What is the total circulation of Forta (FORT) coins?

FORT, the native token of the decentralized threat intelligence platform Forta, has a total circulation of 1 billion, distributed across various stakeholders such as the community reserve and early supporters.

Jan 05, 2025 at 09:03 am

Key Points:

• Forta (FORT) is a protocol for decentralized threat intelligence and security analytics.
• FORT is the native token of the Forta network.
• The total circulation of FORT is 1 billion.

Article:

Understanding Forta (FORT) and Its Total Circulation

1. Introduction to Forta

Forta is a decentralized threat intelligence and security analytics platform that empowers blockchain developers to detect and respond to security threats. It enables the creation of "detectors," which are custom-built rules that monitor on-chain data for suspicious activities.

2. Forta Token (FORT)

FORT is the native token of the Forta network. It serves several crucial functions within the ecosystem:

• Staking: FORT holders can stake their tokens to earn rewards and contribute to the security of the network.
• Governance: FORT holders have voting rights on protocol upgrades, detector approvals, and other network decisions.
• Incentivization: FORT rewards are distributed to individuals who create and maintain valuable detectors.

3. Total Circulation of FORT

The total circulation of FORT is 1 billion. The token distribution at launch was as follows:

• Community Reserve: 31.4%
• Team and Advisors: 20%
• Initial Forta Suppliers: 19.5%
• Ecosystem Reserve: 14.6%
• Community Development: 10%
• Early Supporters: 4.5%

4. Supply and Demand Dynamics

The supply and demand of FORT tokens are influenced by factors such as:

• Detector Adoption: Increased adoption of Forta detectors, especially those that detect critical vulnerabilities, will drive demand for FORT.
• Staker Participation: A high level of staker participation contributes to network security and can increase the value of FORT.
• Market Sentiment: Overall market sentiment towards blockchain security and the broader cryptocurrency market can impact the demand for FORT.

5. Future Outlook for FORT

The future outlook for FORT is positive due to several factors:

• Growing Demand for Security: The increasing complexity and value stored in blockchain networks create a growing demand for robust security solutions.
• Strong Ecosystem Support: Forta has a strong community of supporters, including leading blockchain security firms and research institutions.
• Innovative Technology: Forta's decentralized architecture and flexible detector framework provide a unique value proposition in the security market.

FAQs:

• Q: How can I purchase FORT tokens?
  A: FORT tokens can be purchased on several cryptocurrency exchanges, including Uniswap and Binance.
• Q: What is the current price of FORT?
  A: The current price of FORT can be found on cryptocurrency price tracking websites and exchanges.
• Q: How do I stake FORT tokens?
  A: FORT tokens can be staked through a decentralized application or a staking service provided by exchanges.
• Q: What is the purpose of detectors in the Forta network?
  A: Detectors are custom-built rules that monitor on-chain data for suspicious activities, providing real-time threat intelligence to blockchain developers and users.