Binance, the world's largest cryptocurrency exchange by trading volume, announced its 10th HODLer Airdrop project, featuring MyShell (SHELL). This new token will also be listed on Binance's spot market, providing users with another AI-focused crypto asset.
What Is MyShell?
MyShell is a decentralized AI consumer layer, designed to connect AI creators, consumers, and open-source researchers. The project aims to disrupt the current AI industry by offering an open-source alternative to centralized models controlled by large corporations. MyShell's core components include open-source AI models, an AI agent development platform, and fair value distribution provided through multiple monetization models.
MyShell Tokenomics: Shell Distribution
SHELL is the native governance token of MyShell, granting holders access to premium features, creator support, and payment facilitation. The total supply is one billion tokens, distributed as follows: 30% for community incentives, 29% for private sale investors with a one-year cliff and a three-year unlock period, 5% for HODLer Airdrop, and 1% for Binance wallet airdrop.
Binance Listing: Key Information for Users
Binance will list SHELL on February 27, 2025, at 13:00 UTC, offering trading against BTC, USDT, USDC, BNB, FDUSD, and TRY. The exchange has applied a 'Seed Tag' to SHELL, marking it as a high-risk, early-stage token that requires due diligence. Following the listing announcement, SHELL's price surged over 40%, highlighting strong investor interest in AI and blockchain convergence.
The MyShell listing on Binance highlights the growing interest in AI tokens and the potential of decentralized AI projects. The BNB holder airdrop will strengthen the position of Binance's token, underlining its utility.
