Hello Everyone,
MyShield is a decentralized platform that warns users when they reach fake websites, counterfeit sales and many other online scams. The platform is supported by two pillars: AI POWERED CYBER INTELLIGENCE provider and potential fraud report from the MyShield community. MyShield users are given incentives by the crypto currency model to earn prizes in Shield tokens, a sign of trust. The MyShield platform synergizes stakeholders under one ecosystem, providing confidence for everyone.
Ecosystems
The MyShield Platform will bring different stakeholders together into one ecosystem - these stakeholders include users, companies, AI-powered virtual intelligence providers, warranty providers and law enforcement service providers. The MyShield Platform will leverage BrandShield's powerful technology, to monitor the Internet and analyze the potential risks of different online threats. BrandShield technology is currently used by top global brands to protect them from online fraud. BrandShield will be the first, potentially numerous, provider of AI Powered Cyber Intelligence.
Token Economy
MyShield ™ users are incentivized by the crypto currency model to get prizes in MyShield tokens, a trust sign.
The MyShield ™ platform synergizes stakeholders under one ecosystem, giving everyone confidence.
THE PROBLEM
Driven by growth of e-commerce, as well as the sophistication of hackers, sales of counterfeit and pirated goods are estimated to reach up to $2.81 trillion in 2022 annually. In the cryptocurrency industry scams pose an even greater challenge.
According to an Ernst & Young research from January 2018: 10 percent of funds raised in ICOs has been stolen. Hackers steal up to US$1.5 million in ICO proceeds per month. The magnitude of this problem poses a risk on the growth of the entire cryptocurrency industry.
THE SOLUTION
The MyShield decentralized anti-scam platform, will enable users to perform their day to day online transactions in full confidence.
MyShield will provide a solution to users that will alert them of online scams. 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 platform includes:
- MyShield application
- MyShield blockchain
- AI powered Cyber Intelligence Providers
- Enforcement services Providers
- Guarantee providers
- MyShield bounties
- MyShield Trust Stamp
Alokasi Token
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.
WHAT IS THE MYSHIELD TOKEN MODEL?
The MyShield Token Model is composed of various parts, all merging together to bring a powerful and disruptive tool against online scams.
The token can be used in several ways:
REPORTS
Users interested to report scams and be rewarded from the bounty will be required to deposit tokens. If they are found right, the tokens will be returned in addition to their share of the bounty.
BOUNTIES
Intended to incentivize user to report scam, bounties will be created by MyShield, by companies and by users.
PREMIUM SUBSCRIPTION
a basic level of guarantee and ability to gain bounties when correctly discovering online scams.
GUARANTEE PROGRAMS
On top of the basic guarantee provided in a Premium subscription, users can purchase guarantee programs for transactions.
MyShield Trust Seal and MyShield Trusted Wallet Seal : Companies can purchase this with MyShield tokens, 50% of tokens are paid to the validation officers of the seal.
MyShield will be issuing a finite amount of 1 billion MyShield tokens. There will be no inflations or additional issuances 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%
MYSHIELD USE OF RAISED FUNDS
Subject % from net funds raised
User acquisition and marketing promotions 30%
R&D 30%
G&A 25%
Sales 15%
Roadmap
Description Time
- Q1 2013: BrandShield Foundation
- Q2 2013: BrandShield SaaS beta launched
- Q4 2015: BrandShield launches Marketplaces Module
- Q2 2017: BrandShield launches Social Media Module
- Q3 2017: MyShield concept developed
- Q4 2017: BrandShield anti-phishing offering for crypto launched
- Q1 2018: MyShield Token Pre-sale launch
- Q3 2018: TGE End Q2 – Beginning
- Q1 2019: Launch of user application – beta version
- Q3 2019: Additional implementation - chrome extension
- Q4 2019: SDK to wallets
- 2020: Expansion from crypto anti-scams to general ecommerce anti-scams
For More Information:
WEBSITE :https://www.myshield.com/
WHITEPAPER :https://www.myshield.com/whitepaper/
FACEBOOK :https://www.facebook.com/MyShield-2100067243610742/
TWITTER :https://twitter.com/MyShield_TM
TELEGRAM :https://t.me/MyShield_TM
Bitcointalk name :Monyong
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