Story releases IP token economics: Community allocation accounts for 58.4% of the total

ChainCatcher news, according to official information, Layer1 intellectual property blockchain Story has released the IP token economic model: the total supply of IP is 1 billion tokens, with an initial unlock of 25%. Among them, 58.4% will be allocated to the community, including the ecosystem and community, foundation, and initial incentives. The IP token will be used for staking, paying gas fees, and governance.

Specific allocation plan:

• Ecosystem and community: 38.4%
• Initial incentives: 10%
• Foundation: 10%
• Early investors: 21.6%
• Early contributors: 20%

Regarding the staking mechanism, IP will adopt a fair launch principle. Within 42 days after the genesis block on 1/19 (the singularity period), users can participate in staking or delegated staking, but no staking rewards will be generated during this period. After the singularity period ends, all participants will begin to receive staking rewards.