Forta (FORT) coin online trading platform, detailed introduction to the total amount

FORT, the native token of Forta Network, serves as both a governance mechanism and a reward incentive for node operators contributing to the platform's decentralized security ecosystem.

Jan 01, 2025 at 01:20 am

Key Points:

• Forta Network Overview
• FORT Tokenomics and Distribution
• FORT's Role in the Forta Network
• Trading Platforms for FORT
• FORT Market Analysis and Recent Developments
• FORT Future Prospects
• FAQs

Forta Network Overview

Forta Network is a decentralized security platform for smart contracts. It leverages a global network of volunteer node operators to continuously monitor blockchain activity and identify anomalous or malicious behavior. Forta's mission is to provide real-time threat detection and prevention for DeFi, NFT, and Web3 applications.

FORT Tokenomics and Distribution

FORT is the native token of the Forta Network. It serves two primary functions:

• Governance: FORT holders have voting rights on protocol upgrades, fee structures, and other governance decisions.
• Rewards: Node operators are rewarded with FORT for monitoring the network and reporting security incidents.

FORT's total supply is 1 billion tokens, with an initial distribution as follows:

• Seed Sale: 5%
• Private Sale: 10%
• Public Sale: 25%
• Team and Advisors: 15%
• Ecosystem Growth: 20%
• Reserves: 25%

FORT's Role in the Forta Network

FORT fuels the Forta Network ecosystem in several ways:

• Incentivizing Node Operators: FORT rewards node operators for their contributions to network security and anomaly detection.
• Governance and Decision-Making: FORT holders participate in governance decisions, shaping the future of the platform.
• Staking and Reward Generation: FORT stakers earn additional FORT rewards for securing the network and supporting ecosystem development.

Trading Platforms for FORT

FORT is traded on several major cryptocurrency exchanges, including:

• Binance
• Coinbase
• FTX
• Kraken
• Uniswap

FORT Market Analysis and Recent Developments

Since its launch in 2022, FORT has experienced significant price volatility. Key developments influencing the token's market performance include:

• Growing demand for decentralized security solutions in the wake of major DeFi hacks.
• Strategic partnerships with industry leaders such as OpenSea and Chainlink.
• Expanding ecosystem and integration with leading Web3 platforms.

FORT Future Prospects

The future of FORT looks promising, driven by:

• Continued growth in the DeFi and Web3 markets.
• Increasing adoption of Forta Network's security services.
• Potential for new use cases and collaborations.

FAQs

When was FORT launched?

FORT was launched on December 8, 2022.

What is the total supply of FORT?

1 billion tokens.

What are the use cases of FORT?

Governance, node operator rewards, and staking.

Where can I buy FORT?

On major cryptocurrency exchanges such as Binance and Coinbase.

What is the role of node operators in the Forta Network?

Node operators monitor blockchain activity, detect anomalies, and report security incidents. They are rewarded with FORT for their contributions.

How does FORT participate in governance?

FORT holders have voting rights on protocol upgrades, fee structures, and other governance decisions.