Binance, the leading cryptocurrency exchange by trading volume, has revealed its intention to list MyShell (SHELL), a decentralized AI consumer layer token, adding it to its array of offerings.
In an exciting move, Binance has included SHELL in its HODLer airdrop program, which grants BNB holders token airdrops based on historical snapshots of their BNB balances.
For individuals keen on the latest developments, here is what you need to know regarding Binance's new listing:
MyShell positions itself as a decentralized AI consumer layer that links consumers, AI agent creators, and open-source researchers. SHELL, its native cryptocurrency, will commence trading on Binance on Thursday, February 27, at 13:00 UTC, with trading available against specific pairs.
The announcement states, "Binance will then list SHELL on 2025-02-27 at 13:00 (UTC) and commence trading against BTC, USDT, USDC, BNB, FDUSD, and TRY pairs."
Notably, Binance will offer SHELL with zero listing fees, allowing users to engage in SHELL trading without incurring any charges.
Aside from the listing, SHELL will be part of the Binance Exchange HODLer airdrops initiative. This initiative selects BNB token holders as recipients, allowing users to receive retroactive rewards and effortlessly acquire additional tokens.
Binance has also shared plans to provide more specifics on the HODLer Airdrops approximately 12 hours after the listing announcement. The newly added tokens will be distributed to users' Spot Accounts at least an hour prior to trading.
It is worth highlighting that MyShell's SHELL will have a total supply of one billion tokens. The Circulating Supply upon listing on Binance will be 270,000,000 SHELL, constituting 27% of the total token supply.
Taking this information into account, Binance's HODLer airdrop will allocate only 2.5% (25,000,000 SHELL tokens) to eligible Binance users, with an additional 25,000,000 SHELL designated for other HODLer Airdrop participants six months after the spot listing.