What is the issuance price and issuance volume of Forta (FORT) coins?

Fort's public sale, at $0.15 per token, raised 24.4% of its 18.2 million circulating supply (115 million of 473.5 million).

Jan 01, 2025 at 01:50 am

Key Points:

• Forta Coin's Issuance Price and Volume
• Distribution of FORT Tokens
• Use Cases and Value Proposition of FORT
• Benefits of Staking FORT
• Forta's Partnerships and Ecosystem
• FORT Coin Market Performance
• FAQs on Forta Coin

1. Forta Coin's Issuance Price and Volume

Forta's native token, FORT, was launched through a public sale on October 27, 2022. The public sale offered 115 million FORT tokens, representing approximately 11.5% of the total supply. The issuance price of FORT was $0.15 per token.

In addition to the public sale, Forta allocated 4 million FORT tokens (4%) to its seed round and 5.5 million FORT tokens (5.5%) to its private round. The remaining 89%, or 790.5 million FORT tokens, are reserved for the Forta Protocol, team, ecosystem development, and the community.

2. Distribution of FORT Tokens

• Public Sale: 11.5%
• Seed Round: 4%
• Private Round: 5.5%
• Forta Protocol: 54%
• Team: 14%
• Ecosystem Development: 8%
• Community: 3.5%

3. Use Cases and Value Proposition of FORT

FORT is a utility token that empowers the Forta Network. It serves several key use cases:

• Incentivizing Detection and Reporting: FORT rewards users who contribute to the Forta Network by detecting and reporting security incidents. This incentivization model promotes early identification and mitigation of threats.
• Governance: FORT holders can participate in the governance of the Forta Network. They have the power to propose and vote on changes to the protocol, fee structure, and other key parameters.
• Detection Escrow: A portion of the protocol fees generated by Forta are held in escrow. This escrow is backed by FORT tokens and ensures the reliability and quality of the network's detection capabilities.

4. Benefits of Staking FORT

Staking FORT provides several benefits to holders:

• Increased FONT Rewards: Staking FORT allows users to earn additional FONT tokens, which are used to reward users for contributing to the network.
• Enhanced Detection Quality: Stakers have a vested interest in the quality of the Forta Network's detection capabilities. This incentivizes them to report high-quality detections and maintain the integrity of the protocol.
• Governance Participation: Staking FORT also grants users voting rights in the governance of the Forta Network. They can participate in decision-making and shape the future direction of the protocol.

5. Forta's Partnerships and Ecosystem

Forta has established strategic partnerships with several leading blockchain and Web3 organizations, including:

• OpenZeppelin
• Chainlink
• Alchemy
• Etherscan
• Polygon
• Harmony

These partnerships enhance the integration of Forta's detection capabilities with various blockchain and Web3 platforms, expanding its reach and impact.

6. FORT Coin Market Performance

Since its launch in October 2022, FORT has experienced significant price volatility. It initially surged to a high of $0.75 before falling back to its current price range of $0.40-$0.50. The price of FORT is influenced by factors such as market sentiment, adoption of the Forta Network, and overall cryptocurrency market conditions.

FAQs on Forta Coin

What is the total supply of FORT tokens?
890 million FORT tokens

What is the current price of FORT?
Approximately $0.45

Where can I buy FORT tokens?
FORT is available on several cryptocurrency exchanges, including Binance, Coinbase, and KuCoin.

How do I stake FORT tokens?
FORT tokens can be staked through the Forta Network's website or through third-party staking providers.

What are the rewards for staking FORT tokens?
Increased FONT rewards, enhanced detection quality, and governance participation.