Odaily News Layer1 intellectual property blockchain Story released the IP token economic model: the total supply of IP is 1 billion, and 25% will be unlocked initially. 58.4% of it will be allocated to the community, including the ecosystem and community, foundation and initial incentives. $IP tokens will be used for staking, paying gas fees and governance.
Specific distribution plan:
Ecosystem and community: 38.4%
Initial incentive: 10%
Foundation: 10%
Early investors: 21.6%
Early Contributors: 20%
Regarding the staking mechanism, $IP will adopt the principle of fair start. Within 42 days after the 1/19 genesis block (i.e. the singularity period), users can participate in staking or delegate staking, but no staking rewards will be generated during this period. After the singularity period, all participants will begin to receive staking rewards.