Story(IP) Coin Complete Guide - An Investment Guide Even Beginners Can Easily Understand
Hello! Let's take a closer look at the Story(IP) Coin, which many people have been asking about recently. We will explain it step by step so that even those who are new to cryptocurrency investment can easily follow along.
What is Story(IP) Coin?
Story(IP) Coin is an innovative digital asset built on blockchain technology. The biggest feature of this coin is that it creates an ecosystem that directly connects content creators and consumers.
While existing content platforms had a structure where middlemen took high commissions, Story (IP) provides an environment where creators can receive fair compensation for their content. For example, it creates a space where webtoon writers, novelists, musicians, and video producers can directly sell their works and communicate with fans.
Key Points: Story (IP) is not just a cryptocurrency, but a project that aims to change the paradigm of the content industry.
The birth and development history of Story (IP)
Story (IP) started in 2020 from the urgent needs of content creators. At the time, many creators were struggling with the high fees and unfair profit distribution of the platform.
The project team began developing a new solution using blockchain technology to solve these problems. It started as a pilot program with small creators, but gradually attracted the attention of more content creators and investors.
It started a full-scale platform beta service in 2021, and in 2022, it launched the official mainnet, taking its current form. It is particularly receiving much attention in the Korean and Japanese webtoon and web novel markets.
Technical Operation Principle of Story (IP)
Story (IP) was developed as an ERC-20 token based on Ethereum, and all transactions are automatically processed through smart contracts.
When a creator uploads his or her content to the platform, the content is registered on the blockchain, and ownership is clearly recorded. When consumers purchase content, they use story (IP) coins, and at this time, the creator can receive immediate profits.
What's interesting is that NFT (Non-Fungible Token) technology is also utilized. Special content or limited edition works can be issued as NFTs and have even more scarcity value. Through this, fans can collect the works of their favorite creators, and creators can secure additional sources of revenue.
Various fields of use and real-world examples
The scope of story (IP) use is much wider than you might think. Let's take a look at the fields that are currently being used most actively.
Webtoon & Web Novel Field: It provides a space where new writers can directly sell their works and communicate with fans. It is especially providing new opportunities for artists who have difficulty debuting on existing platforms.
Music Industry: Indie musicians can sell their music directly and communicate more closely with their fans. You can also raise funds through crowdfunding before the album release.
Video content: YouTubers and individual broadcasters can create exclusive content and provide it to subscribers for a fee.
Educational content: It is also used as a platform for experts to sell lectures or e-books containing their know-how.
Major exchanges and purchase methods
If you want to purchase Story (IP) coins, you can use the following exchanges:
Upbit: It is the largest exchange in Korea and has the highest trading volume. It provides an intuitive interface that even beginners can easily use, and it is convenient because direct KRW transactions are possible.
Bithumb: It is the second largest domestic exchange after Upbit. It is popular with investors who want technical analysis as it provides various chart analysis tools.
Coinone: It is a stable exchange with a long history and is evaluated as having excellent security.
You can trade on overseas exchanges such as Binance and Huobi, but for domestic investors, we recommend a domestic exchange where you can trade in Korean Won.
Active community and ecosystem
Story (IP) is not just a coin, but also has a very active community.
Official Telegram: You can check project updates and market trends in real time. You will also have the opportunity to communicate directly with the development team.
Discord Server: A space where creators and investors gather to share information and network. Here you can find new projects and collaboration opportunities.
Reddit Community: It serves as a communication channel with overseas investors and allows you to understand global market trends.
These communities go beyond simply sharing investment information and create a place where actual content creators and consumers meet.
How to Manage Your Wallet Safely
It is very important to keep your Story (IP) coins safe. There are several options, so choose the one that best suits your situation.
Exchange wallet: The easiest, but there is a risk of hacking. It is recommended to only store small amounts that you frequently trade.
Software wallet: You can use MetaMask, Trust Wallet, etc. It is safer than an exchange, but there is a risk of your computer or smartphone being hacked.
Hardware wallet: This is a method of storing your crypto on a physical device such as a Ledger or Trezor. It is the safest, but it is expensive and can be complicated to use.
Security tips: Never store your private keys online, but write them down on paper and store them in a safe place. Also, please make it a habit to back up your wallet regularly.
Things to know when investing
If you are considering investing in Story (IP), please be sure to keep the following in mind.
Market volatility: The cryptocurrency market is much more volatile than the stock market. It is common for prices to fluctuate 30-50% in a day. Do not trade emotionally and stick to your pre-determined principles.
Project analysis: Before investing, be sure to read the whitepaper and review the development team's track record and the feasibility of the project. Don't be fooled by flashy marketing and evaluate the real value.
Diversified investment: Don't put all your money into one coin. It's wise to manage risk by diversifying your investments into multiple projects.
Set investment amount: Invest only the amount that you can afford to lose. The principle is to only invest ""money that you are prepared to lose.""
Long-term perspective: The cryptocurrency market is very unstable in the short term, but good projects often grow in the long term. Don't be obsessed with short-term profits, and invest by looking at the long-term value of the project.
In conclusion
Story (IP) Coin is an innovative project that goes beyond a simple investment target and changes the future of the content industry. I am really looking forward to how this ecosystem, which provides new opportunities for both creators and consumers, will develop in the future.
If you are considering investing, I hope you will make a wise decision through sufficient study and careful judgment. And I think it would be good to experience the true value of the project by using the actual platform, not just investing.
If you have any further questions or want to know more, please leave a comment at any time. I support your successful investment! 📈