Shyft Network Announces Launch Date of Polkastarter IDO
By: Shyft Network
Tags: Blockhain, Decentralized Exchange, Polkastarter, Cryptocurrency, Defi

Barbados, March 12, 2021 — Shyft Network is excited to announce its Initial DEX Offering (IDO) on Polkastarter, which will take place on March 26th, 2021.

Shyft Network, the blockchain-based identity verification platform that enables compliant DeFi for institutions, has completed its latest sale round with major industry participants including Spartan Group, Coinfund and GSR.

Highlights

Shyft Network recently announced the completion of its strategic token sale.

Star studded list of industry backers, include Spartan Group, Bitfury, Blockchange, Morningstar Ventures, CoinFund, BlockTower, Maven 11, Connect Capital, GSR, Bering Waters, LD Capital, Ybb.io, CoinIX, TRG Capital, and Digital Finance Group.

Shyft Network’s Travel Rule solution, Veriscope, formalized its onboarding model with a task force composed of key industry leaders and liquidity providers, which include Binance, Bitfinex, Huobi, Tether, Unocoin, among others.

With the successful conclusion of the strategic sale, Shyft Network is diving into the next phase of the community distribution round. It’s time to provide the community with a fair opportunity to be a part of the Shyft Network journey by participating in our public distribution sale on the permissionless auction platform, Polkastarter.

The Polkastarter IDO will take place on March 26th, 2021. We will soon be releasing details on the whitelisting process, the number of whitelisted addresses, maximum allocation, and minimum allocation which will be communicated through our social media platforms. Make sure to follow all our social channels to stay ahead of the latest updates and developments.

All proceeds from the SHFT Polkastarter sale will be directed into DAOs and used to provide grants to the Shyft Network community of developers and users, based on decentralized consensus. These proceeds will not be available for use by Shyft Network Inc.

About Shyft Network

Shyft Network is a public protocol designed to aggregate and embed trust, validation and discoverability into data stored on public and private ecosystems, and facilitate information transfer between permissioned and permissionless networks. By incentivizing individuals and enterprises to work together, Shyft Network allows for the layering of context on top of data, turning raw data into meaningful information.

About SHFT

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.

About Polkastarter

Polkastarter is a permissionless protocol built for cross-chain token pools and auctions, enabling projects to sell tokens on a decentralized and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to sell and exchange assets cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.

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