Shield OSPrice

(SHIELD)

Shield OS, also known as Shield Protocol, is a Web3 project providing advanced daily security tools for online accounts on the blockchain. It functions as a Second Layer Security Platform built on the BNB Chain. Its core offerings include a decentralized two-factor authentication (2FA) system, a secure crypto wallet, and 4-tier encryption security for backing up secrets on multiple blockchains.

Key features of Shield Protocol include a one-click 2FA backup system on the blockchain, a secure crypto wallet for multiple assets, and a user-friendly interface. It also boasts 4-tier encryption security for backed-up secrets, lists only whitelisted blockchain assets, and offers in-app staking options. The project highlights being the first 2FA built on blockchain, along with no data collection and no centralized storage.

The native SHIELD token serves multiple purposes within the Shield Protocol ecosystem. Users pay SHIELD tokens for blockchain usage fees and to unlock additional features within the application. Furthermore, SHIELD holders can stake their tokens to earn rewards, primarily distributed in SHIELD, with the potential for other tokens to be introduced as rewards in the future.

Staking SHIELD typically allows participation without a minimum amount. Tokens can often be unstaked anytime if not locked for a duration, possibly with an unbonding period. Rewards are generated from protocol emissions and sometimes fees, with Annual Percentage Yield (APY) fluctuating based on total staked SHIELD and emission rates. Multipliers can boost rewards, often tied to lock duration. Risks include smart contract bugs or exploits; thus, users should only stake funds they are willing to lose. Smart contract audits are crucial for assessing security.

Shield Protocol emphasizes security with its robust 4-tier encryption layer specifically designed for data backup. A key indicator of the project's commitment to safety is the completion of proper smart contract audits by reputable security firms. Users are strongly encouraged to review these audit reports, which are usually available on the project's official website, before interacting with the platform or depositing any funds.

The team members listed for Shield Protocol include Neeraj Bhardwaj as Project Officer, Varun Ansari as Web Developer, Shweta as Mobile App Developer, Gio Paul as Graphic Designer, Garry as Product Manager, Andrew Mark as Community Manager, and Izuchukwu Asogwa as Community Moderator. This team composition covers various essential roles from development to community engagement for the project.