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2020 in Review

In 2020, the Crypto market cap broke $1 trillion, ushering in its highest peak in history. What’s exciting is that the DeFi market also ushered in explosive growth. Total Value Locked (TVL) on the chain has increased by 40 times per year, and the number of users (addresses) has increased by 12 times. The combination of the protocol has an ecological effect.

As one of the first projects to develop DeFi applications in Asia, ForTube launched on-chain lending protocol ForTube Bond and ForTube Bank respectively. ForTube is also the first batch of DeFi projects in China that use liquidity mining for a cold start, with TVL up to $130 million and lending up to $50 million. As a leading DeFi lending project in Asia, ForTube has introduced many new users to use DeFi lending products. …


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Enjoy 10.95%+ APY

The first 50 users who deposit or lend oBTC on ForTube can earn an additional BOR airdrop!

Activity Time:

Jan. 13 14:00 (UTC+8) — Jan. 20 14:00 (UTC+8)

Activity Rules:

During the activity, users who deposit or lend any amount of oBTC on ForTube and subscribe on https://for.tube/home are eligible for the activity.

Activity Rewards:

The first 50 qualified users can receive a 0.02 BOR airdrop rewards per person, first come first served.

Tips:

  1. Each user address can only receive rewards once.
  2. Activity rewards will be distributed within 3 working days after the activity.
  3. This activity’s final interpretation belongs to the ForTube official. If there is cheating behavior, ForTube has the right to cancel the rewards and eligibility for users. …

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On December 21st in the ForTube Telegram group, ForTube hosted a special AMA with the CEO of ForTube, Jeffey.

During the AMA, Jeffrey outlined some exciting plans for ForTube in 2021, including new features, token utilities and the ForTube Ambassador program.

Host: Hello Everyone, we will soon be commencing the AMA. We think it’s a great way to hear from our CEO regarding the plans of ForTube in 2021 and how 2020 was like for the Project. As usual, there will be 2 segments. First Segment, I will ask the CEO some questions. Second segment, Community will ask the CEO some questions in which he will pick some. …


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ForTube’s governance token $FOR will be listed in the Binance’s Innovation Zone and FOR/BTC and FOR/BUSD trading pairs will be available at 2020/11/17 12:30 PM (UTC) Users can now start depositing FOR in preparation for trading.

ForTube is a leading global DeFi lending platform launched by The Force Protocol. Since the official launch of the ForTube2.0 on September 7th, 2020, the TVL on ForTube hit $150M opening up the road of internationalization.

ForTube official website: https://for.tube/

Governance Forum: https://forum.for.tube/

Supported wallets: imToken,MYKEY,Bitpie,DappBirds,TokenPocket,BitKeep,Math Wallet,HyperPay,AToken,MEET.ONE,Coinbase wallet,Trust wallet.

Be sure to follow us on social media for more updates and mining campaigns:

▲Announcement channel: https://t.me/the_force_announcement
▲Medium: https://fortube.medium.com/
▲ForTube website: https://www.for.tube/home
▲Twitter: https://twitter.com/ForTubeFi
▲Github: https://github.com/thefortube
▲knowledge library of ForTube platform: https://docs.for.tube/


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ForTube will be launching its “Fortune Loyalty Campaign” for new and existing ForTubers. The campaign will be carried out in 3 different segments to reward ForTubers.

Campaign Part #1a FORTune Users (Deposit / Lending)

During this event, new and existing users who deposit or borrow coins/tokens using the ForTube platform will be rewarded with FOR according to their deposit or borrow. Members are required to hold their deposit on the platform for at least 14 days in which they will also receive yields from their deposit excluding their reward from the loyalty campaign. …


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Announcement:

The safety of users’ assets has always been a major priority for ForTube. To show our commitment to security, ForTube has locked 100 million FOR as a platform risk reserve. This is a special fund to ensure the safety of users’ assets. ForTube will initiate the risk reserve compensation mechanism when users suffer asset losses due to platform reasons.

ForTube has already taken rigorous testing, both by internal developers and top third-party auditors, to ensure that this reserve will never be called into action. …


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On October 30, the first Burned FORever Buyback of ForTube’s governance token FOR has been carried out.

The burned amount is 1,962,432 FOR. The block height is 11155470, and the transaction hash is 0x0a3dabd23c748b369c6b62233ceac65a2e8db0ef72672c965d7e0d5764c393ff.

The total value of this burning is approximately $56,322 and the total burned amount accounted for 0.196% of the total supply.

ForTube conducts this buyback at the end of each month using a portion of the platform fees received.

ForTube official website: https://for.tube/

Governance Forum: https://forum.for.tube/

Supported wallets: imToken,MYKEY,Bitpie,DappBirds,TokenPocket,BitKeep,Math Wallet,HyperPay,AToken,MEET.ONE,Coinbase wallet,Trust wallet.

Be sure to follow us on social media for more updates and mining campaigns:

▲Telegram: https://t.me/theforceprotocol666
▲Announcement channel: https://t.me/the_force_announcement
▲Twitter: https://twitter.com/ForTubeFi


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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. …

About

ForTube

ForTube is the world’s top DeFi lending platform launched by The Force Protocol.

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