The decentralization of insurance can be achieved through the use of blockchain technology and smart contracts. This enables the creation of an insurance product that does not rely on traditional insurance intermediaries, and can be accessed by anyone, anywhere, at any time, using a smart phone. This is made possible by a tokenized community of insurance guarantors that share their autonomy and the risk of insurance protection.
Shield Finance is a company that is based out of Hong Kong and focuses on Insurance products and services. They’re an insurance aggregator which is a financial services provider that does not provide insurance products directly to customers. Instead, they act as an intermediary, or broker, between insurance companies and their customers.
Chiang Mai, Thailand, 11. May 2021,
Shield Finance, a multi-chain DeFi insurance aggregator that will be deployed on the Polkadot, Ethereum, Binance Smart Chain and Solana blockchains, today announced the completion of a private funding round that raised a solid $780,000. Private investors.
Shield Finance’s potential, combined with an experienced team, has received significant support from industry innovators such as Master Ventures / PAID Network, DAO Maker, Zokyo, NGC Ventures, Spark Digital Capital, GD10.Ventures, Titan Ventures and others.
In the past year, the decentralized financial movement has grown exponentially from $700 million in December 2019 to $65 billion in April 2021. DeFi gives users complete control over their money and financial future, but this freedom comes with some drawbacks. As thousands of retail investors enter the attractive WiFi market, they must consider various risks, such as market crashes, price volatility, and security issues. Until recently, DeFi had no insurance options to allow users to invest confidently in these new financial products. Things are about to change.
Shield Finance is a DeFi insurance aggregator that focuses on protecting token investments from hacks, carpet rips, market crashes and other DeFi risks. This is done through a proprietary aggregation mechanism that offers insurance packages tailored to the needs of investors. Shield Finance can be described as a Skyscanner for deFi insurance; users can browse and select quotes from multiple insurance providers without leaving the tokenized platform.
Insurance plays an important role in the DeFi to limit the risk of your investments. Since there are many insurance providers in the market, a versatile insurance aggregator that serves as a place to buy insurance will naturally attract users. This fundraising will support the growth and development of Shield Finance. Denis Gorbachev, CEO of Shield Finance
Shield Finance aims to dominate the cryptocurrency insurance market by partnering with DeFi exchanges, wallets and farms. The aim of Shield Finance is twofold: to make taking out DFI insurance simple and straightforward and to offer the most advantageous DFI insurance packages on the market.
As the Shield Finance platform launches, more and more exciting features will appear, including a web application and extensive partnerships and integrations with insurance providers and DeFi platforms, including exchanges, portfolios and farms.
Shield Finance plans to complete the development of the platform after IDO’s public launch on PAID Network’s Ignition Launchpad industrial crowdfunding platform (timeline?). Ignition operates as a decentralized exchange protocol that allows blockchain-based token projects to offer their private and public auctions to participants via PAID Network and Polkadot technologies. Building on the strength of the PAID Network community and the popularity of the Ignition Launchpad platform, the success of the Public Finance IDO Shield is all but assured.
Shield Finance IDO takes place on the 19th. May 2021 at 11:00 UTC Ignition – IDO Launchpad on PAID Networkon PAID Network will occur.
About Shield Finance
Shield Finance is a multi-channel DeFi insurance aggregator that allows users to purchase protection against major market crashes due to black swan events (hacks, exploits, carpet ripping, sell-offs). Developed by Master Ventures (MV Fuel), Shield uses a proprietary aggregation mechanism to offer customized insurance packages that meet the needs of investors. The $SHLD token enables management and offers a stable 30% bid reward – but the most important feature of the $SHLD token is the Buy & Burn program. Each quarter it redirects 50% of the commissions it receives from users to buy and burn the $SHLD token on the open market, resulting in a steady reduction in the supply of.
Communication with Shield Finance:
- Denis Gorbachev
- [email protected]
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