1. Overview and general features
The IP currency is the native currency of the Story Protocol network, which is the first blockchain dedicated to protecting and trading intellectual property and integrating artificial intelligence within the Web3 system. The network's mainnet was launched recently, leading the currency to enter a phase of actual operation and high trading demand.
2. Currency listing on Binance: trading and futures
The Spot trading platform listed the IP/USDT pair, and Binance Futures launched a buy IPUSDT contract with perpetual contracts that allow leverage up to 25x. The contract was activated at 17:00 UTC on the day it was officially announced.
At listing, the price ranged around $1.83 and the market value reached over $458 million. The total number of the currency is 1 billion units, with about 250 million currently in circulation.
3. Ecosystem and applications
The Story network provides an integrated environment for AI-dependent projects, meme coins based on intellectual property, and NFTs linked to creative rights. Among the projects that started working on the network are: WTF Agent, Solo AI agent, Mimboku NFT, Globkins NFT, Verio, Piper X, Unleash, Meta Pool, and others.
In addition, LayerZero announced its integration with Story Protocol from day one of the launch, enhancing the scalability and seamless adoption of the currency.
4. Trading activity and market behavior
According to some sources in Binance Square, the IP currency recorded increases of over 24% within 24 hours, with its price reaching over $6.10 in some updates. Some attribute this performance to whale accumulation and a decrease in supply on platforms.
An increase in open interest of 52% has been observed over 24 hours, indicating a rise in bets on the currency.
5. Community discussions and risks
Despite being listed on the major platform, some communities opposing the currency discuss potential issues such as sudden drops after listing (pump-and-dump) or insider trading just before the listing, which may indicate problems with transparency or market manipulation.
Also, tweets were found indicating a competition or distribution of IP tokens via Bybit, suggesting that the currency has started to be listed on other platforms and promoted through collective mechanisms and prize competitions.
6. Steps to buy and store IP
To buy the currency, one can go to Binance and create an account, then fund it with USDT or another main currency. After that, navigate to the Spot section to search for the IP/USDT pair and execute the trade.
If the currency is not yet listed on Spot, in some cases it may be required to purchase it from platforms like Bitget or OKX and then transfer it to a Web3 wallet address linked to Binance, and then use it to receive or claim IP tokens after the official distribution.
