Forta (FORT) coin issuance price and quantity introduction

Forta's Initial Coin Offering (ICO) on Binance Launchpad released 200 million FORT tokens at $0.25 per token, representing 20% of the total supply.

Jan 05, 2025 at 03:20 am

Key Points:

• Unveiling the Initial Forta (FORT) Coin Issuance Price and Quantity
• Understanding Token Distribution and Allocation
• Exploring FORT's Initial Exchange Offering (IEO) and Pre-Sale Details
• Assessing the Potential Value and Future Prospects of FORT
• Exploring the Importance of Coinomics for Cryptocurrency Success

Initial Forta (FORT) Coin Issuance Price and Quantity

The initial issuance of FORT tokens occurred on the Binance Launchpad platform. During this event, FORT tokens were sold at a price of $0.25 per token. A total of 200 million FORT tokens were issued during the initial offering, accounting for 20% of the total supply.

Token Distribution and Allocation

The FORT token allocation is designed to support a diverse ecosystem, with tokens earmarked for various purposes, including:

• Network Infrastructure and Development: 40% of FORT tokens are allocated to support the development and maintenance of the Forta network, including research, infrastructure, and team expansion.
• Ecosystem Incentives: 30% of FORT tokens are reserved for incentivizing participants in the Forta ecosystem, including auditors, analysts, and the broader community.
• FTX Ventures: 10% of FORT tokens are allocated to FTX Ventures, the investment arm of the FTX Exchange.
• Founding Team and Advisors: 10% of FORT tokens are allocated to the founding team and advisors, recognizing their contributions to the project's development.
• Early Investors: 10% of FORT tokens are allocated to early investors, acknowledging their support and belief in the project's vision.

FORT's Initial Exchange Offering (IEO)

The Forta IEO took place on the Binance Launchpad platform on January 12, 2023. The IEO garnered significant interest from investors, as demonstrated by the massive oversubscription of the token sale.

Pre-Sale Details

Prior to the IEO, Forta conducted a pre-sale of FORT tokens to select investors. This pre-sale aimed to secure early support for the project and raise capital for its initial development.

Potential Value and Future Prospects of FORT

The potential value and future prospects of FORT hinge on several factors, including:

• Market Adoption: The adoption of the Forta network and its services will significantly impact the demand for FORT tokens.
• Ecosystem Growth: The growth and expansion of the Forta ecosystem, featuring auditors, analysts, and other community members, will enhance the token's utility.
• Network Security: The effectiveness and reliability of the Forta network in detecting and mitigating security vulnerabilities will bolster the value of FORT.
• Governance Participation: FORT holders will play a crucial role in shaping the future of the Forta network through governance mechanisms.
• External Factors: Market conditions, regulatory landscape, and global economic trends can also affect the value of FORT.

Importance of Coinomics for Cryptocurrency Success

Coinomics, the economics surrounding a cryptocurrency, plays a pivotal role in determining its success. Factors such as coin distribution, token supply, and issuance mechanisms influence the value and sustainability of a cryptocurrency. By carefully crafting coinomics, projects can create a balanced ecosystem that supports their long-term growth and value creation.

FAQs:

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

How many FORT tokens were issued during the initial offering?
200 million FORT tokens were issued during the initial offering.

At what price were FORT tokens sold during the IEO?
FORT tokens were sold at a price of $0.25 per token during the IEO.

Who received FORT tokens during the token allocation?
FORT tokens were allocated to the network infrastructure, ecosystem incentives, founding team, advisors, and early investors.

What factors will influence the future value of FORT?
Market adoption, ecosystem growth, network security, governance participation, and external factors will influence the future value of FORT.