What is Forta?

(Source: FortaNetwork)

Forta is a community-driven, decentralized real-time monitoring network designed to detect and report security events, abnormal transactions, protocol vulnerabilities, and fraudulent activities on the blockchain, functioning like a smart security system for Web3, safeguarding your assets and protocol security 24/7. The Forta network consists of two main roles:

1. Detection Bots

Each Detection Bot is like an “on-chain surveillance camera” responsible for a specific task, targeting:

• Common attacks (such as phishing, rug pull)
• Specific risks of the agreement (such as liquidation events on Lido, Compound)
• Abnormal user behavior (such as changes in trading patterns, large transfers)

Community developers can quickly create and deploy their own Bots through the Forta SDK or the graphical tool Bot Wizard.

2. Scan Nodes

These nodes run the logic detected by the Bot, regularly scanning blockchain data and reporting anomalies. The operation of the nodes determines the efficiency and security of the entire network, and is also key to the Forta economic model.

How does Forta work?

The detection bot is designed and launched by developers, deployed in the network, with nodes continuously scanning on-chain activities and executing bot logic to output abnormal detection results. Forta provides this threat intelligence to end users, including wallets, DeFi protocols, CEX, etc., and users can subscribe to Premium Feed as needed or receive notifications automatically through API (Email, Slack, Telegram, etc.). Currently, there are over 1000 bots online, widely used in key infrastructure such as L2 networks, RWA protocols, and DAO treasuries.

The application scenarios of Forta

The application of Forta has transcended the realm of pure security monitoring, becoming a part of the trust foundation for protocols, users, and investors:

• DeFi Risk Management: Large protocols such as Compound and Aave can use Forta to detect abnormal lending or liquidation events.
• Web3 Wallet Protection: Assisting users in identifying suspicious token authorizations or transactions.
• RWA regulatory compliance: providing on-chain transparency for real asset issuers.
• Fraud detection and reporting: Quick response to rug pulls and phishing websites.

The decentralized governance framework of Forta

To ensure that Forta remains open and neutral in the long term, its governance design emphasizes community participation and flexibility. The Forta Foundation, as an independent non-profit organization, helps facilitate the governance process. The governance structure consists of two core components:

1. Forta Proposal Process

A community-led proposal and voting process that allows anyone to submit a proposal and have FORT holders vote on it.

2. Forta Governance Council

Composed of initial representatives elected by token holders, responsible for preliminary rulings on major decisions, and accountable to the community. Its governance philosophy emphasizes:

• Initially simple, avoiding governance fatigue and speculative control
• Minimize intervention gradually over time, allowing the protocol to evolve naturally.
• All participants (not just token holders) can influence the direction of the network.

The tokenomics of Forta

The total supply of FORT is 1 billion tokens, with a distribution method prioritizing the community and long-term incentives. The specific token distribution is as follows:

Total community 45.5% includes:

• Airdrop: 4%
• Node operator reward: 0.2%
• Other community allocation: 2.2%
• Unallocated community resources: 39.1% (reserved for future community plans)

Initial Core Contributors 20%: Includes early developers and operators.

Backers 24.5%: Initial funders and strategic partners.

OpenZeppelin 10%: A reward for being one of the founding team members and contributors.

(Source: docs.forta)

Unlocking and Incentive Model

• Most communities and operational distributions adopt a long-term unlocking mechanism.
• Scan Node establishes an incentive chain with the Bot to encourage contributors to participate long-term.
• The initial circulation supply is limited, which is conducive to establishing a healthy token market dynamic.

The role and mechanism of the FORT token

FORT is the native utility token of Forta, designed to drive the operation and governance of the entire network using the Work Token model. Its main uses include:

1. Scanner Pool Staking

• Node operators need to stake a certain amount of FORT to have their nodes recognized by the network and receive tasks.
• If a node performs poorly (such as being offline or returning errors), it will face slashing (punitive reduction of the stake).
• Users can also delegate FORT to the node pool through the “Delegated Staking” mechanism and share rewards proportionally.

2. Detection Bot Staking

• Developers need to stake the Bot, representing their responsibility for the quality of the Bot, and serve as an economic mechanism against witch attacks.

3. Payment of data fees

• Users need to pay FORT when purchasing a regular subscription plan or Premium Feed.
• Feed owners can set whether to also accept USDC.

4. Gas Payment (Forta Chain)

• Transactions on Forta Chain (such as Attester or firewall operations) require FORT as the Gas fee.

5. Governance Rights

• FORT holders can participate in proposal voting to assist in decision-making, including: protocol upgrades, economic model adjustments, and node parameter changes.

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Summary

Forta is an indispensable part of the Web3 security system; it is not just a gatekeeper, but a self-evolving defensive fortress. In a world where chains are becoming increasingly complex and attack methods are evolving rapidly, the protocol’s autonomous defense capabilities represented by Forta will be the key force determining whether Web3 can truly become widespread. The $FORT token is the core value in this security revolution.