🏆Successes & Failures
What we've done well, what we need to do better.
Successes
The biggest and longest lasting success for Fortune Hunters is Cake of Fortune [COF]. This, our first ROI mining Dapp, was created in March 2022 and has had over 15,000 $CAKE injected into the contract using outside revenue, and at present has over 1200 $CAKE per month and should continue to do so. The Fortune Hunters [FH] team are currently finding new solutions in an attempt to increase this by safe means. Our second ROI Dapp is Elk Of Fortune [EOF]. This was built in April 2022 and is still running, just as is COF but by monitoring that the $ELK token price is decreasing drastically, it was decided that, instead of injections [benefitting mainly larger investors], we would implement Airdrops on a weekly basis direct to investors' wallets.
This gives investors further choice, instead of locking their funds in contract. After a brief trial period we have decided that we will continue to do this.
The Fortune Miner [TFM] is our youngest ROI Mining Dapp, launched on 24th Feb 2023. TFM utilises BNB, and is still paying a variable 3.3% APR daily.
The above NFTs were hosted here on Opensea. This is a temporary measure until we host them ourselves, from from the punitive measures and awful support service provided by Opensea. This transition will occur within the next few months. we have however successfully ported the old style of NFTs to a more modern version that is not locked into Opensea. These have been aptly named "FortuneHuntersRWA" Click here to see and buy these NFTs.
Failures
Fortune Hunters has experienced failures too, and has learnt much from the painful experiences. It is worth noting that these failures were not without degrees of success in the short to medium term.
Firstly was the Farm of Fortune [FOF] This was a static farm [meaning a fixed daily percentage payout]. The Dapp ran smoothly paying out for 120 days [a record for static farms at such time]. However on day 152 we sustained massive DDOS attacks.
This caused panic and triggered a bank run. This meant the Dapp could no longer keep up with the amount of BNB needed to pay out investors on a daily basis. In order to prevent complete TVL drain, and in an effort to protect later investors, the FH team took the decision to halt deposits, withdrawals and injections into the contract to save what was left.
Due to the general sentiment in DeFi, after many rug pulls and scams, we decided to give the FOF investors the opportunity to vote how to disburse the remaining funds. The community decided to take what was left at that time and move on (meaning many would not make full ROI), What followed was a host of extensive calculations carried out, and each valid refund was given 27.1% on top of any ROI they had already taken.
This was failed project, however there were many successes within it.
It is still to this date the longest running ROI Dapp that paid 2% daily for 160 days consecutively.
Our second Failure was the Mischief of Fortune [MOF] This was another Static Farm ROI Dapp paying out 1% Daily in USDC. This launched on the 2nd Jan 2023. This Dapp ran for 5 months approx, before TVL was drained naturally on 22 May 2023. This was in the wake of the closure of FOF and very low market sentiment causing a fatal lack of trust in our ROI Dapps, and the outgoings could not be covered by the external revenue generated by the pools in Pancake Swap.
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