South Korea-based cryptocurrency exchange Upbit announced the launch of the Story(IP) token, which will be available for trading in KRW, BTC, and USDT pairs starting August 8, 2025.
Launch of Story(IP) Token
According to the exchange's statement, IP token deposits will begin within 1 hour and 30 minutes of the announcement, with trading support activated at 1:00 PM Turkish time. Deposits and withdrawals can only be made via the IP-Story network.
Transaction Restrictions and Price Information
There will be several restrictions at the start of trading:
* Buy orders will not be accepted for the first 5 minutes after trading begins. * Again, in the first 5 minutes, a sell order cannot be entered that is 10% below the previous day's closing price. * Only limit order types can be used for 2 hours after trading starts.
What is Story (IP)?
Story stands out as a Layer-1 blockchain network specifically designed for intellectual property. All types of digital content, including visuals, music, NFTs, and artificial intelligence models, can be tokenized on the platform. Copyright agreements, author information, and terms of use are stored directly on the blockchain, ensuring transparent and decentralized rights management. IP, the native token of the Story ecosystem, is used for network gas fees, validator staking, and other uses within the ecosystem.
The launch of the Story(IP) token marks an important milestone for Upbit and could impact the digital intellectual property market by ensuring transparent rights management.
