Introduction to several methods to obtain Forta (FORT) coins

By participating in liquidity mining, you can acquire FORT tokens by providing liquidity to decentralized exchanges that support FORT trading.

Jan 07, 2025 at 12:54 pm

Introduction to Several Methods to Obtain Forta (FORT) Coins

Key Points:

• Obtain FORT through direct purchase on cryptocurrency exchanges
• Earn FORT as rewards for participating in the network as a Node Operator or FORT Stacker
• Acquire FORT through liquidity mining or yield farming
• Participate in bounty programs or airdrops

1. Purchase FORT on Cryptocurrency Exchanges

Forta (FORT) is available for purchase on several cryptocurrency exchanges, including:

• Binance
• Huobi Global
• OKX
• Kraken
• Coinbase Pro

To purchase FORT on an exchange:

• Create an account with the exchange
• Fund your account with a supported currency or cryptocurrency
• Place a buy order for FORT, specifying the amount and price you are willing to pay
• Once your order is filled, the FORT coins will be credited to your exchange wallet

2. Earn FORT as Rewards for Network Participation

Node Operators:

• Node Operators monitor the Ethereum network for security threats and submit alerts to the Forta network
• As compensation for their services, Node Operators receive a portion of the FORT emitted by the network each epoch
• To become a Node Operator, you must stake a minimum amount of FORT and run a Forta Node software

FORT Stackers:

• FORT Stackers provide collateral to support the Node Operators and ensure the integrity of the network
• In return for staking their FORT, Stackers receive a portion of the FORT emissions and a percentage of the revenue generated by the network
• To become a FORT Stacker, you must stake a minimum amount of FORT in a designated staking pool

3. Acquire FORT through Liquidity Mining or Yield Farming

• Liquidity Mining: Providing liquidity to decentralized exchanges that support FORT trading
• Yield Farming: Staking FORT and other cryptocurrencies in liquidity pools and earning rewards in the form of FORT tokens
• To participate in liquidity mining or yield farming, you must have a compatible cryptocurrency wallet and select a liquidity pool that supports FORT and other eligible assets

4. Participate in Bounty Programs or Airdrops

• Bounty Programs: Participating in tasks or challenges set by the Forta team and earning rewards in the form of FORT tokens
• Airdrops: Free distributions of FORT tokens to promote the project and attract users
• To participate in bounty programs or airdrops, monitor the Forta community channels for announcements and instructions

FAQs

What is the circulating supply of FORT coins?

As of January 2023, the circulating supply of FORT coins is approximately 19 million.

What is the total supply of FORT coins?

The total supply of FORT coins is unlimited, with emissions controlled by the network's monetary policy parameters.

What is the current price of FORT coins?

The current price of FORT coins can be checked on cryptocurrency exchanges or market data tracking websites.

Where can I store my FORT coins?

FORT coins can be stored in cryptocurrency wallets that support ERC-20 tokens, such as MetaMask, Trust Wallet, and Ledger.

What are the use cases of FORT coins?

FORT coins are used for:

• Staking by Node Operators and FORT Stackers
• Payment for network services
• Governance and participation in network decision-making
• Rewards for bounty programs and airdrops