Story announced today that it is delaying the initial unlock schedule for all locked $IP tokens—including the initial unlock and subsequent vesting-based releases—by 6 months uniformly for all investors, team members, and insiders. As a result, no new liquidity from locked tokens will enter the market before August 13, 2026.
This decision is part of a series of long-term initiatives by Story to further strengthen alignment with the community and solidify the network's economic foundation. This move also reflects the company's governance approach, which remains focused on long-term alignment, network health, and disciplined execution amid the current challenging macro and market environment.
This adjustment follows the implementation of SIP-00009 and SIP-00010. These proposals recalibrated the token emission pace and staking incentive mechanisms to support a more sustainable token economic structure as the network matures.
Collectively, these proposals substantially advance Story's token economic model toward long-term sustainability: staking rewards for locked tokens have been significantly reduced, thereby lowering emissions from tokens not yet in circulation; meanwhile, incentives are increasingly tilted toward active staking participation using unlocked tokens. At the same time, by lowering staking thresholds and associated fees, staking participation has become more accessible to a broader community. The combined effect is: a more restrained token issuance structure, healthier staking distribution, and lower inflationary pressure as the network matures.
Delaying the unlock complements the above adjustments, helping to ensure that new liquidity enters the system more gradually and in sync with a more disciplined emission model and broader community participation.
"At Story's inception, our mission was to build foundational infrastructure for programmable intellectual property,"" the company stated. ""That mission remains unchanged, but our understanding of the directions with the greatest growth potential and the conditions required for long-term success continues to evolve.""
Since mainnet launch, Story has witnessed the emergence of new use cases, and the pace of industry development has accelerated, particularly at the intersection of IP and AI. These developments continue to influence the company's prioritization in product development, partnerships, and market advancement strategies, aiding Story's progress toward product-market fit, sustainable revenue, and long-term network growth.
What's Changing
- Originally Scheduled Unlock Date: February 13, 2026
- Updated Unlock Date: August 13, 2026
This adjustment applies only to previously locked team, investor, and early contributor tokens.
The following remain unchanged:
- Total token supply
- Individual token allocation percentages
- Vesting schedule
- Legal ownership of tokens
Impact on Circulating Supply
Under the updated schedule, locked tokens will unlock gradually over a longer period, with their total allocation percentages and vesting terms unchanged. The practical effect is that the growth rate of the circulating supply will be more gradual during the extension period compared to the original plan. It's important to note that the actual circulating supply changes may still be influenced by network activity, staking participation, and other factors.
To ensure the updated unlock date is enforced consistently, Story has introduced a neutral, automated smart contract mechanism that technically enforces the new lock-up terms. The original lock-up obligations remain legally binding regardless of whether the relevant technical authorization is completed.
The Story Foundation or any other entity will not gain custody of the relevant wallets nor have the ability to transfer tokens.
""Our responsibility is to look beyond short-term market behavior and make choices that truly benefit the long-term stability of the network. In uncertain market cycles, known supply nodes often introduce unnecessary noise. We believe governance decisions should focus on strengthening the long-term robustness of the system, not amplifying short-term volatility. Markets ultimately tend to reward discipline, not emotional reactions,"" the statement concluded.
About Story
Story is an AI-native blockchain network dedicated to being the foundational layer for provenance, licensing, and economics of AI data and models. Powered by the $IP token, Story enables datasets, models, and AI-generated content to be registered as intellectual property, achieve programmable licensing, and be commercialized with built-in attribution mechanisms.
Story is backed by $136 million from a16z crypto, Polychain Capital, and Samsung Ventures, and officially launched its mainnet in February 2025. Currently, Story is building foundational infrastructure for the AI economy. By deeply integrating IP into the lifecycle of data and models, Story provides the necessary trust mechanisms and economic foundation for the responsible scaling of AI systems among enterprises, developers, and global markets.
