Token Launch Sets Forta’s Permissionless Network in Motion
This week in Forta! Token launch sets Forta’s permissionless network in motion. The FORT token is now available on multiple centralized and decentralized exchanges. Enter the matrix, $4,000 in FORT offered to participants in simulation based bot development contest. a16z and other Forta community members create a framework for security focused smart contract development.
Token launch sets Forta’s permissionless network in motion. With June 15th’s launch of the FORT token, the Forta Network went permissionless. This launch is an important milestone because it removes the Forta Foundation as a gatekeeper and marks the transition to Forta’s next phase as a fully permissionless network featuring cryptoeconomic incentives. With the network launch, now is the perfect time to claim your tokens in the FORT Airdrop. Eligible criteria include: early adopters, Web3 GitHub contributors, Gnosis Safe signers, top smart contract deployers, and more.
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The FORT token is now available on multiple centralized and decentralized exchanges. You may now purchase and swap for FORT on exchanges like Coinbase, Uniswap and more. The FORT token allows you to participate in the Network in the following ways:
Operate a Scan Node with minimum stake to earn FORT token rewards
Stake FORT on Detection Bots to signal quality Bots for users
Participate in governance and shape the future of the Forta Network
Enter the matrix, $4,000 in FORT offered to participants in simulation based bot development contest. Forta’s detection bots are able to simulate attacks using a locally forked version of the blockchain using Ganache, a powerful tool for analysis. Based on a recent blog detailing a simulation of the Saddle Finance attack, Forta has launched a contest to incentivize the further development of bots that can produce relevant alerts while simulating the conditions of a real-world hack prior to on-chain execution.
a16z and other Forta community members create a framework for security focused smart contract development. In order to create more secure smart contract systems, developers need more secure foundations. In their checklist, a16z Crypto’s CTO and CISO collaborate with Forta contributors to define security best practices along the development lifecycle, which include real-time monitoring.
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