Forta
Crypto Overview
Overview
Forta is a decentralized monitoring network designed to detect threats and anomalies on blockchain networks in real-time. The FORT token serves as the native token of the Forta Network, used for network security, governance, and incentivizing node operators.
Intended Utility
The primary purpose of FORT is to secure the Forta Network through a stake-based system where node operators must stake FORT tokens to run detection nodes. These nodes monitor blockchain activity and alert developers to potential security threats, unusual activity, or other specified conditions.
Actual Usage & Adoption
Forta has demonstrated legitimate utility and adoption: Over 400 detection bots are actively monitoring various blockchain networks, processing millions of transactions daily. Major blockchain projects including Lido, Compound, and Aave utilize Forta's security monitoring services.
Token Distribution & Governance
The token distribution appears reasonably balanced with a total supply of 1,000,000,000 FORT tokens: 15% allocated to the core team with a 4-year vesting period, 25% for ecosystem development, 35% for network incentives, and 25% for community governance. The vesting schedule and lock-up periods suggest a long-term commitment rather than short-term profit-taking.
Development Activity
The project maintains active development with regular updates to their technology stack. The GitHub repository shows consistent contributions and improvements to the network's infrastructure. The team prioritizes technical development over marketing activities.
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.