ForTube
FOR
Watchlist
₹0
LIVE
Watchlist
Price of FOR today
The current live price of FOR today is ₹0, with a 24-hour trading volume of ₹2,25,92,420.72. Our FOR to INR price is updated in real-time. FOR has seen a increment of 11.96% in the last 24 hours. With a live market cap of ₹29,77,58,819.94 , the circulating supply is at 795,000,000 FOR coins, with a maximum supply of 1,000,000,000FOR coins.
ForTube Price History
Date Comparison | Amount Change | % Change |
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Today | ₹0.00 | 0% |
7 Days | ₹0.00 | 0% |
30 Days | ₹0.00 | 0% |
1 Year | ₹0.00 | 0% |
ForTube Price Information
Price Change (1hr)
0%
Price Change (24hr)
0%
Price Change (7d)
0%
ForTube Market Stats
Market Cap
₹29,77,58,819.94
Fully Diluted Market Cap
₹37,45,39,395.95
24hr Volume
₹2,25,92,420.72
49.79%
Circulating Supply
795000000 FOR
Total Supply
1000000000 FOR
Things to know about ForTube
What is the token?
ForTube (FOR) is a governance token for the ForTube platform, a decentralized finance (DeFi) lending service developed by The Force Protocol. It is designed to provide users with decentralized lending services, supporting a wide range of popular digital assets. ForTube allows participants to deposit, withdraw, borrow, and repay anytime on a global scale. The platform aims to improve the capital efficiency of the cryptocurrency market through its algorithms and is governed by the ForTube DAO (Decentralized Autonomous Organization).
Tokenomics
Total Supply:
1 billion FOR tokens.
Governance:
FOR token holders can participate in the governance of the ForTube platform.
Utility:
FOR tokens are used within the ForTube ecosystem for various functions, including voting and paying interest.
Token Distribution:
The ForTube (FOR) token has a total supply of 1 billion tokens. The distribution of these tokens is strategically allocated to support the ecosystem’s growth and sustainability.
85% of the tokens
are dedicated to community programs. This large allocation towards community programs is indicative of ForTube’s commitment to fostering a strong and active community. The community program allocation is further divided into three parts:
30% for community ecosystem construction
: This portion is likely aimed at developing and expanding the ForTube ecosystem, including incentives for users and developers.
25% for The Force Protocol Foundation
: The Foundation is presumably responsible for the overall governance and strategic direction of the ForTube project.
30% for investors and community donations
: This allocation supports the platform’s growth by attracting investment and enabling community-driven initiatives.
The remaining 15%
is reserved for the founders and the development team as a reward for their efforts and to incentivize ongoing development and innovation within the ForTube platform.
Market Data
As of today #{today’s date}, the price of ForTube is ₹0 INR or #{coinPriceUsd} USD, with a 24-hour trading volume of 255281.59 USD. The market capitalization for ForTube is 3364506.44USD. The circulating supply is 795000000 ForTube, with the total supply also being 1000000000 ForTube.
Token Pros and Cons
Pros:
Decentralized Governance
: FOR token holders have the right to participate in the governance decisions of the ForTube platform.
Global Accessibility
: ForTube’s services are accessible globally, allowing users to interact with the platform from anywhere.
Support for Multiple Assets
: The platform supports a variety of popular cryptocurrencies, increasing its utility and user base.
Algorithmic Efficiency
: ForTube uses algorithms to improve capital efficiency within the crypto market.
Liquidity
: The platform provides liquidity to users by allowing them to deposit and borrow assets.
Cons:
Market Volatility
: As with all cryptocurrencies, FOR tokens are subject to high market volatility.
Regulatory Risks
: DeFi platforms face uncertain regulatory environments which could impact ForTube.
Smart Contract Risks
: Being a DeFi platform, there is always a risk of smart contract vulnerabilities.
Competitive Market
: The DeFi lending space is highly competitive, with many platforms vying for market share.
Adoption Rates
: The success of FOR tokens is heavily dependent on the adoption rate of the ForTube platform.
Why Should You Invest in the Coin?
Innovative DeFi Lending Platform
: ForTube is at the forefront of DeFi lending services, offering innovative solutions in the cryptocurrency space.
Strong Token Utility
: FOR tokens have multiple uses within the ForTube ecosystem, including governance and payment of interest, which could drive demand.
Global Reach
: The platform’s global accessibility could lead to widespread adoption and increased value of FOR tokens.
Continuous Development
: The ForTube team is actively developing the platform, which could lead to future growth and appreciation of the token.
Community Governance
: The decentralized governance model empowers users and could lead to a more robust and resilient platform.
USP of the Coin
APEC Technology
: ForTube utilizes the Assets Protected Elastic Contracts (APEC) in Solidity, ensuring asset security and component elasticity.
Decentralized Stablecoin Protocol
: The platform includes a reserve-type decentralized stablecoin protocol, adding to its uniqueness.
Algorithmic-Driven Services
: ForTube’s use of algorithms to drive its lending services sets it apart from traditional finance models.
Problem the Coin is Solving
ForTube addresses the inefficiency in the traditional financial lending market by providing a decentralized platform that allows for instant global transactions without the need for intermediaries. It also solves the problem of accessibility, as users can participate in lending services with a variety of cryptocurrencies.
Founder and Team Background
ForTube is a product of the Force Protocol Foundation Ltd., with Pete Mardell at the helm as the CEO and founder. Pete Mardell’s vision for ForTube is to encourage crypto investment in the DeFi sector by promoting a more inclusive and accessible financial ecosystem. The leadership of Pete Mardell suggests a focus on innovation and growth in the DeFi space.
The team’s efforts are directed towards achieving milestones such as the introduction of physical assets into the DeFi protocol, release of ForTube’s Versions 3.0 and 3.5, addition of a governance structure, and aggregation of farming functions.
ICO Price, Listing Date & Initial Allocated Units
The Initial Coin Offering (ICO) or Initial Exchange Offering (IEO) for ForTube (FOR) provided crucial funding for the project’s development and expansion. The IEO took place on April 22, 2019, with the token priced at $0.02. The event successfully raised $1 million, indicating strong investor interest and support for the project’s vision and potential. The ROI from the IEO was 1.57x, showing a positive return for early investors. Additionally, there was a private/pre-sale event on April 1, 2019, where the token was priced at $0.03, offering a slightly higher entry point for early backers. The ROI from the private/pre-sale was 1.05x.
Risks Associated in Investing in the Coin
Smart Contract Vulnerabilities
: Potential undiscovered flaws in smart contracts could lead to loss of funds.
Market Competition
: The DeFi lending space has many players, and ForTube must continuously innovate to stay relevant.
Liquidity Risks
: Changes in liquidity on the platform could affect the stability and value of FOR tokens.
Regulatory Changes
: Sudden regulatory shifts could negatively impact the operation of DeFi platforms like ForTube.
Adoption and Network Effects
: The value of FOR tokens is dependent on the network effect; if the platform fails to attract users, the token value could suffer.
Whitepaper Insights
The ForTube whitepaper outlines the vision and technical details of the ForTube DeFi lending platform. It begins with an introduction to ForTube, describing it as a decentralized cryptocurrency lending platform that allows users to deposit, withdraw, borrow, and repay anytime globally. The platform is governed by the ForTube DAO and is developed based on The Force Protocol, which is a set of DeFi technical components designed to overcome challenges faced in Ethereum DApp development.
The whitepaper details the DeFi technical components of ForTube, including the fundamental component known as APEC (Assets Protected Elastic Contracts). APEC is written in Solidity and is the core on-chain structure that ensures decentralization and asset ownership while allowing for adjustments and improvements. It is designed with asset security and component elasticity in mind, with three main characteristics: assets protected, logic upgradable, and component elastic.
ForTube’s platform includes several protocols, such as a fixed-term and interest rate crypto-asset lending service, a crypto lending protocol with current and variable interest rates driven by algorithms, and a decentralized stablecoin protocol. The whitepaper also discusses the three principles of DeFi financial security, emphasizing the importance of risk control, capital efficiency, and liquidity.
The governance of the platform is facilitated through FOR tokens, which allow users to participate in decision-making processes. The distribution plan for FOR tokens is also outlined, although specific percentages and allocations are not provided in the summary.
The whitepaper includes a research and development roadmap, indicating the future direction and planned improvements for the platform. References and further reading materials are provided at the end of the document.
Overall, the ForTube whitepaper presents a comprehensive view of the platform’s technical infrastructure, governance model, and future development plans, positioning it as a significant player in the DeFi lending market.
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Price as per 09:15 AM • 05 Nov 2024
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What is the price of ForTube (FOR)?
The current price of ForTube (FOR) in INR is ₹0 INR.
What is the current FOR market cap?
The current market capitalization of ForTube (FOR) is ₹29,77,58,819.94 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of FOR by the number of coins in circulation.
What is the current supply of ForTube (FOR)?
The current supply of ForTube (FOR) is 795000000 FOR. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of ForTube (FOR)?
The 24-hour trading volume of ForTube (FOR) in INR is ₹2,25,92,420.72. This figure represents the total value of all FOR transactions across various exchanges within the last 24 hours.
How to Buy ForTube (FOR) in India?
To buy ForTube (FOR) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in FOR.
Can I buy ForTube (FOR) with UPI?
Yes, you can buy ForTube (FOR) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert ForTube (FOR) to Indian Rupee (INR)?
To convert ForTube (FOR) to Indian Rupee (INR), you can use our FOR/INR conversion rates in real time.