OngoingJul 16, 2020 – Dec 31, 2020
The Republic Note is a first of its kind profit-sharing token that allows holders to share in Republic Core’s profits when startups and private equities in our ecosystem succeed. It will be available to purchase starting July 16, and we intend for it to be made widely available to both accredited and non-accredited investors in a tiered open token sale that capitalizes on Republic’s existing 700,000 members.
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What is Republic Note
Republic is a leading U.S. based investment platform and community with a mission of democratizing access to private investing. Private markets are radically changing. Blockchain technology, evolving capital markets regulations, and growing retail market appetite are all contributing to a profound shift in how and from where capital is raised. These changes will help make private markets more accessible, dynamic, and inclusive. We are the technology arm that powers Republic1 and its ecosystem that aim to create the private equity marketplace of the future. The Republic Note will be a proft sharing digital asset that will provide its holders with economic rights to a portion of Republic’s future success.
Founded in 2016 and backed by AngelList, Binance, and the Algorand Foundation, Republic operates a public investment platform for retail investors from all backgrounds and a private investment platform for institutional and accredited investors only. Each platform typically receives two forms of compensation for their services: a cash commission or a fee, and a potential upside in the companies they help fnance in the form of securities or carried interests. The Republic Note will entitle holders to share in our revenue from the realization of profts that Republic’s investment platforms earn when certain upside is realized if companies - past, present and future - exit (i.e., get acquired or go public). We will ofer periodic payouts to Republic Note holders in the form of dividends in stablecoin, to the extent practicable, if and when our proceeds from these exits reach a certain threshold amount.
The Republic Note is being built on the Algorand blockchain. We plan to issue a wrapped Republic Note on Binance Chain in the future, to the extent practicable.
DetailsPublic sales: Jul 16, 2020 - Dec 31, 2020
Token supply: 800,000,000 NOTE
Total tokens for sale: 66,666,666 NOTE
Hard cap: 8,000,000 USD
LegalBlockchain Platform: Algorand
Registration country: United States
Registration year: 2019
Office address: 335 MADISON AVENUE, SUITE 7E, NEW YORK, NY 10017
Token infoTicker: NOTE
Token standard: ASA
Token price in USD: 1 NOTE = 0.12 USDT
Accepted currencies: ETH, BTC, USD
40% - reserved for previous investors and investors in the public sale
30% - allocated to our community members, affiliates, employees, and other contributors to the ecosystem
30% - locked up and will be released to us in batches beginning in 2023
Offices on the map
Republic Note Roadmap
Phase 1 – Project Development Financing
Equity Investments with Token Delivery Rights Accredited only, global
Phase 2 – Private Pre-sales to Strategic Institutional Partners
Private Offering of Republic Notes Accredited only, global
Phase 3 – 506(c) Offering
Accredited sales, non-accredited reservations of interest, global
Phase 4 – Public Offering
Public Republic Note Offering under Regulation A Accredited and non-accredited, global
Republic Note Delivery
Target delivery date of Republic Notes (subject to applicable legal holding periods)