Company: IPST
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001213900-25-121277
Chunk: 192

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 192
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 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 based on utilization of the network (which adjusts the frequency by which new blocks are created). The supply of $IP Tokens is reduced when the base fee for transactions is burned. Additionally, certain actions by validators and delegators require one $IP Token to be burned. The initially created one billion $IP Tokens were distributed as follows: • Ecosystem and Community: approximately 384 million $IP Tokens, or 38.4% of the initial supply, was allocated towards promoting ecosystem growth and community development by supporting developers, community members, and users of the Story Network across marketing, events, grants, and other activities. • Initial Incentives: approximately 100 million $IP Tokens, or 10% of the initial supply, was issued to be disbursed as rewards to incentivize the growth of the Story ecosystem. • Story Foundation: approximately 100 million $IP Tokens, or 10% of the initial supply, was allocated to Story Foundation to support its team, educational services, and growth efforts related to the Story Network. 113 • Early Contributors: approximately 216 million $IP Tokens, or 21.6% of the initial supply, was retained by early contributors and advisors to compensate for their early efforts in the development of the Story Network. • Core Contributors: approximately 200 million $IP Tokens, or 20% of the initial supply, was allocated to be used as compensation for team members contributing to the development of the Story protocol. Modifications to the Story Network The Story Network is open -sourceand community -governed. Its development is overseen by Story Foundation and supported by