The idea behind Fortis Oeconomia
Before we talk about Fortis Oeconomia, we must understand one very important aspect. The reason behind the wealth inequality that has been ongoing for thousands of years is the greed of mankind. By instinct, mankind search for ways to keep their belongings theirs for as long as possible. Some pharaohs once went to the extreme and we got to have beautiful remains of the past, and some men chose to look away once, chose to keep what is his, and nothing changed. It is because of this desire to possess and remain that people opt to leave their belongings to their kin; hoping to satisfy the consuming desire to an extent. But this satisfaction led to even greater hunger, growing and constructing the inequality of today.
The conventional and much unpractical method to solve this problem is of course to fight against one’s own basic instincts. But as Fortis, we exist to show that a financial system in which all can be equal is indeed possible without fighting back our instincts. One simply needs to look at the formation of sFOT to see how we do this. Which can be briefly explained in three steps. In the first step, users burn their FOT which has a deflationary mechanism, so they desist from FOT’s passive value increase. In the second step, users burn their bFOT, doing so they desist from bFOT’s potential usage benefits in sub-systems and defi. In the third and final step, users desist from their gFOT which has a lot of staking benefits. Basically, in this castle, you are not trading what you already have; you are trading what you might have. This is the marketplace for future possibilities.
Each time you burn FOT, in fact, you are trading FOT’s innumerable future possibilities with a tool that has a current usage (bFOT). Each time you burn bFOT, you are trading use case possibilities with a thing that has long-term benefits (gFOT). Each time you mint sFOT, you are trading future gains of gFOT with a simple money.
If anyone is in the opinion that the first comers would have an advantage over the ensuing users, I suggest they consider the value effect of the final burning FOT in the system. Each FOT equals thousands of possibilities and users use these possibilities to trade.
Regarding the sustainability of the system, unfortunately, nothing in this universe lasts forever; and the promise of the otherwise is a mere illusion. As we have been saying since the beginning, Fortis has a life expectancy of around 4–6 years. The system will expire the moment the last FOT burns. Our aim in this life-span is to give people the opportunity to open new doors they did not know even existed.
