𝙁𝙤𝙧𝙩𝙞𝙨 𝙊𝙚𝙘𝙤𝙣𝙤𝙢𝙞𝙖/example-of-a-shitcoin

/probably the most confusing post I have ever written

https://www.fortisoeconomia.com/

Based on Juno, short-term content shit, almost snowball system.

Note: I thought in addition the many rewards you get for EVERYTHING would be a nice + point.

Before we get to the problems:

𝙐̈𝙗𝙚𝙧𝙨𝙞𝙘𝙝𝙩

The nice system includes (I'll spare you a lot of details):

𝙁𝙊𝙏, you can get them from Airdrops for example.

If you burn them, you get

𝙗𝙁𝙊𝙏

(this is the only thing getquin lists, or what you can also convert to other coins, that's why I have this one in here with -80%, the b FOT price is namely developing more and more towards 0, I'll explain why in a moment).

https://www.fortisoeconomia.space/burnmodule/

bFOT can be converted into

𝙜𝙁𝙊𝙏, THIS can be staken then again. Currently with an APR of 1640%, so 4% a day.

Sounds much, it is also, still becomes a problem.

https://www.fortisoeconomia.space/gFOTmodule/

gFOT can be converted into 𝙨𝙁𝙊𝙏, their supply is fixed and is used for stable pools.

https://www.fortisoeconomia.space/sFOTmodule/

Then now the dungeon was opened, to keep it short: you have here even more opportunities to stak other things and get fat rewards. Cool.https://www.fortisoeconomia.space/fortisDungeon/

So far: many rewards in a not so simple system.

What's the catch? well. Unfortunately I didn't check it at that point.

bFOT was there at 5$

𝙋𝙧𝙤𝙗𝙡𝙚𝙢

The catch is mainly the interface bFOT to the "outside world": so many FOTs are given away (for staking etc.) that the value drops sharply every time the rewards are claimable. Stupid.

After converting the whole units and rewards (only approximately) results:

There are daily (at 2pm and at night at 2am) profits distributed, currently CA 25% OF THE FOTS PRESENT TILL NOW.

And this happens every day, not even counting the weekly rewards.

So it's almost a Ponzi scheme, never Juno connection doesn't help out much either.

Then the Juno blockchain still has security issues after an update.

bFOT Price: 0,25$

Update 05/2022: under 1 cent

Due to all the rewards I am not as much in the red as it looks, but for profit the price would have to go back above 2$.

2022 Update: no. Money is gone.

𝙁𝙖𝙯𝙞𝙩

This will be ugly in my depot for longer now and I don't expect any improvement until 2 applications are launched (Q3 and 2023 Q1).

2022 Update: Or no longer.

900€ burned. Do not imitate.

Bye