1. What is SHFT?

Introduction to SHFT Tokens:

SHFT Tokens actually refer to SAI (Sideshift Ai Token), which is the token of Side Shift AI. Here are the main details about SAI:

• Release Date: August 20, 2019
• Total Supply: 210 million
• Token Overview: SAI is the native token of Side Shift AI, functioning as a Simple Ledger Protocol (SLP) token, an ERC-20 token, and a Liquid exchange settlement network. It represents exclusive services and privileges within the Side Shift AI ecosystem.
• Uses:
• Membership Rewards.
• “Buyback and Burn”: As SideShift matures and improves profitability, SAI will be purchased and burned using profits from SideShift AI.
• Trade Incentives: The trade-driven release of SAI tokens will enable SAI to gain exchange orders. Moreover, traders will receive rebates when using SAI tokens to pay for shift fees.
• Merchant Discounts: Users will receive discounts when paying with SAI at checkout from merchants.

Development Background: SAI was designed by developer Andreas Brekken for the Side Shift AI application.

2. Who founded SHFT?

Based on the provided information, the founder of Tokens SHFT (Shyft Network) cannot be directly identified. However, according to CoinGecko, SHFT is a token that can be traded on centralized and decentralized exchanges, but no specific information about its founder is provided.

It is important to note that SHFT is a different entity from Shift Company (which provides Bitcoin debit card services). Information related to Shift Company primarily pertains to its Bitcoin debit card services rather than SHFT Tokens.

If you need more information about the founder of SHFT, it is advisable to visit the official Shyft Network website or related community forums for more accurate information.

3. What venture capital invested in SHFT?

According to the provided information, there is no direct mention of investment information regarding the Tokens project "Shift." However, a project named "Rise" is mentioned, which is a platform aimed at facilitating the easy payment of salaries using tokens, having secured $8.5 million in seed funding, with investors including Tribe Capital, Jump Crypto, Republic Capital, NGC Ventures, and Original Capital.

If you are referring to another project called "Shift," more specific information or context may be needed to accurately answer your question. The information provided does not directly mention investment information for the "Shift" project.

4. How does SHFT work?

SHFT (Shyft Network) is a token based on the ERC-20 standard used for identity verification and data transmission. Here’s how SHFT works:

1. Data Aggregation and Verification: Shyft Network is a public blockchain protocol for aggregating, verifying, and confirming data stored in private and public ecosystems, as well as in permissioned and non-permissioned networks.

2. Identity Verification and User Authentication: Shyft provides an easy-to-use and secure platform for KYC/AML (Know Your Customer/Anti-Money Laundering) identification and user authentication, ensuring data security.

3. Decentralized Finance (DeFi) Tools: Shyft creates regulatory-compliant tools for DeFi, helping mainstream financial institutions enter and participate in DeFi in a compliant manner.

4. Veriscope Framework: Shyft's Veriscope is a blockchain-based compliance framework and smart Futures solution for virtual asset service providers (VASP), such as token exchanges, non-custodial wallets, and brokerages, in compliance with the Financial Action Task Force (FATF) travel rule.

5. Transaction and Holding: SHFT can be bought and held on token exchanges, such as ChangeNOW.

In summary, SHFT Tokens aggregate and verify data through the Shyft Network protocol, provide secure identity verification and user authentication, support decentralized finance (DeFi) tools, and comply with relevant regulatory requirements.