IPCHAIN token are not an investment, a currency, stock, shares, rights, options or derivatives and do not represent units or holdings in a collective investment scheme including an investment fund, units in a business trust, derivatives of units in a business trust or any other security or type of security and they are not registered with any government entity as a security or have characteristics typically associated with securities. IPCHAIN token holders do not receive profits, income, interests, rights, ownership, title, payments or other forms of returns or benefits from IPCHAIN or any associated property, for the acquisition, transfer, holding, management or disposal of IPCHAIN tokens.