With the $IP launch imminent, what price will the market be willing to pay?
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With the $IP launch imminent, what price will the market be willing to pay?
Actual uses of $IP: staking, paying transaction fees, and participating in ecosystem governance.
Navigating Web3 tides with focused insightsAuthor: defizard
Compiled by: TechFlow
Will $IP launch with a 200 billion dollar FDV?
58.4% of $IP tokens will be allocated to the community to support ecosystem development?
Below is a discussion on tokenomics and price predictions.
"Wait, what is $IP?"
In short, $IP is the token for Intellectual Property (IP), launched by @StoryProtocol.
"Intellectual Property? What exactly does that mean?"
Intellectual property covers a broad range, including: patents (e.g., inventions, chemical solutions), trademarks (such as logos, words, phrases), copyrights (e.g., photos, memes), trade secrets (e.g., proprietary information, business methods), design rights (visual designs of products, industrial designs), and plant breeders' rights (new plant varieties).
@jasonjzhao released their new whitepaper. The content is excellent, and I'm particularly impressed by the multi-core architecture of @StoryProtocol:
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Execution Layer
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Storage Layer
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Consensus Layer
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Execution Layer: Handles transaction processing and execution of smart contracts. This layer consists of multiple core modules that work together to ensure smooth protocol operation.
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Storage Layer: Sits between the execution and consensus layers, acting like the network's database. It abstracts away the complexity of underlying data organization, providing users with simplified storage experiences.
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Consensus Layer: Uses Proof-of-Stake (PoS) mechanism, where delegators and validators jointly participate to maintain network security and data integrity.
"So simply put, what does @StoryProtocol do?"
@StoryProtocol's goal is to make intellectual property (IP) programmable through tokenization, solving real-world issues such as IP theft, and providing true ownership and control to IP holders.
Note: The mainnet may go live in a few weeks—or even days.
"What are the actual use cases for $IP?"
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Staking to support network operations;
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Serving as the Gas token on @StoryProtocol to pay transaction fees;
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Participating in governance of the $IP ecosystem to assist in decision-making.
In addition, a portion of $IP is burned with every transaction, which under certain conditions could lead to deflationary supply, increasing the token's scarcity and value.
"Can we compare @StoryProtocol with similar projects?"
Since @StoryProtocol is an L1, we can compare it with the following projects:
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$NEAR: An AI-focused L1 blockchain;
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$AR: An L1 blockchain focused on storage solutions;
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$PEAQ: An L1 blockchain focused on decentralized physical infrastructure networks (DePIN).
"Based on comparisons of FDV and market cap, what could the $IP price be?"
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If $IP's Fully Diluted Valuation (FDV) equals that of $NEAR, then $IP = $4;
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If FDV = $AR, then $IP = $0.64;
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If FDV = $PEAQ, then $IP = $1;
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If $IP's market cap equals that of $NEAR, then $IP = $15.24;
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If market cap = $AR, then $IP = $2.56;
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If market cap = $PEAQ, then $IP = $0.672.
"Is there a pre-market for $IP?"
Yes, currently on @Bybit_Official, $IP is trading at $3.15.
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