Story extends token unlock schedule by six months…circulating supply restricted through August

Story(IP), an intellectual property (IP) blockchain, said on the 2nd that it will extend by six months the schedule for the initial token unlock and subsequent vesting unlocks, pushing the date from the 13th of this month to August 13 this year. As a result, all locked-up tokens associated with investors, insiders and others will not enter the market until August this year.

Story said the extension is intended to align the community with long-term stakeholders and to foster a more stable development of the network’s economic architecture. A Story official said, “(The unlock extension) reflects Story’s continued commitment to long-term direction, network stability, and ‘disciplined execution’ even amid volatile macroeconomic and market conditions.”

Under the revised schedule, the locked-up tokens will enter the market over a longer period while maintaining the same allocation and vesting terms as before. Accordingly, the pace of circulating supply growth during the extended period will be more gradual than under the previous schedule. However, changes in actual circulating supply may vary depending on network activity and the staking participation rate.

Story expects the move to help shift its tokenomics toward a more sustainable footing. First, staking rewards on locked-up tokens will be sharply reduced, lowering issuance generated from tokens not circulating in the market, and the reward structure is shifting in a way that effectively favors holders who participate in network security.

Minimum staking requirements and fees have also been lowered. Story said, “When these changes are combined, token issuance will be restrained and staking participation will be more evenly distributed,” adding that “the structure will shift so that the inflation burden declines as the network grows.”

A Story official emphasized, “We have a responsibility to make decisions that support the network’s long-term stability rather than short-term market moves.” The official added, “The previously scheduled supply timetable could have created unnecessary volatility in an uncertain market environment,” and said, “Governance decisions should be designed to strengthen the system over time rather than amplify short-term price swings.”