The growth of the Internet
Nowadays, the internet is one of the best contributors to the world for developing fast with high technology. Although it leads to favorable success, new risks include cases of Online “scam” and uncertainties have created by growth and the development of the internet facilities. These online scams represent fraud, phishing, counterfeits, violation of intellectual property rights, exploiting of brand names, impersonations, identity theft, imitations, slander, misleading of customers, etc.
Cryptocurrency world
According to the above figure, it’s crystal clear that blockchain wallet users are increasing rapidly in the cryptocurrency world.
Impact of scamming on cryptocurrency world
In every minute, more and more people gather around the cryptocurrency world. So, this scamming issue affects more to the millions of people who are new to the cryptocurrency industry mostly during the financial transactions. It has been proven by the researches and studies “Phishing” is the most common form of funds theft during ICOs.
For these kinds of economic tasks, especially in cryptocurrency world “trust” and “secure” are most essential entities. It’s essential to provide full confidence and faithful transaction service to cryptocurrency users. Otherwise, it can affect the growth of the market also.
Nowadays many cryptocurrency users pay much attention to the simple term which having huge impact “Cryptocurrency Scams”. Due to this exigency, tendency and involving to the cryptocurrency world can be decreased to a reasonable amount. This issue affects both crypto users and companies.
Best solution - MyShield Eco-System
MyShield decentralized anti-scam platform
The aim of the MyShield ecosystem is to bring trust to the e-commerce and online market. MyShield will bring trust to the cryptocurrency industry and it allows more users enter to the crypto world.
It can serve fully confident transaction service to the online users. The MyShield platform, based on a pending patent, will include the MyShield application, MyShield blockchain (which will be launched on an existing blockchain), AI-powered Cyber Intelligence Providers, Enforcement services Providers, Guarantee providers, MyShield bounties and the MyShield Trust Stamp. It also will include end-users of the application, companies, and organizations who are looking to protect their brand, website, investment, and clients.
The MyShield model is based on two sources of intelligence
• reports on the potential scam by users of MyShield shared with the community
• providers of AI-powered cyber-intelligence
The AI-powered cyber intelligence provider for the MyShield platform is BrandShield, which has developed an advanced technology for monitoring the Internet and analyzing the potential risk of different online threats.
BrandShield is introducing the MyShield platform that will not only help individual Internet users but will also benefit all stakeholders.
The information from both sources will be recorded and will be used as the source for the alerts and validations. The MyShield decentralized platform includes bounties and since the guarantee of user’s transactions MyShield token is called a “Token of Trust”. It represents by providing value for the scam reports made by users, and for the guarantee, MyShield provides based on those reports.
MyShield Application Features
There are three main features.
• Alert against scam
MyShield will alert users when they reach a scam online item attempting to perform fraud, phishing, sell counterfeits.
• Crypto-transaction validation
Here, MyShield will perform a validation process that matches a wallet number and a website. When a user performs a transaction, the MyShield app will alert the user when the wallet to which the transaction is about to be made does not match the validated wallet of the website.
• Reporting scam
The user allows reporting both an online scam and positive report on website, social media post or a marketplace.
The MyShield Bounties
The MyShield bounties will be created to reward reports of potential scams by MyShield users. This will be created using MyShield tokens contributed by the following:
• General bounty
• Brand bounty
• Community bounty
The MyShield Token
Summary of the token model
The MyShield token will have several uses in the MyShield ecosystem
To get the premium subscription of the MyShield application
To buy additional guarantee programs for their online transactions.
To report scam and be rewarded from the bounty
To encourage users to report on potential online scams.
To paying and validating the MyShield Trust StampTM and the MyShield Trusted Wallet StampTM
Subscription payment by companies and organizations to the BrandShield system
Payment to enforcers with the MyShield tokens.
Token distribution
The MyShield token will be an ERC-20 based token and symbol will be MSLD. It will create one billion MyShield tokens and there will be no inflation or additional creation of MyShield tokens.
Token distribution is shown below.
Token sale event will be performed in three stages with the following pricing
The Price per token in stage 3 will be $0.11.
MyShield will accept Bitcoin and Ether for the tokens sold in the Token sale, based on the exchange rate at the time of the transaction.
Use of funds
MyShield use of raised funds:
MyShield market plan
MyShield’s mission is to provide confident online transactions for people. In the global market, this is the one and only best approach against online scams. Since the increment of the fear of online scam activities in the cryptocurrency world, the cryptocurrency ecosystem will be the first step of MyShield’s as a world’s best Anti-Scam platform.
This is a good project to invest. Do your own research bellow links will help you.
Website :- https://www.myshield.com/
Bitcointalk Announcment Tread :- https://bitcointalk.org/index.php?topic=3179901.msg32931789#msg32931789
Link to my Bitcointalk Profile :- https://bitcointalk.org/index.php?action=profile;u=1760718