Story Protocol unveils tokenomics ahead of mainnet launch, aims to redefine IP token management

#StoryProtocol has unveiled its tokenomics ahead of its upcoming #mainnet launch. The protocol’s $IP token will secure its #Layer1 network through a proof-of-stake consensus mechanism, serve as a gas token for transactions, and function as a governance token. Out of the total supply of 1 billion tokens, over 50% will be distributed to the community. The project aims to create a decentralized, programmable framework for intellectual property #IP and address issues in the traditional IP system, which it claims is hindered by inefficiency and centralization.

👉 story.foundation/blog/introducing-ip