Fortress is an algorithmic money market, and synthetic stable coin protocol designed to bring secure and trustless credit and lending to users on Binance Smart Chain. Fortress enables investors to lend and/or borrow cryptocurrencies, by pledging the platform an over-collateralized amount of cryptocurrency. Fortress does this by utilizing money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand of each asset. Users who choose to supply liquidity to Fortress earn compounded interest as rewards for supplying their assets to the protocol. When supplying assets, users are also given the ability to mint stable-coins, or borrow other assets against their supplied assets. Once a user has supplied assets to Fortress, the user can then borrow assets or mint stable-coins, by over-collateralizing and paying interest on the amount borrowed. Loans from the Fortress protocol do not have monthly payments, late fees, and can be paid off at any time. Fortress is able to do this without ever requiring a credit check, with near immediate origination, using smart contracts that provide an automated, and absolutely transparent system for investment and profit distribution.
Frequently Asked Questions (Crypto FAQs)
The current price of Fortress Loans (FTS) is USD 0.00380091
24 Hours, High Price of Fortress Loans (FTS) is USD 0.00380091 and Low price of Fortress Loans (FTS) is USD 0.00372461
The total supply of Fortress Loans (FTS) is 10000000 and Circulating supply of Fortress Loans (FTS) is 8,230,439.00
The trading volume of Fortress Loans (FTS) is 148555 In the last 24 hours
FTX was a leading cryptocurrency exchange that went bankrupt in November 2022, amid allegations that its owners had embezzled and misused customer funds. Sam Bankman-Fried, the CEO of the exchange, was sentenced to 25 years in prison and ordered to repay $11 billion.
FTX bankruptcy: What customers should know about getting crypto and Bitcoin money back. According to the company, all customers will be recouped for their losses—but there's a catch. It's been more than a year since FTX, a one-time mammoth cryptocurrency exchange, collapsed and subsequently declared bankruptcy.
FTX has recovered over $7bn in assets to repay customers, and it has reached agreements with government regulators who have agreed to wait until customers are fully repaid before attempting to collect on about $9bn in claims, Dietderich said.
The company will recompense customers based on the price of the cryptocurrency they purchased as of November 2022 — when the exchange filed for bankruptcy.
The average twelve-month price prediction for Fortis is C$57.54 with a high price target of C$62.00 and a low price target of C$50.00. Learn more on FTS's analyst rating history.
The The Graph price prediction for 2025 is currently between $ 0.291139 on the lower end and $ 1.366659 on the high end. Compared to today's price, The Graph could gain 371.16% by 2025 if GRT reaches the upper price target.
According to our current FREE Coin price prediction, the price of FREE Coin is predicted to rise by 21.49% and reach $ 0.0₆2884 by May 19, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 66 (Greed).
Hobby: Web surfing, Rafting, Dowsing, Stand-up comedy, Ghost hunting, Swimming, Amateur radio
Introduction: My name is Virgilio Hermann JD, I am a fine, gifted, beautiful, encouraging, kind, talented, zealous person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.