Forta (FORT) coin issuance price, total amount and white paper introduction

With a capped total supply of 1 billion FORT tokens, the Forta Network aims to ensure the token's scarcity and maintain its value over time.

Jan 07, 2025 at 03:08 pm

Forta (FORT) Coin Issuance Price, Total Amount, and White Paper Introduction

Key Points:

• Forta Network is a decentralized security platform that enables anyone to contribute to securing and monitoring blockchains.
• FORT is the native token of the Forta Network and is used to reward node operators, protocol developers, and analysts.
• Forta's total supply is 1 billion tokens, with an initial circulating supply of 200 million tokens.

Coin Issuance Price

The initial issuance price of FORT was not specified in the white paper or any official announcements from the Forta team. The token was initially distributed through a series of private and public sales, with the price determined by each individual sale.

Total Amount

The total supply of FORT is capped at 1 billion tokens. This supply limit is designed to ensure the scarcity and value of the token over time.

White Paper Introduction

The Forta white paper provides a detailed overview of the Forta Network and the FORT token. The white paper covers the following topics:

• Problem Statement: The white paper begins by outlining the challenges faced by blockchain security, including the lack of transparency, scalability, and customization.
• Solution: The Forta Network is presented as a solution to these challenges by providing a decentralized platform for security monitoring and analysis.
• Tokenomics: The white paper describes the tokenomics of the FORT token, including its issuance price, total supply, and distribution.
• Technical Overview: The white paper provides a technical overview of the Forta Network, including its architecture, consensus mechanism, and node types.
• Use Cases: The white paper explores the various use cases for the FORT token, including rewards for node operators, protocol developers, and analysts.
• Roadmap: The white paper outlines the roadmap for the Forta Network, including future plans for development and growth.

Frequently Asked Questions

What is the purpose of the FORT token?

The FORT token is the native token of the Forta Network and is used for the following purposes:

• Rewarding node operators: Node operators earn FORT tokens for providing computing resources to the network.
• Incentivizing protocol developers: Protocol developers earn FORT tokens for creating and maintaining security detection bots.
• Rewarding analysts: Analysts earn FORT tokens for contributing insights and analysis to the network.

What is the total supply of FORT?

The total supply of FORT is 1 billion tokens.

How is the FORT token distributed?

The FORT token is distributed through a combination of private and public sales. The initial distribution was through a private sale, with the remaining tokens being distributed through subsequent public sales.

Where can I buy FORT tokens?

FORT tokens can be purchased on various cryptocurrency exchanges, including Binance, Coinbase, and FTX.

What is the future of the FORT token?

The future of the FORT token is tied to the success of the Forta Network. If the Forta Network is able to become a widely adopted platform for blockchain security, then the value of the FORT token is likely to increase.