ForTube, which was formerly called the Force Protocol, defines itself as a collection of distributed crypto-finance service protocols operating on an open-source blockchain. Its primary goal is to supply developers with crypto-finance tools via its software development kit (SDK) and application programming interfaces (APIs) for building decentralized applications (DApps).

The system provides services for cross-platform asset transfers, cross-chain messaging, insurance for crypto-asset-backed stablecoins, token board insurance, and on-chain payments. This decentralized protocol layer is created and overseen by the Force Protocol Foundation Ltd.

In September 2020, ForTube introduced its decentralized finance (DeFi) offering on the Binance Smart Chain (BSC).

The platform claims several benefits, such as adaptable support for widely used global cryptocurrencies that enable higher yield mixes, along with an enhanced algorithm and ledger design that substantially lowers gas fees. Additionally, it features a strong technical infrastructure with safer smart contracts.

The Force Protocol Foundation Ltd., which initially built and oversaw ForTube, was established by Pete Mardell. He also serves as the firm’s chief executive officer. Mardell completed his studies at Barnfield College in 2004.

Built on the Force Protocol, ForTube Yield Farming operates as a DeFi bank that facilitates the borrowing and depositing of cryptoassets. The system allows users to withdraw, deposit, repay, or borrow funds at any moment, with interest rates being automatically modified by the platform’s algorithms.

As of March 2021, the tokens supported are USDT, USDC, HUSD, BUSD, DAI, HBTC, ETH, BNB, HT and OKB. By supplying liquidity for these assets, participants can generate earnings via FOR, the ecological token of the Force Protocol.

The service is decentralized, permissionless and entirely trustless. It maintains transparency because every transaction is open to public audit. Furthermore, its fully programmable nature enables developers to embed business logic into financial services that are both interoperable and low-cost.

As of March 2021, the circulating supply of ForTube (FOR) stands at 438,000,000 tokens, while information regarding a maximum supply is not available.

SlowMist, a blockchain security company, conducted an audit of the ForTube network, and it successfully cleared every check.

ForTube 2.0 features a unique off-chain audit mechanism capable of continuously monitoring smart contracts to safeguard user funds. The platform employs a secure, upgradeable architecture that enables enhancements to different system components through decentralized governance.

You can trade ForTube (FOR) on these exchanges: