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ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Name | Bitpanda Asset Management GmbH, Bitpanda GmbH |
Relevant legal entity identifier | 9845005X9B7N610K0093, 5493007WZ7IFULIL8G21 |
Name of the crypto-asset | Story |
Consensus Mechanism | The Story Blockchain network uses the CometBFT consensus mechanism, which is known for its high performance, scalability, and security and has been proven in the Cosmos ecosystem. CometBFT enables fast block times and instant finality, which is crucial for intellectual property applications. The network architecture combines the Cosmos SDK for the consensus layer with a modified version of the Geth client as the execution layer to ensure full EVM compatibility. This modular structure allows for seamless integration of new modules and features while optimizing network performance |
Incentive Mechanisms and Applicable Fees | In the Story network, validators and delegators are incentivized through a structured staking model. Validators, responsible for block production and transaction validation, receive block rewards consisting of newly issued tokens and transaction fees. Delegators can delegate their tokens to validators and in return receive a share of the rewards proportional to their stake. The network supports both flexible and fixed staking periods, with longer lock-in periods offering higher reward multipliers. Transaction fees follow the EIP-1559 model, in which a base amount is burned, resulting in a deflationary effect. This economic design aims to encourage active participation while ensuring the long-term sustainability of the network. |
Beginning of the period | 2025-07-24 |
End of the period | 2026-07-24 |
Energy consumption | 59130.00000 (kWh/a) |