Crypto Shrimp (AMA Host): Alrighty guys, let's welcome Shield protocol to BSC News for another exciting AMA, where get to learn and educate ourselves with the project. Can I do a type test with the shield team?
Dr. Rahul Sharma: Hello everyone.
Neeraj Bhardwaj: Hello guys
Crypto Shrimp (AMA Host): Great stuff how are you guys doing today?
Dr. Rahul Sharma: Great.
Neeraj Bhardwaj: Great man !!!
Q1 Lets kick it off with an introduction of you and your team? what are the past experiences in the DeFi world or crypto land?
Dr. Rahul Sharma: My name is Rahul Sharma. I am CEO at SHIELD PROTOCOL. I am a skilled cybersecurity and data specialist and have done more than 305+ crypto and non-crypto projects till date all over the world related to cyber security, multi clouds security, penetration testing, server and data security, artificial intelligence and machine learning. In the last few years, I also increased my skills in blockchain technology and development. I am pursuing my Phd in artificial intelligence from India. We are team based upon India and USA. Our total team size is 10 along with myself. Most of the team are from backend and development operations. We are hiring more professionals for marketing and business development roles for SHIELD growth.
Neeraj Bhardwaj: My name is Neeraj and i am working as a project officer. My major role in Shield Protocol are allocating resources, setting deadlines, laying out communication strategies, and indicating tests and maintenance. But overall, all major backend things are developing under our CEO lead. I am working in crypto world from last 1.5 years.
Crypto Shrimp (AMA Host): nice to meet you guys and thats good and relevant experiences you guys have too
Neeraj Bhardwaj: Thanks for compliment
Q2 How experienced are your dev / engineers for the project?
Dr. Rahul Sharma: Our team has experienced from last 10+ years in the field of development and I am handling all of the cyber security aspects of the projects. Our team has skilled in SQL Server Database, C# Dot Net, Solidity, Xamarin, Application Programming, jQuery, multi cloud interfaces. Along with development, I am also expert in AI and machine learning.
Crypto Shrimp (AMA Host): ya i saw you are doing a PhD in AI thats tough! and im sure you will do well in it
Dr. Rahul Sharma: I am trying my best.
Q3 What inspired you to build this project Shield protocol?
Dr. Rahul Sharma: As per my previous research findings on security, I found a lot of problems in existing security solutions and SHIELD PROTOCOL is one of the proposed solution of that existing problems. Because right now, we need to eliminate all centralised systems as they are vulnerable to hacks, you see news daily of many breaches in which millions of email passwords are leaked.
Neeraj Bhardwaj: Yes we want to bring daily use business tools to decentralised world
Crypto Shrimp (AMA Host): Indeed we are now in the era of digital world, so cyber security is the next concern for sure!
Neeraj Bhardwaj: true that
Crypto Shrimp (AMA Host): I believe digital currency will take over our dollars and notes one day, and we are all here building that foundation before we drift too far away from things
Q4 Do tell us how does Shield protocol work?
Dr. Rahul Sharma: In brief, shield protocol will save user 2fa secrets into blockchain with one of the our 3-tier encryption model without any third party involvement as centralized system as well as without collect any personal user data that is really big concern as per GDPR and CCPA compliance as security reasons.
Neeraj Bhardwaj: we are focusing on decentralised identity
Q5 You brought up 2FA, how different is shield protocol with google authenticator?
Dr. Rahul Sharma: Shield protocol is totally decentralized platform there are other 2FA also like google authenticator or authy. Though we have mentioned differences in light paper. Our concern is safety of personal details and less use of centralised storage because they are vulnerable to hacks. At present all 2FA are backed up on centralised clouds but we are using blockchain for that purpose of storage which solves two purposes firstly we can work without using personal details and secondly it is far secure than centralised cloud. It is kind of another level where no Personal details are collected, no storage servers yet everything delivered. Specially, google authenticator has not backup facility and other are providing with centralized storage. So, basically we are actually using binance smart chain as an decentralized storage purposes. Further, we will integrate other popular chains like polkadot.
Crypto Shrimp (AMA Host): whenever i switch my phone google auth is a nightmare
Neeraj Bhardwaj: Thats where Shield will be saviour
Crypto Shrimp (AMA Host): cant wait to use it. so from a user end, according to what you describe, we will not see the difference from the UI wise is that rite? cause its all about the technical side of things
Neeraj Bhardwaj: Yes there will be no difference in user experience just making a daily use tool into decentralised so that regular people will use it as simlpe 2FA but will also be introduced to blockchain and crypto world. Basically it will also bring more people to blockchain who are not in here yet. we are providing same tool, with advanced feature and technology.
Q6 If I did my research right, the app is not yet live, I’m curious to know how it works, will it be another code to enter or will it help verify the website you are visiting?
Dr. Rahul Sharma: It will work same like other 2fa apps to scan the code from barcode, so that there is no any change in user experience. Just the change will be in tech side inside the app which user will have to go through only the once and for that also we have provided user guide, just think of it like simple 2fa but in a way of blockchain and you ll get to know it soon as we are not far from a launch.
Crypto Shrimp (AMA Host): thats really exciting to have things we used daily build on our crypto foundation! im sure you will get all the supports from crypto users
Neeraj Bhardwaj: Plus one more thing i want to add
Crypto Shrimp (AMA Host): go ahead
Neeraj Bhardwaj: Shield protocol app includes decentralised 2FA, Wallet, In-app Staking and more security tools to be added in future. We are also competing as a wallet.
Crypto Shrimp (AMA Host): thats huge, a wallet with additional security, I like the sound of that
Neeraj Bhardwaj: Thanks
Q7 I understand that Shield is a second layer of security for user, but how about the security of the codes on the $SHIELD itself, does it mean that there won’t be any audits done for the project itself?
Dr. Rahul Sharma: Our encryptions and security methods will keep everything secure. Three layer encryption model will hash the secrets and then will sync into a public blockchain. Our smart contract already audited by Callisto network and for app, we will do security audit, once we will complete it.
Crypto Shrimp (AMA Host): thats good, scrutiny will only make the security tighter
Q8 What about the use case of $SHIELD token itself? How can one earn rewards?
Neeraj Bhardwaj: As per $shield token use case, it will used for txn purpose as a gas when user will interact with blockchain. Also it can be earned through Staking and other reward programs that we conduct randomly.
Q9 Do let us know what are the long term plans/ roadmap
Dr. Rahul Sharma: Our vision is to make Shield 2FA widely adopted by users of crypto exchanges and social media channels or say our target is to reach each and every internet users. 2FA Authenticator play a very important role in exchanges and none of the 2FA authenticators are on blockchain right now and Shield 2FA being a decentralised application on top of blockchain would give us an edge to attract 100 million+ users, who uses exchanges and even use other 2FA apps that are centralised, that collect their personal info and put their security keys on centralised clouds which are many times being hit with cyber attacks and users being. Also our target is all users using social media and who use online financial data.
To reach these users we have very well planned marketing and partnership plans that will be executed according to schedule.
Ready reference link is here https://shield2protocol.medium.com/introducing-the-shield-roadmap-2021-b291e9c40ec9
Q10 Share with us your links to social media/documents, so as to find out more about Shield Protocol
Dr. Rahul Sharma: Sure.
SHIELD PROTOCOL
Second layer security platform based on Binance Smart Chain.
Website: ( https://shieldprotocol.org ),
Coinmarketcap: ( https://coinmarketcap.com/currencies/shield-protocol/ ),
Coingecko: ( https://www.coingecko.com/en/coins/shield-protocol ),
Twitter: ( https://twitter.com/shield2protocol ),
Telegram: ( https://t.me/shield2protocol ),
Telegram_Ann: ( https://t.me/shieldprotocol ),
Medium: ( https://medium.com/@shield2protocol ),
BscScan: ( https://bscscan.com/token/0x60b3bc37593853c04410c4f07fe4d6748245bf77 )
Crypto Shrimp (AMA Host): great stuff one last question before i unlock the room for the audience to ask questions
Q11 lastly our famous question, do you have any alpha or juicy news that you can share with us today in BSC News?
Dr. Rahul Sharma: Well, yes. Our product is launching next week with 2fa and wallet. Final testing is going on.
Crypto Shrimp (AMA Host): thats great news, and that will be all the questions from me today, thank you once again for your time, do hope that you have enjoyed it and I’m sure we have all benefit from today’s AMA.
Dr. Rahul Sharma: It is our pleasure.
Neeraj Bhardwaj: I was a priviledge to be here
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MDEX is the decentralized exchange (DEX) platform built on Heco, the Huobi exchange blockchain. It is strategically positioned as the optimal choice for Eco-token transactions and the largest DeFi ecosystem with DEX, IMO, and DAO integration.
It is a decentralized exchange based on Automated Market Maker (AMM) technology on the HECO and Binance Smart Chain (BSC) with a tune of over $5 billion in total value locked. They aim to create cross-chain compatibility between leading chains to create a composite DEX ecosystem.
MDEX became the first project to integrate a dual mining mechanisms into its ecosystem. It utilizes a Liquidity and Transaction mining mechanism:
Liquidity Mining: Various liquidity pairs are available on its LP mining platform, including LP and single stakes. Currently, the platform holds one of the largest TVLs on the Heco chain. They offer a wide range of LP tokens available in the Heco ecosystem.
Its APYs are the largest on the Heco chain and quite competitive with other Dexes available in other chains. Users can start accessing the LP mining incentives and APYs by connecting to the pool.
Transaction Mining: MDEX is the first platform to integrate transaction mining which rewards users for transacting on the platform. By trading using the DEX, users get rewarded for all trade actions done on the DEX.
High APY revenue of transaction mining up till 26th Feb 2021 (source: mdex.com)
Decentralized Autonomous Organization (DAO): MDEX runs a DAO structure using its token MDX to achieve governance. MDX holders can propose to initiate a token listing by voting or collateralizing.
Initial Miner Offering (IMO): Similar to the Initial Coin Offering (ICO) on the Ethereum chain and the Initial Dex Offering (IDO) on BSC Dex chains, MDEX will standardize fundraising activities. Fundraising will be facilitated through its IMO platform. The token will help achieve a standard fundraising token based on the HT-IMO, the decentralized fundraising protocol on MDEX.
The platform is active with various incentives mechanism for its numerous LP pools, listings, and pairs. By interacting with its official Medium handle, can stay updated with the new pools, revised reward mechanisms, and new additions and information.
Four days ago, the platform passed its Certik audit, according to the team, “with flying colors.”
The project has a 93/100 score which shows a healthy indication of its codes and its platform features as safe for use.
MDX token distribution
The project is dubbed the “DeFi Golden Shovel” in Chinese cryptocurrency circles. The immediate roadmap plan is on achieving cross-chain interoperability with various chains.
The platform is looking prime to go multichain with the integration of top chains such as BSC and ETH to achieve a multi-chain era in DEX. According to its released Medium post:
“MDEX will gradually support ETH (layer 2 network), BSC, OKExChain, DOT, NEAR, and other public chains so that assets are inter-connected. In this way, we seek to build a pan-eco transaction protocol.”
On January 6, the project went online.
On January 19, liquidity mining & trading mining were open; the liquidity of the day reached US$275 million; and the transaction volume amounted to US$521 million.
On January 24 (18 days after its launch), the single-day transaction volume exceeded US$1 billion.
On February 1 (26 days after its launch), the liquidity exceeded US$ 1 billion.
On February 3, the Boardroom (Board of Directors) mechanism was launched, and the MDEX ecological fund, worth $15 million USD in MDEX was established.
On February 19, the single-day transaction volume exceeded US$2 billion.
On February 25th, MDEX ranked first in the CoinMarketCap global DEX rankings. It accounted for 53.48% of global DEX trading volume. The daily transaction volume reached a whopping $5 billion USD.
March 10 marked 51 days of MDEX being live. The cumulative transaction volume exceeded $100 billion USD.
On March 12, the total amount of repurchased and burnt MDX exceeded 10 million.
On March 16, MDEX Version 2.0 was released.
On March 18, the 24-hour transaction volume exceeded US$2.2 billion.TVL exceeded US$2.3 billion which builds a new record.
On March 19, in total 143 million MDX are distributed in the form of transaction mining subsidies + liquidity mining rewards, worth US$577 million.
The transaction fees over the first two months were over US$340 million. The platform's 7-day transaction fees rank 3rd, only after Bitcoin and Ethereum.
On Apr 8, Mdex launched on BSC, supporting single currency mining, liquidity mining, trading mining and asset cross-chain.
Within two hours of launch on Binance Smart Chain, the TVL of MDEX exceeded $1.5 billion. The total transaction volume exceeded $268 Million and the TVL on HECO and BSC is now over 5 billion.
The high transaction fees on the Ethereum saw a slice in ETH dominance. Many users in the DeFi sector have gravitated to other blockchain infrastructures like Huobi and Binance Smart Chain.
MDEX integration of other chains like ETH and BSC in the future will make it a multichain DEX service. It will offer unique features like transaction mining and an increase in TVL. Due to the user incentive mechanism of transaction mining and repurchase rewards, MDEX currently has relatively low transaction costs, and users benefit from transactions. Overall, MDEX presents low fees, incentives for transactions, low slippage, and ever-increasing LP pairs will make the platform attractive to users and maintain its dominance as the leading DEX in the ecosystem.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
For those who wish to learn more about MDEX, check out the following resources and media pages:
Lola (AMA HOST): Can the team member of HOLDEFI say hi?
Cengiz: Hi everybody, Glad to be here. I'm from Holdefi project and ready to answer your questions.
Feel free to ask anything about Holdefi ☺️
Lola (AMA HOST): You're welcome Cengiz. Glad to have you with us today.
Hope you're good.
Cengiz:Thanks
Me too😉😊
Lola (AMA HOST): Good👍
Let's move on to the questions.
At the 2nd half, the Community would be dropping their questions and you can pick any 3 questions of your choice.
Shall we start now
Cengiz: OK lets start.
Q1. Can we get to know more about you and your team? What are your roles and past experiences?
Cengiz:We are a +30 person company based in Turkey and have more than four years of experience in the cryptocurrency and blockchain world. We had a lot of success in the local sector, and today we are looking to implement our first global project.
Lola (AMA HOST): Great. What a team! More than team. And How have been your experience with them?
What's your role?
Cengiz: I am content leader of this lovely team.
We have Blockchain Development team, Web development, Marketing, R&D, Content, Graphic Design and management.
Lola (AMA HOST): Ohh. Great.
Q2. A lot of Projects are either on BSC or ETH. Rare to see Multichain Projects. Why did you choose to be on both? Is there anything behind this great move?
Cengiz: We have developed Holdefi on ethereum blockchain from the start. But today it is not hidden to anyone that BSC growth was really amazing and has its own community and fans. So we have decided to launch Holdefi protocol and token also on BSC besides ethereum.
Lola (AMA HOST): That's really good
Q3. Holdefi is an Opensource non-custodial money market protocol that allows users to be depositors or borrower. How can users participate?
Cengiz: Depositors provide liquidity to the market to earn a passive income, and everyone can borrow from this liquidity and repay it after a while. The Borrower must add collateral before borrowing any tokens. The value of the collateral should be greater than the value of the assets they want to borrow. This collateral is, in fact, a guarantee that they will repay the borrowed assets.
Lola(AMA HOST): Okay. Aside from the Collateral, will there be any interest?
Cengiz: No.
Collatoral is only a guarantee for repaying the borrowed assets.
Lola (AMA HOST): Okay. Thanks 😊
Q4. What offer do you have for HLD token holders?
Cengiz: HLD has many use cases include but are not limited to: Protocol governance, Burning, Liquidity mining, staking, Revenue sharing.
I will also share some links at last for reading more about the details.
Lola (AMA HOST): Okay. That would be nice.
Q5. Is there any requirements to join in the HLD IDO? And what should participants expect?
Cengiz: Our IDO has been finished. Now HLD is being traded on PancakeSwap and UniSwap. HLD also being added to centralized exchanges in the near future.
Lola (AMA HOST): All right. Thanks for the Update.
Q6. Can you also tell the Community about the revenue sharing and Liquidity mining?
Cengiz: Liquidity mining in summary means when people provide liquidity to Holdefi protocol they can earn/mine HLD token.
Revenue sharing also means Holdefi protocol revenue from the fees will be shared with the token holders.
Q7. What's the Future plans of this HOLDEFI?
Cengiz: Staking, competitions, Holdefi-V2, and many many plans are coming. We have a whole long-term plan that I do not want to spoil now😉, but our path is very long and certainly, those who joined us from the beginning could be very lucky.
Lola (AMA HOST): Wow! That's quite impressive. Then we are ready to journey with you to the Future. ☺️
Q8. Can you explain to the community about HLD pools?
Cengiz: If you mean HLD pools on UniSwap and PancakeSwap, Liquidity provided tokens by the team are going to be locked for years.
Lola (AMA HOST): Can you give exact period? Like for how many years?
Cengiz: We did not make final decision yet but I think at least 4 years. Maybe we will do that with the third party like TrustSwap. We will announce to the community when we made it.
Q9. Can you tell the Community what makes your Project different from others?
Cengiz: I can mention some of them here.
At Holdefi we have a feature called Promotion that we can do it on different markets which is Increase interest rates.
This feature helps us to increase the liquidity of our pools quickly and grow fast.
or on the otherside, we can decrease the borrow rate for borrowers to attract them to the platform
We seperate the market and collateral pools so that users can withdraw their money at any time. it is what other platforms do not have right now!
This pic also can describe promotion feature better.
Again community can find more details in our documents. I will share the links in the end of our conversation.
Lola (AMA HOST): All right.
Q10. Do share with us all the links that the readers can find out more and also follow the development of the project.
Cengiz: Holdefi website:
Lola (AMA HOST): Thanks Cengiz.
Can we also have the roadmap or is there a lite paper link we can check through too?
Cengiz:Yes you can find our whitepaper and other details at https://docs.holdefi.com/
Lola (AMA HOST): Okay. That's great.
Q11. Lastly, our favourite question in BSC News, do you have any alpha or juicy news that you can share with us today?
Cengiz:
We are in the last phases of Holdefi codes audit and tests, So Holdefi mainnet will be launched at the end of April early May.😊
Lola (AMA HOST): Great. Can't wait for it!
Cengiz: 🙈
Lola (AMA HOST): Thanks for this wonderful AMA, short and Precised. 😊
Cengiz: Thank you for inviting me here for this AMA.
BSCNEWS hosts Shield Protocol, SHIELD is a Second Layer Security Platform based on the Binance Smart Chain. They enable security and keep your secrets on Blockchain. All questions answered by Dr. Rahul Sharma (@rahulsharma0856) and Neeraj Bhardwaj (@neerajbhardwaj1254)
Crypto Shrimp (AMA Host): Alrighty guys, let's welcome Shield protocol to BSC News for another exciting AMA, where get to learn and educate ourselves with the project. Can I do a type test with the shield team?
Dr. Rahul Sharma: Hello everyone.
Neeraj Bhardwaj: Hello guys
Crypto Shrimp (AMA Host): Great stuff how are you guys doing today?
Dr. Rahul Sharma: Great.
Neeraj Bhardwaj: Great man !!!
Q1 Lets kick it off with an introduction of you and your team? what are the past experiences in the DeFi world or crypto land?
Dr. Rahul Sharma: My name is Rahul Sharma. I am CEO at SHIELD PROTOCOL. I am a skilled cybersecurity and data specialist and have done more than 305+ crypto and non-crypto projects till date all over the world related to cyber security, multi clouds security, penetration testing, server and data security, artificial intelligence and machine learning. In the last few years, I also increased my skills in blockchain technology and development. I am pursuing my Phd in artificial intelligence from India. We are team based upon India and USA. Our total team size is 10 along with myself. Most of the team are from backend and development operations. We are hiring more professionals for marketing and business development roles for SHIELD growth.
Neeraj Bhardwaj: My name is Neeraj and i am working as a project officer. My major role in Shield Protocol are allocating resources, setting deadlines, laying out communication strategies, and indicating tests and maintenance. But overall, all major backend things are developing under our CEO lead. I am working in crypto world from last 1.5 years.
Crypto Shrimp (AMA Host): nice to meet you guys and thats good and relevant experiences you guys have too
Neeraj Bhardwaj: Thanks for compliment
Q2 How experienced are your dev / engineers for the project?
Dr. Rahul Sharma: Our team has experienced from last 10+ years in the field of development and I am handling all of the cyber security aspects of the projects. Our team has skilled in SQL Server Database, C# Dot Net, Solidity, Xamarin, Application Programming, jQuery, multi cloud interfaces. Along with development, I am also expert in AI and machine learning.
Crypto Shrimp (AMA Host): ya i saw you are doing a PhD in AI thats tough! and im sure you will do well in it
Dr. Rahul Sharma: I am trying my best.
Q3 What inspired you to build this project Shield protocol?
Dr. Rahul Sharma: As per my previous research findings on security, I found a lot of problems in existing security solutions and SHIELD PROTOCOL is one of the proposed solution of that existing problems. Because right now, we need to eliminate all centralised systems as they are vulnerable to hacks, you see news daily of many breaches in which millions of email passwords are leaked.
Neeraj Bhardwaj: Yes we want to bring daily use business tools to decentralised world
Crypto Shrimp (AMA Host): Indeed we are now in the era of digital world, so cyber security is the next concern for sure!
Neeraj Bhardwaj: true that
Crypto Shrimp (AMA Host): I believe digital currency will take over our dollars and notes one day, and we are all here building that foundation before we drift too far away from things
Q4 Do tell us how does Shield protocol work?
Dr. Rahul Sharma: In brief, shield protocol will save user 2fa secrets into blockchain with one of the our 3-tier encryption model without any third party involvement as centralized system as well as without collect any personal user data that is really big concern as per GDPR and CCPA compliance as security reasons.
Neeraj Bhardwaj: we are focusing on decentralised identity
Q5 You brought up 2FA, how different is shield protocol with google authenticator?
Dr. Rahul Sharma: Shield protocol is totally decentralized platform there are other 2FA also like google authenticator or authy. Though we have mentioned differences in light paper. Our concern is safety of personal details and less use of centralised storage because they are vulnerable to hacks. At present all 2FA are backed up on centralised clouds but we are using blockchain for that purpose of storage which solves two purposes firstly we can work without using personal details and secondly it is far secure than centralised cloud. It is kind of another level where no Personal details are collected, no storage servers yet everything delivered. Specially, google authenticator has not backup facility and other are providing with centralized storage. So, basically we are actually using binance smart chain as an decentralized storage purposes. Further, we will integrate other popular chains like polkadot.
Crypto Shrimp (AMA Host): whenever i switch my phone google auth is a nightmare
Neeraj Bhardwaj: Thats where Shield will be saviour
Crypto Shrimp (AMA Host): cant wait to use it. so from a user end, according to what you describe, we will not see the difference from the UI wise is that rite? cause its all about the technical side of things
Neeraj Bhardwaj: Yes there will be no difference in user experience just making a daily use tool into decentralised so that regular people will use it as simlpe 2FA but will also be introduced to blockchain and crypto world. Basically it will also bring more people to blockchain who are not in here yet. we are providing same tool, with advanced feature and technology.
Q6 If I did my research right, the app is not yet live, I’m curious to know how it works, will it be another code to enter or will it help verify the website you are visiting?
Dr. Rahul Sharma: It will work same like other 2fa apps to scan the code from barcode, so that there is no any change in user experience. Just the change will be in tech side inside the app which user will have to go through only the once and for that also we have provided user guide, just think of it like simple 2fa but in a way of blockchain and you ll get to know it soon as we are not far from a launch.
Crypto Shrimp (AMA Host): thats really exciting to have things we used daily build on our crypto foundation! im sure you will get all the supports from crypto users
Neeraj Bhardwaj: Plus one more thing i want to add
Crypto Shrimp (AMA Host): go ahead
Neeraj Bhardwaj: Shield protocol app includes decentralised 2FA, Wallet, In-app Staking and more security tools to be added in future. We are also competing as a wallet.
Crypto Shrimp (AMA Host): thats huge, a wallet with additional security, I like the sound of that
Neeraj Bhardwaj: Thanks
Q7 I understand that Shield is a second layer of security for user, but how about the security of the codes on the $SHIELD itself, does it mean that there won’t be any audits done for the project itself?
Dr. Rahul Sharma: Our encryptions and security methods will keep everything secure. Three layer encryption model will hash the secrets and then will sync into a public blockchain. Our smart contract already audited by Callisto network and for app, we will do security audit, once we will complete it.
Crypto Shrimp (AMA Host): thats good, scrutiny will only make the security tighter
Q8 What about the use case of $SHIELD token itself? How can one earn rewards?
Neeraj Bhardwaj: As per $shield token use case, it will used for txn purpose as a gas when user will interact with blockchain. Also it can be earned through Staking and other reward programs that we conduct randomly.
Q9 Do let us know what are the long term plans/ roadmap
Dr. Rahul Sharma: Our vision is to make Shield 2FA widely adopted by users of crypto exchanges and social media channels or say our target is to reach each and every internet users. 2FA Authenticator play a very important role in exchanges and none of the 2FA authenticators are on blockchain right now and Shield 2FA being a decentralised application on top of blockchain would give us an edge to attract 100 million+ users, who uses exchanges and even use other 2FA apps that are centralised, that collect their personal info and put their security keys on centralised clouds which are many times being hit with cyber attacks and users being. Also our target is all users using social media and who use online financial data.
To reach these users we have very well planned marketing and partnership plans that will be executed according to schedule.
Ready reference link is here https://shield2protocol.medium.com/introducing-the-shield-roadmap-2021-b291e9c40ec9
Q10 Share with us your links to social media/documents, so as to find out more about Shield Protocol
Dr. Rahul Sharma: Sure.
SHIELD PROTOCOL
Second layer security platform based on Binance Smart Chain.
Website: ( https://shieldprotocol.org ),
Coinmarketcap: ( https://coinmarketcap.com/currencies/shield-protocol/ ),
Coingecko: ( https://www.coingecko.com/en/coins/shield-protocol ),
Twitter: ( https://twitter.com/shield2protocol ),
Telegram: ( https://t.me/shield2protocol ),
Telegram_Ann: ( https://t.me/shieldprotocol ),
Medium: ( https://medium.com/@shield2protocol ),
BscScan: ( https://bscscan.com/token/0x60b3bc37593853c04410c4f07fe4d6748245bf77 )
Crypto Shrimp (AMA Host): great stuff one last question before i unlock the room for the audience to ask questions
Q11 lastly our famous question, do you have any alpha or juicy news that you can share with us today in BSC News?
Dr. Rahul Sharma: Well, yes. Our product is launching next week with 2fa and wallet. Final testing is going on.
Crypto Shrimp (AMA Host): thats great news, and that will be all the questions from me today, thank you once again for your time, do hope that you have enjoyed it and I’m sure we have all benefit from today’s AMA.
Dr. Rahul Sharma: It is our pleasure.
Neeraj Bhardwaj: I was a priviledge to be here
