Let’s get ready to rumble!!! Welcome Shield Finance, a multi-chain DeFi insurance aggregator that will be deployed across the Polkadot, Ethereum, Binance Smart Chain and Solana blockchains. We are thrilled to announce another Master Ventures FUEL incubation project is going to launch their IDO on Ignition!
📋 Whitelist Start: April 19, 2021 : 11AM UTC
⏰ Whitelist Close: April 28, 2021 : 4AM UTC
🚀 IDO on Ignition: May 19, 2021 : 11AM UTC
Whitelist for Shield Finance is closed.
What is Shield Finance?
Investing in new crypto projects is all the rage at the moment, whether it is because the industry is red hot, or you’ve come across a project that offers a groundbreaking solution to an existing problem. However, as we all know, some ventures are too good to be true and do not deliver on their aims for various reasons.
Either the project is a scam, gets hacked, or suffers from a “rug pull” that leads to a huge sell-off where traders and investors lose their funds en masse.
Enter Shield Finance: a DeFi insurance provider that protects your investments from hacks, rug pulls, market crashes and other DeFi-related risks. It does this through a proprietary aggregation engine that provides custom insurance packages for investor needs. Think of Shield Finance like the Skyscanner for DeFi insurance; users can see and select offers from multiple insurance providers on the same platform.
How It Works
Buying DeFi insurance via Shield Finance is simple:
- Investor opens the Shield Finance app.
- Investor sets protection parameters like Assets to protect and Amount Invested.
- Shield searches among available insurance providers and options liquidity pools.
- Shield displays “packages” of insurance tailored to investor needs.
- Investor chooses the package.
- The investor can then select and pay for the package they prefer.
Shield Finance Tokenomics
The $SHLD token enables governance and provides staking rewards at 30% stable APY for token holders. However, the most important feature of the $SHLD token is the “buy & burn” program. Every quarter, it redirects 50% of fees generated by users to buy the $SHLD token on the open market & burn it, which results in a permanent reduction of supply.
- Hardcap: $0.86m
- Initial Market Cap: $0.62m
- Initial Fully Diluted Market Cap: $10m
Whitelist for Shield Finance is closed.
*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, must pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which varies per project on a case to case basis. For a list of Shield specific restricted KYC countries check HERE.
About Shield Finance
Shield Finance is a Multi-Chain DeFi Insurance Aggregator that allows users to buy protection against major market crashes due to black swan events (hacks, exploits, rug pulls, sell-offs). Incubated by Master Ventures (MV Fuel), Shield utilizes a proprietary aggregation engine to provide custom insurance packages for investor needs.
For any questions about Shield Finance, please reach out to us on:
IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol which allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform, it FUELs projects and takes fundraising to the next level.
Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.
- Website: ignition.paidnetwork.com
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
For any questions for the PAID network, please feel free to reach out to us on: