1. Basic Information
Full name: Force Protocol
English abbreviation: FOR
Type: DeFi token, based on the OKExChain ecosystem
II. Project Background
FOR tokens are the underlying tokens of Force Protocol, a project that aims to build a decentralized global financial services network. The protocol is based on the mainstream public chain system and the underlying cross-chain protocol, and realizes decentralized applications in various financial scenarios through smart contracts. FOR tokens play a vital role in the project and are the core of the ecosystem operation.
3. Technical Features
DeFi technical components: The Force Protocol proposes three major DeFi technical components: basic components, extension components, and financial components, collectively referred to as "the Force". Among them, APEC (Assets Protected Elastic Contracts) is the core architecture on the chain, with features such as asset security, logical upgradeability, and data scalability. BEAMS (Blockchain Enquiring, Auditing & Messaging System) is an off-chain system that closely cooperates with contracts and is used to monitor contract operations, audit data, and assets.
Financial components: including GEL (Global Emergency Lockdown), CALM (Cooperative Automatic Lockdown Mechanism), MAK (Multisig Admin Keys), etc., aiming to protect the platform security, asset security, and minimize losses when necessary.
IV. Application Scenarios
FOR tokens have a wide range of application scenarios in the Force Protocol ecosystem, including but not limited to:
Transaction fee deduction: When matching loan orders, the smart contract will deduct the transaction fees of both the borrower and the lender, and allow users to use FOR tokens to deduct part of the transaction fees.
Staking and governance: Each super node needs to stake a certain amount of FOR tokens when it goes online to ensure its stable operation. At the same time, FOR tokens are also the only tool for community members to participate in community voting.
Trading mining and mortgage lending: In order to promote the use and circulation of FOR tokens, the project may launch trading mining strategies and mortgage lending offers.
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