Company: IPST
Filing Date: 2025-08-26
Form Type: S-1
Source: 0001213900-25-080839
Chunk: 194

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-26
Form: S-1
Chunk 194
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, there should be a positive effect on the demand for our products through the tribal distilleries. Fourth, we plan to set up a validator business to stake $IP token to generate yield and to performs services on the blockchain to generate revenue. Validators keep the network honest and running smoothly and fees are generated for being a validator. Cryptocurrency Business In connection with the development of our cryptocurrency treasury reserve policy, we determined to focus our growing cryptocurrency efforts on the native cryptocurrency of the Story Network referred to as $IP tokens. The $IP protocol and related $IP tokens can be used to pay for computational services on the Story Network, to mint or manage digital rights objects, or to transfer value in network -nativetransactions. These tokens can also be exchanged for fiat currencies, such as the U.S. dollar, at rates determined on digital asset trading platforms or in individual end -user - to-end -usertransactions using decentralized trading protocols. Unlike many blockchain platforms that evolved from financial use cases, the Story Network was conceived from the outset as infrastructure for media, entertainment, and creative rights ecosystems. $IP was initially launched in 2025 to address limitations in existing networks for digital rights tracking and interoperability. As AI adoption has accelerated, rights -cleareddatasets and verifiable licensing have emerged as critical inputs for training advanced models and creating new demand for infrastructure that can register, license, and enforce IP at scale. In parallel, intellectual property is increasingly viewed within the digital asset markets as a novel category of real -worldasset (“RWA”) that is programmable, tradable and collateralizable on -chain, offering potential applications similar to tokenized commodities or real estate, but focused on the over $80 trillion global IP market. The $IP blockchain is intended to be optimized for the registration, licensing, and enforcement of intellectual property rights. The Story Network’s development is currently stewarded by the Story Foundation, an independent nonprofit organization that supports open -sourcedevelopment, validator coordination and grants for ecosystem projects. 114 However, although the Story Foundation and associated core developers continue to play an influential role in guiding protocol improvements, the network does not require any identifiable person or group of persons to operate. As with other decentralized systems, protocol development is transparent and open to community participation. As part of our strategy we plan to set up a validator business as a reporting segment to generate revenue from activities associated with such validation efforts. How Validation Works as a Business To become a network validator, a holder of $IP has to put up or