About

Welcome to Fortunity Docs. Here, we provide an explanation of our concept and aims for the project. Please note that certain technical aspects have been hidden in the interest of confidentiality.

Introduction

We live in an uncertain world. Our governments, businesses and families struggle to foresee the future of our economy. We outsource the task of understanding the future to a handful of 'experts' who rarely have the incentive to be accurate with their predictions. Worst of all, because of the lack of tools to trade these variables, your understanding is ignored by the current system.

To solve this problem, we invented Fortunity: a new system that lets anyone trade economic variables directly. From indicators like inflation to GDP growth, our goal is to empower you to turn wisdom into wealth – your predictions into profit. And, in the process, your unique insight will shape a clearer vision of our economy for everyone.

What is Fortunity?

Fortunity is a decentralised exchange that allows users to trade derivatives that are directly linked to economic variables. We call this new class of derivatives 'Forecast Markets'.

What are Forecast Markets?

These are a new type of prediction markets that allow for continuous trading of variables. Unlike prediction markets, which typically offer bets on a 'yes or no' outcome, Forecast Markets let you trade variables the same way you can trade stocks or other assets.

How does Fortunity use Chainlink?

Thanks to their highly convenient and reliable data feeds, we decided to begin with making Forecast Markets for Inflation indicators on Truflation (check out Inflation Forecast Markets). In the future, we hope to scale our range of markets to leverage a wide array of Chainlink API feeds.

What blockchain is Fortunity built on?

Fortunity is developed on Arbitrum, a scaling solution on Ethereum, which allows users to buy and sell tokens without network fees. We chose Arbitrum thanks to EVM compatibility, their fast-growing DeFi ecosystem, and their brilliant community of devs.

What has our project achieved so far?

Fortunity won 1st place in the Chainlink 2022 Fall Hackathon (Truflation sponsor prize). Since then, we have continued to work behind-the-scenes to improve our first product, Inflation Forecast Markets, collaborating with Truflation to ensure the most secure and seamless user experience.

Our Purpose

We aspire to create a world that rewards people's knowledge fairly. We aim to provide a universal exchange for trading the variables that matter to humanity. By building an ecosystem, we unlock a new paradigm in DeFi.