# $SHELL Basics

## **Introduction to $SHELL**

$SHELL is the native token powering the MyShell ecosystem, granting access to premium features, enabling creator support, and facilitating payments. 

Our thriving ecosystem is powered by three key AI players: creators, consumers, and investors. These roles are interdependent, supporting each other and collectively forming our vast ecosystem. $SHELL will be strategically distributed as the MyShell ecosystem grows and evolves.

The total supply of $SHELL is capped at 1,000,000,000 tokens, which will be gradually released over time to cultivate a deflationary economy and maintain token scarcity.

## $SHELL Distribution

<figure><img src="https://2975681513-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FDtmZwLatyyBFLUK6P6Pj%2Fuploads%2FXR7PX1DjynkrLFZKHmJM%2Fimage.png?alt=media&#x26;token=ef9845f0-f7b7-4273-a807-36e36391e39d" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="219">Distribution</th><th width="147">Allocation %</th><th width="142">TGE Unlock %</th><th>Vesting</th></tr></thead><tbody><tr><td>Private Sale</td><td>29%</td><td>0%</td><td>1 year cliff and linear release over following 3 years</td></tr><tr><td>Advisors</td><td>3%</td><td>0%</td><td>1 year cliff and linear release over following 3 years</td></tr><tr><td>Team</td><td>12%</td><td>0%</td><td>1 year cliff and linear release over following 4 years</td></tr><tr><td>IDO </td><td>4%</td><td>4%</td><td>Unlocked at TGE</td></tr><tr><td>Marketing</td><td>2.5%</td><td>2.5%</td><td>2.5% unlock at TGE, utilizing 1% at end of third month and 1% at the end of six month</td></tr><tr><td>Binance Wallet Airdrop</td><td>1%</td><td>1%</td><td>Unlocked at TGE</td></tr><tr><td>Ecosystem and Treasury</td><td>8.5%</td><td>2.5%</td><td>2.5% unlock at TGE, rest linear vest over 5 years</td></tr><tr><td>Binance HODLer </td><td>5%</td><td>5%</td><td>2.5% upon Binance listing and 2.5% at the end of six month </td></tr><tr><td>Community Incentive</td><td>30%</td><td>7%</td><td>7% unlock at TGE, rest linear vest over 5 years</td></tr><tr><td>Liquidity</td><td>5%</td><td>5%</td><td>Unlocked at TGE</td></tr><tr><td>Total</td><td>100%</td><td>27%</td><td></td></tr></tbody></table>

* **Ecosystem/Treasury:** Tokens are allocated to the treasury for purposes such as onboarding strategic partners, developing the on-chain ecosystem, and facilitating special governance proposals.
* **Community Incentive:** Tokens are allocated as incentives for the community. Distributed seasonally, these tokens reward community users for completing seasonal tasks, creating AI apps, providing liquidity, and other activities that engage consumers, creators, and patrons.

## **Circulation Diagram of $SHELL**

<figure><img src="https://2975681513-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FDtmZwLatyyBFLUK6P6Pj%2Fuploads%2FjdzdvrJhAQB5Ar5Th7tS%2Fimage%20(2).png?alt=media&#x26;token=449934cb-2f00-4d77-8e5f-f52dfc3b2c19" alt=""><figcaption><p>Token Circulation</p></figcaption></figure>

## Supply Schedule

As a team committed to long-term development and advancing alongside AI technology, our unlocking schedule extends over five years. You can confidently join us in building, growing, and thriving together.

<figure><img src="https://2975681513-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FDtmZwLatyyBFLUK6P6Pj%2Fuploads%2FSsxcG2BPDl8tWbupoVkd%2Fimage.png?alt=media&#x26;token=2b7cc5cf-a2d7-4762-b36d-c65c993223f3" alt=""><figcaption></figcaption></figure>

**Disclaimer:**

* **$SHELL** is the native token of MyShell. **$SHELL** contract (on ETH and BSC): `0xf2c88757f8d03634671208935974b60a2a28bdb3`
* **Shell Coin** is an off-chain settlement currency implemented by MyShell team to incentivize early adopters within the Reward Center.