To explore more about this project, take a detailed look into our analysis of ForTube .

Force Protocol Overview

Force Protocol, previously known as ForTube (FOR), is a suite of distributed crypto-finance service protocols that operates on an open-source blockchain. Its primary objective is to provide developers with crypto-finance solutions through its software development kit (SDK) and application programming interfaces (APIs) for decentralized application (DApp) development.

The platform offers solutions for cross-platform asset transactions, cross-chain communications, crypto-asset-backed stablecoin insurance, token board insurance, and on-chain payments. The Force Protocol project is a decentralized protocol layer developed and managed by the Force Protocol Foundation Ltd.

ForTube launched its decentralized finance (DeFi) service on the Binance Smart Chain (BSC) in September 2020.

ForTube offers many advantages, including flexible support for globally popular cryptocurrencies that provide higher yield combinations and an upgraded algorithm and ledger structure that significantly reduces gas costs. It also has a robust technical framework with more secure smart contracts.

Force Protocol Founders

Force Protocol was originally developed and managed by the Force Protocol Foundation Ltd., founded by Pete Mardell, who also serves as the company's chief executive officer. Mardell graduated from Barnfield College in 2004.

What Makes Force Protocol Unique?

Force Protocol's unique offering is ForTube Yield Farming, a DeFi bank based on the Force Protocol. ForTube supports the depositing and borrowing of cryptoassets, allowing users to deposit, withdraw, borrow, and repay at any time. The platform's algorithms automatically adjust the interest rates.

As of March 2021, the supported tokens include USDT, USDC, HUSD, BUSD, DAI, HBTC, ETH, BNB, HT, and OKB. Users can earn FOR, the Force Protocol's ecological token, by providing liquidity for the supported tokens.

This platform is permissionless, decentralized, and fully trustless. It is transparent as all transactions are publicly auditable. Additionally, it is fully programmable, allowing developers to code business logic into low-cost and interoperable financial services.

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Force Protocol Circulating Supply

Force Protocol (FOR) has a circulating supply of 438,000,000 tokens, and no maximum supply data is available as of March 2021.

Force Protocol Security

The Force Protocol network underwent an audit by the SlowMist blockchain security firm and passed all checks.

Force Protocol 2.0 features an original off-chain audit system that can perform uninterrupted audits of smart contracts to protect users' assets. It utilizes a safe and upgradeable system architecture that allows for the improvement of various system modules under a decentralized governance system.

Where to Buy Force Protocol

Force Protocol (FOR) can be traded on the following exchanges:

• Binance
• Huobi Global
• BiKi
• Upbit
• BiONE

Learn more about how to buy Bitcoin with our comprehensive guide on CoinMarketCap.