What is the circulating supply of Forta (FORT) coins?

The circulating supply of FORT, the native token of the Forta Network, is determined by factors such as token releases, burns, staking, and adoption, with approximately 21 million FORT tokens in circulation as of January 2023.

Jan 04, 2025 at 02:28 am

Key Points:

• Forta Network and FORT Token Overview
• FORT Tokenomics and Circulation
• Factors Influencing FORT Circulating Supply
• Determining FORT Circulating Supply
• Strategies for Monitoring FORT Circulating Supply
• FAQs on FORT Circulating Supply

Forta Network and FORT Token Overview:

Forta Network is a decentralized security platform that enables cybersecurity researchers to build and share open-source detection bots. These bots monitor blockchain activity for potential security threats, providing real-time alerts and insights to users. FORT is the native token of the Forta Network, used for governance, incentivizing security research, and facilitating network operations.

FORT Tokenomics and Circulation:

• Total Supply: 100 million FORT tokens
• Circulating Supply: Approximately 21 million FORT tokens (as of January 2023)

• Token Distribution:

  • 30% Ecosystem Fund
  • 25% Strategic Sale
  • 20% Team and Advisors
  • 15% Community Sale
  • 10% Token Generation Event

Factors Influencing FORT Circulating Supply:

The circulating supply of FORT can be influenced by several factors:

• Token Release Schedule: The release of new FORT tokens according to the vesting schedule for investors, team members, and advisors.
• Token Burns: The periodic burning of FORT tokens by the Forta team to reduce supply and balance economics.
• Staking: The locking of FORT tokens in nodes to participate in network operations and earn rewards.
• Adoption and Use: The increasing adoption of the Forta Network and utilization of FORT tokens for governance and other purposes.

Determining FORT Circulating Supply:

The circulating supply of FORT can be determined by subtracting the total supply locked in staking or frozen due to vesting schedules from the total supply:

Circulating Supply = Total Supply - Staked Tokens - Vested Tokens

Strategies for Monitoring FORT Circulating Supply:

• Official Sources: Track announcements and updates from the Forta team regarding token releases and burns.
• Blockchain Explorers: Monitor the movement of FORT tokens on blockchain explorers to track changes in the circulating supply.
• Third-Party Data Providers: Utilize platforms like CoinMarketCap and Coingecko to access real-time circulating supply data.

FAQs on FORT Circulating Supply:

• What is the current circulating supply of FORT?

As of January 2023, the circulating supply of FORT is approximately 21 million tokens, subject to changes due to factors mentioned above.

• How does the FORT release schedule affect circulating supply?

The scheduled release of tokens to investors and the team over time gradually increases the circulating supply.

• What is the impact of token burns on circulating supply?

Token burns permanently remove FORT tokens from the total supply, effectively reducing the circulating supply and potentially increasing the value of remaining tokens.

• How does staking impact circulating supply?

FORT tokens staked in nodes are locked and not actively traded, reducing the circulating supply until they are released.

• How can I track the circulating supply of FORT?

Official sources, blockchain explorers, and data providers offer various methods to monitor the circulating supply of FORT.