Announcing: PAL Token Shield 2.0
Since our launch of PAL Token Shield two months ago, we haven’t snoozed on product development as our impeccable team has been working twice as hard to deliver PAL Token Shield 2.0 — now enhanced with simplified design and refined features in for seamless user experience.
Our main goal for this version is to remove the learning curve, allowing everyone to participate and enjoy the benefits of PAL Token Shield.
The idea remains the same:
- Purchase protection by selecting the token you think will go down in value at the end of the day
- Protection can be purchased for as little as 20 PAL. The more you purchase, the greater your potential distribution of the pool if your token goes down in value.
- In the event your token goes up in value instead, then you will receive a 20% rebate of the amount you protected with.
What’s been improved?
Design made simple: We fine-tuned the site layout such that there is less clutter, and we display only the necessary details you need to see. PAL Token Shield 2.0 now lists 5 tokens for users to select — namely Bitcoin, Ethereum, Stellar, Ripple and Litecoin.
Faster results: Pools now operate on a daily 24 hour basis. This means you can get protected and paid out everyday. You are able to purchase protection for the first 18 hours of the day. While the last 6 hours of the day will be used to calculate the final results of the token values.
Lower barrier-to-entry: Anyone can get protected — PAL Token Shield 2.0 allows users to protect their tokens starting from as low as 20 PALs. You are free to purchase however much protection you wish. The more you purchase, the greater your potential distribution of the pool.
Snowball pools: What happens in the event of a draw when all token values go up or all token values go down? The pool is automatically carried over to the next day.
Results: We have also made the results page so much easier to understand at a glance. The tokens are broken up into ones that have gone up in value and gone down in value. You will also be able to see exactly how much you earned from each pool.
Check out PAL Token Shield 2.0 today at www.pal.network/token-shield !
Still not sure how it works? Check out our full guide here!
About PAL Network
PAL Network is a dual-layered protocol that uses data to bridge the gap between consumers and financial providers by providing a new level of accessibility within the finance ecosystem. The company also works with insurers to provide CryptoProtect insurance coverage for digital assets and smart contracts. PAL Network is a member of Singapore Fintech Association and ACCESS. PAL Network’s affiliate entity, PolicyPal Singapore, has an active user base of 50,000 for its app, which helps users to manage, buy and optimise their insurance policies.
Currently, PAL Network has partnerships with insurance companies, FWD and Ergo, to explore potential use cases of our decentralised financial protocol together. Furthermore, we have also established collaborations with blockchain projects NEM, QTUM, Sentinel Protocol, MediBloc, Digix and traceto.io to offer CryptoProtect and mainstream insurance products for the projects themselves, along with their respective communities.
Learn more about PAL Network:
Telegram (Chinese): https://t.me/PolicyPalNetworkCN
Blog (English): https://medium.com/@palnetwork_
Blog (Chinese): https://www.jianshu.com/u/04e398cadb84