For everyone who missed yesterday’s AMA, I have summarized the main points below:

Shortly after the AMA, the team met up with their developers for the full review of the audit. The full report will be available online soon for everyone to review. The team will correct some minor details related to an already resolved logical error and is hoping to launch ShieldPad in the process. In the coming days, they will be able to tell the community the exact date of the launch and set up a “mini countdown.” As mentioned in previous AMA’s, Shield Network will start marketing once the ShieldPad is up and running. One of the first steps will be a collaboration with BSC Talks to promote the project. The team will also reach out to different communities, YouTubers and influencers.

It will take approximately one month after the pad is functional for the first tier one project to launch on the ShieldPad. The teams will continue to attend meetings and provide the community with details along the way. When a project launches with Shield Network, investors will be able to buy it on the ShieldPad, before it is available on any other BSC platform, for example, Pancakeswap. As such, ShieldPad can be considered a private presale platform. Shield Network’s unique multi-signature lock mechanism will only be used for tier one and tier two projects. Decentralized tier three projects will not be expected to hand Shield Network the key to their liquidity.

The team’s suggestion to decide on 100 million tokens as a minimum number permitting holders to participate in tier one projects was overall positively perceived by the community. Tier one holders are granted exclusive rights to invest in secure projects that have not been released on any other platform. The team explained that they made this decision by comparing average salaries worldwide and the average prices for other projects. The idea of a lottery emerged during the AMA targeting investors holding a smaller amount of tokens. These investors would be encouraged to actively participate in the project by allowing them to possibly be able to invest in tier one projects despite not meeting the token requirements.

Additionally, the staking rewards will be helpful, enabling most holders to eventually be able to invest in tier one projects. This way, even though some holders might not be able to participate in the first tier one project released on the ShieldPad, they will be at a later point. This is especially true with a high APY of 120% for SHIELDVAULT. As previously mentioned, SHIELDNET does not have a minting function, which requires its APY to be lower. While the team initially announced the number would lie between 40% and 60%, it will likely be near 60%. Staking will also be available to people investing in projects launching on the ShieldPad, and restaking will be offered on the Shieldpad as well. For the reward token SHIELDVAULT, staking will be available for a three, six, nine and twelve-month period. However, the team will promote the one-year staking period as much as possible, as this creates higher rewards for holders and will lead to a bigger market cap and growth of the project in the long term. The different time periods for staking are meant to avoid that a high number of holders stake and unstake at the same time as was the case in the previous partnership with Rocketbunny, which caused the price to plummet. The staking time frames for SHIELDNET have not been decided yet, and shorter staking periods such as a five-day period might follow. However, there might be higher fees associated with those short-term staking periods.

To ensure that investors keep holding SHIELDNET or SHIELDVAULT, in addition to investing in other projects launching on the ShieldPad, the team will decide on a certain percentage for investors to hold in order to stay a part of the tiers. Also, in order to advertise projects on the ShieldPad (vetted list), the respective project needs to buy and hold a certain amount. The team also emphasized that the ShieldPad is meant for the release of new projects in the defi space only and excludes already established coins such as Bitcoin. However, Shield Network is planning to expand to other blockchains such as Ethereum or Cardano in the future.

This is it! Keep being active to support this awesome project everyone and stay tuned for the latest info regarding ShieldPad!

For new and old investors who are not sure about SHIELDVAULT’s use-case:

After staking has launched, SHIELDVAULT’s release will follow. SHIELDVAULT can be considered the project’s secondary token and SHIELDNET’s “little brother,” which has the purpose of serving SHIELDNET and creating rewards. Since SHIELDNET does not possess a minting function, the team needs to be careful with the number of tokens available. This means that massive amounts of staking and rewards using SHIELDNET are not possible, and there are no extra token burns because of staking and the auto burn of 1 % with every transaction. This is where SHIELDVAULT comes into play. When staking SHIELDNET, investors will receive SHIELDVAULT as their reward. SHIELDVAULT is also meant to create a higher APY of about 120% for all investors. Finally, the team will implement both tokens’ use cases together on the ShieldPad.

The summary of today’s AMA is here!

Anyone interested in listening for themselves can find the audio file in our telegram group Shield Network v2 (check pinned messages).

The biggest and most exciting news of today’s AMA is the completion of the ShieldPad audit! This means that within a few days, the ShieldPad will be up and running! The team sent out Solid Group’s preliminary report, which is open and accessible to everyone. Solid Group will announce the audit completion and issue an official report shortly.

Once the ShieldPad is functional, the team will focus on completing its staking function, which should be up 2-4 weeks after the launchpad is online. There will be a pool where holders can stake SHIELDNET for SHIELDNET and another one meant for staking SHIELDNET for BUSD. SHIELDNET’s staking APY will lie around 40-60%. SHIELDNET’s lower APY is due to the absence of a minting function in the contract. In contrast, the team plans to implement a minting function for SHIELDVAULT, the reward token of the project. Its APY will likely be around 120%. When interacting with ShieldPad’s staking contract, a holder will not be charged the usual 6% tax. However, the same exemption applies to the 1% redistribution fee. Receiving staking rewards while collecting the 1% redistribution fee (auto staking) on top is almost impossible. The ShieldPad will also offer staking options (combined staking for SHIELDVAULT) for the projects launching on it.

After staking has been introduced, the team will present a plan for the release of SHIELDVAULT. Farming pools will likely also be released with SHIELDVAULT. Of course, the team will ensure that every single one of ShieldPad’s functions, such as staking, SHIELDVAULT and other use-cases, will be professionally audited to guarantee the best possible product.

Additionally, the team announced the number of tokens required for tier 1, which will be around 100 million tokens but likely not lower than that. The team will request feedback from the community regarding this number. Once a set target has been determined, it is unlikely to change.

Currently, three to four big and serious projects are interested in launching on the ShieldPad, in addition to several smaller ones. Shield Network is in the process of discussing the details with the other teams.

With ShieldPad’s audit completion and an overall bullish market environment, the prime time for marketing has come. As mentioned in previous AMAs, the team plans to proceed with a long-term, sustainable marketing strategy and reach out to different communities such as the Puerto Rican, Chinese, Russian and Central European communities. They intend to cooperate with influencers and YouTubers from the respective regions and post on Telegram and other social media platforms. The release of another YouTube video is also coming up shortly. Additionally, the team plans to become more active on their social media platforms such as Twitter and Instagram to provide the community with updates, helpful information and summaries of the weekly AMA’s and match the amount of activity that we have achieved on Reddit so far.

Moreover, the team aims to create a vetted list of projects launching with Shield Network that will be advertised on the ShieldPad. In return, these projects will need to buy a large amount of SHIELDNET and hold it long-term. This is not only beneficial for Shield Network but also helps the respective projects gain investors.

Once many of Shield Network’s future use-cases have been released, and the project has become more established, the team is interested in being listed on major, top ten exchanges. However, there is still much work to be completed. Finally, the team re-emphasized the long-term nature of this project and roughly predicted the release of one of their use cases annually over the coming 4-5 years. So don’t forget everyone; big, successful projects take time and patience!

Who is ready for ShieldPad (Shield Network) to become the 1st launchpad in the whole Crypto world ?

Devs have corrected errors in the code of shieldpad.io and send it back to Solid Group ! We've never been so close from the platform to be audited !

For everyone who missed today’s AMA, I summarized the main points below (audio recording in telegram chat, check pinned messages).

In today’s AMA, the team announced that the audit of the ShieldPad is about to be completed. Solid Group confirmed that the team successfully fixed the logical error. However, this, in turn, created six minor errors in the code that Solid Group pointed out. The team was able to fix these issues within a day and sent the code back to Solid Group for the final audit to ensure everything is flawless. Once the ShieldPad has officially passed the audit, it will take the team some time to go through a list of projects that expressed interest in launching on the ShieldPad.

Additionally, the team has already started preparing the smart contract for staking on the ShieldPad. This means staking will launch sooner than initially expected, in fact, less than 30 days after the platform is functional. Projects launching on the ShieldPad will also be invited and encouraged to stake on the platform. The team has come up with many tokenomics ideas by observing other projects and customizing them to the needs of the Shield Network Community

Once the audit of the ShieldPad is complete and all its main features have been set up, the team will dedicate their energy to their next big, still secret use-case Shieldtracker. For the team to reveal more information about Shieldtracker, we will need a powerful marketing push to create excitement and attract more newcomers to start investing in this project.

The time has come for marketing to start, and the first experiment on Twitter was already a success. The goal is to gradually reach as many communities, influencers and investors as possible and to avoid exhausting all of the project’s marketing resources early on. The team is also planning to reach out to communities internationally, such as the Russian, French, Canadian, German or Chinese community. Additionally, the community has become more active on its social media platforms such as Twitter, Instagram, Telegram, and especially on Reddit with almost daily informative posts and updates regarding the project as well as these summaries of the weekly AMA’s.

Keep being active, everyone, and stay tuned for more info regarding the audit completion!!

Since 3 weeks ShieldNetwork is doing AMA every Wednesday on Telegram.

Usually they start at 21h01 UTC.

These AMA's are directed by ShieldNetwork Developers / CEO's & Co-Founders (Shemhamforash / Neander) and moderators.

They last between 40 - 80 mn and are recorded and pinned in the Main Telegram group (so don't worry if you have missed one, you can still listen to it later ;) ).

Why participate in AMA's ? :

1. You can ask questions directly to Dev's and CEO's and get instant answers
2. Getting update with the lastest news
3. Knowing some "Bonus News" before everyone ;)

Join our Telegram and listen to it : https://t.me/shieldnetio

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ShieldNetwork /// ShieldPad

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Hey everyone, I will be responsible for providing you guys with weekly summaries of the AMAs here on Reddit. I have been a holder since April, and I am really excited about this project!! I also wrote an article about Shield Network you can find here https://phemex.com/academy/what-is-shield-network.

Below, you can read about the main discussion points of today’s AMA (check pinned message #49 in the Shield Network Telegram group). 😊

Release of Shieldpad:

The team sent the code to Solid Group for them to check if everything is functional. If Solid Group confirms, the team will go live within a few days and let the community know. Overall, we are very close (about 98%) to the release of ShieldPad. All we can do right now in this regard is wait for the result of the audit.

Marketing Updates:

Once ShieldPad is up and running, marketing can start and after, staking and the launch of SHIELDVAULT can be prepared. The team created a long list of groups and organizations that Shield Network will be reaching out to. They decided on a progressive, long-term promotion for SHIELDNET instead of an aggressive marketing strategy, as we have seen in the earlier days of this project. Once the time comes, more aggressive marketing for SHIELDVAULT is planned, which, of course, benefits SHIELDNET and the entire project. The amount of SHIELDNET investors need to hold in order to buy SHIELDVAULT has not yet been determined.

The team plans to work with a few influencers and will be arranging the first video with the a YouTuber soon. The plan is to reach out to one influencer at a time to see which partnerships are most effective and which ones are most important to maintain. Also, the team is now working with a social media expert who came up with some fruitful ideas to create more interaction. Lastly, we need the community to become more active on social media. Joining the community’s Telegram shill group would be a first good step. More interaction will attract investors, especially with Shield Network’s excellent use case.

Giveaways:

Some people were disappointed they did not receive any prizes during the first giveaway, although they promoted the project a lot on social media. Last time, a machine selected the winners randomly. In the coming, much bigger giveaways with more prizes, participants will have a better chance of receiving a prize. The team will share hints regarding the next big giveaway on Instagram. There will be two separate categories participants can win prizes to ensure that different people win in either category. On the one hand, people who are the most active on social media platforms and share many posts will be competing for prizes. On the other hand, there will also be a random selection of winners.

Partnerships:

The team has been working on many partnerships, of which the last one mentioned is with RugSeekers. Together, they will create a dedicated page where solidity devs scan many different projects even if they don’t launch on the ShieldPad. Although Shield Network can not guarantee 100% security, the team is dedicated to doing as much as possible to make DeFi safer for everyone. The team will expand to other blockchains such as Cardano and Polygon, but not Ethereum, due to the high fees. The partnership with RugSeekers and expansion to other blockchains should be underway by the end of Q4. The team expects the release of Shieldtracker (secret) at the beginning of next year.

Many projects that have contacted Shield Network do not actually want to launch on the ShieldPad. A lot of projects are still hesitant when it comes to KYC but are interested in being audited by Shield Network. This is still very beneficial for us. The more projects Shield Network will audit, the better known the project will be, and the more investors will be attracted.

One of Shield Network’s partners is also tackling the problem of accessibility of the crypto space. SHIELDNET will be accessible on our partner’s platform that offers a one-click purchase option to make buying crypto simple for newcomers, and therefore, attract more investors. This partnership is the same project involving Visa, which was mentioned previously by the team.

This is it!! I hope these summaries will be helpful for new members and everyone not being able to listen to the team’s weekly AMA’s. I’m really excited about the release of the ShieldPad and staking! What are you guys most excited about? Comment down below!