Here we go #Coffeegang! The @Fortisoeconomia TLDR…
What a ride learning about $FOT has been! 🎢
*Sips Coffee*
Are you ready to add some #Airdrops into your morning Coffee? 🪂☕️
Let's go #Cosmonauts, into the Castle!🏰
$ATOM $JUNO $FOT
1/22 ☕️🧵
What a ride learning about $FOT has been! 🎢
*Sips Coffee*
Are you ready to add some #Airdrops into your morning Coffee? 🪂☕️
Let's go #Cosmonauts, into the Castle!🏰
$ATOM $JUNO $FOT
1/22 ☕️🧵
🚨I’m going to be as real as I can be here, anything that you invest into this project EXPECT it to go to $0.00!
🚨That's as clear as I can get about the RISK FACTOR we are talking about here!
🚨I DO NOT think this is a scam project but it’s MEGA HIGH RISK!
2/x
🚨That's as clear as I can get about the RISK FACTOR we are talking about here!
🚨I DO NOT think this is a scam project but it’s MEGA HIGH RISK!
2/x
🤔What:
🥄The task of the $FOT token is to reward the behavior of the participants of Fortis and other connected Ecosystems.
🥄$FOT is also the Governance token of the Fortis Ecosystem
3/x
🥄The task of the $FOT token is to reward the behavior of the participants of Fortis and other connected Ecosystems.
🥄$FOT is also the Governance token of the Fortis Ecosystem
3/x
🛠️Use Case
🥄The value of $FOT as a store of value mainly derives from the sub-systems, these are basically DeFi strategies set up in the $FOT ecosystem
🔥Burning $FOT is the only way to obtain $bFOT
🥄You can Earn $FOT by participating in the #Cosmos and #FOT Ecosystems
4/x
🥄The value of $FOT as a store of value mainly derives from the sub-systems, these are basically DeFi strategies set up in the $FOT ecosystem
🔥Burning $FOT is the only way to obtain $bFOT
🥄You can Earn $FOT by participating in the #Cosmos and #FOT Ecosystems
4/x
🤓How
🥄Built on @JunoNetwork
🥄1 $FOT = 10 $bFOT
(This ratio changes over time and is determined by a math equation noted in the Whitepaper)
🔥$FOT is Burned into $bFOT here,
fortisoeconomia.space/burnmodule/
5/x
🥄Built on @JunoNetwork
🥄1 $FOT = 10 $bFOT
(This ratio changes over time and is determined by a math equation noted in the Whitepaper)
🔥$FOT is Burned into $bFOT here,
fortisoeconomia.space/burnmodule/
5/x
🥄Stake your bFOT for $gFOT.
➡️Staked $gFOT earns Daily $FOT Rewards
🥄Or use your $bFOT Elsewhere in the Fortis ecosystem
➡️This will also earn you $FOT Rewards
🥄$gFOT can also be burned into $sFOT a Stablecoin.
💰This is how you can Exit your $gFOT Position
6/x
➡️Staked $gFOT earns Daily $FOT Rewards
🥄Or use your $bFOT Elsewhere in the Fortis ecosystem
➡️This will also earn you $FOT Rewards
🥄$gFOT can also be burned into $sFOT a Stablecoin.
💰This is how you can Exit your $gFOT Position
6/x
🪙Légionnaire Coins
🥄Rent / Rent out your staked tokens.
➡️Renting Out Tokens Earns you $FOT
🥄Coins can be “Rented” for $bFOT and can only be used in synthetic LP pools provided by Fortis, this is to provide safety to the initial investment.
7/x
🥄Rent / Rent out your staked tokens.
➡️Renting Out Tokens Earns you $FOT
🥄Coins can be “Rented” for $bFOT and can only be used in synthetic LP pools provided by Fortis, this is to provide safety to the initial investment.
7/x
➡️The Paid $bFOT for the Rented token goes to the owner of the original token.
➡️Synthetic LP pools earn $FOT for the rented token holder.
8/x
➡️Synthetic LP pools earn $FOT for the rented token holder.
8/x
🧑🤝🧑P2P Insurance
🥄Our take on this is that they are creating a safety net for Impermanent Loss.
🥄You and another provider both provide 1 asset for a 2 asset LP pool.
🥄You share in the rewards and mitigate risk together.
🥄The risk is mostly mitigated with the $FOT pool
9/x
🥄Our take on this is that they are creating a safety net for Impermanent Loss.
🥄You and another provider both provide 1 asset for a 2 asset LP pool.
🥄You share in the rewards and mitigate risk together.
🥄The risk is mostly mitigated with the $FOT pool
9/x
🎁Wrapped DeFi Strategies
🥄The Concept here seems to be, You found a great DeFi strategy and would like to offer it to others for a Fee.
➡️You can “Wrap” this strategy and earn rewards from others who decide to jump into your pool.
10/x
🥄The Concept here seems to be, You found a great DeFi strategy and would like to offer it to others for a Fee.
➡️You can “Wrap” this strategy and earn rewards from others who decide to jump into your pool.
10/x
🔥Burn to Stake
🥄Stake any Cosmos Ecosystem Yield bearing Coin or Token into the “Burn to Stake” Pool
➡️Earn $FOT for staking into the “Burn to Stake” pool.
➡️ Other bFOT stakers in the “Burn to Stake” pool earn from all the yield bearing assets held in the pool.
11/x
🥄Stake any Cosmos Ecosystem Yield bearing Coin or Token into the “Burn to Stake” Pool
➡️Earn $FOT for staking into the “Burn to Stake” pool.
➡️ Other bFOT stakers in the “Burn to Stake” pool earn from all the yield bearing assets held in the pool.
11/x
🤽Living Liquidity Pools
🥄Multi - Participant AI governed LP pools to mitigate risk among participants.
🥄The different Fortis systems will be connected by these LP pools.
12/x
🥄Multi - Participant AI governed LP pools to mitigate risk among participants.
🥄The different Fortis systems will be connected by these LP pools.
12/x
📊Tokenomics
🥄Total Supply 100 Million $FOT
- 60% Ecosystem
- 5% Pre Market Funding
- 20% “Gift” For cosmos Ecosystem (Airdrops)
- 15% Community and Developer Endowment
13/x
🥄Total Supply 100 Million $FOT
- 60% Ecosystem
- 5% Pre Market Funding
- 20% “Gift” For cosmos Ecosystem (Airdrops)
- 15% Community and Developer Endowment
13/x
💰Distribution:
🌲Ecosystem
🥄60% for the ecosystem.
👨🏫The distribution of the total allocated supply is as follows.
- 10,000,000 for Burn to Stake Sub-System incentive
- 10,000,000for Legionnaire Coins Sub-System incentive
- 40,000,000 for Upcoming Sub-Systems
14/x
🌲Ecosystem
🥄60% for the ecosystem.
👨🏫The distribution of the total allocated supply is as follows.
- 10,000,000 for Burn to Stake Sub-System incentive
- 10,000,000for Legionnaire Coins Sub-System incentive
- 40,000,000 for Upcoming Sub-Systems
14/x
🫂Community etc.
- 8,000,000 is reserved for Community Pool
- 3,000,000 is reserved for Sub-System development.
- 3,000,000 is reserved for Ecosystem Development
- 1,000,000 is reserved for P2E game incentive
15/x
- 8,000,000 is reserved for Community Pool
- 3,000,000 is reserved for Sub-System development.
- 3,000,000 is reserved for Ecosystem Development
- 1,000,000 is reserved for P2E game incentive
15/x
🪂Airdrops
➡️Earn 1 $FOT from voting on ATOM and JUNO Governance
🥄20 Million $FOT
- 15% - 3 Mill for $ATOM Stakers (Dec. 14 2021)
- 10% - 2 Mill Juno Stakers (Dec. 15 2021)
- 75% - 15 Mill “Unopened Gifts”
🚨Future #Airdrops will require you to Vote in Governance
16/x
➡️Earn 1 $FOT from voting on ATOM and JUNO Governance
🥄20 Million $FOT
- 15% - 3 Mill for $ATOM Stakers (Dec. 14 2021)
- 10% - 2 Mill Juno Stakers (Dec. 15 2021)
- 75% - 15 Mill “Unopened Gifts”
🚨Future #Airdrops will require you to Vote in Governance
16/x
🤓Team:
🥄Full Dox Team - 8 Individuals
17/x
🥄Full Dox Team - 8 Individuals
17/x
Conclusion:
🥄Even one of the Founders calls it a Ponzi structure!
🥄A Founder also notes DO NOTE APE IN!
🥄Innovative rewards structure involving the community at large
18/x
🥄Even one of the Founders calls it a Ponzi structure!
🥄A Founder also notes DO NOTE APE IN!
🥄Innovative rewards structure involving the community at large
18/x
🥄“All For One” Idea is nice but in practice rarely succeeds
🥄Expect MAJOR Volatility around all the rewards and airdrops that are coming.
🥄Tokenomics are community centered
🥄There will be many coming updates, we will do other threads on this project if it survives
19/x
🥄Expect MAJOR Volatility around all the rewards and airdrops that are coming.
🥄Tokenomics are community centered
🥄There will be many coming updates, we will do other threads on this project if it survives
19/x
💻Sources:
🥄Whitepaper: tinyurl.com/2p8f3ppc
🥄Medium: fortisoeconomia.medium.com
🥄Website: fortisoeconomia.com
🥄Twitter: twitter.com/Fortisoeconomia
🥄Linktree: linktr.ee/fortisoeconomia
20/x
🥄Whitepaper: tinyurl.com/2p8f3ppc
🥄Medium: fortisoeconomia.medium.com
🥄Website: fortisoeconomia.com
🥄Twitter: twitter.com/Fortisoeconomia
🥄Linktree: linktr.ee/fortisoeconomia
20/x
🥄bFOT Chart: cosmospug.com/bfot-chart/
🥄bFOT Metrics: tinyurl.com/5n9bybys
🥄AMA #1: tinyurl.com/4jfjyew7
21/x
🥄bFOT Metrics: tinyurl.com/5n9bybys
🥄AMA #1: tinyurl.com/4jfjyew7
21/x
If you found this thread useful, help spread the word and share with the community!
Keep up with tons of #IBC information including #Airdrops and more at,
TheCosmosCoffeehouse.com
Grab Some #IBC Merch Here!
…e-cosmos-coffeehouse.myspreadshop.com
#MugsNotRugs
22/22
Keep up with tons of #IBC information including #Airdrops and more at,
TheCosmosCoffeehouse.com
Grab Some #IBC Merch Here!
…e-cosmos-coffeehouse.myspreadshop.com
#MugsNotRugs
22/22
Note:
To be clear, The Ponzi / Not Ponzi is explained in the AMA noted above.
The founder actually states that altough it is a ponzi like structure the project itself is not a ponzi and explains why
Please DYOR and don't take anything in this thread as more than opinion
To be clear, The Ponzi / Not Ponzi is explained in the AMA noted above.
The founder actually states that altough it is a ponzi like structure the project itself is not a ponzi and explains why
Please DYOR and don't take anything in this thread as more than opinion
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