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The Interlude shell (ISH): utility, tokenomics, demand drivers

Since our presale is live it is time we reveal a bit more about our cryptocurrency, the shell, and why we think its value could increase a lot in the coming months. If you want to participate to our presale, grab your Binance Smart Chain wallet and head to our website!

Utility & value

In our opinion the utility of a cryptocurrency (eg the total value of the non financial transaction it is used for) is not a fundamental driver of its value. Indeed, despite some theoretical research in this area, there is no clear relationship between a token price and how much it is used in transaction. On the other hand, the existence of many examples of successful cryptocurrencies that are not used for anything should be a hint that some other explanation is needed.

To the utility theory for supporting a token’s price, we prefer the “Schelling point” theory: in short, the value of a crypto will be proportional to its mindshare in the public. Even though it is less satisfying on a theoretical and even ethical level, for the current economic environment this viewpoint has a much better explanatory and predictive power. Among other things it explains why a simple tweet from a celebrity can have so much impact on the crypto markets, whereas important technical developments from serious projects are often completely ignored.

As a result our strategy to increase the shell’s market value will not necessarily be to expand its use as much as possible — although this will come naturally as a result of adoption — but rather to maximize the awareness, the mindshare, and yes, the hype — around the Interlude game. In a word, we think we will increase the shell price (and therefore drive adoption much faster) much more by having well known influencer play the game live, and earning huge prize in front of hundreds of thousands of followers, than by simply having developer implementing our protocol and buying shells to use it.

Protocol-derived utility and demand drivers

That said, we recognize that having a real-world utility might be useful as a “confidence floor”, upon which the “mindshare derived” value will be built. Hence we are taking this question seriously: what are the demand drivers for the Interlude shell?

Simply put Interlude is a relatively complex protocol that involves several different types of transactions and value exchanges between two classes of users: the players, and the developers. All these economical interactions will be denominated in shells, whence the demand for it. To be more exhaustive, the players will need shells to:

  • participate to a new scavenger hunt session
  • book a ticket for an organized hunt
  • vote for the games they like

While the developers will need shells to:

  • rent a key slot in order to propose their game
  • stake in the protocol to ensure good behavior
  • stake on their keys/games to promote them
  • in general, to participate in the governance mechanisms that will govern Interlude

All the value exchanges are denominated in shells. Hence a player reward will be received in shells, and the developers will be remunerated in shells.

Long term uses

Even though at this moment we are focused on the Scavenger Hunt Protocol, we also have more long-term and more speculative ambitions. Our long term goal is to create more “decentralized games”, on top of the Scavenger Hunt Protocol that can be seen as the simplest form of such games. All those games would use the shell as primary currency for all their economic interactions, which will strengthen the demand for shell if they become popular.


There is a lot of uncertainty and discussion about what underpins cryptocurrencies long-term value, but we can be much more confident about what drives prices in the short-term: in two words, supply and demand.

Even though it shouldn’t be the case— after all, what matters in theory is the fundamental long-term value of a project and its fully diluted market cap— we recognized how important the tokenomics of a project are for short and medium term investors, and as a result we’ve taken them very seriously.

Our strategy

Our tokenomical strategy can be summed up in a few points:

  • the core product (front-end, smart contract suite, SDK) is already developed and ready to be launched
  • by far the highest share of labor input tothe project will come from the developers that will add their games to the network. We consider developers to be fully part of the team, and therefore we intend to remunerate them with locked shells — just like for core team members.
  • when entering into partnerships with influencers and promoters, we will prioritize those who are willing to accept shells as a payment.
  • as a result of the three point above, the project as a whole is extremely capital-efficient. We forecast that the presale that we are running right now will be sufficient to bring the project to a completely functional state.

All the token distribution alluded to above will be locked, most of it for at least one year, and we therefore get this highly satisfying (from an investor’s perspective) locking profile:

If you want to enter the presale, just send some BSC BNB to our smart contract at 0x8900614fCfFCD3c376D619E0821EFD18c787903e (BSC), or head to our website to get more info and the current market cap.

If you want to help us, get in touch! And follow us on our social media to stay updated:




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