Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Horizon (Fortun) and our guests were @HZNDev, @fortuntoken and Brother Yale. The AMA took place on 1 May.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Horizon (Fortun)! Welcome to Satoshi Club😀
Gold Rocket | Satoshi Club: We conclude our today’s AMA marathon series with Horizon (Fortun)
Today our guests are @HZNDev, @fortuntoken and Brother Yale!
Fortun Token: Hi everyone!
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club guys!
Andrés M. | Satoshi Club: [ 🤗 Sticker ]
Gold Rocket | Satoshi Club: Let’s start!
Please introduce youreself. How did you get to be involved in crypto & Horizon (Fortun)?
Andrés M. | Satoshi Club: @HZNDev, @fortuntoken nice to meet you guys
Fortun Token: Hey everyone, I am a crypto enthusiast who started in crypto a few years back. Given my programming experience I was really interested in the technical side to the crypto universe, and naturally when I became involved in the BSC network I started to explore the tokenomics of new coins. Thus, the idea for Fortun (formerly Horizon) was born. Together with Padre and Brother Yale we wanted to come up with a token that would offer something new to the over-saturated meme-token market and this led us to creating a lottery token!
Andrés M. | Satoshi Club: How the lottery works?
Fortun Token: Essentially the most basic way the lottery works is like this: You buy 1,000 FTN tokens once, this gives you a “ticket” to all future lotteries. So you buy once, and you are entered into all future lotteries just by holding!
Gold Rocket | Satoshi Club: it is very interesting😊
Andrés M. | Satoshi Club: Wow, so which is the FTN price?
Fortun Token: The FTN price is currently at around 0.16$.
Also I think Padre needs to be given admin rights to answer these questions too 🙂
Andrés M. | Satoshi Club: Yes, we are fixing it, don’t worry😃
Gold Rocket | Satoshi Club: We need his username. Ask him to change the privacy settings please
Fortun Token: @fortundev
Andrés M. | Satoshi Club: And what is the big prize of each lottery event?
Fortun Token: The largest prize is currently the Bronze tier prize which you are entered in by owning at least 1,000 tokens. It currently is given out every 6 hours (4 times per day) and is maxed out at 5,000 tokens. This means you potentially have 4 opportunities to win 800$ if the jackpot fills up.
Padrė: Hello everyone, nice to be here!
Andrés M. | Satoshi Club: Welcome 😃
Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club😊
Padrė: Thank you 🙂
Gold Rocket | Satoshi Club: Please make a small intro about yourself and how you involved into crypto and Fortun
Padrė: I’m one of the developers on the Fortun (FTN) token. I got into crypto a while back because I was fascinated
by the decentralized/technology aspects of it. Together with FortunToken and Brother Yale we came up with the
idea for a decentralized lottery system with the lottery built directly into the coin itself.
Andrés M. | Satoshi Club: Big amount, so the lottery is only for holders?
Gold Rocket | Satoshi Club: I really understand your delight 😁
Padrė: Yes, exactly. Just by owning FTN you are enrolled in an infinite amount of future lotteries but the prerequisite is that you have at least 1000 FTN tokens, however we will be updating that number to be dynamic based on the price per token in the near future.
Andrés M. | Satoshi Club: Well, guys @FortunDev @fortuntoken thank you for this introduction, are you ready to proceed with the community questions?👏
Fortun Token: Yeah I’m ready!
Padrė: yes for sure! 🙂
Q1 from Telegram User @andrey_seleznov
I read on your website that FTN holders will need a minimum of 1000 tokens in their wallet to be entered. No action is required from users in order to participate- simply hold FTN in your wallet. This is unusual, traditional lotteries require users to purchase tickets and proceedings are used to fill the pool. How do you fill the lottery pool without selling the tickets, just by transaction fees?
Fortun Token: Exactly! Our tokenomics fund the lotteries 100%. We have a 5% fee that goes to the jackpots for the tiers, meaning that all you have to do is buy once and pay the fee, and all future lotteries will be funded by people that will be trading FTN, either by buying or selling. We have also recently implemented a 5% LP acquisition fee to help stabilize our price and further benefit our holders. We definitely are unusual in that you only have to buy once to have an infinite lottery ticket, but that is the power of DeFi!
Padrė: But we are also rolling out with games in the near future (our first game is coming out next week!) which will have
a very small entrance fee to play.
Andrés M. | Satoshi Club: About it, could you share your tokenomics? How is the tokens distribution?
Any easter egg about it to share with us?😁
Fortun Token: Yeah, so as for the tokenomics we have been adapting to the needs of the market and the community. We now have a 5% fee that funds the jackpots, and a 5% fee that funds the LP. These are both to benefit holders of course. These are subject to change of course. We currently have 1500 holders already, and are slowly growing to 2500 so we can finally get listed on CMC/CG, so the growth has been steady.
Also remember, we are still on Pancakeswap version 1 so if you plan on investing it would be needed to use that version for now.
Padrė: The first game we have coming out is a numbers guessing game. You will have to guess a certain amount of numbers and will win FTN tokens based off of the number of correctly guessed numbers.
This will be a game playable by every member of the community regardless of how many FTN tokens you own and will have a small entrance fee and a large initial jackpot!
Gold Rocket | Satoshi Club: When are you planning to release?
Padrė: We will be rolling out the beta version next week 🙂
Andrés M. | Satoshi Club: Thank you guys for the clear answers, are you ready to proceed with the next question?
Gold Rocket | Satoshi Club: Perhaps you need beta testers?😉
Fortun Token :Haha, well the beta version will be completely functional but we might need to tweak some numbers in the future due to the fast-pace changing market.
Padrė: Yes, we are ready for the next questions!
Q2 from Telegram User @victorogb
Taking a detailed look at your road map, In Q4 2021 Fortun looks to incorporate and add new and fun games to it’s token to keep the community engaged and better promote and expand the use case and adoption of the FTN token. With that in place, what genre of games does Fortun intend unboarding, would the games operate more as gambling alternatives and would these games be available via multiple channels like web and mobile?
Padrė: We will be sticking to lottery and betting games — we think that’s where the most fun is. The games will be available on web and mobile 😀
Andrés M. | Satoshi Club: Great, the mobile app is ready?
Gold Rocket | Satoshi Club: Does this mean that you have already made a mobile application?
Padrė: It’s available online via mobile phones, so not an app but via a browser
Andrés M. | Satoshi Club: Oh got it, thanks for the clarification. Do you want to add something else before the next question?
Fortun Token: I would add that while we don’t currently have a mobile app in development, it will be a project that we will be working on in our updated roadmap since we believe a mobile application will extend our reach to new users.
But currently we are only available to use via browser 🙂
Andrés M. | Satoshi Club: Could you provide links?
Gold Rocket | Satoshi Club: Thank you very much for the clarification. Indeed, today a mobile phone is a full-fledged working tool.
Fortun Token: Yes of course, you can find our website here -> https://fortun.app/
Andrés M. | Satoshi Club: Thank you, let’s proceed with the next question, ready?
Fortun Token: Ready ^_^
Q3 from Telegram User @mm_carlos
HZN has announced that starting in August it will begin to develop the Beta version of a HZN gaming platform, I believe that this could considerably increase the value of HZN, what functions will this Beta version fulfill in terms of your products and how this will benefit the adoption of your token?
Fortun Token: Great question (although we are now FTN ^_^).
The beta version of our gaming platform would provide us with a whole new world of opportunites for holders, as well as a plethora of use-cases for FTN. The basic functionalities would include being able to use FTN to enter into the lottery games, thus increasing the volume of FTN. This will also allow us to have a more variable user base since the there will be more use-cases. So potential new users will have a larger range of choices in how they will be able to use FTN. This we hope will benefit the global exposure of FTN and help us grow to become the first global lottery system.
Gold Rocket | Satoshi Club: thank you very much for the information!
Andrés M. | Satoshi Club: How to buy FTN tokens?
Fortun Token: Currently we are only available to buy on pancakeswap version 1 -> Pancakeswap V1:
However, we will be updating our website in the near future to allow users to buy directly from our website!
Andrés M. | Satoshi Club: That’s great to deal with fees
Fortun Token: Well, the fees will still be there however it will be a lot easier to buy from our website 🙂
Andrés M. | Satoshi Club: Btw, the quantity of tokens to join the lottery will decrease if the price pump?
Fortun Token: Yes, we will be implementing a dynamic way to join the lottery. The price to join the lottery is subject to change and could be a fixed dollar value in the future to avoid problems with a fluctuating market.
Andrés M. | Satoshi Club: Thank you, let’s proceed with the next question
Gold Rocket | Satoshi Club:
Q4 from Telegram User @cryptofollower
I want to ask about governance about burning tokens from the transaction and the distribution time. On your twitter page it says 5% automatically removed from each transaction but on your website it says each transaction 10% automatically removed. Which one is the current burning rate? Also do community have any privilege about change the rates and the time?
Fortun Token: Right, we went through a lot of changes recently so we should be updating that on the Twitter shortly. We previously had a fixed 5% fee that funded the pot, but to increase price stability we added an additional 5% LP acquisition fee that is burned with each transaction. So to be clear, we have a 5% fund, 5% burn, totalling a 10% fee on each transaction.
And to answer the last part, yes absolutely. The community has been essential in coming up with new changes and fee alterations. We always take the community’s input where possible and truly take it to heart. After all, the community is what makes the token so special!
Gold Rocket | Satoshi Club: absolutely right! the community is the engine of the project.
Does community activity affect the final product?
Andrés M. | Satoshi Club: [ 🚀 Sticker ]
Padrė: Actually yes, in a big way! The community has helped us in more ways than one, in fact the Tier system and rebrand was all inspired by the community!
Andrés M. | Satoshi Club: So do you have different Telegram communities?
Fortun Token: Currently we only have the one official one (which had a name change) https://t.me/fortunchat
So beware of people that will try to use our old name to scam people!
Andrés M. | Satoshi Club:Let’s join Satoshiclubbers and be careful with fake groups 💪
Thank you guys for the answer, ready for the next question?
Padrė: ^_^ yes
Q5 from Telegram User @NataliyaKil
According to the HZN Weekly Update, you have seen a whopping increase in HZN holders. One method was to work with Torin Hoffmann to promote HZN’s brand through a youtube video. Can we see this video now?
And what other interesting methods of attracting users to the community do you use and what do you plan to implement in the near future?
Fortun Token: Yes before our rebrand we were promoted by the finance niche youtuber Torin Hoffman. We will probably be collaborating with him again so that people can see the new rebrand and updates we have achieved. The video is viewable here: https://www.youtube.com/watch?v=TUN2IN-LF9I
As far as other forms of promotion goes, we are currently being promoted on Poocoin.app! We plan on expanding our marketing campaigns now that we have almost finished our complete rebrand. This will include more youtube promotions, other coin promotion lists and much more!
Thank you very much for your reply! Ready for the final question of this part of the AMA?
Fortun Token: Ready!
Q6 from Telegram User @dfgflg
At the moment the minimum price is 1000 FTN to participate in the draws, which is around 150$. What will happen once the price increases and the minimum holding amount will be too expensive for regular users? How are you going to address that?
Gold Rocket | Satoshi Club: [ 🍾 Sticker ]
Fortun Token: Great question. We are very aware that there will be an increasing floor to enter the lottery, and we will are developing a dynamic way to solve this problem so that it is independent to the market cap. We are thinking of adding a minimum dollar value purchase for the ticket so that it will be based on a fixed value (for example 100$). Once entered of course, regardless if your ticket has reduced in value or increased you will still be eligible for the lottery 🙂
Andrés M. | Satoshi Club: Btw, until now how many winners have you had for lottery’s concept?
Fortun Token: We have had well over 150 winners since our inception 25 days ago.
Gold Rocket | Satoshi Club: Everything is absolutely clear to me! Before we get to the most impressive part of our AMA, you might want to share some useful links with our community.
Andrés M. | Satoshi Club: Amazing, we hope next winner will be from Satoshi Club community😁🥳
Gold Rocket | Satoshi Club: That sounds good👍
Fortun Token: Twitter: https://twitter.com/FortunBSC
Gold Rocket | Satoshi Club: Join Satoshi Clubbers🚀🚀🚀
Andrés M. | Satoshi Club: Now, is time to interact with our community members 😎
Gold Rocket | Satoshi Club: Let’s proceed to live part! Be ready to storm of questions🌪
Padrė: 150 winners and around $ 100k given out!
Gold Rocket | Satoshi Club: Wow! it’s incredible!
Part 2 — live questions from the Telegram community
Q1 from telegram username @surendra040
Before I buy your new FTN tokens why your project rebranded from Horizon? Why such a big changes ? Will you rebrand again and again?
Padre : Hey, great question! We rebranded from Horizon to Fortun (FTN) because there was already another token out there with the same name and ticker. We will not be changing our name and we will be sticking with Fortun (FTN) because it fits the theme we are going for (daily worldwide lottery) and it’s unique!
Q2 from telegram username @Zerojap
Hi guys, so how much is current value of the biggest possible jackpot? How many times can you win this jackpot everyday?
Padrė :Hey, love that question! The biggest jackpot is currently 5k FTN Tokens (~$1000.00) and you can win that up to 4 times a day!
Q3 from telegram username @BalancaSdF
Where on the website is the option to deposit FTN tokens and be a participant to win the jackpot?
Fortun Token: You do not need to deposit to our website to be entered. Simply buy on pancakeswap (version 1) a minimum of 1,000 tokens and you are entered automatically!
Q4 from telegram username @Mhtraders007
Are you still working on the mobile application or you only designed it for desktop users only because I tried to make use of the liquidity migrator tag on your website on my mobile phone but couldn’t connect to wallet on my mobile phone.
Fortun Token: We are thinking about working on a mobile application once we have gained more exposure and a more steady user base. Currently we are only available on desktop or the browser on a mobile phone.
Q5 from telegram username @centoscu
What happened to your old token HZN? What happened to its investors? Did you convert or swap their tokens?
Fortun Token:We are still the same token. the investors are the same! We did not convert or change anything, all that was done is a simple name change and rebrand of our token to better fit our future goals ^_^
Q6 from telegram username @Derazy
Instead of being lucky with opportunities to win the jackpot, which I think only factor of FORTUNE, is there any other way we can make income from FTN?
Fortun Token: In the near future we will release lottery games, betting for games and much more! So to answer that you will defintiely have many more ways of winning more FTN 🙂
Q7 from telegram username @BJosefina61
How many winners are there in each lottery, is there only one unique lottery system or several systems and winners?
Padrė: Hey, currently we have a tier based lottery system. The tier system is a way of having different lotteries for different groups of holders. The more FTN tokens you own, the more tiers you are eligible for, and the more lotteries you are enrolled in. Currently we have 3 tiers — Bronze, Silver, and Gold. We will probably be adding a Platinum tier in the future as well.
The requirements are: Bronze -> 1k tokens, Silver -> 2.5k tokens, Gold -> 5k tokens.
Each tier lottery pool is payed out 4 times a day (totalling 12 lotteries a day!!) and you are entered into these lotteries automatically and forever 🙂
Q8 from telegram username @mucana
Security has always been one of the biggest concerns in the crypto world. What kind of security protection does the HORIZON (FORTUN) platform have? How do you guarantee the security of customer assets?
Fortun Token: We value our investor security a lot, and for this reason we will be completing audits with Solidity.Finance in the near future to have a 3rd party review everything. Till now we have done thorough testing of each new development to ensure the safety of investors.
Q9 from telegram username @vedamatrix
Do I need to stake my FTN tokens for participating the lottery?
Fortun Token: Nope! No staking is required. Just buying it and owning the minimum amount of 1,000 tokens is enough ^_^
Q10 from telegram username @Lucas310
Where can I buy $ FTN tokens? and what is the advantage for me buying this token?
Fortun Token: You can buy here -> https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xd07cb33d1c9d75349eb72359022d7be5d8350c0a
The biggest advantage to buying is that you have an unlimited lottery ticket for the future! No need to buy them daily or weekly, you just buy and hold and wait 🙂
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
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