Potential of MyShell
MyShell is a decentralized AI consumer layer that bridges the gap between users, AI agent developers, and open-source researchers. It starts as an inclusive platform that allows anyone to create, distribute, and earn from their AI agents.
It contains value infrastructure to encourage builders to create AI Agents effortlessly and be able to earn from them.
MyShell Products
- Self-Developed Open-Source AI Models: MyShell has created multiple open-source AI models, including text-to-speech and large language models. Over time, more existing technologies will be open-sourced and made available for seamless integration.
- AI Agent Development Platform: It provides an intuitive platform for individuals to build AI agents with ease. Creators can leverage various AI models, integrate external APIs, and collaborate with third-party service providers.
- Fair and Rewarding Ecosystem: Creators not only earn revenue when their AI agents are used but also receive platform-native incentives and potential patron funding. As the protocol connects to a permissionless blockchain for global liquidity, creators will have better access to money-making opportunities. This will let AI agents reach their full economic potential.
Proven Market Traction
Backers: MyShell has gone through four funding rounds, raising over $17.48M in total from prominent investors like Dragonfly Capital, Delphi Ventures, and Hashkey Capital.
Source: Cryptorank
These investors significantly contribute to MyShell’s selection for Binance Labs’ Season 6 Incubation Program, demonstrating its credibility and potential. MyShell received investment and support as part of Binance’s push to nurture innovative projects.
Besides, the overwhelming oversubscription of its IDO (February 14, 2025) with 145K+ BNB staked reflects strong community enthusiasm.
MyShell is being supported by prominent backers and its strong community, together with its core value contributing commercially to builders via creating AI agents, proving its potential to be worth noticing.
SHELL Token Information
Token allocation
Total supply of 1B $SHELL tokens allocated as follows:
- Community Incentive: 30%
- Private Sale: 29%
- Advisors: 3%
- Team: 12%
- Marketing: 3.5%
- IDO: 4%
- Liquidity: 5%
- Ecosystem & Treasury: 13.5%
Airdrop
According to previous article, Binance has officially announced the listing of MyShell (SHELL), the 10th project in the HODLer Airdrops program. This listing will introduce SHELL trading pairs with BTC, USDT, USDC, BNB, FDUSD, and TRY.
Users who lock their BNB between February 14, 2025, at 00:00 (UTC) and February 18, 2025, at 23:59 (UTC) will be eligible to receive $SHELL allocations.
Token Utility
- Provides top-tier rewards and advertising incentives for outstanding AI Agents.
- It serves as the primary payment method for entertainment and tools within the MyShell ecosystem.
- It reflects the overall value of ecosystems. As more popular AI Agents emerge, their value will expand and grow globally.
- The Shells community serves as the backbone of the multi-agent economy, marking the beginning of an exciting new chapter.
Source: MyShell
SHELL Price Prediction
In order to estimate $SHELL price, we’ll consider these factors:
Comparison with $KAITO: Although in the same AI sector, the intrinsic value or fundamentals of $SHELL are considered weaker than $KAITO (Kaito AI). $KAITO possesses strong backers and unique value propositions, leveraging AI for Web3 data analysis. In contrast, $SHELL, tied to MyShell’s AI consumer layer, may lack the same level of groundbreaking utility and market differentiation.
$SHELL has already undergone its TGE, which occurred on February 13, 2025. Unlike tokens approaching their TGE, which often see pre-launch hype, $SHELL’s price momentum may proceed a hard shake after Binance listing event.
The initial DEX offering on Binance Wallet at PancakeSwap was significantly oversubscribed, reportedly at a rate of approximately 3000%. This result indicates strong initial demand but also suggests that much of the speculative hype has already been priced in, potentially leading to profit-taking or reduced momentum afterwards.
$SHELL is trading at approximately $0.59, with a FDV of around $600 million (total supply of 1 billion).
Source: CoinGecko
The spot listing on Binance today (February 27, 2025) and the HODLer airdrop could help drive the price up slightly at $0.70–$0.75 before being expected to receive a heavy drop afterward. This is because the Binance listing, amidst the project token’s excessive price surge, has rendered purchasing positions unsafe.
Consequently, the move to list on Binance Spots is considered a strategy to leverage the platform’s vast liquidity for a token sell off.
This also brings to mind Cookie DAO (COOKIE), another AI Agent narrative project, which listed on Binance on January 10th and subsequently experienced a rapid price decline.
Source: CoinGecko
