Story Protocol
Story is a next-generation, purpose-built Layer 1 blockchain engineered specifically for the complex world of intellectual property. Unlike general-purpose blockchains, Story is optimized to handle the intricate “IP graphs” that represent the relationships between original works and their derivatives.
It allows creators to tokenize and manage their IP on-chain, enabling new ways to license, share, and monetize their work.
Airdrop Criteria:
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Odyssey Badge Holders (Campaign lasted for 4 weeks only)
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Chronicles NFT Owners
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Active Community Members & OGs
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Gitcoin Passport Score of 20+
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To earn the minimum reward, you needed at least 10 badges.
$IP Token Distribution:
- Total Supply: 1B
- TGE Allocation: 250M
- Airdrop: 100M
Initial Distribution:
Ecosystem + Community: 38.4%
Initial Incentives (Airdrop): 10%
Foundation: 10%
Early Backers: 21.6%
Core Contributors: 20%
What Went Wrong: - Distribution
1. From 10% of Airdrop, 5% of total supply distributed through direct claims and remaining 5% will be distributed to ecosystem projects with direct guidelines to distribute with end users.
(a 5% airdrop is small)
2. Despite meeting the specified criteria, including minimum badge holdings, a Gitcoin score of 20 or higher, and community engagement, many people remained ineligible.
3. Average Airdrop size 50-100 IP.
4. Many people specifically influencers and others got 200+ IP where they posted that their secondary wallets not involved or interacted ever with Story protocol and even never grinded Kaito Yaps but still their wallets got 200, 300+ IP tokens and how they are going to dump those on Cex.
How do you feel about the rewards distribution?
@dfox @Kanenz @bigironchris @nakedwinnie @KBeeTheCapybara @Chinzilla