On February 7, the Layer1 Intellectual Property Blockchain Story released an IP token economic model: the total supply of IP is 1 billion pieces, and the initial unlocking is 25%. 58.4% of this will be allocated to communities, including ecosystems and communities, foundations and initial incentives. IP tokens will be used for pledge, gas fee payment and governance. Specific allocation plan: ecosystems and communities: 38.4% initial incentives: 10% foundations: 10% early investors: 21.6% early contributors: 20% Regarding the pledge mechanism, IP will adopt the fair start principle. Within 42 days after the 1/19 Creation Block (i.e., the singularity period), users can participate in pledge or entrust pledge, but no pledge reward will be generated during this period. After the singularity period ends, all participants will begin to receive pledge rewards.