TLDR

Story Protocol is building the future of Programmable ꧁IP꧂ for the long term.

@StoryProtocol exists to address the crisis in AI.

$IP will be the official token of story protocol 



Tokenomics:

38.4% Ecosystem and Community
10% Initial Incentives (TGE reward)
10% Foundation
21.6% Early Backers
20% Core Contributors


Initial Supply: 1 billion $IP
Initial Unlocked Supply: 25%

So there’s basically %48.4 allocated towards community and ecosystem.

The Initial Incentives will reward real users.


Anti-sybil methods was implemented on Odyssey Testnet, only real users were able to participate in it— it wasn’t a farming opportunity.


- Badge Program lasted for 4 weeks, not years
- Farmers cut to increase rewards for real users and yappers
- No fees to claim the incentives

The community allocation will be unlocked on Day 1 of our Public Mainnet via an initial claim.



The $IP token serves several critical roles on Story's L1:

1. Stake $IP to secure the network
2. Transact on Story with $IP as the gas token
3. Steward the governance of the $IP eco

$IP  burned with each transaction can result in deflation in conditions.