HathShield is a community-driven project which aims at ensuring the correctness and reliability of projects building on Hathor Network. As with any ecosystem boom seen on various blockchains, there are some bad actors who use the situation to their advantage which results in loss of investor money and confidence. HathShield aims at mitigating these risks by evaluating projects which helps investors make informed decisions.

HathShield was created by a few Community Leaders and veterans of the Hathor Network with the goal of providing more transparency regarding the projects launching on Hathor.

How will HathShield work?

HathShield will operate based on two safety-models:

• KYC - Know your customer
• KYP - Know your Project

KYC

Any project which is building a product on Hathor and wants to be verified by HathShield will have to provide information and documentation(Passports, IDs) which proves the identity and address of those involved in developing it.

On top of this, the KYC process will also include manual verification of the client through an online call. The clients will also have to prove access to the project’s deployer/team wallet and be fully responsible for any situation involving the address.

KYP

KYP will involve a continuous analysis of client projects and will include 3 major points:
1) Risk assessment and management

2) Due diligence

3) Ongoing monitoring and management

Each project will be verified by the HathShield team and will be assigned a Score Stamp based on evaluation and the Score will be anywhere from 1-99. A file will be available to the community which will contain all the information regarding the project which improves transparency.

A fee will be charged for the KYC and verification process which will ensure that projects will have a miniscule amount invested in operational costs which further ensures more security. The fees will be paid in HTR only.

Fees breakdown

• 10% of the fees will be burnt which will reduce circulating supply of HTR and decrease inflation.
• 25% will be stored in a Community Chest which will be used for weekly giveaways through social media
• 20% Marketing
• 20% Team
• 15% Development
• 10% Treasury 

HathShield is focused on providing the best experience to new users and investors of  Hathor Network while ensuring safety by evaluating projects and providing transparency to the community.

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