With the IP release coming soon, how much will the market pay for it?

Author: defizard

Source: defizard X Account

Compiled by: TechFlow

Will $IP start with $20 billion FDV?

Of these, 58.4% of the $IP tokens will be allocated to the community to support ecological development?

The following is a discussion on token economics and price forecasts.

"Wait, what is $IP?"

Simply put, $IP is a token of Intellectual Property, launched by @StoryProtocol.

"Intellectual property? What does it mean?"

Intellectual property covers a wide range of patents (e.g. inventions, chemical solutions), trademarks (e.g. logos, texts, phrases), copyrights (e.g. photos, emoticons), trade secrets (e.g. proprietary information, commercial methods) , design rights (visual design of products, industrial design), and plant breeder rights (new plant varieties), etc.

@jasonjzhao released their new white paper. Their white paper is very exciting, and I was impressed by @StoryProtocol's multi-core layer architecture:

• Execution layer
• Storage layer
• Consensus layer

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• Execution layer: Responsible for handling transactions and smart contract execution tasks. This layer consists of multiple core modules that work together to ensure the normal operation of the protocol.
• Storage layer: A database located between the execution layer and the consensus layer, similar to a network. It blocks the complexity of the underlying data organization and provides users with a simplified storage experience.
• Consensus layer: Proof-of-Stake mechanism is adopted, and the principal and validators participate together to maintain network security and data integrity.

"Simply put, what does @StoryProtocol do?"

@StoryProtocol's goal is to make intellectual property (IP) programmable through tokenization, solve real problems such as intellectual property theft, and provide IP owners with real ownership and control.

Note: The mainnet may be available in weeks (or even days).

"So, what is the actual purpose of $IP?"

1. Used for staking to support network operation;
2. Pay transaction fees as Gas tokens on @StoryProtocol;
3. Participate in the governance of the $IP ecosystem and assist in decision-making.

In addition, $IP is partially destroyed in every transaction, which may lead to deflation of the token supply under certain conditions, thereby increasing the scarcity and value of the token.

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"Can @StoryProtocol be compared with similar projects?"

Since @StoryProtocol is an L1, we can compare it with the following items:

• $NEAR: L1 blockchain focusing on artificial intelligence;
• $AR: L1 blockchain focused on storage solutions;
• $PEAQ: L1 blockchain focused on decentralized Internet of Things (DePin).

"If you compare FDV and market capitalization, what is the price of $IP?"

• If the full dilution valuation (FDV) of $IP is the same as $NEAR, $IP = $4;
• If FDV = $AR, then $IP = $0.64;
• If FDV = $PEAQ, then $IP = $1;
• If the market value of $IP is the same as $NEAR, $IP = $15.24;
• If market capitalization = $AR, then $IP = $2.56;
• If market capitalization = $PEAQ, then $IP = $0.672.

"Is there a pre-market market for $IP?"

Yes, currently on @Bybit_Official, the transaction price of $IP is $3.15.