Currencies33410
Market Cap$ 3.71T+2.01%
24h Spot Volume$ 89.98B+3.41%
DominanceBTC59.69%-1.15%ETH8.85%+2.74%
ETH Gas2.07 Gwei
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Forge

Forge FORGEPrice N/A

FORGE Price

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General Info

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# Inactive

Description

Forge is a brand new DeFi protocol enabling anyone to mint & trade real-world assets with the convenience of the blockchain

Forge (FORGE) Chart

Forge price Index provides the latest FORGE price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

Additional Data

Total Supply

FORGE 45,000

All Time High

$ 5.50

18 Apr 2023


All Time Low

$ 0.0000693

24 Dec 2023

Trending Forge Fiat Pairs

What is Forge (FORGE)?

Forge is a brand new DeFi protocol enabling anyone to mint & trade real-world assets with the convenience of the blockchain. Commodities, stocks, or even foreign currencies will be available in the protocol. All that is needed is a reliable Oracle data feed, such as Chainlink.

Forged Assets are standard ERC-20 tokens. They can only be minted from the Ovens against a collateral deposit. All fAssets have 18 decimals.

Each asset has 3 variables:

  • A data feed contract from Chainlink. It is used to calculate the current collateralization ratio (c-ratio) of an oven
  • A minimum c-ratio. It is not possible to mint more fAssets if an oven's c-ratio is below this minimum
  • A liquidable c-ratio. Anyone will be able to close an oven and earn a fee from ovens where the c-ratio is lower than the liquidable c-ratio.

FORGE Token is the governance coin of the Forge Protocol. In the close future $Forge holders will have the power to propose and vote on changes to the platform rules and a portion of the platform's revenue which will be distributed among the $Forge holders.

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