Story unveils IP Tokenomics, with Community Allocation accounting for 58.4% of the total supply

BlockBeats News, February 7th, Layer1 IP Blockchain released the IP Tokenomics Model: The total supply of IP is 1 billion tokens, with an initial unlock of 25%. Out of this, 58.4% will be allocated to the community, including ecosystem and community, foundation, and initial incentives. The IP token will be used for staking, paying gas fees, and governance.

Specific allocation breakdown:

Ecosystem and Community: 38.4%

Initial Incentives: 10%

Foundation: 10%

Early Investors: 21.6%

Early Contributors: 20%

Regarding the staking mechanism, the IP token will adopt a fair launch principle. Within 42 days after the 1/19 genesis block (i.e., the Genesis Epoch), users can participate in staking or delegate staking, but no staking rewards will be generated during this period. After the Genesis Epoch, all participants will start receiving staking rewards.