Company: IPST
Filing Date: 2025-10-16
Form Type: S-1/A
Source: 0001213900-25-099309
Chunk: 199

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-10-16
Form: S-1/A
Chunk 199
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 modeled and automated on -chain. For example, an artist uploading a music track to the Story protocol could use a smart contract to automatically register the song’s metadata, set licensing permissions for remixes, and specify that derivative works must automatically send a portion of their revenue back to the original creator via on -chainsettlement. This creates an environment that is intended to facilitate developers and creators creating decentralized applications (“DApps”) catering to creative industries. Development of technology on the Story Network that can further these intended outcomes includes tools for registering and timestamping original works, minting non -fungibletokens that represent licensed intellectual property with attached usage terms, creating composable derivative assets with traceable lineage, and facilitating decentralized creator groups to manage collective rights and royalty structures. While the Story Network explores on -chainintellectual property registration and enforcement, it is important to acknowledge it is still experimental in nature. The legal status of assets registered on the network has not been tested or recognized by courts or regulatory bodies in any jurisdiction. For example, registration of authorship on the Story Network has not been recognized to constitute registration with the U.S. Copyright Office or confer the statutory benefits associated with such filings. Likewise, while smart contracts may automate licensing or royalty flows among participants, their enforceability under traditional contract law remains uncertain. As a result, the protocol’s intellectual property protections currently operate as private ordering mechanisms within the network, rather than as legally binding instruments recognized by national or international intellectual property regimes. As of July 2025, more than 35 DApps have been deployed to the Story Network, spanning categories such as digital publishing, music rights management, creative royalty distribution and collectible media. While other blockchains have supported similar use cases, the Story Network aims to provide first -classsupport for rights -baseddigital assets, including digital rights transactional recording and dispute resolution, reducing legal and technical overhead for creators. Initial Creation of $IP Tokens and $IP Tokens Supply Unlike other digital assets such as Bitcoin, which are solely created through a progressive mining process, one billion $IP tokens were created in connection with the launch of the Story Network. Of those tokens, 75% were locked at initial creation. Technically there is no maximum number of $IP tokens that may be created, and following launch of the Story Network, the protocol is designed to generate approximately an additional 25.7 million $IP tokens (which is 2.57% of the initial supply) per year to be used as validator rewards, although this may be subject to change