P. Morgan in the new era.
Besides, Brian also mentioned that we’re in an era with booming financial derivatives. We need to seize the development opportunities brought by Blockchain technology. China is undoubtedly a financial derivatives market with the highest potential; the detailed reasons are as follows:
Firstly, the percentage of institutional investment has gradually improved. Secondly, China has opened its market wider to foreign countries. Thirdly, the underlying securities market has continuously expanded. To be more specific, we now have a securities market of dozens of dollars and a share market of the same scale. Fourthly, the derivatives tools have been further enriched. In Brian’s point of view, all the profiteering part created by infomediaries and trust intermediaries can be eliminated through blockchain technology.
FORTUNA Blockchain Research Center at Zhejiang University won ‘Academy of the Year’
‘Board of Fame’ industrial award ceremony of the World Blockchain Conference (Wuzheng) has been held this afternoon. We want to send our sincere congratulations to FORTUNA Blockchain Research Center at Zhejiang University, Blockchain Academy of Huobi, Blockchain Technology Research Institute of China’s Banknote Printing And Minting Corp., Blockchain Engineering Institute of OK for winning the ‘Annual research center’ prize together.
On Jun 26th, Zhejiang University has established an official partnership with Fortuna and build its first school-level joint blockchain research center. Fortuna, based in Hangzhou-the No.1 city for blockchain, has carried out all-round cooperation and exploration with Zhejiang University.
Website: www.fota.io
Email: [email protected]
July 09, 2018, 06:01:50 AM
FOTA strong landing FCoin gem, the project team has been doing things, the future development of FOTA coins is worth investors' expectations.
July 01, 2018, 12:56:55 AM
I invest in this project and I am confident in the team to make this project in the moon soon, all the best for you
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