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I just saw that Story postponed the token unlock $IP for six more months. I mean, instead of February, now it's August. The reason they give is to improve the tokenomics, so supposedly it's for the long-term good of the network.
The interesting part is that this affects everyone: investors, team, insiders. No one escapes. But well, they also implemented those changes SIP-00009 and SIP-00010 that recalibrate emissions and staking, so at least there is a plan behind it. It seems they aim to reduce supply pressure and encourage more staking participation.
Story is that blockchain network focused on AI, data, and model provenance. They raised $136 million from a16z crypto and others. With the network unlock now more spaced out, they probably want to avoid a massive dump when everything unlocks all at once. A typical but sensible strategy, honestly.