Rank #638
5,819 people like this
fortube  (FOR)

ForTube (FOR)

$0.083185434990 3.9%
0.00000134 BTC -0.5%
0.00002147 ETH 3.1%
5,819 people like this
24H Range
Market Cap $46,614,043
24 Hour Trading Vol $144,627,602
Fully Diluted Valuation $82,690,354
Total Value Locked (TVL) $99,035,300
Fully Diluted Valuation / TVL Ratio 0.83
Market Cap / TVL Ratio 0.47
Circulating Supply 563,718,021
Total Supply 1,000,000,000
Max Supply 1,000,000,000
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ForTube (FOR) Price Chart

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FOR Price and Market Stats

FOR Price $0.083185434990
Market Cap $46,614,043
Market Cap Dominance 0.00%
Trading Volume $144,627,602
Volume / Market Cap 3.0946
24h Low / 24h High $0.077614710847 / $0.099237796813
7d Low / 7d High $0.077123295710 / $0.097738085801
Market Cap Rank #638
All-Time High $0.167203 -50.7%
Apr 12, 2021 (6 months)
All-Time Low $0.010186113207 709.8%
Dec 31, 2019 (almost 2 years)

ForTube Coin Price & Market Data

ForTube price today is $0.083185434990 with a 24-hour trading volume of $144,627,602. FOR price is up 3.9% in the last 24 hours. It has a circulating supply of 560 Million FOR coins and a total supply of 1 Billion. If you are looking to buy or sell ForTube, Binance is currently the most active exchange.

What is FOR?

FOR is the governance token for ForTube. 


How to obtain FOR?

FOR can be purchased from exchanges such as Binance or Huobi. You can find FOR trading on various centralized and decentralized cryptocurrency exchanges


What is ForTube?

fortube defi

ForTube is a part of The Force Protocol’s ecosystem, alongside Qian Protocol. ForTube is a decentralized lending protocol, similar to Compound and Aave. Currently, it has two main products: BANK and BOND. 

ForTube is operating two separate dapps in both Ethereum and Binance Smart Chain (BSC).


What is ForTube’s BANK?

BANK is a variable-term, variable-rate lending product that ForTube offers. It adopts an algorithm-driven interest rate model where the interest rate is adjusted automatically according to the asset’s supply and demand. Users can deposit into the BANK to earn variable interest rates or borrow from the BANK by paying variable interest rates. Only overcollateralized loans are supported now. 

The pledge rate refers to the proportion of loans obtained by pledging the assets as collateral. The minimum pledge rate requirement for borrowing on ForTube Bank is 150%. For example, with a pledge rate of 150%, a deposit worth $150 will allow the user to borrow at most $100.

Different assets have different pledge rates. As such, a health index shows the combined pledge rate for the various assets - the higher the health index, the lower the possibility of liquidation. If the health index goes below 1, liquidation of the user's assets will take place. 

Anyone can participate in the liquidation exercise. Liquidators will be allowed to redeem the liquidated tokens at a particular discount and then profit by selling the tokens at market price. Due to the inherent volatility in the crypto market, liquidators take on considerable liquidity risk.


What is ForTube’s BOND?

BOND is a fixed-term, fixed-rate lending product with a minimum issuance amount of $10,000. Issuers will have to get a credit rating before being listed on the ForTube’s platform. FOR token holders (60%) and professional raters (40%) will determine the issuers’ credit ratings. The table below shows the available ratings. 

fortube defi

All BONDs are over-collateralized or secured by a third party. Generally, if the issuer defaults, the liquidation of the collaterals is sufficient to repay all debts. However, there are still insolvency instances in extreme markets when investors are at risk of losing earnings or principal.

If the collateral depreciates by 20% in the bond’s duration, the debtor will receive a margin call. When the value of the collateral falls by 30%, the liquidation process will start. If the debtor cannot pay when the bond is due, liquidation of collateral will take place to pay off all debts and fees. Once liquidation has taken place, the debtor will receive any remaining balance. 

As of January 2021, only short-term bonds are available, with a duration of less than one month. 


How to become a professional rater for ForTube?

Professional rating agencies or individuals need to submit an application to the ForTube developer with materials that demonstrate professional competence and qualifications. Other than that, they will have to lock up 1 million FOR tokens. Lockup tokens are not retrievable during the rating period and for the duration of the BOND.

A rating service fee will be given to those that participate in the rating exercise - 60% to the community and 40% to professional raters. Only after the bonds are due for repayment and if the debt cannot be repaid, will the rating service fee be withdrawn.


ForTube News & Guides

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