MyShield is an inventive decentralized platform which tends to go against scam and to convey trust to the internet business and online market where the expenses of forging and theft are assessed to reach $2.81 trillion in 2022. To start with, MyShield will center around the cryptocurrency industry, which is overflowed with phishing, misrepresentation, brandjacking, fraud, and the likes.
MyShield will give clients cautions against frauds and Crypto-exchange approvals. The model of MyShield does depend on two distinctive knowledge features: it gives an account of a potential scam by clients of MyShield imparted to the network, and suppliers of AI controlled cyber-intelligence. The data from the two sources will be recorded on the MyShield blockchain, which will be propelled on a current blockchain and will be utilized as the source for the cautions and approvals.
You can get more information about this platform by viewing this video
The MyShield decentralized platform incorporates bounties made by MyShield and by organizations, associations, and clients with a specific end goal to boost individuals from the network to report potential frauds and scams.
The MyShield platform will unite distinctive partners into one ecosystem: these partners include AI-powered cyber-intelligence suppliers, clients, organizations, and authorization administrations providers. The platform will actually make use of the vigorous innovation of BrandShield, for checking the Internet and breaking down the potential danger of various online threats.
THE PROBLEM
The development and improvement of the Internet has created new dangers. These dangers include instances of extortion, phishing, infringement of protected innovation rights, counterfeits, misusing of brand names, wholesale fraud, impersonations, deluding of clients, slander, and so on. Online scam is a general term speaking to different strategies for utilizing computerized mediums for phishing, fake deals, frauds etc.
Scams in the cryptocurrency ecosystem
The fast development of the cryptocurrency industry has achieved a huge number of individuals who are new to the business and thusly more powerless against the scams of cryptocurrencies. As appeared in the image below, the quantity of blockchain wallets issued has gone up drastically as an inseparable unit with the developing number of new clients joining the cryptocurrency platform.
The most well-known type of funds theft during the Initial Coin Offering (ICOs) is Phishing. Its prevalence is credited to its effortlessness and adequacy. Online hackers tend to sneak around US$1.5 million in ICO projects every month. Hackers either swindle private keys to investors’ wallets or ask for funds exchange to their wallet.
SOLUTIONS
In light of these problems, MyShield tends to convey trust to the cryptocurrency industry thus enabling more clients to enter the market. As the market develops, the arrangement will be adjusted to the entire internet business and online ecosystem. MyShield plans to give an answer for clients that will caution them of online scams, including phishing, extortion, fakes, and so on. The decentralized platform will be founded on two wellsprings of information stored on the blockchain; it gives an account of potential tricks made by clients and AI-powered digital intelligence suppliers. The MyShield ecosystem will compensate clients that report potential frauds for the benefit of the community, with bounties from MyShield and also from organizations and associations that are interested in encouraging such reports identified with their brands.
ROADMAP
MYSHIELD TOKEN
As described above the MyShield token will have several uses in the MyShield ecosystem: These uses are:
1. Premium Subscription
2. Guarantee Programs for online transactions.
3. Rewards for scam reports.
4. Bounties
5. Subscription payment by companies and organizations to the BrandShield system.
6. Payment to enforcers
TOKEN DISTRIBUTION
The MyShield token will be an ERC-20 based token. Its symbol will be MSLD. MyShield will create a finite amount of 1 billion MyShield tokens. There will be no inflation or additional creation of MyShield tokens.
The MyShield token will be based on an ERC-20 token, with the MSLD symbol. MyShield will develop a limited amount of 1 billion MSLD tokens. There will be no extra creation or inflation of MyShield tokens.
10 Million tokens will be distributed to the founders, investors and team, which will be vested for a year.
The funds for future tasks are stored to be utilized for future advancements, system maintenance, promoting exercises, and so on.
The Reporting Bounty will be the underlying general bounty set up by MyShield to support and reward clients who report various scams and frauds.
The Guarantee Fund will be set aside for cases in which clients' claims for scam and fraud cases on online things to which MyShield gave a certification.
The tokens offered to people in the community will be sold in a presale procedure which will be trailed by a Token Sale.
USE OF FUNDS
MANAGEMENT TEAM
1. Yoav Keren, CEO
2. Yuval Zantkeren, Co-CEO and CTO
3. Itai Galmor, Vice President Marketing & Sales
4. David Fridman, Chief Strategy Officer
BOARD OF ADVISORS
1. Nimrod Lehavi, Co-Founder & CEO of Simplex
2. Robert Cohen
3. Major General (reserves) Uzi Moskovitch
4. Prof. S. Subbiah
5. Shalom Passy, Afterdox
For more info about this platform, and also to join the network, endeavor to visit:
WEBSITE
TELEGRAM
FACEBOOK
TWITTER
BITCOINTALK ANNOUNCEMENT
REDDIT
YOUTUBE
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