What is ForTube? ForTube (FOR), formerly known as Force Protocol, is a blockchain project that offers developers a crypto-finance protocol suite. In this article, you can find answers to frequently asked questions such as what ForTube is, what is FOR coin, how to get it, what is it used for. As Kriptokoin.com, we have prepared it for you. Let’s examine the project together.
What is ForTube?
Launched in 2020, ForTube is a Blockchain project focused on the crypto bond market and operating as a decentralized finance (DeFi) services provider. The native cryptocurrency of the project is FOR coin. Users can access transactions such as moving assets, cross-chain communication, token bonds and insurance to other blockchains through the platform. The platform aims to provide decentralized banking and bond services by changing the operating model of traditional banks.
In this context, users have the advantage of getting and giving loans through the platform. People who give loans to other users can earn on interest and collateral. Interest rates are automatically adjusted by the platform’s algorithms. Built on the Binance Smart Chain (BSC) blockchain, ForTube also offers a variety of products to developers. These products include the decentralized application (dApp) development suite and application programming interfaces (APIs). Developers can create crypto finance solutions with these tools.
What is FOR coin? What is it used for?
FOR coin is a token that works as the native cryptocurrency of the ForTube platform. There are versions of the token created with the ERC-20 and BEP-20 smart contract. The maximum supply of the token is capped at 1 billion units. Users who hold FOR, whose primary purpose is governance, gain various advantages within the network. FOR coin acts as the governance token of the platform. This means that FOR owners can participate in the management of the platform.
Users participating in governance can vote on planned changes to the project, each user has one vote. Besides, FOR is a staking token. Users holding FOR can lock their tokens into the platform’s liquidity pools for a certain maturity. Locked assets are returned to the user at maturity with additional token rewards. At the time of writing, FOR coin was the 702nd largest cryptocurrency with a market cap of around $26 million. In addition, 639.5 million tokens were in circulation, corresponding to 64% of the maximum supply.
How to get FOR coins?
To buy FOR coins, there must first be a cryptocurrency exchange where the token is listed. Currently FOR; It is listed by crypto exchanges such as Binance, Huobi Global, TokoCrypto, and Bitget. Investors interested in the ForTube project can purchase the token by subscribing to one of these exchanges and depositing money in their wallets.
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