ForTube

FOR Price

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 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. 

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.

Where can you buy ForTube?

FOR tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade ForTube is Gate.io, where the most active trading pair FOR/USDT has a trading volume of $36,287.17 in the last 24 hours. Other popular options include LATOKEN and PancakeSwap (v2).

What is the daily trading volume of ForTube (FOR)?

The trading volume of ForTube (FOR) is $49,585.43 in the last 24 hours, representing a 20.80% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for ForTube (FOR)?

ForTube (FOR) reached an all-time high of BTC0.00001285 and an all-time low of BTC0.0₈9155. It’s now trading -99.40% below that peak and 18.20% above its lowest price.

What is the market cap of ForTube (FOR)?

Market capitalization of ForTube (FOR) is BTC5.3977 and is ranked #4317 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FOR tokens (560 Million tokens are tradable on the market today).

What is the fully diluted valuation of ForTube (FOR)?

The fully diluted valuation (FDV) of ForTube (FOR) is BTC9.5752. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion FOR tokens are in circulation today. Depending on how the emission schedule of FOR tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of ForTube compare against its peers?

With a price decline of -10.20% in the last 7 days, ForTube (FOR) is underperforming the global cryptocurrency market which is down -2.20%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add ForTube (FOR) to MetaMask?

Adding ForTube (FOR) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import FOR as a token. You can copy FOR’s contract address (0x1fcdce58959f536621d76f5b7ffb955baa5a672f) and import it manually, or if you've installed MetaMask's chrome extension, add FOR to MetaMask with one click on CoinGecko.

Add FOR to MetaMask.