SHELL token IDO closes with 114 times oversubscription, reaching fundraising target in 21 seconds

On February 14th, according to official news, MyShell token $SHELL completed the initial DEX publish (IDO), and the fundraising target was achieved within 21 seconds of launch. The fundraising ended with an oversubscription rate of 11425%. On-chain data shows that this IDO attracted a total of 145,106 BNB to participate in the pledge, and the fundraising scale exceeded the initial target by 5 times within 5 minutes, reached 10 times within 30 minutes, and finally locked in an oversubscription multiple of 114 times.

 

The token generation event (TGE) received technical support from BinanceWallet and PancakeSwap. The MyShell team stated that the fundraising data reflects the market's attention to the "AI + encryption" track. Its positioning is to promote the development of AI infrastructure through open source ecology, and some of the technical achievements have been applied to the construction of decentralized computing networks.

 

It is worth noting that, synchronized with the TGE announcement, multiple tokens in the BNB Chain ecosystem have shown significant increases. Some market views believe that the popularity of this IDO indirectly promotes the active level of the ecosystem. MyShell reiterated its core strategy in the announcement: continuous investment in AI underlying technology research and development, building a decentralized computing network, and promoting AI technology innovation through open source collaboration.