GuShiio.com Actual use of $IP: pledge, payment of transaction fees, and participation in ecological governance.
Author:defizard
Compiled by: Shenchao TechFlow
$IP will start with a $20 billion FDV?
Of these, 58.4% of $IP tokens will be allocated to the community to support ecological development?
The following is a discussion of token economics and price forecasting.
“Wait,$IP What is it?& rdquo;
Simply put,$IP is a token for Intellectual Property, launched by @StoryProtocol.
“intellectual property？What does it mean specifically?& rdquo;
Intellectual property rights cover a wide range, including: patents (e.g. inventions, chemical solutions), trademarks (e.g. logos, words, phrases), copyrights (e.g. photos, emoticons), trade secrets (e.g. proprietary information, business methods), design rights (visual design of products, industrial design), and plant breeders ‘rights (new plant varieties).
@jasonjzhao released their new white paper. The content of their white paper is very exciting, and I am deeply impressed by the multi-core architecture of @StoryProtocol:
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execution layer
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storage layer
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consensus layer
(Tweets details)
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execution layer: Responsible for processing transactions and smart contract execution tasks. This layer consists of multiple core modules that work together to ensure the proper operation of the protocol.
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storage layer: A database located between the execution layer and the consensus layer, similar to a network. It masks the complexity of underlying data organization and provides users with a simplified storage experience.
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consensus layer: Adopt a Proof-of-Stake mechanism, in which the principal and the verifier participate together to maintain network security and data integrity.
“Simply put,@StoryProtocol What do you do?& rdquo;
The goal of @StoryProtocol is to make intellectual property (IP) programmable through tokenization, solve practical problems such as intellectual property theft, and provide IP owners with true ownership and control.
Note: The main network may be online within weeks (or even days).
“So,$IP What is the actual use of it?& rdquo;
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Used for pledge to support network operation;
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Pay transaction fees as a Gas token on @StoryProtocol;
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Participate in the governance of the $IP ecosystem and assist in decision-making.
In addition,$IP is partially destroyed in every transaction, which under certain conditions may lead to deflation in the supply of tokens, thereby increasing the scarcity and value of tokens.
(Tweets details)
“may be @StoryProtocol Compare with similar projects?& rdquo;
Since @StoryProtocol is an L1, we can compare it to the following projects:
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$NEAR: L1 blockchain focusing on artificial intelligence;
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$AR: L1 blockchain focused on storage solutions;
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$PEAQ: L1 blockchain focusing on the decentralized Internet of Things (DePin).
“If you compare FDV with market value,$IP What might the price be?& rdquo;
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If the fully diluted valuation (FDV) of $IP is the same as $NEAR, then $IP = $4;
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If FDV = $AR, then $IP = $0.64;
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If FDV = $PEAQ, then $IP = $1;
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If $IP has the same market value as $NEAR, then $IP = $15.24;
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If market value = $AR, then $IP = $2.56;
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If market value = $PEAQ, then $IP = $0.672。
“$IP Is there a pre-market market? rdquo;
Yes, currently on@Bybit_Official, the transaction price of $IP is $3.15.
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