At Republic we are constantly exploring new ways to connect companies with their customers and potential new investors.
We believe that by giving customers the chance to become investors, both parties can benefit greatly. Investors get a chance to participate in the upside of the business. The company gets a large group of investors to help spread the word, test out the product, and give valuable feedback.
This is why we created Sharedrops, which take this concept even further. A Sharedrop allows companies to give away a security (a financial interest in the company) in exchange for supporters performing simple tasks in lieu of providing cash.
A Sharedrop can allow startups to raise awareness about their company, increase use of their product, and reward existing and new users with free future equity in their company. It aligns everyone’s interests. We believe the Sharedrop is a powerful new model for companies to incentivize their users and customers.
Get Free Equity in Linen App
Republic’s first Sharedrop is being hosted by a company named Linen App. Linen App is a unique cryptocurrency startup that allows users to earn interest on holdings, primarily on crypto dollars or stablecoins in their crypto wallet. The company is backed by leading crypto investors, including Coinbase, Polychain Capital, Youbi Capital, and others.
Here’s an explanation of how it all works from Linen App’s deal page on Republic.
"Linen App is an iOS and Android mobile wallet that allows our members to link their bank account, exchange dollars for digital dollars (stablecoins), and deposit digital dollars to liquidity pools on the Ethereum blockchain to earn interest."
Get $10 in future equity for downloading the Linen App and registering
Invite friends, and if they sign up, you both get an additional $5 in future equity (optional)
Deposit funds into the app, and get rewarded with 1% APY in future equity* (optional, max of $50,000 in deposited assets for a max reward of $500 worth of future equity)
The second two steps are optional and act as bonuses on the Crowd SAFE you can receive. You can get $10 of future equity just for installing the app and signing up. That’s all you have to do to participate in the future success of Linen App.
If Linen App is acquired, or IPOs down the road, holders of these equities could see a profit. And if you do sign up for this opportunity, you’ll also learn a little about how cryptocurrency startups are innovating in the space.
According to Linen App CEO Vitaly Bahachuk, the company is already seeing encouraging results from their Sharedrop.
“The Republic Sharedrop has allowed us to acquire a critical mass of engaged early users, build a loyal community that provides us feedback on a regular basis and, as a result, we are giving back to early community members in the form of investment interest in Linen App.”
If you know of a company who would be interested in conducting a Sharedrop, you can learn how it works and apply here.
*See Linen App’s deal page for more information and terms. This offer is only available to U.S. investors.
*Free means without requiring cash or cash like consideration, Linen App has set a value on the actions investors can take and requires investors provide their personal identifiable information to the escrow agent as a form of consideration to participate in the offering.