Forta
Crypto Overview
Overview
Forta is a decentralized monitoring network designed to detect threats and anomalies on blockchain networks in real-time. The project aims to provide security and operational monitoring for decentralized systems through a network of independent node operators running detection bots.
Intended Utility
The FORT token serves multiple purposes within the Forta ecosystem: It's used for staking by node operators to run detection bots, for governance of the protocol, and as a reward mechanism for node operators and detection bot developers who contribute to the network's security.
Actual Utility and Adoption
Forta has demonstrated significant real-world adoption and utility. The network currently monitors millions of transactions across multiple blockchains, including Ethereum, Polygon, and BNB Chain. Major DeFi protocols and Web3 projects actively use Forta's security services, including OpenZeppelin, Lido, and Compound.
Token Distribution and Governance
The token distribution includes allocations for the community (40%), core contributors (25%), early supporters (20%), and ecosystem development (15%). There are vesting schedules in place for team and investor allocations, with tokens releasing over multiple years, demonstrating a long-term commitment to the project.
Development Activity
The project maintains active development with regular updates to the protocol and detection bot ecosystem. The GitHub repositories show consistent contributions, and the team regularly publishes technical updates and documentation.
Revenue Model
Forta's revenue model is based on legitimate blockchain security services, avoiding any interest-based mechanisms or gambling elements. The model relies on node operators staking FORT tokens and earning rewards for running detection bots that provide actual security value to the network.
Crypto Impact
To assign a comfort level investing in Forta from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Forta.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.