Original | Odaily Planet Daily ( @OdailyChina )
Author | Asher ( @Asher_0210 )
On February 11, Story posted on X : The public mainnet will be launched on February 13, and IP airdrop applications and qualification inquiries will be open at the same time. Previously, Story released the IP token economic model, with a total supply of 1 billion IPs, and an initial unlocking of 25%, or 250,000,000 IPs. The specific distribution plan is as follows:
Ecosystem and Community: 384,000,000 IPs, representing 38.4% of the total initial supply, dedicated to promoting ecosystem growth and community development by supporting developers, community members, and real Story users in marketing, events, funding, and other activities;
Initial Incentives: 100,000,000 IPs, accounting for 10% of the total initial supply. This portion of tokens will be used for an early reward program to incentivize Storys growth. Half (5%) will be distributed to users through direct claims on the first day of the public mainnet launch and in the following months; the other half (5%) will be allocated to ecosystem projects, with a clear stipulation that all rewards must be issued to end users ;
Foundation: 100,000,000 IPs, 10% of the total initial supply, which includes support for employees and services and education that advance the Story blockchain, enabling it to thrive in the long term future;
Early Investors: 216,000,000 IPs, accounting for 21.6% of the initial total supply. This portion of tokens includes early investors and advisors.
Early Contributors: 200,000,000 IPs, 20% of the total initial supply, which are used to compensate for recruiting and retaining team members who contribute to the development of the Story blockchain.
So far, several centralized exchanges including OKX, Bybit, Bitget, KuCoin, MEXC and South Korean exchange Bithumb have announced that they will launch IP spot trading at 5 pm Beijing time today. In addition, Binance Wallet now supports the Story network.
Next, Odaily Planet Daily will take you to understand the upcoming Story, airdrop collection conditions, community sentiment on token airdrops, and IP opening price predictions.
Story Project Introduction
Story is committed to building a programmable knowledge and creative market, allowing all intellectual property assets to be registered on a universal ledger with customizable parameters. This asset is equipped with a composable interface that can be called by any software application or artificial intelligence model to realize the use and monetization of intellectual property on the Internet. Storys native token IP will coordinate all value flows throughout the entire peer-to-peer intellectual property system (for a more comprehensive understanding of Story, it is recommended to read the project white paper ).
In May 2023 , Story completed a US$29.3 million seed round of financing, led by a16z Crypto, with participation from Hashed, Foresight Ventures, Samsung Next Fund, Two Small Fish Ventures, dao5 , Berggruen Holdings, Mirana Corp and SLVC.
As of September 2023 , Story has completed a total of US$54 million in financing, led by a16z, with participation from Hashed, Endeavor, Samsung Next, dao5 , Insignia Venture Partners and others.
In August 2024 , PIP Labs, the core contributor team of Story, an intellectual property blockchain, completed a $80 million Series B financing led by a16z crypto. Polychain participated as a strategic investor. Other investors included Scott Trowbridge, senior vice president and board member of Stability AI, Adrian Cheng, founder of K11 , and digital art collector Cozomo deMedici, No Capital, etc. The new round of financing brings PIP Labs total financing to $143 million, and its valuation has reached $2.25 billion, making it a unicorn company.
When the latest round of financing was completed, the Story developer ecosystem had more than 200 teams, developing services for more than 20 million IPs, covering multiple fields such as IPFi (IP Finance), artificial intelligence and consumer markets.
To receive the token airdrop, you must meet the Passport score requirement of 20 points, and the time limit for receiving it is 30 days.
Starting from the first day of the public mainnet launch, the team will implement strict anti-sybil measures, including the use of the Passport scoring system, to ensure that in future initial incentive activities, more rewards can be fairly distributed to community members. The token allocation amount saved by Storys anti-sybil measures will be redistributed to real users in future initial incentive plans, aiming to ensure that Farmer cannot encroach on the rewards of participants who are consistent with Storys long-term development goals, and maintain the healthy development and fairness of the community.
According to the latest news, users need to pass the real identity verification of the Passport platform, with a minimum score requirement of 20 points. The Passport team has carefully calibrated this threshold to make it easy for real users and more difficult for Sybil users. Hundreds of projects have tested it in the past two years. Users will have 30 days from February 13 to claim the token airdrop reward.
Regarding the issue that you need to meet the Passport platform score requirement of 20 points to receive Story airdrops, Story co-founder Jason Zhao added in the comment section: 21 years old and above is the age limit for drinking in American bars. 20 points and above can participate in Story rewards.
The longer you stake, the more tokens you will be rewarded with.
According to official information, the Story network is expected to reach block height 1,580,851 on March 4, 2025 , ushering in the Big Bang Block. With the arrival of this milestone, the staking rewards on the Story blockchain will begin to be released. Each block will distribute 1.9477989871 IP tokens. At a block rate of one block per 3 seconds, approximately 55,555 IP tokens will be distributed every day.
Staking is fundamental to the security and sustainability of any proof-of-stake blockchain. Therefore, Story uses a time-weighted staking model to encourage long-term supporters, with longer staking periods bringing more rewards, with the following coefficients:
Flexible Staking → 1x Multiplier;
90-day staking → 1.1x multiplier;
360 days staking → 1.5x multiplier;
540 days staking → 2x multiplier;
For example, if 2,000 IP Tokens are staked for 90 days, the user will receive a reward equivalent to 2,200 IP Tokens staked.
Additionally, to further supplement network security, locked tokens can also be staked. However, the rewards are at a 0.5x multiplier, and these rewards will be locked for at least 6 months to ensure community priority.
IP opening price prediction
Since Story is an L1 project, it can be compared with NEAR (an L1 project focusing on artificial intelligence), AR (an L1 project focusing on storage solutions), and PEAQ (an L1 project focusing on DePin):
If the FDV of the IP is the same as NEAR, the IP price is about $4. If the market cap of the IP is the same as NEAR, the IP price is about $15.24.
If the FDV of IP is the same as AR, the IP price is about $0.64. If the market value of IP is the same as AR, the IP price is about $2.56.
If the FDV of the IP is the same as PEAQ, the IP price is approximately $1. If the market value of the IP is the same as AR, the IP price is approximately $0.672.
In addition, Bybit data shows that the pre-market transaction price of IP (Story) is temporarily reported in the range of US$3.6 to US$3.8. Combined with the valuation of IP opening prices by major KOLs on the X platform, it is believed that the conservative expectation of IP is between US$1.5 and US$2.5, the neutral expectation is between US$2.5 and US$3.5 (based on the financing valuation of US$2.25 billion), and the optimistic expectation is between US$3.5 and US$5.0.
IP (Story) pre-market data on Bybit platform
At present, the community is positive and expectant about the number of Story IP token airdrops today. Many users who participated in the interaction early believe that the projects airdrop policy will bring rich rewards to real users. The project has always emphasized that the initial token incentives should be given to real users , and the pattern is full! Many users who participated in the early interaction of Story and Discord OG users said that they are full of confidence in the future development of the project. Some optimists even believe that with such high financing and market popularity, Storys IP tokens are likely to be listed on Binance spot trading in the near future.
So, are you ready for the IP token airdrop claiming and trading opening this afternoon?
