Oyster is introducing the Shell (SHL) token, which is a utility token. Shells are used to pay for connectivity and Dapp operation across the Oyster meshnet, whilst Pearls (PRL) are used for static data retention on the tangle. Shell is not pegged to storage like how Pearl is. In the future you will be able to use Shells to access the decentralized web, connectivity that entirely bypasses ISPs and centralized infrastructure.
Oyster Shell (SHL) tokens will be distributed in an Airdrop to Oyster PRL holders! This will be the only way to attain SHL, it will not be offered in a token sale. Every 1 PRL held on the blockchain will be airdropped 1 SHL. The total supply of SHL will match the total supply of PRL (after the 10m PRL coin burn event). Details of the blockchain snapshot and Airdrop event will follow next week.
Airdrop ratio 1 PRL : 1 SHL
Oyster Pearl (PRL) is traded at Kucoin!
KuCoin is participating in SHL airdrop. This means that for those individuals storing their PRL on a KuCoin wallet, they will receive Oyster SHL at the same 1:1 ratio during the airdrop.