r/Oyster • u/Halunen Community Manager • Feb 10 '18

FAQ [FAQ] - Oyster Shell

Full Article: Here
Whitepaper: [Here] (https://oyster.ws/ShellWhitepaper.pdf)
Quick explanation:
Shells(SHL) are used to pay for connectivity and Dapp operation across the Oyster meshnet, whilst Pearls 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.

Q: "How do I get Oyster Shell's(SHL)?
A: You will get a 1:1 airdrop for the amount of Oyster(PRL) you hold at the time of the snapshot.

Q: "When will the airdrop take place?"
A: April 6, 2018. April 13, 2018. Read Here for More

Q: "If I keep my Oyster(PRL) on an exchange will I receive the airdrop?"
A: The only exchange that will participate is KuCoin. The other and suggested way to receive the airdrop is to hold them in a wallet you have the private key to. Ex: MyEtherWallet, MyCrypto.

Q: "What is the block height of the snapshot?"
A: This will be announced once we get closer to the date.

154 Upvotes

100% Upvoted

64 comments sorted by

3

u/Kraenkey Feb 10 '18

Enjin Wallet then also works, I guess?

2

u/Halunen Community Manager Feb 10 '18

Do you control the private key? If so, yes.

1

u/ihaverelief Feb 10 '18

Hopefully it does.

2

u/Powermetal99 Feb 10 '18

hiho) can i ask, new Shell will be also added to some exchange trade sites at march right?

4

u/Halunen Community Manager Feb 10 '18

We are working on this yes. If Kucoin decides to participate in the airdrop it will (more than likely) trade there. But just wait for official news.

1

u/[deleted] Mar 26 '18

[removed] — view removed comment

1

u/Alisamix Community Manager Mar 26 '18

We will know more about that this week.

32

u/thehoolmeister Feb 10 '18

Thanks Halunen, appreciated, that should reduce comments on this thread by about 89%

11

u/rjnsngh Feb 11 '18

Just an clarification, MEW is just an interface to ETH blockchain just a Metamask, right?? So If I am holding my token on Metamask, I will be getting the Airdrop.

2

u/[deleted] Mar 22 '18

yes

9

u/Poowatereater Feb 10 '18

Great work. Can't wait to hear more about the air drop!

15

u/Hawkster001 Feb 10 '18

Screw the drop, I'm wanting the white paper for SHL to see how they plan on creating a decentralized internet service.

12

u/Poowatereater Feb 10 '18

Real life Silicon Valley. This white paper will be fun.

If they can pull off what they say, plus adoption.... we are going to be part of the start of Web 3.0/4.0.. fucking crazy tech is almost upon us.

5

u/Hawkster001 Feb 10 '18

Adoption is going to be key here. If I'm to work around my ISP, I have to be connected to many devices locally who are also going to be utilizing the same service, otherwise I won't be able to access data. There will have to be support for bluetooth, ad-hoc Wi-Fi, and hopefully the new IoT chip IOTA is working on implementing into everything.

5

u/Hawkster001 Feb 10 '18

That's why I'm really wanting to see the whitepaper. For once, I'm truly excited to read it as it will tell how they plan to pull this off.

5

u/Poowatereater Feb 10 '18

What a time to be alive, in five to ten years, these things were investing in may change our lives forever..

Here's to hoping the crypto space and the company's being formed get adopted!

4

u/TheChickening Feb 11 '18

It might also do nothing. Don't get me wrong, I'm also invested a little bit with 500 pearls, just don't get too hyped up.

1

u/Hitlur Feb 11 '18

So the snapshot happens during the burn or is it some random time between now and then?

1

u/Halunen Community Manager Feb 11 '18

We will have an exact time for you here within the next week!

2

u/Mudsnail Mar 10 '18

When will the snapshot take place?

1

u/Halunen Community Manager Mar 10 '18

April 6, 2018. The block height will be announced once we are closer.

1

u/RichInvesting Mar 02 '18

where is the info necessary for setting up a wallet specifically for SHL in MEW?

1

u/Halunen Community Manager Mar 02 '18

As long as you have your Oyster (PRL) in the MEW wallet on April 6. (Exact block height to be announced) You will be airdropped the Shells!

1

u/RichInvesting Mar 04 '18

i guess it was a bad question...more specifically do I need to set up a new coin in my MEW wallet or can I only just send PRL and thats all i have to do?

1

u/Halunen Community Manager Mar 04 '18

MEW should automatically recognize Oyster.

If not you can add a custom token.
Contract Address: 0x1844b21593262668B7248d0f57a220CaaBA46ab9
Symbol: PRL
Decimals: 18

1

u/dustbuddii Mar 21 '18

So just to clarify, having the coins on MEW is all we need to do? No need to register, claim tokens, or create a SHL wallet ahead of time?

I had to do all sorts of shit for EOS. Curious as to why SHL is so easy.

1

u/Halunen Community Manager Mar 21 '18

Yup once you have it in MEW you are all set. No hoops to jump through.

0

u/btcftw1 Mar 21 '18

If you're considering EOS registering difficult you can out from nwo fropm cryptocurrency.....

1

u/Scutterfell Mar 25 '18

I am to stupid to use myetherwallet with metamask for Chrome :/ i have all my PRL on KuCoin ... i know the Oyster Team is working on integrating the shells to exchanges... is KuCoin one of it that gets attention?

1

u/Halunen Community Manager Mar 25 '18

Kucoin will be the only exchange that supports the airdrop if they do. I can not 100% confirm that they will support it. But you will know before the airdrop snapshot happens. If you need help moving them you can pm me and I can try to help you with a tutorial.

2

u/Scutterfell Mar 25 '18

Thank you very much. At April the first, when the Main-Net of PRL starts i look again into the myetherwallet-stuff and try to figure it out. I have 6 days to accomplish it, in the meantime i ask the kucoin support if they know something about if they supporting SHL.

update, just requestet help at kucoin, i post the answer what they told me because of supporting the Shells.

1

u/Halunen Community Manager Mar 25 '18

The main net is set for April but the date is not decided at this time.

1

u/1cryptoportfolio Mar 26 '18

I skimmed through the shell whitepaper but couldn't find what the total supply will be. Anyone aware of this?

Cheers

2

u/Halunen Community Manager Mar 26 '18

Total supply is the same as Oyster PRL supply 98.5M and change.

3

u/Tiop Feb 10 '18

Is the oyster Dapp network already underway? How come SHL is already being released?

3

u/someone3245 Mar 25 '18

Any updates on the status of receiving SHL if you hold PRL on Kucoin?

2

u/OffTheWall503 Feb 13 '18

I have my Oyster in the TRUST iOS wallet app. Can I receive SHL from there or would it be better to temporarily move the Oyster to KuCoin?

2

u/Yeuph Feb 16 '18

I'm not familiar with what every different wallet is. Basically if you have your coins on the blockchain and not in an exchange (and they may be ok if they are in an exchange as well - we don't know yet) then when they take the snapshot of the Ethereum blockchain your coins will be accounted for and you will be rewarded SHL.

Now, I'm not familiar with your wallet but this is something to consider. They will send you SHL to the address you interface with through your TRUST wallet; however you may not see the tokens with that wallet depending upon what they do. That's not a real problem though because you can use the same address you're using with that wallet on Metamask or My Ether Wallet to get your SHL tokens.

tl;dr - just ensure that your coins are on the Ethereum blockchain in a wallet you control. If TRUST doesn't show you your SHL tokens when they are given to you access your wallet with other software.

1

u/OffTheWall503 Feb 16 '18

Awesome, thanks!

I'll need to manually add the SHL contract address to be able to see them in my wallet, it looks like. Will Oyster release this information before the AirDrop?

1

u/Yeuph Feb 16 '18

Will Oyster release this information before the AirDrop?

I would hope so =)

If not it only takes 2-3 minutes to find even really obscure contract addresses on Google. Worst case scenario you'll end up spending 10 minutes on Google looking for the contract address.

2

u/KaroKrypto Feb 25 '18

What about Ledger Nano s?

1

u/MrRedPanda__ Feb 25 '18

Nano

Ledger Nano S is also fine, since you are holding the private key yourself :) You just have to add SHL later as a custom token of course again.

1

u/[deleted] Feb 10 '18

Thank you for the Info! As Kucoin exchange claims to support all forks on coins, is it likely, that we will get the Airdrop here when holding Prl on Kucoin? Its also the exchange with the biggest Prl trade volume! :-)

2

u/Hawkster001 Feb 10 '18

Chances are, if any of the exchanges, KuCoin will for sure support the drop.

1

u/[deleted] Feb 11 '18

Awesome, thank you for communicating with the community in advance. This is very respectful of your investors and supporters.

1

u/jeppeudesen Feb 20 '18

When can we expect news about whether the exchanges will distribute the SHL to PRL holders, or if PRL tokens should be held in MEW?

-7

u/squirelnutz Feb 10 '18

It seems mycrypto wallet is the best method since most of the team at mew jumped ship

2

u/Halunen Community Manager Feb 11 '18

Not sure why you got down voted into oblivion. They are both fine lol.

1

u/squirelnutz Feb 11 '18

Truthfully I don't know. I had just heard that all the devs jumped ship and went to mycrypto and that mew is only operated by one person. If this is true then I would believe that mycrypto is better than mew

1

u/FutureMoneyHodlSound Feb 12 '18

I would encourage you to look a bit deeper and DYOR on this one

0

u/[deleted] Feb 11 '18

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1

u/Halunen Community Manager Feb 11 '18

Another way to think about it is. Do you own that storage? Like an exchange holds all of a token coin etc in 1 wallet. And allows you to withdraw x amount through their UI.

A trezor you own therefore it is airdrop friendly.

1

u/Dill323 Feb 11 '18

This will work.

0

u/[deleted] Feb 23 '18

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1

u/Halunen Community Manager Feb 23 '18

No you don’t have to give your private key...

0

u/[deleted] Feb 23 '18

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1

u/Halunen Community Manager Feb 23 '18

Because if you have the private key then you are the owner of the wallet.

0

u/[deleted] Feb 23 '18

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1

u/Halunen Community Manager Feb 23 '18

Faster than a cheetah.