MyShell is actively traded on major exchanges (such as Binance) and is supported by multiple trading pairs. It has gone through various funding rounds and IDOs, and its price is monitored on reputable platforms like CoinGecko and CoinMarketCap. This level of market activity and listing on well-known exchanges is generally a good sign of legitimacy.
Project Transparency & Backers:
Reports show that MyShell has garnered support from prominent investors (e.g., Binance Labs, Delphi Ventures) and has participated in programs like Binance’s HODLer Airdrop. Such backing can lend credibility to the project.