The Forge Network, or ForgeNet, is a new cryptocurrency which has caught the attention of our team. Today we are going to review it so you can know everything that you need to know about it before you decide to invest.
What is the Forge Network?
Forge Network is the name of a cryptocurrency and blockchain company which is launching a new cryptocurrency, the FRG tokens. The company promises to create a decentralized cryptocurrency ecosystem that will really put the community in the first place when it has to make decisions and not only to cater to a group of investors.
The company is focused on transparency and in the community. ForgeNet does not want to be the kind of company that will betray its users, because of this, it will constantly provide feedback about its actions to the customers.
The Forge Network was founded by Chuck Courtney, which has a curriculum of 25 years of experience in the technology industry, and Trenton Dagley, which has been in the tech field for over 15 years. Both are programmers and are invested in making the Forge Network successful.
How Does the Forge Network Work?
The Forge Network uses both proof-of-work and proof-of-stake to work. While the mining will only be partial, staking could be made forever using the Forge Network. You will be able to use this cryptocurrency to buy goods and pay for services in any part of the world (just like most cryptocurrencies).
The company will have apps for both smartphones and desktop computers, so anyone will be able to use it without any troubles. The company uses the Zerocoin Protocol in its tokens.This means that they will be completely anonymous because the traces that they make in the blockchain are obfuscated via this protocol.
The Forge Network will be tested during 2018 and the expectancy is that the platform will be available during the first quarter of 2018 when the master nodes are finally launched and the Android and iOS wallets will start to work.
How to Invest in Forge Network FRG?
If you have gotten interested in the Forge Network, you have the chance to invest in this company by buying FRG tokens during the Initial Coin Offering. The pre-sale of Forge Network FRG tokens is already happening.
During the pre-sale, you will be able to buy FRG tokens paying only $0.50 per token. The price will go up until it reaches $1 USD at the end of the sale, during March 17 to 24. The hard cap of the token sale is 10,000,000 FRG tokens.
You will also be able to mine FRG tokens, but only until 10,000 tokens are mined. After that, there will be not more mineable tokens because the Forge Network is focused primarily on staking. The cryptocurrency will be sold in exchanges when the platform is finally launched, but you should not wait for this because you will pay more for the FRG tokens.
The Forge Network FRG ICO Verdict
Is this company a good investment for you? It can certainly be. The Forge Network’s cryptocurrency will be a good choice for people who want to invest in a cryptocurrency that really cares about its community and that it is safe to use. By having the Zerocoin Protocol, this company will not let you be easily trackable.
We think that this cryptocurrency definitely has a future, but in the end, it is up to you whether you should invest in this company or not. You have to think about what the company is offering and decide if it is going to be a good investment for you or not.