Republic was created in 2016 to democratize access to capital markets and make investing fun, easy, and accessible. Today we are excited to share details about the Republic Note, a new digital security we are in the process of building in partnership with, and on top of, Algorand.
The Republic Note will be a unique digital asset — in that it will pay out dividends to holders if and when parts of the Republic ecosystem earn certain revenue.
To our knowledge, there’s currently nothing like it on the market.
Up until now the digital security space has been slow, if not disappointing. It’s failed to meaningfully deliver on one of its core promises — efficiently making new types of assets available to retail investors. Most tokenized assets have only been sold to accredited investors. Others have failed to take advantage of the gamification and community elements of crypto that have created network effects and increased the popularity of many. Tokenized assets have also struggled to meaningfully improve on existing options. With the creation of the Republic Note we aim to remedy these issues by providing a new community-driven, dynamic asset, available to retail investors, that takes advantage of some of the key benefits of blockchain technology. We expect the Republic Note will also be an on-ramp to crypto, angel investing, and Republic as a whole.
In 2018, Republic raised capital from Binance Labs, NGC, EastChain, and other leading crypto investors to help create the token. In 2019, Republic released a non-security reward called the “Reward Note” that functions as a reward credit on the Republic investment platform. Republic used this reward to incentivize engagement — users are rewarded for making their first investment, following influencers, and engaging with and contributing to the platform. Republic saw its user base increase dramatically in the short time after the launch, and has now 7x’d its user base to nearly 500k users. Holders of this reward invest more frequently, comment and post more in forums, and help refer new uses and issuers.
Republic Core*, a Republic subsidiary that provides technology services to other Republic entities and serves as the backbone of the Republic ecosystem, is now working alongside Algorand to create a digital security that we hope will have mass appeal. Republic has evolved to include multiple fundraising platforms and business lines, including a crowdfunding platform and a private syndication arm targeting high net worth individuals and family offices. No date has yet been set for the launch of the proposed digital security.