Myshield Innovative Anti-Scam Platform
MyShield will alert users whenever they reach a fraudulent website, an online counterfeit sale, and other types of online scams. MyShield is aiming to bring trust to the e-commerce and online market where the costs of counterfeiting and piracy is estimated to reach $2.81 trillion in 2020. At first, MyShield will focus on the cryptocurrency industry, which is flooded with phishing, fraud, brandjacking, etc. MyShield will provide users alerts against scams and Crypto-transaction validations. The MyShield model is based on two sources of intelligence – reports on potential scam by users of MyShield shared with the community, and providers of AI powered cyber-intelligence. The information from both sources will be recorded on the MyShield blockchain, which will be launched on an existing blockchain and will be used as the source for the alerts and validations. The MyShield decentralized platform includes bounties created by MyShield and by companies, organizations and users in order to incentivize members of the community to report potential scams. As the market evolves, the solution will be adapted to the whole ecommerce and online ecosystem.
MyShield intends to provide a solution to users that will alert them of online scams, including phishing, fraud, counterfeits, etc. The decentralized platform will be based on two sources of data stored on the blockchain – reports on potential scams made by users, and AI powered cyber intelligence providers. The MyShield ecosystem, will reward users that report potential scams for community use and benefit, with bounties from MyShield as well as from companies and organizations that are interested in encouraging such reports related to their brands.The MyShield token, is a “Token of Trust”. The MyShield token represents the value of trust, by first providing value for the scam reports made by users, and second, for the guarantee MyShield provides based on those reports.
The Problem
Scams’ effect on the cryptocurrency users
The graph below, taken from Google Trends shows an alarming rise in the number of Google users searching for the term “Cryptocurrency Scams”. As a reasonable proxy, this graph may indicate the rising concerns and increasing lack of trust of the cryptocurrency community
Scams as a part of the cryptocurrency ecosystem
Moreover, the shift from the money raising phase to “the-day-after” holds various risks. A great example of the ongoing scam potential, fraud attempts, and thefts can be found in the IOTA case published January 2018 (~$4M stolen from private wallets). According to an interview with Koen Maris, IOTA's cybersecurity advisor, published on Finder this was not the result of a flaw in the network or wallet, but instead was the result of fraud: "By using a well-crafted phishing website that appeared to be a legitimate IOTA seed generator, they were able to collect a large number of seeds over
a long period of time.
Solution
MyShield Eco-System
The MyShield decentralized anti-scam platform AI powered Cyber Intelligence Providers, Enforcement services Providers, Guarantee providers, MyShield bounties and the MyShield Trust Stamp. The ecosystem will also include end-users of the application, as well as companies and organizations who are looking to protect their brand, website, investment and clients.
The scoring system
The scoring algorithm will be based on a combination of an AI and big-data engine of a cyber intelligence provider, and of the crowd-wisdom, collected from the users of the MyShield app. The users will be presented with a general score, along with the AI powered score and the crowd based score, to allow them to better understand thesources of the risk score.
The platform will include
Custom application
Custom blockchain
AI powered cyber Intelligence providers
Enforcement services providers
Guarantee providers
MyShield bounties
Custom trust stamp
To become a user of the MyShield platform, you need to install one of the platform applications:mobile application
desktop application
Browser extension
The SDK for other apps
Software (client)
Widget In JavaScript
The MyShield Token
Summary of the token model
Premium subscription
MyShield application which will include a basic level of guarantee and the ability to gain from the bounties in cases where the user reports on potential online scams.
Guarantee programs
users will be able to use their Shields to buy additional guarantee programs for their online transactions
Reports
report scam and be rewarded from the bounty will need to deposit Shields when they report. If they are found right, the deposit Shields will be returned to them in addition to their share in the bounty.
Bounties
MyShield token will be used by MyShield and by companies and organizations to encourage users to report on potential
online scams
Paying and validating the MyShield Trust Stamp and the MyShieldTrusted Wallet Stamp
MyShield Trust StampTM and the MyShield Trusted Wallet StampTM will pay for the stamp using the MyShield
tokens. 50% of the MyShield tokens they pay will be paid to the public validation officers of their stamp, who can then use the tokens for premium subscriptions and guarantee programs.
Subscription payment by companies and organizations to the BrandShield system
BrandShield system and receiving anti-scam intelligence will be able to do so using the MyShield tokens. This use
will be available at the time of the TGE.
Payment to enforcers
MyShield platform, will be able to pay enforcers for their action, with the MyShield tokens.
Token distribution
A MyShield token is a digital currency that will be used on the MyShield platform. There are 1 billion MyShield tokens available and there will be no inflations or additional creations of MyShield tokens. ERC-20 based token. Its symbol will be MSLD.MyShield will be create a finite amount of 1 billion MyShield tokens. There will be no inflation or additional creation of MyShield tokens.
THE TOKENS WILL BE DISTRIBUTED AS FOLLOWS:
- No. of tokens %
- Token offered for the public: 400,000,000 | 40%
- Fund for future operations: 300,000,000 | 30%
- Founders, team and shareholders: 200,000,000 | 20%
- Guarantee fund: 50,000,000 | 5%
- Reporting bounty: 45,000,000 | 4.5%
- Campaign bounty: 5,000,000 | 0.5%
- Total: 1,000,000,000 | 100%
ROADMAP
MyShield ecosystem of confidence on time to market
Myshield Management Team
Useful Links :
Website : https://www.myshield.com/
Facebook : https://www.facebook.com/MyShieldTM/
Twitter : https://twitter.com/MyShield_TM?lang=en
Telegram : https://t.me/MyShield_TM
Youtube :
Reddit : https://www.reddit.com/r/MyShield_Official/
Author : hashan075
My bitcoitalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1685683;sa=summary
Telegram Username :
