FAQ

How much does it cost?

It costs the project zero! We bake the cost into the mint price. We took a twitter poll and asked would you pay 10% more for an NFT if it had a guarantee to pay you back if it was rugged. An overwhelming 78% of people said they would. Therefore passing the cost to the minter is ideal as they are the ones getting the protection. Our fee will vary depending on risk of the project and duration of the insurance but on average it is around 10% of your mint fee. For example, if your mint price is 1 sol then having a shield of trust would now put your new mint price at 1.1 sol (where we get 0.1 of it)

How does a project get the Shield of Trust?

The Shield of trust means we have personally vetted the owners and financials to make sure the road map is viable. Shield will offer a seal of trust by setting projects up the right way.

We will do the following for each project:

• Dox all owners.

• Set up multi signature wallets.

• Project owners will need a sign off from a shield member to withdraw funds.

• We will require the project owners to submit a budget along with a road map showing the project’s viability using the minted funds.

Why would a project want to go through all this?

Because of all these steps taken to set up the project, Shield will guarantee that If the project does fail to complete the road map (aka Rugs), our insurance will refund all holders the original mint price of the NFT. No one is willing to fully refund holders if a project fails. This adds a huge value to anyone willing to go through our vetting process.

Why does your community need the Shield of Trust?

Every project needs a community that trusts the founders. The easiest way to do this currently is to dox to your community. However, at the end of the day all the doxxing companies do is turn names over to authorities. We are proposing a better way to vet and start projects while protecting the holders. What if there was a better way to not only dox but add real value to your project by protecting your investors. This is where we step in. We keep the founder's info private and vouch for the validity and viability of the project. Pair that with the safety net this provides for investors and it's a win-win.

Benefits of the Shield of Trust

No upfront cost therefore it does not cost the project anything. Free marketing to our community that knows and understands the brand. This includes marketing on Twitter and Discord. Immediate trust from your current and future community as well as proving a safety net for your investors.