Name: Shyft Network
SKU: SHFT
Price: 0.007596687858 USD

SHFT is a currency for identity and data transmission, as well as a governance mechanism for coordination across ecosystems that enables entity-to-entity governance, compliant asset creation, and a system for compliant defi and other applications. Enabling a new side of the existing ecosystem can expand the size of market participants and increase the size of asset participation across all decentralized projects, protocols, and marketplaces.The purpose of SHFT is to fuel smart contract automation designed to enable holders of SHFT to interact with and exchange information with application providers and trust anchors within a number of industries, including financial services, and improve compliance procedures for applications and trust anchors by involving them to attest to the identity and potentially the risk profile of network participants.<h3>Ecosystem Development</h3>Next-Gen DEFI (Project Adaptability)<ul><li>To allow for the Shyft Network project to encompass and adapt to updates in the ecosystem as a whole, an allocation has been provided to allow for the engineering/production of services and utilities for this purpose, beginning on month 39 in daily distributions over a 12-month period.</li></ul>Synthetic Asset Wrap Reward (Ecosystem)<ul><li>Gives individuals a reward for holding other erc20-based assets on Ethereum within the Shyft Network smart contracts (e.g. Shyft-wrapped USDT), distributed in equal instalments over 10 years. Incentivizes participation in the total Shyft Network smart-contract stack e.g. allows for easy use of Trust Channels when regulations require/incentivize participation.</li></ul>VASP Ecosystem Initializer <ul><li>For the purposes of establishing our VASP/travel rule-related products that interact/support the Shyft Network compliance-related software stack, a small allocation has been provided on months 2–4 to incentivize the business-related relationships that will bootstrap this process.</li></ul>Shyft Treasury <ul><li>The Shyft Network will maintain a treasury composed of unallocated SHFT assets from advisors, partnerships, purchasers, et al. A portion of these assets may be distributed by way of decentralized consensus through community DAO-structures.</li><li>Our intention is to maintain these assets in the treasury until they can be allocated for their proper purposes, based on multi-year deployment schedules.</li></ul>

Shyft Network IDO

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Shyft Network — Token Distribution and Economics

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Shyft Network IDO Details:<blockquote>- Only whitelisted users will be allowed to participate in the IDO. To register your interest, you must submit the whitelisting form.</blockquote><blockquote>- If you are a $POLS holder, please follow&nbsp;<a href="https://support.polkastarter.com/article/9-how-to-participate-in-pols-only-pool" rel="noopener noreferrer" target="_blank" style="color: inherit;">these instructions on how to participate</a>&nbsp;in a Pool exclusive to $POLS holders.</blockquote><blockquote>- Non $POLS holders&nbsp;can also participate in a standard pool and claim tokens, just follow&nbsp;<a href="https://support.polkastarter.com/article/6-how-to-participate-in-a-standard-pool-and-claim-your-tokens" rel="noopener noreferrer" target="_blank" style="color: inherit;">these instructions</a>.</blockquote><blockquote>- Shyft Network will be allocating $500,000 worth of SHFT tokens to the Polkastarter IDO, at $0.20 per token.</blockquote><blockquote>- Contributions will be accepted from valid (non-exchange), whitelisted ERC20 addresses.</blockquote>To promote a fair and transparent distribution of SHFT tokens, Shyft Network will employ a random lottery to select whitelisted users. We will work with the Polkastarter team to shortlist valid ERC20 addresses, as well as disqualify dishonest participants, such as bots or duplicate entries.The Polkastarter IDO Whitelisting phase will open on March 15th at 4:30 PM UTC and will close on March 19th at 4:30 PM UTC.*To make yourself eligible for the whitelisting lottery, you must Register to fill out our Whitelisting form here:&nbsp;<a href="https://id.shyft.network/request" rel="noopener noreferrer" target="_blank" style="color: inherit;">https://id.shyft.network/</a>.Also, don’t forget to:<ul><li>Join the official&nbsp;<a href="https://t.me/shyftnetwork" rel="noopener noreferrer" target="_blank" style="color: inherit;">Shyft Network community channel</a>&nbsp;and the&nbsp;<a href="https://t.me/ShyftAnnouncements" rel="noopener noreferrer" target="_blank" style="color: inherit;">Shyft Network Announcements channel</a>&nbsp;on Telegram.</li><li>Follow Shyft Network and Polkastarter on Twitter:&nbsp;<a href="https://twitter.com/shyftnetwork" rel="noopener noreferrer" target="_blank" style="color: inherit;">https://twitter.com/shyftnetwork</a>&nbsp;<a href="https://twitter.com/polkastarter" rel="noopener noreferrer" target="_blank" style="color: inherit;">https://twitter.com/polkastarter</a></li></ul>Shyft Network | Polkastarter Treasure HuntThe Rules:1) Request a portal invite by email (<a href="https://id.shyft.network/request" rel="noopener noreferrer" target="_blank" style="color: inherit;">https://id.shyft.network/request</a>).2) Check your inbox for the Shyft email and click on Create My Account.3) Fill out KYC.4) Go to the Dashboard —&nbsp;<a href="https://id.shyft.network/dashboard" rel="noopener noreferrer" target="_blank" style="color: inherit;">https://id.shyft.network/dashboard</a>&nbsp;— Click on Manage ERC20 Address and enter your address for the whitelist.6) Click on Answer the Quiz Question and complete the question.7) If you win a spot you should receive an email before Tuesday, March 23rd.

Shyft Network

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