bitFORTUNE
White Paper
Version 1.0 – Revised May 2025
Asset/Derivative | Asset Code (symbol) | |
---|---|---|
1 | bitFORTUNE | bitFORTUNE |
2 | bitFORTUNE USD | BFUSD |
3 | bitFORTUNE Gold | BFGOLD |
4 | bitFORTUNE Silver | BFSLVR |
5 | bitFORTUNE Stock | BFSTOCK |
6 | bitFORTUNE Oil | BFOIL |
7 | bitFORTUNE Real Estate | BFRE |
8 | bitFORTUNE BTC | BFBTC |
9 | bitFORTUNE ETH | BFETH |
10 | bitFORTUNE ALT | BFALT |
11 | bitFORTUNE DEFI | BFDEFI |
12 | bitFORTUNE TRADE | BFTRADE |
Assessment | Description | |
---|---|---|
1 | Front-End Fee | Applied upon investment of any derivative token at the ask price. This fee covers onboarding, liquidity, and issuance-related costs. This fee may be found on the site per derivative description. |
2 | Back-End Fee | Applied when selling any derivative token at the bid price. This fee supports redemption, fund disbursement, and asset conversion overhead. This fee may be found on the site per derivative description. |
3 | Annual Fund Management Fee | A 3% annualized fee on assets under management (AUM), assessed monthly (AUM × 3% ÷ 12), covering strategic management, oversight, and operational integrity. |
4 | Performance Fee | A 20% fee on all profitable trades trade profit as executed by the bitFORTUNE Fund Manager. This fee aligns management incentives with investor success. |
5 | Tax Reserve | 30% of profit from each trade is automatically reserved within the fund to accommodate tax liabilities in the applicable jurisdiction. **NOTE** bitFORTUNE Administration is working to transform the entity per regulation whereby the entity will no longer collect & pay tax but rather have it pass thru to each investor. Once this is achieved this tax reserve will no longer be maintained. |
6 | Operating Costs | Expenses for software, hardware, hosting, security, transaction processing, administrative overhead, and other technologies are deducted proportionally from the fund, based on token holder stake. |