Research Summary
The report discusses the upcoming public sale of $SHELL, a cross-chain bridge between BTC and SOL. The sale, scheduled for January 11th, 2024, is expected to be one of the most heated launches on BRC. The report also highlights Shell’s strategic partnership with Serafund and the industry’s interest in a SOL <> BTC product.
Key Takeaways
Shell’s Upcoming Public Sale
- Anticipated Launch: The report suggests that the public sale of $SHELL is expected to be one of the most heated launches on BRC for 2024. The sale is tentatively scheduled for January 11th.
- Public Sale Details: The public sale will be divided into two phases: the Whitelist Phase and the Public Phase. The Whitelist Phase guarantees an allocation of $300 per wallet. The Public Phase is a first-come-first-serve basis with $300 per wallet.
Shell’s Strategic Partnership
- Partnership with Serafund: Shell has secured a strategic partnership with Serafund, which has close ties with Sora Ventures, one of the early visionaries on the BRC20 ecosystem.
Industry Interest in SOL <> BTC Product
- Product Likability: Industry leaders have expressed their interest in a SOL <> BTC product, indicating potential market acceptance and demand for Shell’s offering.
Shell’s Tokenomics
- Token Allocation: The report provides a breakdown of Shell’s token allocation: 65% for the public sale, 8% for partner sale, 7% for liquidity and yield, 8% for ecosystem building, 7% for listing, and 5% for the team.
- Team Vesting: The team’s tokens will be subject to a 6-month cliff, followed by a 2-year linear vesting period.
Shell’s Sale Details
- Raise Amount and Terms: Shell aims to raise $975,000, representing 65% of the total supply. The terms are 100% unlocked at TGE (32.5% SOL + 32.5% BRC20).
- Initial Liquidity: The initial liquidity is set at $105k SOL + 70 million SHELL.
Actionable Insights
- Monitor the Public Sale: Given the anticipated heat around the public sale of $SHELL, interested parties should closely monitor the sale and its potential impact on the market.
- Assess the Strategic Partnership: The strategic partnership between Shell and Serafund, and its connection with Sora Ventures, could have implications for Shell’s positioning in the BRC20 ecosystem. This partnership should be evaluated for potential opportunities and risks.
- Consider the Industry Interest: The expressed interest from industry leaders in a SOL <> BTC product suggests potential market acceptance for Shell’s offering. This interest should be taken into account when assessing the potential of $SHELL.
