What is ForTube?
ForTube (FOR) is a suite of distributed crypto-finance service protocols that aim to provide crypto-finance solutions for decentralized application (DApp) development. It is an open-source blockchain platform that offers various solutions, including cross-platform asset transactions, cross-chain communications, crypto-asset-backed stablecoin insurance, token board insurance, and on-chain payments. The Force Protocol Foundation Ltd. manages and develops the decentralized protocol layer.
ForTube launched its DeFi service on the Binance Smart Chain (BSC) in September 2020, and since then, it has been providing flexible support for globally popular cryptocurrencies. It offers higher yield combinations and an upgraded algorithm and ledger structure that significantly reduces gas costs. Furthermore, it has a robust technical framework with more secure smart contracts.
The founder of ForTube, Pete Mardell, graduated from Barnfield College in 2004 and works as the company's chief executive officer. ForTube Yield Farming, a DeFi bank based on the Force Protocol, was launched by ForTube, allowing users to deposit, withdraw, borrow and repay cryptoassets at any time. The platform's algorithms automatically adjust the interest rates, and users can earn through the Force Protocol's ecological token FOR by providing liquidity for the supported tokens, which include USDT, USDC, HUSD, BUSD, DAI, HBTC, ETH, BNB, HT, and OKB.
One of the unique features of ForTube is that it is permissionless, decentralized, and fully trustless, making it transparent because all of the transactions are publicly auditable. Additionally, it is fully programmable, allowing developers to code business logic into low-cost and interoperable financial services.
In conclusion, ForTube is a crypto-finance platform that provides various solutions to developers through its software development kit (SDK) and APIs for DApp development. With its flexible support for popular cryptocurrencies and a robust technical framework, ForTube aims to be a leading DeFi service provider, empowering users to earn and manage their cryptoassets with ease.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free