Preface

In the era of the explosive development of generative AI technology, the issue of centralized platforms monopolizing creative tools and data resources is becoming increasingly prominent. The emergence of MyShell is attempting to redefine the interaction between people and artificial intelligence at the decentralized AI consumer level. By connecting consumers, creators, and open-source developers, MyShell has created an AI agent ecosystem driven by user-generated content (UGC).

What is MyShell?

MyShell is a decentralized AI consumption layer that connects AI agent developers, open source researchers, and consumers, allowing everyone to participate in AI creation and value sharing. The vision of MyShell is not only to provide an open platform but also to build a fair ecosystem to ensure that creators’ efforts receive reasonable rewards and to promote further development of AI technology.

Current Status and Challenges in the AI Industry

Most AI platforms on the market are closed systems, such as proprietary AI models established by enterprises like OpenAI, which, while providing powerful functionality, have brought about some hidden issues:

• Centralized Monopoly: Companies monopolize the development of AI technology, and creators can only rely on the tools and standards they provide, lacking freedom.

• Lack of creator incentives: Data providers and AI developers cannot obtain the deserved profits, leading to limited innovation drive.

• Unequal value distribution: a few large enterprises control AI models, data, and markets, while individual creators who truly contribute content cannot obtain reasonable returns.

• Creativity Limitation: Closed AI platforms impose excessive content censorship, restricting creators’ creative space.

MyShell utilizes decentralization to allow AI creators to freely develop, share, and earn revenue while also enabling users to participate in AI training and decision-making, making them an integral part of the ecosystem.

MyShell’s Vision and Goals

MyShell is committed to breaking down barriers in the AI industry, promoting fairness and openness, and ensuring that all participants benefit from AI development. Our core principles include:

• Driving Open Source AI: By opening the source code, the development of AI technology is no longer monopolized by a few companies, but driven by the global community together.

• Provide ecological incentives: MyShell designs a complete incentive mechanism to ensure that each participant can receive the rewards they deserve.

• Reallocate value: Through a fair value distribution mechanism, creators and users can benefit from the data and content they contribute.

• Freedom of Choice: MyShell users can freely choose different AI models and decentralized computing storage solutions, freeing themselves from reliance on a single enterprise.

The core components of MyShell

MyShell ecosystem is mainly composed of three core components, ensuring that AI creators and consumers can both have the best experience:

1. Self-developed open-source AI model

MyShell has developed multiple open-source AI models, including text-to-speech (TTS) models, large language models (LLM), etc., and will continue to open up more technologies for developers to use. The open-source strategy of these models will drive the development of AI technology and enable the community to collectively participate in improvement.

2. Open AI Agent Development Platform

MyShell provides a complete AI agent development platform that allows anyone to easily create AI agents. Developers can:

• Create a dedicated AI agent using different AI models

• Integrate third-party APIs to expand the functionality of AI

• Using modular tools to quickly build AI products

This open architecture lowers the development threshold, making AI innovation easier.

3. Fair value distribution ecosystem

MyShell not only allows creators to earn income through AI agents, but also designs native reward mechanisms for developers to receive incentives from the MyShell platform, and even obtain financial support from sponsors. When MyShell is integrated with blockchain, it will provide stronger global liquidity, further enhancing the economic value of AI creation.

(Source: docs.myshell.ai)

MyShell’s Tokenomics

$SHELL is the native token of the MyShell ecosystem, responsible for powering economic activities within the MyShell platform, allowing users to access advanced features, support creators, and conduct payment transactions. The MyShell ecosystem is supported by three key roles: creators, consumers, and investors, who are interdependent and together build a vast AI ecosystem.

The total supply of $SHELL tokens is 1 billion, and will be gradually released through a carefully designed distribution plan to ensure a deflationary economy and maintain the scarcity of the token. The token distribution plan is as follows:

• Private Sale: 29% of tokens are allocated to private sale investors, which will not be unlocked initially and will start linear release after one year, continuing for three years.

• Advisors: 3% of tokens are allocated to strategic advisors, the same as the private sale round, starting to release linearly after one year, lasting for three years.

• Team: 12% of the tokens are allocated to the core team, locked for one year, and gradually released over the next four years.

• Initial DEX Offering (IDO): 4% of tokens will be immediately unlocked at TGE (Token Generation Event).

• Marketing: 2.5% of the tokens are used for marketing, 2.5% unlocked at TGE, and the remaining portion released in the third and sixth months.

• Binance Wallet Airdrop: 1% of the tokens will be unlocked at TGE as an initial promotional reward.

• Ecosystem and Treasury: 8.5% of the tokens are used to support strategic partners and ecosystem development, with 2.5% released at TGE and the remaining portion gradually released over five years.

• Binance HODLer Reward: 5% of the tokens are used to reward holders, with 2.5% unlocked at TGE and another 2.5% released six months later.

• Community Incentive: 30% of the tokens will be used to incentivize the community, with 7% unlocked at TGE, and the remaining portion released linearly over five years.

• Liquidity (Liquidity): 5% of the tokens unlock at TGE to ensure market liquidity.

(Source: docs.myshell.ai)

$SHELL Circulation Plan

(Source: docs.myshell.ai)

$SHELL Supply Plan

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

(Source: docs.myshell.ai)

The purpose of the $SHELL token

The $SHELL token is not only an important economic tool within the MyShell ecosystem, but also represents the future of the AI field:

• For AI creators, $SHELL is a payment tool for AI agents’ income and advertising fees.

• For AI consumers, $SHELL is the primary currency used to pay for entertainment and utility fees on the MyShell platform.

• For AI investors, $SHELL represents the value of the entire ecosystem, and as AI agents become more widespread, the value of the token will also increase.

• For AI agents, $SHELL is the foundation of a multi-agent economic system that will drive future AI business models.

Start SHELL spot trading:https://www.gate.io/trade/SHELL_USDT

Summary

MyShell’s ambition is not only to create an AI application store, but also to attempt to reshape the production relationship of artificial intelligence. The key to success lies in balancing openness and quality control, and establishing a sufficient ecological scale before the regulatory curtain falls. Through open-source technology, fair distribution mechanisms, and the $SHELL token economic model, MyShell is building a free, fair, and innovative AI world.