Forta
Price live today, Analysis, Charts & Ratings for Forta (FORT)
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The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. AssetCrypto does not recommend that any cryptocurrency should be bought, sold, or held by you.
Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Forta Ratings Score
Forta Price live today
Forta (FORT) is currently trading at 0.146616 USD and with a circulating supply of 218,861,790 FORT.
Its market capitalization is 32,127,866 USD.
FORT price has moved -0.23% in the last 24 hours, with 781,454 USD worth of FORT traded on various exchanges.
Forta currently ranks #555 in cryptocurrency rankings based on market capitalization.
Its market capitalization is 32,127,866 USD.
FORT price has moved -0.23% in the last 24 hours, with 781,454 USD worth of FORT traded on various exchanges.
Forta currently ranks #555 in cryptocurrency rankings based on market capitalization.
About Forta (FORT)
The FORT token is an ERC-20 token running on the Ethereum network.
The use cases of the token are:
1) Node Runner Staking. Node runners must deposit FORT Tokens to provide economic security for the work they are performing, since the staked FORT can be slashed if a node fails to execute their assigned work or performs their work maliciously. Once FORT is staked, it may only be withdrawn subject to a thawing period, which provides ample opportunity for verification and dispute resolution. Active node operators may earn rewards in FORT from the Network if they maintain the minimum stake and emit alerts and execute their assigned work correctly.
2) Delegated staking: FORT holders have the possibility to delegate to scan node pools. This action improves the security of the network and enables delegators to participate in the rewards distribution.
3) Minimum Bot Stake Requirement. The purpose is to protect the network from spam and malicious bots. Therefore there is a minimum stake required (100 FORT) for any detection bot to execute on the Forta network.
4) Governance. While Forta is continuing to develop, including further evolution of community governance, it is crucial to maintain stability for Forta users that are relying on the Network’s real-time monitoring. For that reason, Forta intends to decentralize governance over the Network progressively, beginning with a period of Council governance, where FORT holders are able to participate and vote to express their opinion and shape the evolution of Forta via Snapshot Voting.
The use cases of the token are:
1) Node Runner Staking. Node runners must deposit FORT Tokens to provide economic security for the work they are performing, since the staked FORT can be slashed if a node fails to execute their assigned work or performs their work maliciously. Once FORT is staked, it may only be withdrawn subject to a thawing period, which provides ample opportunity for verification and dispute resolution. Active node operators may earn rewards in FORT from the Network if they maintain the minimum stake and emit alerts and execute their assigned work correctly.
2) Delegated staking: FORT holders have the possibility to delegate to scan node pools. This action improves the security of the network and enables delegators to participate in the rewards distribution.
3) Minimum Bot Stake Requirement. The purpose is to protect the network from spam and malicious bots. Therefore there is a minimum stake required (100 FORT) for any detection bot to execute on the Forta network.
4) Governance. While Forta is continuing to develop, including further evolution of community governance, it is crucial to maintain stability for Forta users that are relying on the Network’s real-time monitoring. For that reason, Forta intends to decentralize governance over the Network progressively, beginning with a period of Council governance, where FORT holders are able to participate and vote to express their opinion and shape the evolution of Forta via Snapshot Voting.