Impossible Finance x Story Protocol— StakeDrop Simulation with Story Odyssey
Impossible Finance has deployed on Story Protocol Testnet!
We are thrilled to announce that we officially deployed on Story Protocol — A groundbreaking layer 1 blockchain designed for tokenizing and managing intellectual property (IP). As the crypto space continues to evolve, this integration seeks to offer both Impossible and Story Protocol communities the chance to explore and learn about the Story Protocol.
In this guide, we will walk you through the background of Story Protocol, the benefits it offers, and how you can participate in the Odyssey Testnet through an exclusive Impossible Finance StakeDrop simulation.
What is Story Protocol?
Story Protocol is a groundbreaking blockchain network that brings intellectual property (IP) management on-chain, making IP programmable (Programmable IP License) and transparent. Built as a dedicated Layer 1 blockchain with Ethereum compatibility, Story Protocol empowers creators to tokenize their IP as ERC-721 NFTs. This framework enables seamless licensing, remixing, and monetization of IP, while removing traditional legal and financial barriers.
Key Features:
- Proof-of-Creativity Protocol: A suite of smart contracts that manage on-chain IP, including licensing, royalties, and dispute resolution.
- Global IP Asset Registry: A comprehensive on-chain registry that tracks all tokenized IP assets, ensuring transparency and traceability.
- Licensing Module: Allows IP owners to create customizable, legally enforceable licenses, defining terms for usage, remixing, and revenue sharing.
- Royalty Module: Establishes revenue-sharing models between original and derivative IP assets, ensuring fair compensation across the IP's lifecycle.
- Dispute Module: Provides an on-chain arbitration process for resolving IP-related disputes, maintaining the integrity of the IP ecosystem.
Source: Story Protocol Docs
*Note: These functionalities are not available on the Story Odyssey Testnet
Explore Story Protocol Odyssey Testnet!
In conjunction with Story Protocol, we have designed a simple and informative StakeDrop simulation on the Story Odyssey Testnet.
Sale Timeline
Rewards for Participating:
As a thank-you for joining the StakeDrop simulation, eligible users will receive an exclusive Story Odyssey Badge, symbolizing early participation in the Story ecosystem.
Odyssey Testnet Guide
Step 1: Get Testnet Tokens from the Faucet
Start the process by receiving your testnet token.
Firstly, you have to visit faucet.story.foundation
And connect your wallet
At the first connection your wallet will ask you to add a custom network, if it didn't do it automatically you can specify it manually
- ChainID: 1513
- Network name: iliad
- RPC URL: https://testnet.storyrpc.io
- Currency symbol: IP
- Block explorer URL (Optional): https://testnet.storyscan.xyz
After you have connected your wallet you will see a notification that your Humanity Score or more than 5 and you can claim a test token right away or if it is less, we need to upgrade it first, so we go to step two with the Gitcoin passport
Step 2: Gitcoin Passport
Start the Gitcoin Passport upgrade process by visiting app.passport.xyz
And connect your wallet by signing the transaction after which your Score will be updated
If the score is bellow 5, additional actions must be performed, such as connecting accounts such as Google or Github
After we get enough Humanity Score, we'll be able to claim the test tokens
You are excellent, now we too can press the coveted button.
Step 3: TIDIA Staking
Since we have a token to pay commissions, we now need a token for staking, in the case of Impossible Finance this is IDIA or TIDIA in the case of our tetsnet, in order to get TIDIA, we need to visit storyscan.xyz/address/0x1044F1F2e208e213FBdFfeEbDc4eE0d194307438 and connect our wallet.
After we've connected our wallet, we need to go down to the seventh item, and specify there your wallet with the number of tokens you want to get, in our case it will be 100000000000000000, which represents 100 in a 256-bit system.
After successfully obtaining the tokens, we can move on to the staking itself, which is available at app.impossible.finance/launchpad where you need to specify the number of tokens you want to stake, approve it and actually send them to staking contract by pressing on the Stake button
Once you have done the staking, you need to wait for it to finish, at which point you will know your final allocation
Once we know our final allocation, we need to buy it, the purchase will be made with the same TIDIA we minted at the beginning of this step 
After which we can finally do the claiming of our cherished tokens that we have purchased, congratulations you have completed all the steps! 
Conclusion
At Impossible Finance, we’re dedicated to bringing our users early access to transformative innovations in the crypto space. Our collaboration with Story Protocol presents an exciting opportunity to explore the future of IP management on the blockchain. Don’t miss this chance to engage with Story Protocol’s cutting-edge features ahead of its mainnet launch. Connect your wallet and experience the evolution of digital ownership with Story Protocol today!
About Story
Story Protocol is a Layer 1 blockchain transforming IP management by making it programmable on-chain. Creators can set transparent terms for licensing, remixing, and monetizing their work, automating IP processes and bridging blockchain with real-world legal standards. Supported by leading investors, Story Protocol is pioneering a new era of digital ownership for creators.
Website | Twitter | Discord | Documentation
About Impossible Finance
Impossible is an on-chain native, research advisory firm with a DeFi launchpad and accelerator. We help projects kickstart, fundraise, scale and launch their tokens while enabling users to learn, discover and invest in high quality crypto opportunities.
Website | Twitter | Discord | Telegram | Blog
Terms and Condition
- Notes: DISCLAIMERS, TERMS, and RISKS
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