 | The Fortune Fund (FUN)ICO The Fortune Fund is a crypto index fund that will use the ICO funding to buy the underlying crypto assets. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is The Fortune Fund
Fortune Fund (FUN) is an autonomous cryptocurrency index fund based on the Ethereum blockchain. FUN tokens are supposed to be tied to underlying crypto assets. The team is running an ICO campaign to buy these assets, namely, top 20 cryptocurrencies. The smart contract envisages a liquidation option that is supposed to prevent the token value from dropping below the value of the underlying assets, theoretically, it can only exceed the underlying assets. The team will deliver quarterly reports that will include, inter alia, a balance sheet and data on the portfolio total investment value.
DetailsPublic sales: Aug 14, 2018 - Nov 11, 2018Token supply: 77,333,333 Hard cap: 88,888,900 USD(fiat) LegalCountry limitations: United StatesRegistration country: British Virgin Islands Registration year: 2014 | Token infoTicker: FUNType: Utility-token Token price in USD: 1 FUN = 1 USD Accepted currencies: BTC ETH LTC Token distribution: 7.5% - Team 0.5% - Advisory team 2.5% - advertising and Investor members of the family 1.0% - protection - structures and smart settlement 1.0% - Legal 0.5% - Bounty application 87% - ICO participants Funds allocation: 1.5% - endured advertising Pre-change list 0.5% - felony costs and post-ICO Audit 98% - Underlying belonging |
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