Layer 1 Story Protocol is expected to launch the Token Generation Event (TGE) for its native token, $IP, on most of the prominent centralized exchanges at 09:00 on February 13, 2025 (UTC). Homer – Story’s Mainnet is set to launch right at TGE along with Airdrop checker to be announced the same day.
Why is Story Protocol a potential game changer in the era of AI? What is the best prediction for the $IP token at TGE? Find out more below!
The timely emergence of Story Protocol
Story Protocol (native token $IP), is a Layer 1 blockchain-based platform designed to revolutionize the management, protection, and monetization of intellectual property (IP) in the digital age. It integrates features like the Ethereum Virtual Machine (EVM) compatibility and Cosmos SDK for scalability and performance specifically tailored for IP management.
Story Protocol introduces the concept of “Programmable IP,” where intellectual property can be tokenized on a blockchain, making IP management more transparent, automated, and accessible. This involves turning IP into programmable assets that can be registered, licensed, and managed through smart contracts.
With the rise of AI, which both consumes and generates IP, Story Protocol provides a way for creators to protect their work in an AI-driven world, offering mechanisms to track usage and ensure rightful compensation.
The Protocol aims to tokenize IP, allowing creators to define how their work can be used, remixed, or monetized through on-chain rules (ex: Trading IP in a global market for AI training and remixing). Moreover, It facilitates a more open ecosystem where IP can be easily combined, remixed, or built upon. Therefore, creators and writers, who have dedicated decades to education and knowledge acquisition, are no longer displaced by the expansion of AI, contributing to the preservation of their intellectual assets and heritage.
61 Trillion dollars is the amount of money AI is revolutionizing IP according to Story Protocol. The existing IP system is ill-equipped for the AI-driven surge in innovation. Story’s peer-to-peer IP network unlocks the untapped potential of IP, enabling effortless monetization of ideas.
Story Protocol Tokenomics
Token Allocation:
The Total Supply of $IP is 1,000,000,000 IP.
- 38.4% Ecosystem + Community
- 10% Initial Incentives
- 10% Foundation
- 21.6% Early Backers
- 20% Core Contributors
IP Release Schedule
The community can claim initial incentives on the first day of the public mainnet launch. Early backers and core contributors have a 48-month lockup period.
The community earns rewards at the same time as everyone else. During the 42-day Singularity Period after the genesis block on January 19, 2025, staking and delegation are open to everyone, but no rewards will be earned. This period allows users to decide if they want to stake.
IP Price Prediction
After the relatively successful Berachain Airdrop, the community is very eager for another Airdrop explosion from Story Protocol. Launched almost a day after Berachain and in the middle of a somewhat complicated market, many controversies have occurred, specifically:
Market Context and Comparisons
- Hyperliquid: $HYPE launched with a TGE FDV of $14.1 billion and quickly saw that valuation climb to an impressive $42.1 billion in just a few days. Moreover, as a non-VC project, Hyperliquid’s initial hype stemmed primarily from the community.
- Berachain: This project just launched in early February, and at its TGE, the project’s FDV reached about $4-$5 billion. Despite receiving a lot of anticipation, especially from the Bera NFT Holders group, this number seems to have fallen short of expectations.
Story’s Potential
Story Protocol, a Layer 1 blockchain similar to Berachain and launching around the same time, is experiencing similar market influences. The current market is sluggish, with no clear overall trend.
This has created a sense of investor fatigue. According to Coinmarketcap, the current market sentiment is “Fear,” indicating that retailers may be inclined to liquidate their $IP airdrop allocations to reinvest in their portfolios. Conversely, during periods of positive market sentiment with substantial new capital inflows, investors tend to retain tokens in anticipation of selling at more favorable prices.
Backed by prominent investment funds like Consensys and Polychain Capital, and with a high probability of full CEX listing to ensure liquidity, $IP is likely to have a TGE with a fully diluted valuation similar to $BERA, or perhaps slightly higher. As mentioned in previous $BERA analyses, listing with a high FDV aims to counter initial airdrop sell pressure and benefit VCs, a phenomenon observed in numerous projects launched on top-tier exchanges.
Consequently, under ideal conditions, $IP could potentially list with an initial TGE price of around $7-$10 (comparable to the FDV of Aptos and Mantra).
Hyperliquid (HYPE) achieving its current $25 billion FDV is remarkable. As a self-sufficient Layer 1, HYPE requires no VC funding or CEX listing fees/liquidity. Its revenue comes entirely from user trading volume, which HYPE has successfully driven. Despite a 31% airdrop to users, the token price has consistently risen from its TGE to its all-time high. In contrast, Story will only launch Mainnet on February 13, when official revenue will be recognized.
However, it should be noted that these are all speculations and should not be taken as investment advice.
Details of IP TGE Valuation Prediction:
Track $IP price on Pre-market
If you need to trade IP before TGE, please refer to the pre-market, here are some places you can refer to:
- Whales Market
- Coinbase Pre-market
- Gate.io Pre-market
- Kucoin Pre-market
- MEXC Pre-market
*Note: Pre-market value does not reflect the actual value of the token at the time of TGE.
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