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What is Shyft Network (SHFT) coin and how does it work?

by Financial Economy

Shyft Network is a public blockchain protocol for collecting and validating data stored in private and public ecosystems, as well as permissioned and permissionless networks. Shyft transforms raw data into meaningful information by bridging siled datasets. Information about some topics that what is Shyft Network (SHFT) coin, how does it work, how to buy it, on which exchange, how much is it, its founders, etc. is in continuation of the article. You can browse here for information about  Gifto (GTO) coin.

What is Shyft Network (SHFT) coin and how does it work?

Shyft Network is a public network that facilitates bridging data between existing data ecosystems. The network is not concerned with the processing or surveillance of the data itself, instead allowing data contributors to share encrypted confirmations against externally stored data to network participants of their choosing. All sensitive data is stored in external databases; Only encrypted metadata is stored on the chain.

SHFT Coin is an ERC-20 standard currency of the Shyft protocol launched for identification and data transmission. SHFT is a governance mechanism that promotes coordination between ecosystems.

How to use SHFT coin?

SHFT is a native token that feeds the Shyft protocol. The token acts as a means of payment, a mechanism to bind value, and a tool to capture value. Currency is issued for identification and data transmission and serves as a governance mechanism for coordination between ecosystems. SHFT pays for data validation, storage services and smart contracts.

Shyft features!

Shyft will allow companies to request permission from their users before sharing personal data in accordance with privacy standards such as GDPR, and to send incentive data requests to existing and potential users. Shyft Network offers users an interface where they can view and manage interactions with their data and store rewards from sharing.

SHFT coin founders!

The company was established in Bridgetown Barbados in 2017. It was founded by a group of experienced founders who have collectively started successful companies in the ecosystem since 2012.

The core team of Shyft Network consists of five people responsible for technical detailing, architectural implementation and network development vector. These include Joseph Weinberg and Juan Aja Aguinaco (founders of Shyft Network), Chris Forrester (CTO), Kristofer Coward (Chief Scientist) and Fredrico Nassire (CSO).

Which exchange is SHFT coin on?

Shyft coin is listed on some cryptocurrency exchanges such as MEXC, KuCoin, Gate.io, Bitfinex, Hotbit, etc.

How to buy SHFT coins?

Shyft coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

SHFT coin supply!

Total and maximum supply of Shyft coin is 2.520.000.000 SHFT.

SHFT coin price!

As of May 19, 2022, at the time of the writing, 1 Shyft coin price is around $0,05 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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