MyShell PriceSHELL

What is MyShell (SHELL)?

MyShell (SHELL) is a decentralised AI consumer layer built to let anyone create, share, and own AI agents. The project positions itself as an app layer for generative AI, bridging artificial intelligence and blockchain through agentic frameworks, open-source models, and an AI creator community. Users can build AI avatars with voice, interact with existing agents, and participate in a platform that combines AI-powered entertainment and utility with shared ownership. MyShell was founded in 2023, and the SHELL token launched on Ethereum on 12 February 2025. The project is categorised under AI & Big Data, AI Agents, Artificial Intelligence, and Governance. The ecosystem connects three main groups — creators, consumers, and patrons — with SHELL serving as the native token that facilitates value exchange across the platform.

Key Specifications & Tokenomics

• Name: MyShell
• Ticker/Symbol: SHELL
• Blockchain/Platform: Ethereum
• Contract Address (Ethereum): 0xf2c88757f8d03634671208935974b60a2a28bdb3
• Explorer: etherscan.io
• CertiK Rating: 4.4 (out of 10, issued by CertiK); a rating is not a guarantee of security, so refer to the original audit report
• Asset Type: Token
• Categories: AI & Big Data, YZi Labs Portfolio, AI Agents, Artificial Intelligence, Governance
• Total Supply: 1,000,000,000 SHELL
• Max Supply: 1,000,000,000 SHELL
• Circulating Supply: 441,555,556 SHELL
• Circulating Supply Percentage: 44.16%
• Public Sale Allocation: 40M SHELL
• Public Sale Cap: $800k

SHELL has a total supply and a maximum supply of one billion tokens, released gradually according to the established vesting and unlock schedule. Another source describes an elastic supply model in which total supply adjusts with market conditions; the two accounts differ, so readers should refer to the official documentation (docs.myshell.ai).

According to Chain Broker, the private round was priced at $0.0373, raised $5.6 million at a $37.3 million valuation, with 5% unlocked at TGE and a 2-year vesting period. The public round was priced at $0.02, raised $800,000 at a $20 million valuation, and was 100% unlocked. Team tokens carry a 1-year cliff followed by 4 years of vesting, advisors vest over 5 years, treasury tokens unlock 15% at TGE with 5 years of vesting, incentives vest over 4 years, and liquidity was 100% unlocked.

According to Chain Broker, cumulative funding is about $6.4 million; another source states $16.6 million across two rounds, so the figures differ.

Who created MyShell?

MyShell was founded in 2023 by Ethan Sun, Rick Lin and Charles Z Qin; the SHELL token launched on Ethereum on 12 February 2025. The founding team established the project on the insight that there is significant potential in bridging AI and blockchain technology. The project has a lean team of 14 employees. In terms of backing, MyShell completed a $5.6 million seed round in October 2023, with investors including Folius Ventures, HashKey Capital, Signum Capital and SevenX Ventures. The project is tagged under the YZi Labs Portfolio.

How does MyShell work?

MyShell operates as an open-source AI ecosystem on the Ethereum blockchain. The platform enables anyone to create, own, and monetise AI applications without requiring coding skills. At its core, MyShell utilises agentic frameworks that allow users to build AI agents — including voice-enabled AI avatars — and interact with agents created by others. The platform connects consumers, AI agent creators, and open-source researchers in a shared economy. Creators can earn rewards for their contributions; according to some reports, creator earnings can reach about $4,000 per month, though this figure has not been officially confirmed. The SHELL token powers the ecosystem, granting access to premium features, enabling creator support, and facilitating value exchange among the three primary user categories: creators, consumers, and patrons.

The core of MyShell is ShellAgent, an open-source, modular no-code framework. Users initialise a State, drag and drop widgets to build a task flow, and connect the States with links to build an AI Agent in minutes. Finished agents can be exported as a JSON file or dragged into the MyShell Workshop page to deploy instantly.

What makes MyShell unique and valuable?

MyShell distinguishes itself by combining AI creation tools with blockchain-based ownership and monetisation. Unlike traditional AI platforms where users are merely consumers, MyShell offers shared ownership, allowing participants to have a stake in the ecosystem. The no-code approach lowers the barrier to entry, enabling anyone to build and monetise AI agents regardless of technical background. The project's focus on open-source models and its position as an AI consumer layer for discovering, creating, and investing in AI-native apps further differentiates it. By bridging AI and blockchain through agentic frameworks, MyShell addresses both the growing demand for AI-powered entertainment and utility and the desire for decentralised ownership models.

What is MyShell used for?

SHELL is the native utility token powering the MyShell ecosystem. It grants holders access to premium features on the platform, enables support for creators through direct contributions, and facilitates value exchange among creators, consumers, and patrons. Users can take part in governance votes and use SHELL to support creators, and they can engage with the broader MyShell economy. The token also plays a role in incentivising the creation and sharing of AI agents, aligning the interests of all participants in the ecosystem. As the platform expands its AI agent offerings and community features, SHELL serves as the primary medium for transactions and rewards within the network.

How Is the MyShell ecosystem developing?

The MyShell ecosystem is centred on an AI consumer layer where users build, share, and own AI agents. The platform supports the discovery, creation, and investment in AI-native applications, with a growing community of creators, consumers, and patrons. Social engagement occurs through platforms including X (Twitter) and Telegram, with the project maintaining an active presence. According to CoinMarketCap, the project has approximately 54.6 thousand holder addresses (a snapshot figure that changes over time). Documentation resources, including tokenomics details and guides on obtaining SHELL, are publicly available. The ecosystem continues to develop its agentic frameworks and open-source AI models, aiming to expand the range of AI-powered entertainment and utility applications available to users.

How to mine MyShell?

MyShell (SHELL) is not mined through traditional proof-of-work mechanisms. SHELL is an ERC-20 token on Ethereum and is not produced through mining; Ethereum uses a proof-of-stake consensus, and the token is obtained through public sales, trading venues or platform activity rewards. The project emphasises creator support and value exchange rather than mining. Those interested in acquiring SHELL typically do so through supported trading venues or by participating in platform activities that distribute tokens as rewards. The token's supply is released gradually over time according to its vesting and unlock schedule.

How to keep your MyShell Coin safe?

To keep your SHELL tokens safe, use a reputable self-custody wallet that supports Ethereum-based assets. Always verify contract addresses before interacting with any token, and be cautious of phishing attempts or unofficial links. Enable two-factor authentication on any exchange accounts you use, and consider using a hardware wallet for long-term storage. Never share your private keys or seed phrases with anyone. SHELL is a token on Ethereum, so confirm that the network you use matches the officially published contract address before transferring. Regularly review token approvals and revoke any permissions that are no longer needed. Staying informed through official MyShell channels — such as the project's website and documentation — helps you avoid scams and stay updated on security best practices.

Risks to keep in mind: token prices can be highly volatile, regulatory policy in different jurisdictions may affect access and trading, and smart contracts and platform technology carry inherent technical risk. The points above are for reference only and should not be treated as investment advice.