Story releases IP token economics, community allocation accounts for 58.4% of total

On February 7th, Layer1's IP blockchain for intellectual property released its IP token economic model. The total supply of IP tokens is 1 billion, with an initial unlock of 25%. 58.4% of the tokens will be allocated to the community, including the ecosystem and community, foundation, and initial incentives. IP tokens will be used for staking, paying gas fees, and governance.

The specific allocation plan is as follows:

Ecosystem and community: 38.4%

Initial incentives: 10%

Foundation: 10%

Early investors: 21.6%

Early contributors: 20%

Regarding the staking mechanism, IP will adopt a fair launch principle. Within 42 days after the genesis block on January 19th (i.e. the singularity period), users can participate in staking or delegate staking, but no staking rewards will be generated during this period. After the singularity period ends, all participants will begin to receive staking rewards.