ForTube Coin, defining itself as a package of distributed crypto-financial services protocols on an open-source Blockchain platform, and formerly known as The Force Protocol, is the native cryptocurrency of the platform. ForTube aims to provide crypto-financial solutions to developers through its SDK toolkit and APIs for DApp development.
The platform is known to offer solutions for cross-platform asset transactions, inter-chain communication, crypto asset-backed stablecoins, token bonds, and on-chain payments.
What is ForTube (FOR)?
ForTube (FOR) aims to provide decentralized lending services to crypto enthusiasts worldwide. According to announcements, ForTube has 2 products:
- Bank: With an algorithm-focused digital bank, users can deposit and withdraw money anytime and borrow with a planned repayment process.
- Bond: Through the platform, users can launch crypto bonds from a single point, thereby using ForTube as an investment platform. The platform offers advantages like easy issuance of bonds, flexible investment conditions, and free transfers.
In addition, the platform is accessible from anywhere in the world. Also, records are held on thousands of computers simultaneously instead of a central server. This aims to fully realize the concept of decentralization.
On the other hand, the fact that no third party is needed for transaction verification is considered a natural feature of cryptocurrencies. Moreover, all transactions can be audited publicly, thus achieving the goal of transparency.
Furthermore, according to statements about ForTube Bank, the platform is a DeFi bank initiated based on The Force Protocol. In the bank, deposit and borrowing interest rates are automatically adjusted by algorithms. Currently supported tokens include USDT, USDC, HUSD, BUSD, DAI, HBTC, ETH, BNB, HT, OKB. Users can provide liquidity with these tokens and proportionally receive Force Protocol ecological tokens.
Moreover, long-term enthusiasts of FOR can participate in the governance of the ForTube platform. Those participating in governance can receive ForTube platform fee sharing. To receive the ForTube platform governance token GFOR, which is given in a certain ratio to the total FOR locked in the ForTube Staking contract, FOR must be locked. GFOR can only be used for governance voting and burns when users use FOR.
FOR Coin Reviews
Looking at FOR Coin reviews, the platform seems to attract users especially as it serves as a bank. Its being a DeFi platform is also thought to have increased its popularity recently.
However, like almost every cryptocurrency, FOR Coin’s charts are seen as quite volatile. Therefore, while some investors prefer ForTube Coin, others are hesitant. For a clearer assessment of investor thoughts on ForTube (FOR), it may be useful to look at current figures.
At the time of preparing this article, according to CoinMarketCap data, FOR Coin is trading at $0.0205 and against Bitcoin (BTC) at 0.00000107 BTC. It is also noted that ForTube (FOR) is in the 562nd place with a market value of 8,984,137 USD and has been in the market for a long time.
Additionally, it is worth mentioning that ForTube Coin saw its lowest level at $0.0101 on January 1, 2020, and a record level of $10,1328 on September 11, 2020. According to CoinMarketCap data, 438,000,000 FOR coins are in circulation, and the total supply will be 1,000,000,000 FOR.
How to Buy ForTube Coin?
ForTube Coin can be purchased quickly, reliably, and easily through Binance, the largest cryptocurrency exchange by trading volume.
It is worth mentioning that FOR coin was listed on the Binance exchange on November 17, 2020. Currently, Binance users can trade in FOR/BTC and FOR/BUSD pairs.
