Key Notes

Key Notes:

The SHELL token has received immense support through CEX listings including on Binance Alpha.The utility of the SHELL token has been backed by a community of 170k AI creators, over 5 million consumers, and around 200k AI Agents.

MyShell ($SHELL), a decentralized AI consumer layer connecting the community via AI Agents, has made a huge milestone in democratizing the network. Backed by several reputable Web3 venture capitalists – led by Binance Labs, OKX, Dragonfly, Delphi Ventures, Nascent, and Bankless Ventures, among others – MyShell conducted a successful initial DEX offering (IDO) on Binance Wallet and Pancakeswap CAKE $2.53 24h volatility: 4.5% Market cap: $736.08 M Vol. 24h: $278.35 M .

As a result, MyShell announced the opening of the airdrop checker and claim process to reward the early adopters. Worth noting that the company conducted the airdrop snapshot on Wednesday, February 12, 2025. The company intends to airdrop the SHELL tokens to MySoul NFT holders and the MyShell community based on the number of accumulated ShellCoin.

The conversion rate for the MyShell points to the $SHELL tokens will be 600 points to 1 SHELL token. As a result, AI developers and MyShell consumers can claim the SHELL tokens accordingly.

However, the company has cautioned AI Agent operators that any association with the Sybil addresses will result in the deduction of ShellCoin. Furthermore, more than 2.3 million accounts were operated by around 200 individuals.

According to the company’s tokenomics, the ERC-20 SHELL token will have a total supply of 1 billion units. Around 30 percent of the total supply will be allocated for community incentives. Only 4 percent of the SHELL token supply was allocated for the just concluded IDO process.

2/ Allocation:

MyShell adopts a community-centric strategy. Our token distribution:

• Community Incentive: 30%• IDO: 4%• Ecosystem and Treasury: 13.5%• Investors: 29%• Team: 12%• Advisors: 3%• Liquidity: 5%• Marketing: 3.5%For more details:… pic.twitter.com/LnNJoN7EZn

— MyShell.AI (@myshell_ai) February 13, 2025

The company’s ecosystem and treasury will get around 13.5 percent of the token’s total supply while the investors will be allocated about 29 percent. MyShell team will get 12 percent of the total SHELL token supply, while the advisors will get around 3 percent.

The liquidity pools and marketing incentives will be allocated 5 percent and 3.5 percent respectively.

The rising adoption of artificial intelligence (AI) to help solve daily life problems has significantly penetrated the Web3 industry in the recent past. In 2024, MyShell raised more than $11 million to build a fair and open ecosystem of decentralized artificial intelligence.

The company has developed several open-source AI models and also welcomed individual developers to build AI agents effortlessly. Consequently, AI creators have a wider platform for incentives through the SHELL token, which is set to be listed on many top-tier centralized exchanges (CEXs).

Having spent the past two years building powerful AI models and agent frameworks, MyShell has attracted more than 170k AI creators, over 5 million consumers, and around 200k AI Agents. As a result, MyShell is well positioned to grow exponentially in the Web3 space, backed by a robust community of developers and investors.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Let’s talk web3, crypto, Metaverse, NFTs, CeDeFi, meme coins, and Stocks, and focus on multi-chain as the future of blockchain technology. Let us all WIN!

Steve Muchoki on LinkedIn

Marco T. Lanz on X