TechFlow news: According to official announcements, Layer1 intellectual property blockchain project Story has officially released its $IP tokenomics model. The total supply of $IP tokens is 1 billion, with an initial unlock ratio of 25%. The allocation breakdown includes 38.4% for ecosystem and community, 10% for initial incentives, 10% for the foundation, 21.6% for early investors, and 20% for early contributors.
Regarding staking mechanisms, Story will adopt a fair launch principle. During the 42-day "Singularity Period" following the genesis block on January 19, 2025, users may participate in staking but will not receive rewards. Staking rewards will only begin after the Singularity Period ends. $IP tokens will primarily be used for staking, paying gas fees, and governance functions.
