February 4th Layer 1 IP Blockchain Story officially released the white paper——(Story: A peer-to-peer intellectual property network)

@StoryProtocol raises $140 million with support from star investors such as a16z, Polychain, Hashed, DAO5, and others! Through a decentralized node network, Story Protocol provides an open and programmable marketplace that allows knowledge and creative assets to flow freely across the globe.

Intellectual Property (IP) is the cornerstone of Artificial Intelligence (AI), representing a $61 trillion asset class that includes training data, scientific discoveries, brands, creative works, and more.

About $IP:
$IP is the native token of Story's Layer 1 blockchain, serving as the core of the IP ecosystem and powering Story's L1 blockchain.

Core functions of $IP:
- Stake $IP to secure the network——validators stake $IP to maintain the security and integrity of the blockchain within Story's proof-of-stake consensus mechanism.
- Use $IP as gas to transact on Story——All transactions on Story require $IP as a gas token to ensure the network continues to operate.
- Manage the $IP ecosystem——Token holders participate in governance decisions, controlling the future of the intellectual property market on the Story chain.

Initial token distribution:
38.4% - Ecosystem + Community: The Ecosystem + Community category is dedicated to supporting developers, community members, and real users of Story through marketing, events, grants, and other activities to promote ecosystem growth and community development.
10% - Initial Incentives: The Initial Incentives category includes early reward programs aimed at incentivizing the development of stories.
10% - Foundation: The Foundation category includes support for foundation staff and services that drive the development of the Story blockchain, as well as essential services and education for its long-term prosperity.
21.6% – Early Supporters: The Early Supporters category includes shares for early investors and advisors.
20% - Core Contributors: The Core Contributors category includes compensation for team members hired and retained for contributing to the development of the Story blockchain.

Initial supply: 1 billion $IP
Initial unlock supply: 25%

The token issuance should be coming soon, and I don't know if the ones obtained can be used. Additionally, the Story partnership with Binance Wallet to earn IP tokens can also be participated in; the tutorial is very simple and can be completed in a few minutes!

#Story #Airdrop‬