Forta (FORT)

The FORT token is a digital currency operating as an ERC-20 token on the Ethereum network. It is integral to the Forta ecosystem, a network focused on real-time monitoring and threat detection. The FORT token serves several essential functions within this network, including node runner staking, delegated staking, minimum bot stake requirements, and governance. These use cases are designed to ensure the security, stability, and decentralized governance of the Forta network.

Use cases of the FORT token

Node runner staking

One of the primary use cases of the FORT token is node runner staking. Node runners are required to deposit FORT tokens to provide economic security for their operations. The staked FORT tokens act as a collateral that can be slashed if a node fails to fulfill its assigned tasks or engages in malicious activities. This staking mechanism ensures that node operators are accountable for their performance. Once the FORT tokens are staked, they can only be withdrawn after a thawing period, allowing time for verification and dispute resolution. Active node operators who maintain the minimum stake and execute their tasks correctly can earn rewards in FORT tokens from the network.

Ticker	FORT
Category	Artificial Intelligence (AI)
Website	https://forta.org/
Twitter	@FortaNetwork
Contract Addresses
ethereum	0x41...92
polygon-pos	0x9f...1e

Delegated staking

FORT token holders have the opportunity to participate in delegated staking by delegating their tokens to scan node pools. This process enhances the security of the network and allows delegators to share in the rewards distribution. By delegating their FORT tokens, holders contribute to the overall robustness and reliability of the Forta network, making it more resilient to threats and operational challenges.

Minimum bot stake requirement

To protect the Forta network from spam and malicious bots, there is a minimum stake requirement for detection bots. Each bot must stake at least 100 FORT tokens to operate on the Forta network. This requirement helps ensure that only serious and legitimate bots participate in the network, thereby maintaining the integrity and security of the monitoring activities performed by the network.

Governance

Forta aims to decentralize its governance progressively, starting with a period of Council governance. FORT token holders play a crucial role in this process by participating in governance activities. Through Snapshot Voting, token holders can express their opinions and influence the evolution of the Forta network. This decentralized governance structure is intended to maintain stability and adapt to the needs of Forta users relying on the network's real-time monitoring capabilities.