Story reveals $ip: Local tokens that power its L1 blockchain
Local coins story$ip $ip Layer 1 (L1) network has been unveiled. The story is the next generation of blockchain platform. $IP is crucial to revolutionizing industries with the $61 trillion intellectual property (IP) asset class as artificial intelligence (AI).
58.4% of the $IP has been allocated to ecosystems, communities, foundations and initial incentives. The move is designed to encourage widespread adoption and ensure a strong foundation for the story network.
Source: Stories
Current IP systems strive to scale through AI-driven innovation. From scientific discoveries to creative works, AI is reshaping the $61 trillion IP market. However, traditional IP structures are still outdated and inefficient, limiting the potential of new intellectual breakthroughs.
The IP network of the Story Agreement is designed to unlock the hidden potential of intellectual property. The platform provides creators with direct control over their work and makes ideas easy to sell and sell. Just as Bitcoin emerged to solve the financial crisis, the story attempted to address inefficiency in the AI-driven IP landscape.
By removing centralized intermediaries from the equation, stories are democratizing access to IP. The platform is creating a programmable intelligent market that promotes an environment where innovation flourishes and maximizes intellectual contributions.
Build the future with the L1 blockchain of stories
The story is in the intersection of AI and IP as Turing’s complete, dedicated L1 blockchain. By making IP programmable, Story introduces a new digital marketplace to one of the world’s most valuable asset classes.
At the heart of the story vision is the $ip token, which has several key features:
- Cybersecurity: Users can benefit $IP to protect the blockchain.
- Gas Token: The transactions for the story are powered by $IP.
- Governance: $IP holders can participate in the decision-making process, which will affect the future of the ecosystem.
Additionally, in every transaction, $ip is burned, bringing potential to the communication token economy under certain conditions.
Story ensures a fair rollout of $IP Staking, aligning with commitments to decentralization. All participants began to obtain Stage Rewards at the same time. No entity, including early supporters or team members, can ask for rewards in front of the community. Rewards can only be obtained after the Big Bang, which marks the end of the Strange Times.
Source: Stories
$ IP distribution failure
The initial supply of $IP is set to 1 billion tokens, with an unlocked supply of 25%. The assignment is as follows:
- 38.4% For ecosystems and communities
- 10% Initial incentives
- 10% Based on
- 21.6% For early supporters
- 20% For core contributors
Source: Stories
The story is dedicated to shaping the future of programmable IP. On the first day of public mainnet release, the community will have preliminary claims. Meanwhile, early supporters and core contributors will gradually unlock their tokens within 48 months.
Reward real users, not farmers
The initial incentive program was designed to reward real users. Odyssey Testnet demonstrates the story’s commitment to authenticity:
- The badge program lasted for four weeks, ensuring real engagement.
- Measures to reduce farmers have been taken to increase rewards for real users.
- No incentives are required, and accessibility is prioritized.
The story takes a firm stand on Sybils and Airdrop farmers. The project ensures that only real users benefit from their rewards. Any attempt to try the game system will be blocked, thus preserving the integrity of the ecosystem.
With the launch of $IP and Story’s L1 blockchain, the future of programmable IP is closer than ever. As the ecosystem grows, more opportunities will emerge for creators, developers and innovators around the world.
The upcoming public mainnet, called Homer, is just the beginning of what is coming. The story sets out an ambitious plan to further inspire the movement and major technological advancements.
The story team is actively developing a “GitHub for IP” where IP can be explored and registered for seamless IP. While blockchain remains the most important priority, a large number of product updates are coming.
