Web 3.0 applications have changed the way users interact with the internet by offering better security and transparency.
Forward Protocol is the “WordPress” for Web 3.0 with easy-to-use applications and digital assets. Powered by a modular architecture and five ready-to-deploy fully customizable smart contracts, the project offers a plug-and-play, no-code, and UI-driven modular application for the value-driven economy.
Forward Protocol and Web 3.0
Forward Protocol offers blockchain toolkits that connect the value-driven economy and promotes the adoption of blockchain technology by lowering the barrier to entry into the space. The toolkits are blockchain agnostic, industry-agnostic, and adoption-focused. The platform is simple-to-use and does not require coding or technical knowledge, making it easy for any organization to deploy.
Forward Factory has five core smart contracts preloaded:
- Proof of Ownership (PoO)
- Initial Value Offering (IVO)
- Proof of Value-Delivered (PoVD)
- Proof of Value (PoV)
- Distributed Rewards and Revenue Sharing (DRRS)
Forward Protocol’s vision is to fast-track blockchain adoption by connecting real-world applications and organizations with blockchain in an easy-to-use way.
The Forward Protocol architecture includes:
- Forward ID
Every user registering platforms integrating Forward Protocol is assigned a Forward ID that enables them to login into any website that utilizes Forward Protocol.
- Forward Pay
Forward Pay is a digital wallet connected to a user’s Forward ID that helps them to store, manage, swap, and trade their crypto assets.
- FORWARD Token
$FORWARD is a utility token that serves as a governance token and is designed solely to be used as an interoperable utility token on the network.
- $FUSD
Forward USD is a stablecoin issued by Forward Protocol that supports stable value transfers, purchases, and payments within the ecosystem.
Apart from these products, Forward Protocol also offers token holders incentives such as staking & yield farming contracts, governance, and validator rewards.
To learn more about Forward Protocol, visit https://forwardprotocol.io/.
