IP Crypto increased the trading of the last 24 hours by 81.4%, as the project achieved listing on several exchanges after its layer -1 Mennet launch.
According to COINGECKO data, the token of the story reached an intrade high of $ 2.16 on 14 February, its market cap is $ 456 million. There was a huge increase in demand and activity of the rally, with an increase of more than 400,000% in its daily trading volume to about $ 347 million.
The IP day was one of the best performing assets in the Crypto market on the day and was trending on Koingco while writing.
Most of the benefits seen in the last day came officially after the project. Inaugurated Its public mannet after a testnet stage of about six months.
The incident matched with the token generation event for its original tokens, the story ticks IP, with more than 1 billion tokens enter the prevalence as part of its initial distribution. Reports suggest that 25% of the initial 1 billion IP supply is unlocked, allocating 58.4% ecosystem development, community, foundation and initial incentive programs.
Following the Mennet launch, IP acquired a listing on several top-tier centralized exchanges, including coinbase, OKX, cookin, bibit, bittgate and Bithhab. Recently, Binance announced the list of IP/USDT perpetual contracts with 25x leverage.
Open interest in IP Futures Market has also increased from $ 92.2k to more than $ 90 million in the last 24 hours. data,
What is the story protocol?
The Story Protocol is a layer -1 blockchain designed to bring a revolution in the $ 61 trillion intellectual property market by providing a program for management, trade and decentralization of creative assets.
At its core, the network allows IP holders-allowing creators, brands and AI-operated products-to register, tokens, and rule their digital content. Users can set custom rules for licenses, amendments and mudification.
The protocol is powered by IP tokens, which will serve as the currency of the ecosystem for transactions, governance and manufacturer awards. Developers can build on the network, such as AI tools, licensing platforms and applications such as decentralized IP marketplace.
The story protocol has raised $ 140 million from investors such as A16Z and Samsung Next.
