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Cryptocurrency News Articles

MyShell ($SHELL) Token IDO Review: A Detailed Introduction to Its Products and Features

Feb 13, 2025 at 05:04 pm

Today's focus is on Myshell's token $SHELL. With CZ's return and the rise of Meme on the BSC chain, the $SHELL token IDO conducted today on Binance

MyShell ($SHELL) Token IDO Review: A Detailed Introduction to Its Products and Features

With CZ's return and the rise of Meme on the BSC chain, the $SHELL token IDO conducted today on Binance Wallet and Pancakeswap has also attracted considerable attention.

As of the time of writing, the IDO has been oversubscribed nearly 42 times, reflecting the high market participation willingness. At the same token, discussions on social media are visibly increasing.

The real reason for people's willingness to participate is the foreseeable money-making effect. Calculating based on 4% of the $SHELL token raising $800,000, the total market value set for this IDO is only $20 million.

According to KOL @EnHeng456, data shows that Myshell's total public financing in three rounds has already reached $16 million, so the market value of the last round of SHELL should also be between $150 million and $300 million.

In other words, theoretically, getting in means making a profit. More importantly, Myshell is not just an air AI Meme.

It currently has the capability to create new AI Agents and tokenize them on its available product platform. The rapid rise of Virtuals is still fresh in memory.

Against the backdrop of the AI Agent track facing a reshuffle and Binance seemingly intending to support the ecosystem on the BSC chain, will the emergence of MyShell make AI Agents popular again on BSC?

With this expectation, if you are just blindly rushing in without understanding what Myshell is actually doing, here is a detailed introduction to Myshell's products and features.

Myshell is an AI product platform. Its products include an AI chat assistant, an AI tool market, an AI agent creation workshop, and an AIPP store.

The platform integrates multiple mainstream AI models, such as GPT, Claude, and Deepseek, and provides a user-friendly interface for interacting with AI agents.

Users can create their own AI agents using Myshell's modular component library, which includes over 100 mainstream open/closed source models and several self-developed open-source AI models.

The AIPP store is a core component of the MyShell ecosystem, where users can participate in the issuance and trading of AIPP like trading tokens.

The total supply of $SHELL tokens is 1,000,000,000, and the token economics are briefly as follows.

From a more commercial perspective, Myshell can be seen as an AI service platform, where the token's commercial role is reflected in the following aspects.

Subscription and Membership Services: Users can pay $SHELL tokens to subscribe to high-quality AI tools or receive direct support.

This membership model provides users with higher service value while creating stable token demand.

Advertising and Promotion: Creators or supporters can spend $SHELL to advertise their AI applications on the MyShell platform.

This enhances the visibility and exposure of the applications, providing creators with market tools while encouraging the emergence of more high-quality content.

Application Collection and Incentives: Users can pay $SHELL to collect AI applications from other creators.

During the collection period, users can also receive incentives through $SHELL or other reward mechanisms.

This mechanism encourages users to explore and support innovative applications.

Products/Services Compensation:

Creator Income: Creators can charge consumers $SHELL tokens for access to or use of their developed AI applications.

Data Trading: The MyShell platform may directly purchase data from users, paying $SHELL as compensation to further enrich the platform's data resources.

Platform Fees: The MyShell platform will charge a certain percentage of $SHELL as service fees for all the above activities.

These fees will be used for platform maintenance and further development.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Feb 13, 2025