Shield Finance Completes Fundraising Round With $780K
CoinEdition
Published May 11, 2021 10:40AM ET
Updated May 11, 2021 11:01AM ET
Shield Finance Completes Fundraising Round With $780K
- Shield Finance announces the completion of its private fundraising round.
- The event successfully reached the hard cap amount of $780,000.
- The IDO will take place on May 19th, 2021, 11:00 AM UTC at PAID Network’s Ignition Launchpad.
Denis Gorbachev, CEO of Shield Finance said,
With a number of insurance players in the market, a multi-chain insurance aggregator will naturally attract users as a go-to place to buy insurance. This fundraise will be instrumental in driving the growth and development of Shield Finance.
With that said, Shield will also conduct its public Initial Dex Offering (IDO) on May 19, 2021. This will take place on PAID Network’s Ignition Launchpad at 11:00 AM UTC.
Of note, Shield Finance is a multi-chain DeFi insurance aggregator allowing users to buy protection against major market crashes. These crashes are due to black swan events like hacking, exploiting, rug pulls, and other related DeFi risks. In addition, Shield utilizes an engine to provide custom insurance packages for investors’ needs. With Shield, users can see and select offers from multiple insurance providers without leaving the token platform.
Furthermore, Shield combined with its seasoned team attracted immense support from market innovators. More so, these innovators include Master Ventures / PAID Network, DAO Maker, Zokyo, NGC Ventures, Spark Digital Capital, GD10 Ventures, Titan Ventures, and others.
Over the last year, the decentralized finance movement has been growing. In December 2019, it’s only $700 million, but as of April 2021, it is now over $65 billion. DeFi gives users full control over their money and financial future. However, this freedom comes with some drawbacks. There are several risks they have to take into consideration including market crashes, price volatility, and security issues.
Without a doubt, Shield aims to dominate the crypto insurance market. They are planning to partner with DeFi exchanges, wallets, and farms. Moreover, their platform is launching more exciting features. They plan to release these updates including a web app and an increased number of partnerships with insurance providers.
This article was first published on coinquora.com
Continue reading on CoinQuora
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.