What is the distribution model of Forta (FORT) coins?

A comprehensive analysis of the FORT token allocation model shows that 40% of total supply is designated for network operations, development, and security research, incentivizing network growth and sustained stability.

Jan 05, 2025 at 10:02 pm

Key Points:

• Analysis of Forta's coin distribution model
• Examination of market data for FORT
• Evaluation of the token economics and community participation

Distribution Model of Forta (FORT) Coins

1. Purpose and Overview of FORT

• FORT is the native utility token of the Forta Network, a decentralized cybersecurity platform for blockchain networks.
• FORT serves as a means of rewarding users for contributing valuable data and security alerts to the network.
• Holders of FORT can stake their tokens to secure the network and earn rewards, as well as influence governance decisions.

2. Initial Token Distribution

• During the token launch in December 2021, 35% of the total FORT supply (350 million FORT) was distributed as follows:

  • 40% (140 million FORT) to the Network Reserve and Treasury
  • 20% (70 million FORT) to early investors and contributors
  • 20% (70 million FORT) to the Community Fund
  • 10% (35 million FORT) to the Forta Foundation
  • 10% (35 million FORT) to the Team and Advisors

3. Token Release Schedule

• The initial distribution is followed by a phased release schedule:

  • 45% of the Network Reserve and Treasury FORT is released linearly over 36 months, starting December 2021.
  • 50% of the Community Fund FORT is released linearly over 24 months, starting February 2023.
  • 100% of the Forta Foundation FORT is locked for 48 months, starting December 2021.
  • 100% of the Team and Advisors FORT is locked for 12 months, starting December 2021.

4. Token Allocation Breakdown

Network Reserve and Treasury:

• 40% of total supply
• Used for network operations, development, and security research

Community Fund:

• 20% of total supply
• Distributed to incentivize early adopters, contribute to network improvement, and support community initiatives

Forta Foundation:

• 10% of total supply
• Supports the long-term growth and sustainability of the Forta Network

Team and Advisors:

• 10% of total supply
• Compensates the founding team, early contributors, and advisors for their contributions

5. Tokenomics Analysis

• The supply of FORT is capped at 1 billion tokens.
• The distribution model aims to ensure sustained network growth, community engagement, and long-term stability.
• Staking FORT provides incentives for users to contribute to network security and stability while earning rewards.

6. Market Data for FORT

• Total Supply: 1 billion FORT
• Circulating Supply: 232 million FORT (as of October 2023)
• Trading Price (October 2023): $0.30
• Market Cap: $70 million

FAQs:

Q1. What is the total supply of FORT?
A1. The total supply of FORT is 1 billion.

Q2. What are the different categories of FORT token allocation?
A2. The token allocations include Network Reserve and Treasury, Community Fund, Forta Foundation, and Team and Advisors.

Q3. How long is the FORT Foundation allocation locked for?
A3. The Forta Foundation allocation is locked for 48 months, starting December 2021.

Q4. What is the purpose of staking FORT tokens?
A4. Staking FORT secures the network and allows users to earn rewards, participate in governance, and support network growth.

Q5. What is the current market cap of FORT?
A5. As of October 2023, the market cap of FORT is approximately $70 million.