- Republic is launching the Republic Note, a profit-sharing digital security that pays dividends to retail investors in USDC when the pool reaches $2 million.
- The Republic Note will run on the Avalanche blockchain to leverage its ability to reach and scale a broad Web3 investor base.
- The Republic Note has already raised over $30 million in presale demand. Between 330-350 million notes will circulate at launch, priced at $0.36 each.
Republic taps Avalanche blockchain to issue dividends to retail investors through a new digital asset called the Republic Note. This innovative offering aims to provide inclusive access to startup profits.
Avalanche Chosen to Reach Web3 Investors
Republic has chosen to launch the Republic Note on the Avalanche blockchain. This cements their partnership with Ava Labs, united by a vision for more inclusive finance. Avalanche was selected primarily for its ability to reach and scale a broad Web3 investor base.
How the Republic Note Works
The Republic Note accrues profits from Republic’s wide investment portfolio and services. Dividends will be paid in USD Coin (USDC) when the pool reaches $2 million. Republic has developed a proprietary self-custodial wallet to distribute payouts. The notes will not be tradeable tokens but will list on select exchanges.
Strong Presale Demand
Republic has already raised over $30 million in a presale of the Republic Note. Between 330-350 million notes will circulate at launch, with a capped supply of 800 million. The price per note is set at $0.36.
Regulatory Compliance
The offering has been audited by Quantstamp. The Republic Note qualifies as a digital security, so will adhere to securities regulations. Listing on exchanges will further ensure compliance.
Conclusion
The Republic Note offers retail investors a new opportunity to share in startup profits. Its innovative dividend model and compliance efforts could become a blueprint for inclusive blockchain finance.
