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The Shield Finance launched its token’s ICO today

Shield Finance announced its native token’s ICO today. The project is quite interesting, and SHLD is already listed on many watchlists. Analysts think that it has lots of potentials. According to the team, the goal is to raise $150,000 by trading 14,563,107 tokens at an ICO price of $0.0103.

Shield Finance is a Multi-Chain DeFi Insurance Aggregator. It allows customers to buy protection against major market crashes due to hacks, exploits, rug pulls, or sell-offs. The platform utilizes a proprietary aggregation engine and, thanks to it, provides insurance packages for investors and traders.

The $SHLD token holders are able to participate in governance and get staking rewards at 30% stable APY.

However, the $SHLD token’s most important feature is the “buy & burn” program. It redirects 50% of fees generated by customers every quarter to buy the $SHLD token on the open market and burn it. That results in a permanent reduction of supply.

Two of the most successful tokens BNB and FTT, also have a buy & burn program, so the team decided to use it for $SHLD token as well. The token’s ICO is already live.

Token distribution

What about Plastic Finance?

Plastic Finance is another platform launching a successful token ICO today. PLAS is trading for 2 USD per token, and it’s got one of the highest rankings.

The platform aims to be a Dapps, or internal exchanger, along with DeFi and recycle plastic grinds index. Indonesia is in second place worldwide among plastic polluters. So, this company does have potential as part of the recycling plastic supply chain.

The garbage collector can exchange their plastic waste directly for cash by integrating DeFi into a cooperative, mobile app. Meanwhile, the waste collector can choose either saving through DeFi using Binance Smart Contract technology or converting their waste to cash.

PLAS is a BEP-20 token, and 5,736,000 PLAS (24%) are available for sale. However, the total supply is 23,900,000 PLAS.

 

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