Foresight News reported that Layer1 intellectual property blockchain Story tweeted that the "Big Bang Block" has been launched, and its token has officially started emissions from block height 1,580,851. Story's time-weighted staking model was inspired by DeFi mechanisms, aiming to incentivize long-term community members, with greater rewards for users who stake for longer periods.
Story stated that equity staking can protect the Story blockchain and drive IP development. In this model, 1.9477989871 IP tokens are distributed per block per day, with a total of 55,555 IP tokens distributed in a 3-second block time. Users with at least 1024 tokens can create validator nodes; anyone can delegate their stake to any validator without permission; the top 64 validators by stake make up the active set. Users who do not meet the minimum token requirement can use third-party liquid staking providers.
