OKX and Other Exchanges to List Story Protocol IP Token in February 2025
OKX will list the Story Protocol (IP) token for trading against Tether's USDT. Key dates are:
- Deposits open on February 11, 2025, at 1:30 am UTC.
- A call auction takes place on February 13, 2025, from 8:00 am to 9:00 am UTC.
- Spot trading starts at 9:00 am UTC on February 13, 2025.
- Withdrawals available from 9:00 am UTC on February 14, 2025.
In the first five minutes of trading, specific rules will apply:
- No market orders allowed initially.
- Individual order size limited to $10,000.
- Total holdings per user capped.
- Price limits enforced based on a market index.
Other exchanges like Bybit, MEXC, Bitget, and KuCoin will also support the IP token. Coinbase International Exchange will launch its pre-launch market for IP-PERP on or after February 11, 2025, at 3 pm UTC.
Story Protocol aims to revolutionize intellectual property management with a Layer 1 blockchain designed to tokenize and monetize creative assets. The project targets a $61 trillion IP asset class by creating a peer-to-peer network that eliminates centralized intermediaries. The IP token functions include staking, transaction gas, and governance participation. A portion of tokens will be burned with each transaction, potentially leading to deflation. The total supply is one billion, with 25% initially unlocked.