Shyft Network [SHFT]
Shyft is the credential verification network with proof-of-sender protocol.
Shyft Network Market Cap
24h Trade Volume
All-Time-High (ATH) Price
Shyft Network's current price is $ 0.641, it has increased +1.74% over the past 24 hours.
Shyft Network's All Time High (ATH) of $ 6.47 was reached on 28 Mar 2021, and is currently -90.1% down.
The maximum supply of Shyft Network that will ever be issued is 322.98 Millions tokens, and the current supply of SHFT in circulation is 55.70 Millions tokens.
Shyft Network’s 24 hour trading volume is $ 159.75 Thousands.
Shyft Network's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 35.73 Millions.
Shyft Network Live Chart
Shyft Network price Index provides the latest SHFT price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Shyft Network to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
SHFT to USD Converter
Shyft Network Quarterly Returns ($)
Shyft Network Closing Price (USD) - Quarterly
|2021||$ 4.02||$ 0.638||$ 0.810||$ 0.427|
Shyft Network Monthly Returns ($)
Shyft Network USD (SHFT - USD) Price Change
|24H||$ 0.011||+1.74%||$ 0.644||$ 0.630|
|7D||$ 0.165||+34.7%||$ 0.644||$ 0.460|
|14D||$ 0.0293||+4.78%||$ 0.644||$ 0.460|
|1M||$ 0.257||+67.1%||$ 0.644||$ 0.353|
|3M||-$ 0.194||-23.2%||$ 0.870||$ 0.353|
|6M||$ 0.0496||+8.37%||$ 1.69||$ 0.353|
|YTD||$ 0.220||+52.3%||$ 0.644||$ 0.421|
Shyft Network Annual Price
|2022||+50.2%||$ 0.644||$ 0.426|
|2021||-86%||$ 6.39||$ 0.353|
What is Shyft Network
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.
Next-Gen DEFI (Project Adaptability)
- 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.
Synthetic Asset Wrap Reward (Ecosystem)
- 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.
VASP Ecosystem Initializer
- 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.
- 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.
- 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.