Original author: defizard
Original translation: TechFlow
$IP will start with $20 billion FDV?
58.4% of the $IP tokens will be allocated to the community to support ecological development?
Below is a discussion on token economics and price prediction.
“Wait, what’s $IP?”
Simply put, $IP is a token for intellectual property (Intellectual Property) launched by @StoryProtocol.
Intellectual property? What exactly does that mean?
Intellectual property covers a wide range of areas, including: patents (such as inventions, chemical solutions), trademarks (such as logos, words, phrases), copyrights (such as photos, emoticons), trade secrets (such as proprietary information, business methods), design rights (visual design of products, industrial design), and plant breeders rights (new plant varieties).
@jasonjzhao published their new whitepaper. Their whitepaper is very interesting and I was impressed by the multi-core layer architecture of @StoryProtocol:
Execution Layer
Storage Layer
Consensus Layer
Execution layer: responsible for handling transactions and smart contract execution tasks. This layer consists of multiple core modules that work together to ensure the normal operation of the protocol.
Storage layer: Located between the execution layer and the consensus layer, it is similar to the database of the network. It shields the complexity of the underlying data organization and provides users with a simplified storage experience.
Consensus layer: Proof-of-Stake mechanism is adopted, with the participation of delegators and validators to maintain the security and data integrity of the network.
“So in simple terms, what does @StoryProtocol do?”
@StoryProtocol aims to make intellectual property (IP) programmable through tokenization, solving real-world problems such as IP theft and providing IP owners with true ownership and control.
PS: Mainnet may be live in a few weeks (or even days).
“So, what is $IP actually used for?”
Used for staking to support network operation;
As a Gas token on @StoryProtocol to pay transaction fees;
Participate in the governance of the $IP ecosystem and assist in decision-making.
Additionally, $IP is partially destroyed in every transaction, which under certain conditions may lead to deflation of the token supply, thereby increasing the scarcity and value of the token.
“Can @StoryProtocol be compared to similar projects?”
Since @StoryProtocol is an L1, we can contrast it with:
$NEAR: L1 blockchain focusing on artificial intelligence;
$AR: L1 blockchain focused on storage solutions;
$PEAQ: L1 blockchain focused on decentralized Internet of Things (DePin).
“If we compare FDV and market cap, what is the possible price of $IP?”
If the fully diluted valuation (FDV) of $IP is the same as $NEAR, then $IP = $ 4;
If FDV = $AR, then $IP = $ 0.64;
If FDV = $PEAQ, then $IP = $ 1;
If the market cap of $IP is the same as $NEAR, then $IP = $15.24;
If market cap = $AR, then $IP = $2.56;
If Market Cap = $PEAQ, then $IP = $0.672.
“Is there a pre-market for $IP?”
Yes, $IP is currently trading at $3.15 on @Bybit_Official .
