Republic is an investment platform that facilitates funding from accredited and non-accredited entities with high new worth, and investors into startups. It is a marketplace for private investors, where each of us can invest in startups anywhere that fit our own vision of a better world. Its ecosystem is by a token called Republic Note, a digital asset issued on the Algorand blockchain.
Republic Note
The Republic Note is a profit sharing token. Embedded at the center of the ecosystem, which is made up of public investment platform called Republic Crowd Invest and a private investment platform called Republic Private Capital. These two types of platform receive technical services from their affiliate, Republic Core.
How does it work?
Republic Private Capital and Republic Crowd Invest receive two forms of compensation: a cash commission and securities or interest. A portion of these compensations are in turn receives by Republic Core when these compensations get acquired at a premium or go public. These amounts received by Republic Core are called Core Proceeds.
They plan to make the Republic Note tradable on the leading digital security exchanges like BINANCE as well as on other exchanges. They also plan to allow for “wrapped” Republic Notes to become available so that the Republic Note can be more easily traded on Binance Chain and Binance DEX, as well as on other blockchains and their native decentralized exchanges.
The total token supply is 800,000,000 NOTE with an initial circulating supply of 310,000,000 to 370,000,000 (38.75%-46.25%). The price per note is $0.12.
Who are the team behind of Republic?
Who backs the Republic?
The Republic is backed up by different public and private global investors such as Robinhood, Delee, Carta, Relativity, LTSE, Equipment Share, Dapper, AMPLE, PROPS, InnaMed, Everytable, and many more companies where each of them provide varying investment to Republic.
About Republic
These are the following brief information about Republic:
- First to facilitate compliant token sale for non-accredited US investors
- First platform to launch credit card processing
- Created the Crowd SAFE as widely adopted by the industry
- First compliant airdrop to US retail investors
- Launched the first and the only crowd investing reality TV show in the world
- First to receive an investment from AngelList, Binance Labs, and East Chain Co.
- Secured FINRA approval for its portal application in less than 30 days.
- Regular dialogues with the SEC and Congressional staff to champion for policy changes and industry issues.
Reference:
https://republic.co/note
