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Data source: CoinMarketCap
Fortuna (FOTA) to Rupiah (IDR) Conversion Table
Fortuna is the first blockchain for global OTC derivatives market including options, forwards, swaps and other derivatives linked to various underlying assets such as stocks, commodities, currencies, interest rates, market indexes, etc. In 2016, the notional principal of global OTC derivatives market is 483 trillion U.S. dollars, Fortuna hopes to effectively solve the problems of high credit risk, low operational efficiency, insufficient liquidity and limited derivatives types, which are faced by the current OTC derivatives market, through blockchain system including asymmetric encryption, consensus algorithm, smart contracts and crypto token. The core members of Fortuna team are from Yale University, Oxford University, Columbia University, University of Chicago, who have worked for McKinsey, Factset, OCC, Nomura, Microsoft, Alibaba, Huawei, etc. With the new mode of thinking, Fortuna, the first blockchain platform for the global OTC derivatives market, solves several core problems and introduces some new features as follows: 1. Build a trust network. Fortuna can solve the trust problem of the OTC derivatives market with consensus algorithm DPOSA, structured smart contract, decentralized quote scheme, digitalized supervision and other techniques of blockchain. 2. Improve the operational efficiency. As a specialized blockchain platform for derivatives, Fortuna can improve the operational efficiency of each step of transactions, including contract creation, price quoting, contract signature, trading and clearing. 3. Increase the liquidity. As the only medium of exchange accepted by Fortuna, FOTA can enable the platform to embrace the global liquidity pool regardless of the physical and multi-currency barriers. 4. Motivate users to trade. Fortuna supports two modes of trading: PrC and PuC. Under PrC mode, users can launch a peer to peer transaction without any cost of agency. Under PuC mode, users can create new types of derivatives and be the market makers while benefiting from the trading volume of the new derivatives created. 5. Enrich the derivatives market. Users of Fortuna can create all kinds of derivatives with different underlying assets, deal structures, durations, margin ratios and other elements of transactions. To some extent, Fortuna can be a worldwide incubator for innovative derivative tools. 6. Algorithmic regulation and self-discipline. With algorithmic regulation and self-discipline, Fortuna supports transparent, real time, and full dose data supervision. Smart contract, digitalized supervision, arbitration driven by consensus algorithm and other new technical features can inspire a new mode of regulation and self-discipline. As Herbert Marshall Mcluhan said, “we shape our tools and afterwards our tools shape us.” Fortuna will inspire a new mode of thinking for the global OTC derivatives market and make the tools of hedging more available and more popular.