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Since the official launch of the decentralized lending platform ForTube2.0 on September 7th, 2020, the market deposit scale has exceeded $130M, and the total borrowing has exceeded $40M. In order to better support the future value of the platform’s governance token FOR, ForTube will use 20% of the received service fee in the monthly Burned FORever buyback plan. The first FOR Burn is expected to be carried out at the end of this month. The specific amount and address will be announced after the completion of the Buyback-and-burn.

ForTube is a leading global DeFi lending platform launched by The Force Protocol. It is committed to providing decentralized lending services for cryptocurrency enthusiasts around the world, supporting most of the world’s popular assets. ForTube is based on smart contracts and automated algorithm technology. Users can deposit tokens to earn interest, pledge collateral to borrow tokens and pay interests. ForTube’s interest rate is determined by market supply and demand. Assets are controlled by users. ForTube allows users to deposit and withdraw anytime, borrow and repay anytime, globally. …

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ForTube is a liquidity pool based lending platform, which enables anyone to deposit crypto-assets to earn interests or borrow with collateral. Since the launch of ForTube 2.0, it has attracted countless crypto-asset enthusiasts around the world. The market size has already exceeded $125 million in just a few weeks. In response to the issues raised by the community, this article will answer frequently asked questions in detail.

What do some of the key terms on the ForTube platform mean?

Deposit tokens:

Users transfer the crypto-assets supported by the platform to the smart contract through the Bank’s deposit function to obtain deposit interests. …

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At ForTube, cultivating a strong community is important to the project, and something that the team is looking to expand upon by hosting upcoming events, promotions, competitions, and activities where users have the chance to get involved. Make sure you follow ForTube’s Twitter and Telegram group for more chances to take part!

This week, our Global Marketing Director Ben Yorke was invited to lead an AMA in the Bittrex exchange official community on September 22nd and we were blown away with all of the amazing questions. …

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