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What is Forta (FORT)?

Forta basic info

Name:Forta
Ticker:
Introduction:

What Is Forta?

Forta is a decentralized network designed to enhance security and operational efficiency in the blockchain ecosystem. It functions as a real-time monitoring layer, vigilantly scanning public blockchains for potential threats, anomalies, and noteworthy events. This innovative platform is particularly crucial in the rapidly evolving Web3 landscape, where security and timely detection of risks are paramount.

At its core, Forta is built around the concept of decentralized surveillance, akin to a vast network of digital security cameras. It leverages the collective efforts of a community of Web3 developers and security experts, who develop thousands of detection bots. Each bot is uniquely programmed to monitor specific on-chain activities, ranging from generic threats like phishing attacks and rug pulls to protocol-specific activities in various DeFi platforms. This collaborative approach ensures a comprehensive and dynamic defense mechanism against a wide array of digital threats.

Resources

Official Documents: https://docs.forta.network/en/latest/

Official Website: https://forta.org/

How Does Forta Work?

Forta's operational framework is centered on two primary components: detection bots and scan nodes. Detection bots are akin to digital sentinels, each crafted by developers to monitor specific conditions or activities on the blockchain. These bots vary in complexity; some may track simple conditions like large transactions, while others employ advanced heuristics and machine learning models to detect intricate scam activities. When a bot identifies its programmed condition, it emits an alert, signaling potential threats or noteworthy events.

To maintain network integrity and prevent malicious activities, developers are required to stake a minimum amount of FORT tokens on each detection bot they publish. This staking mechanism serves as an economic security measure, ensuring that bots contribute positively to the network. Bots failing to meet the minimum stake requirement remain inactive, thus safeguarding the network from spam or harmful bots.

Scan nodes, the second critical component, function as the backbone of the Forta Network. These nodes can be thought of as servers that provide the necessary infrastructure for running detection bots. They are responsible for supplying blockchain data to the bots and broadcasting any alerts generated. Anyone can operate a scan node, provided they stake the required amount of FORT tokens. This staking requirement holds node operators accountable and encourages them to act in the network's best interest. The Forta Network supports various EVM blockchains, including Ethereum, Polygon, and BNB Chain, with each scan node assigned a set of detection bots to manage.

What Is FORT Token?

FORT is the main token of the Forta Network, serving multiple essential functions. The token plays a pivotal role in the network's economic security model, where both scan node operators and detection bot developers must stake FORT tokens. This staking mechanism acts as a deterrent against malicious actions. FORT tokens are used in several ways within the Forta Network:

- Scanner Pool Staking: Operators must stake FORT tokens to make their pools discoverable and provide economic security for their work. Delegators can also stake on these pools, subject to similar rules and potential deductions if the pool is penalized.

- Detection Bot Staking: Developers stake FORT tokens on their bots, signaling quality and providing a resistance mechanism against Sybil attacks.

- Payment for Data and Services: Users who wish to access data from the Forta Network, including its General Plan or premium feeds, pay fees denominated in FORT tokens. This payment system ensures a consistent and integrated economic model within the network.

- Governance Participation: FORT token holders can engage in governance decisions, influencing the network's evolution and policies.

The total supply of FORT tokens is capped at 1 billion, with a significant portion held by the Forta Foundation for community allocation. This allocation supports various community initiatives, including rewards for node operators, grants for developers, and funding for academic research. Other allocations of FORT tokens are distributed among backers, initial core contributors, and OpenZeppelin, all subject to vesting periods and transfer restrictions to ensure long-term commitment and stability.

What Determines Forta’s Price?

The price of Forta's native token, FORT, like many cryptocurrencies, is influenced by a complex interplay of factors within the blockchain and cryptocurrency markets. Key among these is market demand and supply dynamics, a fundamental economic principle that also applies to digital assets. Demand for FORT is driven by its utility within the Forta Network, where it is used for staking by node operators and detection bot developers, paying for data services, and participating in governance decisions. As the Forta Network grows in popularity and usage, especially in the burgeoning field of blockchain security and monitoring, the demand for FORT is likely to increase, potentially driving up its price. Conversely, an oversupply or reduced demand, possibly due to emerging competitors or shifts in blockchain security trends, could lead to a price decline.

Another critical factor is investor sentiment, heavily influenced by the overall perception of the Forta Network's effectiveness and reliability in providing real-time security intelligence in the blockchain space. Positive developments, such as successful partnerships, technological advancements, or increased adoption by prominent blockchain projects, can bolster investor confidence, leading to price appreciation. On the other hand, negative news or security incidents within the Forta ecosystem could adversely affect investor sentiment, impacting the token's price. Additionally, broader market trends in the cryptocurrency sector, regulatory changes, and macroeconomic factors also play a significant role in shaping the price trajectory of FORT. As with any cryptocurrency, potential investors should be aware of the inherent volatility and conduct thorough research.

For those interested in investing or trading Forta, one might wonder: Where to buy FORT? You can purchase FORT on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

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Current price:
All-time high:$1.21
All-time low:$0.08138

FORT supply and tokenomics

Circulating supply:480,734,600 FORT
Total supply:1,000,000,000 FORT
Max supply:1,000,000,000 FORT
Market cap:$57.14M
Fully diluted market cap:$118.86M
Token allocation:
Unallocated FORT
39.10%
Backers
24.50%
Initial Core Contributors
20.00%
OpenZeppelin
10.00%
Airdrop
4.00%
Other Allocated FORT
2.20%
Node Runner Rewards
0.20%
Tokenomics:

Uniqueness

Forta comprises a decentralized network of independent node operators that scan all transactions and block-by-block state changes for outlier transactions and threats. When an issue is detected, node operators send alerts to subscribers of potential risks, which enables them to take action.

Leveraging Forta, developers can build detection bots and machine learning models, and run them on the decentralized Forta network to uncover anomalous activity on every blockchain transaction.

Forta will be secured and governed by smart contracts and the use of the $FORT utility and governance token.

Links

Buy Forta for $1Buy FORT now

What is the development prospect and future value of FORT?

The market value of FORT currently stands at $57.14M, and its market ranking is #617. The value of FORT is not widely recognized by the market. When the bull market comes, the market value of FORT may have great growth potential.

As a new type of currency with innovative technology and unique use cases, FORT has broad market potential and significant room for development. The distinctiveness and appeal of FORT may attract the interest of specific groups, thereby driving up its market value.

What will the price of FORT be in 2025?
Based on FORT's historical price performance prediction model, the price of FORT is projected to reach $0.1787 in 2025.
What will the price of FORT be in 2030?
In 2030, the FORT price is expected to change by +6.00%. By the end of 2030, the FORT price is projected to reach $0.2664, with a cumulative ROI of +124.80%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of FORT and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is FORT worth investing or holding? How to buy FORT from a crypto exchange?

If you want to buy FORT, the following information may be helpful for your investment decisions:
In the last 7 days, the price of FORT has fallen by -28.60%, leading to negative returns for most FORT investors. The market is currently pessimistic about the price trend of FORT.
It is important to note that the current price of FORT has retreated by -90.14% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether FORT is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in FORT or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of FORT, if you want to buy or sell FORT, you can consider Bitget for your trading needs. The best place to buy FORT is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Forta has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Forta. Here's a step-by-step guide on how to buy Forta on Bitget.

How to get Forta through other methods?

Using cash to buy Forta is not the only way to obtain Forta. If you have the time to spare, you can get Forta for free.
Learn how to earn Forta for free through the Learn2Earn promotion.
Earn free Forta by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Forta airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Forta through Bitget Convert, Bitget Swap, or spot trading.

What is Forta used for and how to use Forta?

The use case of Forta may expand as the crypto market and the project itself develop. Currently, you can use FORT to achieve the following goals:
Arbitrage by trading FORT: Since FORT is a frequently traded cryptocurrency, the price of FORT is always fluctuating. Earn more FORT by buying low and selling high on the exchange. Bitget spot market provides a variety of FORT trading pairs to fully meet your needs.
Earn by staking FORT: You can also generate income through financial management methods such as staking FORT or lending FORT. Bitget Earn offers a variety of financial products designed to help you earn more income from your FORT.
Send or pay FORT: If you want to give FORT to your friends, a charity, or a fundraiser, or you want to pay someone with FORT, you can quickly and easily send FORT to the recipient through their payment address.
You can also go to the official website of the Forta project to learn more about the use cases of FORT. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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