Story Protocol turns the page with intellectual property token launch
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Publisher
Blockworks
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Source maintained by Catalin
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https://blockworks.co/news/story-protocol-intellectual-property-token
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Story Protocol introduces $IP ahead of Mainnet launch
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$IP serves multiple key functions in the Story ecosystem, according to a blog released today. Such functions include: Securing the network: Validators stake $IP to participate in consensus. Gas token: $IP is required for all on-chain interactions. Governance: Token holders shape the future of Story Protocol through governance decisions.
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Public mainnet access is set to launch alongside an initial claim for the community. Importantly, locked tokens will also have their staking rewards locked for a minimum of six months, though that may be extended, a spokesperson told Blockworks.
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