MyShell is a decentralized AI platform that allows users to create and share AI applications without coding. It recently conducted an initial DEX offering (IDO) on Binance Wallet and PancakeSwap, and users can participate in the subscription using BNB.
Using BNB to participate in MyShell’s IDO has the following advantages: convenient and direct participation, potential high returns, community involvement, and support for innovation.
In addition, MyShell offers airdrops for early adopters, and those who hold MySoul NFTs or accumulate ShellCoins (or Shell Points) are eligible. Users who participate in IDO may also belong to the early community.
MyShell Project Introduction
MyShell is a decentralized AI platform that aims to allow anyone to create AI applications, such as chatbots or image generation tools, without coding. It is backed by well-known Web3 ventures such as Binance Labs and has an active community of 170,000 creators and 5 million consumers. The native token SHELL is used for governance, transactions, and rewards to promote ecosystem development.
Advantages of using BNB to participate
Easy to participate: BNB is the native token of Binance, and participating in IDO is simple and intuitive.
Potentially high returns: IDO was 40x oversubscribed, SHELL tokens are likely to increase in value after listing.
Community participation: Participating in IDO can make you an early adopter and may receive airdrops or other rewards.
Supporting innovation: Investing in MyShell supports the development of decentralized AI platforms, which is in line with the values of the crypto community.
Unexpected details
In addition to IDO, MyShell also provides a way to obtain MySoul NFT for free (just create an AI application), and accumulate Shell Points through platform activities, which may further receive airdrops and increase the value of participation.
Detailed Report
MyShell is a decentralized AI platform that aims to connect users, creators, and open source AI researchers through Web3 technology. Its main goal is to enable anyone to become an AI application developer, especially those without a programming background. The platform provides a zero-code mode, where users can use the most advanced generative AI models to quickly transform ideas into AI-native applications, such as photo filters, fun emoticons, AI image generation, etc.
According to the official MyShell Official Website, MyShell’s features include:
Tool diversity: Supports features such as photo filters, Live2D, voice cloning, Stable Diffusion, and Large Language Models (LLMs).
Community Engagement: It has attracted more than 170,000 creators and 5 million consumers, forming an active ecosystem.
Open source model: The platform integrates scattered talents and open source models to promote collaboration in the field of AI.
MyShell's whitepaper further details its technical architecture and token economic model, emphasizing its four pillars: open source model layer, AI creator platform, AI application store and incentive network, aiming to build a future of open cooperation, easy-to-use tools and fair benefits.
Details of MyShell’s Binance Partnership and IDO
MyShell has received incubation support from Binance Labs, an important endorsement from Binance’s venture capital and incubation arm. According to the report Binance Labs Invests in MyShell Through Binance Labs Incubation Season 6 to Scale Open Ecosystem for AI Creators | Binance Blog, Binance Labs invested in MyShell through its sixth season incubation program, aiming to expand its open ecosystem for AI creators.
MyShell's native token SHELL recently completed its initial DEX offering (IDO) on Binance Wallet and PancakeSwap. According to reports, MyShell has currently raised 20 times more than the original amount raised, and its IDO market value is only $20 million | PANews. The IDO plans to raise 1,270 BNB and issue 40 million SHELL tokens, accounting for 4% of the total supply. Each token is priced at 0.00003175 BNB. As of writing, the IDO has received 27,959 BNB in subscriptions, which is 20 times oversubscribed, reflecting strong market participation.
According to another report $SHELL oversubscribed 40 times, it’s time to understand Myshell’s products and token economics | ChainCatcher, the IDO was ultimately oversubscribed by nearly 42 times, with plans to raise 800,000 BNB and issue 40 million SHELL tokens with a total market value set at $20 million, showing strong market demand for SHELL tokens.
Advantages of using BNB to participate in IDO
Using BNB to participate in MyShell's IDO has the following specific advantages:
Direct participation: BNB is a required currency to participate in the IDO. Users can directly purchase SHELL tokens at the initial price and may gain appreciation after listing.
Convenience: BNB is the native token of Binance, making it very simple for Binance users to trade and participate without converting other assets.
Cost-effectiveness: According to Binance’s fee structure, using BNB to pay trading fees is often discounted, reducing the overall cost of participating in an IDO.
Potentially high returns: IDO oversubscription shows market enthusiasm, and the price of SHELL tokens may increase after listing, bringing investment returns to participants.
Community participation: As an IDO participant, users become early members of the MyShell community and may receive airdrops or other ecological rewards.
Supporting innovation: Investing in MyShell supports the development of decentralized AI platforms, which is in line with the values of the crypto community.
SHELL Token Airdrop and Eligibility
MyShell also launched an airdrop campaign for SHELL tokens. According to the report MyShell Launches SHELL Airdrop After Successful IDO Backed by Binance | holder.io, the airdrop snapshot was taken on February 12, 2025, targeting MySoul NFT holders and users who accumulated ShellCoin (or Shell Points). The conversion rate is 600 MyShell Points for 1 SHELL token.
To obtain the MySoul NFT, users need to create an AI application, which is free according to the official website MyShell Official Website. Ways to accumulate Shell Points include creating AI applications, inviting friends, etc. These activities do not require direct use of BNB, but users participating in IDO may be regarded as early community members, indirectly increasing the value of participation.
Market Impact and Data
According to reports, MyShell has attracted more than 2.3 million accounts and is associated with about 200 individuals, showing its community size and influence. The IDO’s oversubscription (9,700% above target) also reflects the strong market demand for SHELL tokens, which could bring potential returns on investment to participants.
Participation steps and precautions
To participate in MyShell’s IDO, the steps using BNB include:
Make sure you have a Binance account and hold enough BNB.
Visit Binance or MyShell official channels to learn about the specific requirements of IDO subscription, such as pricing and subscription period.
Complete the subscription process and pay BNB to receive SHELL tokens.
Things to note include:
Pay attention to official announcements to ensure the legality and safety of your participation and avoid being deceived.
Understand the lock-up and unlock periods of SHELL tokens to plan your investment strategy.
in conclusion
MyShell is an AI platform with innovative potential. Through the support of Binance and the participation of BNB, it provides users with the opportunity to participate in the development of its ecosystem. Using BNB to participate in IDO is not only convenient and low-cost, but may also bring exclusive rewards and potential returns. For users who want to invest in the intersection of AI and blockchain, this is an opportunity worth paying attention to.