Shield Protocol Price (SHIELD)

What is Shield Protocol (SHIELD)?

Shield Protocol is First 2FA on Blockchain which integrates 2FA backup with Binance Smart Chain Mainnet, Polygon Mainnet, Fantom Opera Mainnet, KCC Mainnet, WANCHAIN and OPTIMISM Mainnet.

Users can backup and restore their 2FA accounts on Binance Smart Chain, Polygon, Fantom Opera, KCC Chain, WANCHAIN and OPTIMISM Blockchains rather than centralized servers, which also facilitate NO personal data collection of users.

Shield Protocol App also includes multi chain wallet currently supporting BNB Chain, Polygon Chain, Avalanche Chain, Fantom Opera Chain, TomoChain, Ethereum, REEF Chain, Meter Chain, Kucoin Community Chain, WANCHAIN, Telos Chain, Arbitrum Chain and OPTIMISM.

Shield Protocol is taking on the likes of Authy and Google Authenticator — and offers security while eliminating data collection and centralized storage. A simple interface also means it’s a tool that will be accessible for everyday users.

Need for SHIELD 2FA on blockchain?

In every centralised apps today we are facing issues that are concerned with our data. There have been a number of data breaches despite many secure setups companies are using, there is always a hole in the centralized system that gives way for hackers to enter and perform breaches. Even sometimes, if a business uses a 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 key Utilities?

• Fees: Use your shield token to pay for blockchain usage fees. Securing your secrets comes with small fees that can be paid in Shield token and more add on features on Shield app can be paid using token.
• Staking Rewards: Shield users can stake their tokens to earn rewards in shield token or in future partner tokens.
• Bonus:- Shield token holders will be rewarded under different reward programs that will launch from time to time.

How many SHIELD Tokens are there in Circulation?

SHIELD Protocol launched through IDO with 200,000 Public-Sale Tokens Supply on Bakeryswap DEX on February 10, 2021.

Who is the Founder of the SHIELD Protocol?

Rahul Sharma is a Founder & CEO of SHIELD PROTOCOL. He is an experienced security data scientist with a demonstrated history of working in the Data Research Industry from the last 12 years. Skilled in Technology Growth Analyst, Cyber Security Consultant, Artificial Intelligence & Simulation, Multi Cloud Specialist.