Story (IP) rebranding to Data Network (DATA) and token swap

Bybit announces the rebranding of Story (IP) token to Data Network (DATA) and details on the token swap, marking a significant change for traders.

As the cryptocurrency landscape continues to evolve, major exchanges are adapting to keep pace with the latest developments. Today, Bybit made a significant announcement regarding the rebranding of the Story (IP) token to Data Network (DATA) and the accompanying token swap.

What Does the Rebranding to Data Network Mean for Traders?

Beginning today, June 26, 2026, Story (IP) is officially rebranding to Data Network (DATA). This change marks a pivotal moment for existing IP token holders as they prepare for the upcoming token swap. Bybit will facilitate this transition, allowing users to swap their IP tokens on a 1:1 basis, where each IP token will convert into one DATA token.

What is the Timeline for the Token Swap?

Bybit has provided a clear timeline for the rebranding and the token swap process. Here’s what you need to know:

  • Delisting IP Trading Pairs: The IP/USDT spot trading pair will be delisted on July 6, 2026, at 8 AM UTC. All active trade orders for this pair will be automatically removed.
  • Active Perpetual Contracts: Perpetual trading for all IP pairs, including IPUSDT and IPUSDC, will cease today, June 26, 2026, at 7 AM UTC. Any open positions will be closed based on the average index price during the 30 minutes preceding the cut-off.
  • New DATA Trading Pair: Trading for the DATA/USDT pair will open on July 9, 2026, at 8 AM UTC.

What Should Users Know About Deposits and Withdrawals?

As part of this transition, Bybit will also implement changes to deposits and withdrawals:

  • IP deposits and withdrawals will be suspended starting July 6, 2026, at 6 AM UTC. Any deposits made after this time will be rejected.
  • DATA deposits and withdrawals will reactivate on July 9, 2026, at 4 AM UTC.

Are There Any Changes to Automated Trading Bots?

If you are utilizing automated bots on Bybit, it’s important to take note of the following:

  • Active Spot Grid Bots or DCA Bots on IPUSDT must be closed before July 6, 2026, at 8 AM UTC, or they will be automatically terminated.
  • You will have the option to create new trading bots on the DATA/USDT pair after the trading opens on July 9, 2026.

How Will This Impact Your Trading Strategy?

As Bybit continues to advance and rebrand, it’s crucial to adapt your trading strategies accordingly. With the existing IP tokens transitioning to DATA, traders must plan their positions and trades around these significant changes. Utilize competitive rates available on Bybit and keep an eye on the new DATA offerings. And as always, check out our Bybit referral page for additional perks to enhance your trading experience.

Key Takeaways

  • Story (IP) is rebranding to Data Network (DATA), with a 1:1 token swap.
  • IP/USDT trading pair will be delisted on July 6, 2026.
  • The new DATA/USDT trading pair will be available starting July 9, 2026.
  • Deposits and withdrawals for IP will be suspended on July 6, 2026, reactivating for DATA on July 9, 2026.
  • Active trading bots for IP must be closed prior to the deadline to avoid automatic termination.