Fortis

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  Prototype of the Fortis Exchange

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  V2 of Fortis Earn

There has been a lack of innovation in the traditional financial system. These financial entities subjugate their users to their control, meaning; that us, the banked do not really have full control or ownership of our money or identity. This made me realise that we needed a solution. To what extent can web3 and blockchain technology bring?

Fortis is in the process of being a decentralised, financial institution, without naming it "bank" "fintech" "neobank". We bring solutions to individuals and business owners seeking interest in blockchain/cryptocurrency technology, giving access worldwide including the unbanked.

We are aiming to build our ecosystem in the most user friendly experience, gathered with extensive research by our community. We aim to provide a unique experience that has never been felt before in this space in the most decentralised way possible. As well as prioritising our users identify and assets.

Due to the origin of our project, we had to create a hybrid way of linking fiat to crypto. This requires special licenses, so we can operate with fiat as this is compulsory by the governments. By applying to the EVMxIdeathon we are seeking funding in order to acquire these licenses and enable fiat integration to the platform.

Currently, Fortis has launched a community with over 500+ users, a native token called Fortis Coin that powers the ecosystem with over 1000+ holders, without the token being traded yet. We launched a staking platform where users can passively increase their tokens. As well as this, our block producer is based in Telos blockchain which enables us to connect to our dAPPs using our own API's. We also aim to launch Fortis Exchange which is a stable based on-ramp. This will initially work across the antelope collision, essentially allowing the projects of this collision list their tokens in the easiest way possible. These listed tokens will be able to be purchased with any stable coin in any chain. Therefore becoming a multichain on-ramp, with the intentions that if we succeed with the EVMxIdeathon application, we can get a step closed to incorporating fiat.

Creating a decentralised platform that fits the legal requirements by the governments isn’t easy. For now, we do not have the licenses to incorporate Fiat. However even without a license, we have been able to overcome this problem by incorporating multi-chain stable coin support. This allows us to operate without a license. Though, as soon as we acquire the license we can set up an update to add Fiat integration.

Despite all the challenges and market volatility we have continued to work on our roadmap.

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