Basic information about the airdrop

1. Airdrop timing and participation conditions

Participation window**: Users need to deposit BNB into Binance's Simple Earn (flexible/term) or on-chain yield products between February 14 and February 18, 2025 (UTC).

Airdrop distribution: A total of 50 million SHELL tokens (accounting for 5% of the total) will be distributed in two phases. The first phase of 25 million tokens was distributed before trading began on February 27, with the remaining 25 million to be airdropped six months later.

Snapshot mechanism: Binance calculates the average number of BNB held by users through random snapshots to allocate airdrop quotas.

2. Token launch and trading

SHELL was launched on Binance at 21:00 (UTC+8) on February 27, opening trading pairs of SHELL/BTC, USDT, USDC, BNB, etc. It rose more than 35% shortly after launch, indicating significant market interest.

SHELL token economic model

1. Token usage and distribution

Total supply: 1 billion, of which 4% was issued through IDO (40 million), with an IDO fundraising target of $800,000 in BNB, ultimately overfunded by 42 times, indicating high market participation.

Function: Holders can participate in governance and receive rewards; creators can earn SHELL by developing AI applications, and users need to pay for SHELL subscription services, with the platform collecting service fees.

2. Circulation and unlocking

- The initial circulation volume is 270 million (accounting for 27% of the total), and the remaining tokens will be gradually released through ecological incentives.

Core value of the MyShell platform

1. AI Agent ecosystem

MyShell allows users to create and trade AI agents. The platform has deployed over 200,000 AI applications, supports interaction with mainstream models (such as GPT-4), and provides modular creation tools.

The tokenization mechanism creates a closed-loop economy for the development and use of AI applications, incentivizing ecosystem participants.

2. Market positioning

- Attract ordinary users to participate in AI development through low-threshold tools, combining subscription models and token economics to build a decentralized AI service market. Currently, daily active users exceed 700, with stable on-chain income.

Strategic significance of the HODLer airdrop plan

1. Solve the dilemma of high valuation and low circulation

- Binance increases market liquidity and reduces price volatility by airdropping highly liquid tokens (such as SHELL), attracting long-term investors.

- Combining products such as Launchpool and Megadrop to form a 'triple profit strategy for BNB holders' to enhance user stickiness.

2. Industry impact

- The airdrop model provides exposure opportunities for high-quality small and medium-sized projects while helping users understand the project's fundamentals, breaking the vicious cycle of 'blindly taking over'.

Follow-up dynamics and operational suggestions

1. Leveraged trading and earning services

Binance launched leveraged lending for SHELL on February 27, allowing it to be used as margin collateral, and opened trading pairs of SHELL/USDT and SHELL/USDC. The Simple Earn product and automated investment feature will support SHELL, and users can further earn rewards through staking.

2. Risk warning

- The short-term price increase of the token may come with high volatility, requiring attention to market sentiment and technical support.

- Although the AI ecosystem of MyShell has broad prospects, it is important to be vigilant about smart contract security risks and market pressure from competing products.

Summary

The Binance HODLer airdrop SHELL project showcases its innovative layout in the crypto market through high circulation allocation and combination with the AI ecosystem. Users can optimize their holding strategies by continuously following Binance's earning products and ecological progress. For users who have already received airdrops, it is recommended to reasonably plan holding or trading strategies based on market dynamics and project fundamentals.