Shield Protocol ($SHIELD) announces it’s IDO on Bakery Swap
We are thrilled to announce Shield Protocol is hosting IDO on leading AMM DEX — BAKERYSWAP.
BakerySwap is one of the first projects to leverage BSC to build an AMM DEX. It is also one of the few DeFi projects on the Binance Smart Chain to offer altcoin liquidity pools.
What is SHIELD PROTOCOL project?
SHIELD is a Second Layer Security Platform based on the Binance Smart Chain. Shield is a Two factor authentication would be on a server-less p2p architecture on top of blockchain where every log would be recorded on to a decentralised ledger for transparency and none of the data that can help in identifying an user would be collected in the application, which would help users in terms of privacy and anonymity and by using blockchain the whole system would be tamper proof.
Shield 2FA being a decentralised application on top of blockchain would give us an edge to attract 4 Billion+ users.
Need for SHIELD 2FA on blockchain
In every centralised apps today we are facing with issues that are concerned with our data they have. There have been number of data breaches despite many secure setups companies are using, there is always a hole in centralised system that give way for hackers to enter and perform breaches. Even sometimes if business uses very safe and secure system then also breaches happen due to internal leakages. Data breaches are on rise and we can see number of Data on dark web being posted after hacks including username and password, only people using 2FA get away from their login been used by hackers but still end up leaking their personal email and password that they might have used in any other account with no 2FA.
Shield 2FA is trying to eliminate the use of personal details for login and even eliminating centralised storage and replacing it with cross chain blockchain, so a system which will not take any personal detail or use any centralised storage but will still solve the purpose and will showcase the actual use case of blockchain.
SHIELD PROTOCOL Information
Token Name: SHIELD PROTOCOL
Token Symbol: SHIELD
Max supply: 1,000,000 SHIELD
Chain: Binance Smart Chain
Shield Token Metrics details:
Total Supply: 1,000,000
Public Sale: 200,000 (20%)
Liquidity/Exchange Market Pool: 100,000 (10%)
Ecosystem and Reward Pool: 400,000(40%)
Team: 100,000(10% )
Reserve: 200,000 (20%)
Token distribution and Vesting details:
200,000 SHIELD are allocated to the public sale and are 100% unlocked on the day of listing.
100,000 SHIELD are allocated to provide liquidity on exchanges will only be used for exchange market pools 100% unlocked on day of first exchange listing but strictly to be used for exchange market pools.
400,000 SHIELD will be used for rewards, distributed through staking and liquidity pools with 100,000+ released every year and all 400,000 to be released in total three years or less.
100,000 SHIELD tokens are allocated to the team with vesting schedule. 0% token will be unlocked till 2 months after listing, then 5000 SHIELD per month unlocked and distributed to the team for the next 20 months.
200,000 SHIELD are allocated to the Reserve fund locked for 24 months and then released according to platforms future development and marketing needs, can be unlocked in urgent situations(if need arises as supply is low), the community will be notified in advance before unlocking.
What is SHIELD’s fundraising hard cap?
Is there a limit on SHIELD’s fundraising per person?
There won’t be any per person capping in SHIELD IDO.
How to participate in SHIELD IDO?
SHIELD IDO will be launched at the best AMM on BSC — BakerySwap https://www.bakeryswap.org/#/ido on 7:00 ( 7:00 AM ), February 10 UTC .
SHIELD is releasing 200,000 SHIELD through our Launchpad. There won’t be any capping per person max allowed.
Different from the previous IDOs — BNB, BUSD and USDT are accepted for the SHIELD IDO. There is no allocation quota between each currency.
The offering price is 1 SHIELD = 3 USD.
The SHIELD token will be released shortly after the IDO finishes. If you participate after the SHIELD are sold out, your BUSD, USDT or BNB will be returned to your addresses.
In addition, BAKE-SHIELD’s liquidity farming pool and BAKE’s Staking pool will launch soon. Users will be able to get high SHIELD revenue. Please stay tuned!
Limited supply !!!!! The IDO will be conducted on a first-come-first-served basis, catch up and participate now.