Article Summary, Automatically Generated By AI
Summary of ForTube (FOR)
Overview
- ForTube is a decentralized crypto-finance service protocol that offers solutions for cross-platform asset transactions, cross-chain communications, and more.
- It was previously known as the Force Protocol and launched its DeFi service on Binance Smart Chain (BSC) in September 2020.
Founders
- Founded by Pete Mardell, who is also the CEO of the Force Protocol Foundation Ltd.
Unique Features
- ForTube Yield Farming is a DeFi bank that supports depositing and borrowing of cryptoassets.
- Users can earn through the Force Protocol
About ForTube: Empowering the Future of Decentralized Finance
Introducing ForTube (FOR): A Comprehensive Overview
ForTube, formerly known as the Force Protocol, is a comprehensive suite of decentralized crypto-finance service protocols built on an open-source blockchain. Its primary objective is to provide developers with a range of crypto-finance solutions, facilitated through its software development kit (SDK) and application programming interfaces (APIs), thereby empowering the development of decentralized applications (DApps).
The platform provides a comprehensive suite of solutions, encompassing cross-platform asset transactions, seamless cross-chain communications, innovative crypto-asset-backed stablecoin insurance, token board insurance, and efficient on-chain payments. The Force Protocol project constitutes a decentralized protocol layer, meticulously developed and managed by the esteemed Force Protocol Foundation Ltd.
In September 2020, ForTube unveiled its decentralized finance (DeFi) service, strategically situated on the Binance Smart Chain (BSC).
ForTube boasts a multitude of advantages, prominently featuring flexible support for a diverse array of globally popular cryptocurrencies, thereby facilitating higher-yielding combinations. Additionally, its cutting-edge algorithm and ledger structure have been meticulously designed to substantially minimize gas costs. Furthermore, ForTube’s robust technical framework is reinforced by highly secure smart contracts, ensuring a fortified foundation for its operations.
The Visionaries Behind ForTube: Meet the Founders
ForTube was originally conceived and managed by the Force Protocol Foundation Ltd., a pioneering entity founded by the visionary Pete Mardell, who also serves as the company’s chief executive officer. Notably, Mardell is an alumnus of Barnfield College, having graduated in 2004.
Unveiling the Unparalleled Attributes of ForTube
ForTube Yield Farming, a decentralized finance (DeFi) banking platform, was launched by ForTube and built upon the Force Protocol. This innovative platform facilitates the depositing and borrowing of diverse cryptoassets. Users are afforded the flexibility to deposit, withdraw, borrow, and repay at their convenience, with interest rates dynamically adjusted by the platform’s sophisticated algorithms.
As of March 2021, our supported token portfolio comprises USDT, USDC, HUSD, BUSD, DAI, HBTC, ETH, BNB, HT, and OKB. By providing liquidity for these tokens, users can earn rewards in the form of FOR, the ecological token of the Force Protocol.
This platform embodies the principles of permissionless, decentralized, and trustless architecture. Its transparency is ensured by the public audibility of all transactions. Furthermore, its fully programmable nature enables developers to infuse business logic into low-cost, interoperable financial services, thereby fostering innovation.
What Is the Circulating Supply of ForTube (FOR) Coins?
As of March 2021, ForTube (FOR) boasts a circulating supply of 438,000,000 tokens, with no maximum supply data available.
The ForTube Network’s Robust Security Mechanisms
The ForTube network has undergone a rigorous audit by SlowMist, a reputable blockchain security firm, and has successfully cleared all checks with flying colors.
ForTube 2.0 boasts a pioneering off-chain audit system, capable of conducting uninterrupted, rigorous examinations of smart contracts, thereby safeguarding users’ assets. This innovative architecture ensures seamless upgrades to various system modules, all within a decentralized governance framework that prioritizes security and adaptability.
Where to Acquire ForTube (FOR): A Comprehensive Guide
ForTube (FOR) is currently listed on a variety of prominent cryptocurrency exchanges, facilitating seamless trading opportunities.
- The esteemed Binance
- Huobi Global, a prominent player
- BiKi, a rising star
- Upbit, a stalwart in the industry
- BiONE, a notable exchange
Delve into the world of cryptocurrency with CoinMarketCap’s comprehensive guide, expertly crafted to walk you through the process of purchasing Bitcoin with ease.
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