# Story Introduces $IP Economic Model to Innovate IP Market

With the advent of the AI era, intellectual property (IP) is emerging as the most valuable asset. Story has unveiled its blockchain platform where IP can be freely traded and owned, underpinned by its native token, $IP, on October 7th.

# $IP Tokenomics Revealed

The $IP token serves as the fundamental unit of the Story blockchain, performing crucial functions such as maintaining network security, paying transaction fees (gas), and participating in ecosystem governance. Network validators enhance security by staking $IP, while all transactions are processed using $IP. Additionally, token holders can influence the direction of the IP market through active participation in ecosystem governance.

# Initial Supply and Distribution

According to the newly revealed tokenomics, the initial supply of $IP is set at one billion tokens, with 25% available at launch. The distribution structure is as follows: 38.4% for ecosystem and community support, 10% for initial incentives, 10% for foundation operations, 21.6% for early investors, and 20% for core contributors. Support for the ecosystem and community will be offered through marketing, events, and grants targeting developers, community members, and end-users.

# Supply Schedule and Incentives

Following the supply schedule, the community will receive incentives immediately with the mainnet launch. Tokens for early investors and core contributors will be unlocked gradually over 48 months. A fair staking model has been introduced to prevent early contributors from dominating. During the 42-day “Singularity Period” following the Genesis Block created on January 19, everyone can stake tokens, but rewards will not be distributed. After the “Big Bang Event” concludes, all participants will receive rewards simultaneously.

# Fair Launch Principle

The Story development team emphasized their commitment to the “fair launch principle,” ensuring that neither the foundation nor early contributors receive separate early staking rewards. The design ensures all community members earn rewards at the same time.

# Vision for IP Utilization

Jason Zhao, Co-Founder of Story, stated, “We aim to apply what Bitcoin did for money to IP.” He emphasized that by creating programmable LEGO-like modules for on-chain IP utilization, creators can freely trade their assets and secure liquidity.

Story plans to lead the future of the AI and digital economy by establishing a decentralized IP trading and ownership system. The impact of this new IP market model, leveraging the $IP token, on the AI and content industries is highly anticipated.