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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: July 27, 2018, 09:32:53 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: hi@mail.fota.top

2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: July 27, 2018, 09:24:24 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.



3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: July 18, 2018, 07:16:10 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: hi@mail.fota.top
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: July 18, 2018, 07:14:04 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.







5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: July 18, 2018, 07:12:42 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.

6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: July 18, 2018, 07:11:47 AM
Summary of the live Interview between Brian Cai and Crypto Zombie



7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: July 18, 2018, 07:08:58 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: hi@mail.fota.top
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: June 25, 2018, 07:20:35 AM
The testnet of Fortuna’s public chain and Web wallet are now live. Also, FOTA will be listed on two new exchanges by the end of the week.



The testnet of Fortuna’s public chain is live starting Jun 25th, 2018. It now supports functions, such as, creating multiple wallets, making transfers/deposits, registering as a delegate, voting, block/transaction queries, etc.

Meanwhile, the first version of our digital web wallet has also been released ahead of schedule. The FOTA wallet was initially scheduled for release in Q3, yet we have made significant progress and decided to give the community an early look. Additionally, FOTA, the token of Fortuna will be listed on two new exchanges, which will bring the total number of exchanges to eleven.

The first blockchain project of the Yale Alumni will officially embark to explore the vastness of Finance. We are on the road to becoming the world’s No.1 public chain in finance!

Testnet Link: testnet.fota.io


9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: June 08, 2018, 08:33:44 AM
Weekly Fortuna News, Issue 015

Welcome to see Fortuna how to build a first financial public chain



Dear Fortuna supporters,

Please find the weekly edition of Fortuna News below! As always, thanks for being a great community, and enjoy the read!

Founder Brian Cai’s Foreword

Dear Fortuna Community,

Last week, Zhejiang University Fortuna Blockchain Center was founded. We are very glad to have made this cooperation with Director of Zhejiang University Information Technology Center, Professor of College of Computer Science and Technology, ZJU (Former Associate Dean) and Doctoral Supervisor Chen Wenzhi. This allows us to add to, and use, very advanced research into the application of blockchain technology. We complement eachothers work and in the future can tap into a wealth of information.

At the same time, we are very happy with the exposure from Xinhua News Agency, people.com.cn, Caijing.com.cn, caixin.com, ifeng.com, chinanews.com, huanqiu.com, china.com.cn, toutiao.com, Zhejiang Daily, jinse.com, huoxun.com, 8btc.com, GMTech, iterduo.com as well as a dozen blockchain newsoutlets such as We Media’s support, Blockchain Diurnal, biquanlieren and chdblockchai covered the story.

We welcome you all to see how Fortuna will build the first financial public chain in 2018.

-Visual FORTUNA-

Behind the scenes #15

Technology Research and Development

Black Friday Derivatives Trading Platform: Black Friday platform V1.1 version has been launched in time. We have added ETH options as planned. Additionally, we will start launching new options once every two weeks.

Fortuna’s mainnet: Product manager has freed up time which resulted in the Blockchain wallet’s progress getting back on track. We are developing Double Kill version now. However, some demand has been changed. The iteration plan is changed a little.

Fortuna’s community BBS: The testing and related issues were completed this week and the online plan was not changed at the end of May.

Quantifying and Modeling

Complete implementation and packaging of all modules required for a single European option on the Black Friday platform;

Listed dozens of industry and/or academic papers on quantitative market, which are currently being analyzed and integrated;

Analysed the needs of in-house quantitative and non-quantitative trader teams.

Marketing and PR

The second Fortuna Forum:
For the Fortuna Forum offline activities we invited all kinds of partners (from We media, exchanges and capital institutions). We prepared film equipment, recorded video on site, had a photographer to capture the day. We prepared roll up banners and the like.

Chinese community operations:
Collect Bounty mission statistics; Contacted two overseas exchanges and reached an agreement;

Overseas community operations:
Released the Weekly Fortuna News, Issue 014; Translatde and published articles on the establishment of Zhejiang University Fortuna Blockchain Center;

The collection and optimization of bounty program community recommendations;

Follow-up on the operation of the Russian community; Delivered overseas employee’s cards and cultural shirts, etc.

Part-time and full-time community operators’ interviews and follow-up;

Fortuna community BBS:
BBS forum bug detection and report; BBS’s registered email and writing of forgetting password’s email; BBS’s copy content optimization and feedback;

Content operations:

The official account is updated by releasing the Weekly Fortuna News, Issue 014; Fortuna Forum content’s preparation, including newsletters; Do the issuance schedule, connect with external media channels, publish in self-built accounts, and collect media announcements.

Furthermore, FOTA tokens have been listed on two more overseas exchanges on May 28th, which adds the total number of overseas FOTA-listed exchanges up to nine.

Talent Hunting



A total of 154 resumes were reviewed this week. 40 were interviewed and 1 admitted;

New employees breaking ice and we organised a grant May birthday party for all employees who had their birthday in May, this proved a great opportunity to get to know eachother better;

Warm regards,

Fortuna
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: June 04, 2018, 12:53:00 AM
Hello, good to see a lot of news and updates. Those interviews with top bounty hunters are really interesting. Good idea.

Thank you, your support is greatly appreciated Smiley
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 29, 2018, 10:21:06 AM
The establishment of a blockchain research collaboration between Fortuna and Zhejiang University.
In response to the spirit and instructions of Zhejiang Provincial Government’s Blockchain Technology and Application Conference and the Governor of Zhejiang Province, Yuan Jiajun, “Building blockchain innovation highlands, building blockchain application highlands, creating a blockchain talents highlands and building a blockchain development ecosystem”.

On May 26 2018, Zhejiang University Fortuna Blockchain Center was founded. Director of Zhejiang University Information Technology Center, Professor of College of Computer Science and Technology, ZJU (Former Associate Dean) and Doctoral Supervisor Chen Wenzhi will serve as the directors of the Zhejiang University Fortuna Blockchain Center. Additionally, they will also serve as a strategic consultant for Fortuna.




Director Chen Wenzhi and Brian Cai, the founder of Fortuna delivered a keynote speech at the ceremony.




Thus far, Zhejiang University has applied for 6 blockchain patents and published 7 blockchain papers. They are in the lead compared to many domestic universities. At the same time, Zhejiang University will begin a blockchain and digital currency course for the more senior undergraduates and postgraduates in September this year. This is the first blockchain-related course offered by domestic Chinese universities. On top of that, Zhejiang University will also consider the addition of blockchain-related professional orientations and set up corresponding postgraduate courses to cultivate research talents.

In the field of blockchain, the strength of Zhejiang University can’t be underestimated. From alliances with chain technology experts/enterprises to several blockchain financial enterprises, from experiments and research institutes to investment agencies, Zhejiang University has a large number of people with influence and power.

To name a few:
Huang Butian (founder of YUNPHANT BLOCKCHAIN), Li Wei (founder of Fun Chain), Wu Sijin (founder of 33.CN), Zhang Xiaodong (co-founder of Fortuna), Xie Hanjian (co-founder of Cryptape), Du Yu (director of Wanxiang blockchain laboratory), Zhang Yifeng (dean of ZHONGCHAO blockchain technology research institute) and Chen Weixing (founder of FUNCITY Capital).

Milestones and a New Starting Point

At the inaugural ceremony, Director Chen Wenzhi stated that blockchain technology, as a new revolutionary database technology, will help transform the Zhejiang provincial government on different levels. It also exerts significant influence on Zhejiang’s provincial government’s work, industrialization and people’s lives in general. The establishment of a blockchain research center between Fortuna and Zhejiang University is both a milestone and a new starting point. The two parties will play their respective advantages and will promote blockchain technology adoptation at the application level.








The Integral between the square

At the ceremony, Brian Cai, founder of Fortuna, stated that there is too much opaqueness and indirectness, to high cost and low efficiency in the traditional financial sector. The blockchain technology is a new type of financial technology depriving trust and a distributed database technology that is difficult to falsify. It will have an immense impact on the financial sector. Fortuna hopes to develop a financial public chain of BAAS architecture with good storage security, risk isolation, good transaction performance and create comprehensive distributed financial activities. At the same time, unlike other public chains, Fortuna hopes to dig deeper into the sub-sector market for OTC financial derivative products to create a well-experienced distributed financial application. This to refine its own technological development capabilities for distributed financial activities and then look for partners with related resources and operational experience who will work together to co-create these financial activities, including distributed banking, mutual insurance, family trust and asset securitization. The Blockchain research center between Fortuna and Zhejiang University will give full play to the advantages of school-enterprise cooperation. They will use blockchain technology and focus on issues such as the peer-to-peer trust mechanism in the financial market, the issue of guarantee-cost reduction and transaction efficiency issues. Fortuna and Zhejiang University hope to open up a new road for the application of blockchain in the financial sector.



Let’s wait and see, in the days to come, what the collaboration between Fortuna and Zhejiang University will bring. How will we shape the future of blockchain finance?

Chen Wenzhi



Professor Chen Wenzhi, Doctoral Supervisor, Director of IT Center for Zhejiang University, Former Associate Dean of Computer Science and Technology Department, Member of IEEE/ACM, Vice-president of ACM SIGCSE, Senior Member of CCF. Doctor Wenzhi’s major research focuses are cloud computing, distributed systems, big data platforms, blockchain technology and network information security. He has published nearly 100 notable papers and obtained 20 plus national invention patents. Furthermore, he has also served as a reviewer for many academic journals and was a member of several international conference program committees. Last but not least, he has received numerous national and provincial awards in science, technology, and teaching.

Brian Cai



Brian received his Master’s degree from Yale University, majored in Computer Science. He won the first prize at the International Mathematical Contest in Modeling. At the age of 26, he began to serve a cadre of divisions of a state-owned bank. Brian was the director of the private banking department of the Zhejiang Provincial Branch of BoComm, which is a national bank in China. He has worked in New York, London, Hong Kong, Shanghai and Hangzhou, in investment banking, corporate finance and private banking. Brian founded Fortuna in 2017. His aim is to create the №1 China’s financial public chain and the first OTC financial derivatives market blockchain solution in the world.
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 27, 2018, 11:32:43 PM
Dear Fortuna Supporters,

Exciting news! Fortuna is launching ETH underlying options on our Black Friday platform! Additionally, the Black Friday platform now has a Chinese and English version.

We will start launching new options once every two weeks. Make sure you stay tuned.

Enjoy using our Black Friday platform!
13  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 27, 2018, 11:30:21 PM
Dear Fortuna Supporters,

We have just released our weekly news issue #014. Check it out!

Medium

Twitter
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 27, 2018, 11:28:45 PM
We've released our Third Interview with one of Fortuna's best Hunters!


Also be sure to join our Hunting Lobby
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 27, 2018, 11:25:24 PM
Congratulations for your partnership with University.

I bought FOTA at 20 cts and Now I hold. Project is great.
Your team is very active.
I think that the regulation could boost your project

Thank you, your support is greatly appreciated!!  Grin Grin
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 26, 2018, 01:52:59 AM
Hello everyone! Grin

Check out this article written by one of our community members to get a better understanding of our OTC derivatives trading platform "Black Friday"

Check the article out here!
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 26, 2018, 01:40:11 AM
We've just released our second interview with one of Fortuna's best Hunters!

Read more about it here

What should we list next?
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 26, 2018, 01:36:39 AM
How will Fortuna continue to reward users and maintain customers after the initial product launch in Q4? Will they offer airdrops or any discount on trades for the fees which people need to pay to use the product?

Hello etopster!

FOTA has many other utilities such as payments for quoters, arbitrators and contract template creators. This along would create a healthy ecosystem for FOTA, especially with the growth of Fortuna’s user base  Grin
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 21, 2018, 02:45:42 AM
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][FOTA][NEW BOUNTY] FORTUNA – The First Blockchain OTC Derivatives Platform! on: May 20, 2018, 01:51:32 AM
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