Crypto

How the TPA works

What is the TPA?

Token Purchase Agreement

One of the ways you can invest on Republic Crypto is using the Token Purchase Agreement. The TPA (sometimes also called Crowd Token Rights Agreement or CTRA) is not equity, debt, or a token itself, but a contract that entitles you to tokens in the future. Each project’s TPA terms are different – be sure to read and understand the terms of any agreement before making an investment.

Understanding common deal terms

Republic Crypto offerings are done under Title III rules, so they share some terms with other offerings. Learn about the common terms here.

Key terms:

Token price

The price per token, in dollars.

Discount

The discount on the token price. For example, a 20% discount means that for an investment worth $1 of tokens, you pay $0.80.

Maturity/Lockup period

The amount of time before the issuing project has to pay out your investment in tokens. This period ends when earliest of the following take place:

The issuing company's blockchain system goes live
One year passes from the date of issuance of the TPA
The company has a way to release the tokens to you without violating applicable securities laws

If the company dissolves, you will have the right to claim back your investment as if you were a debt holder of the company. This does not guarantee a return of your principal as there is no guarantee the company will have sufficient cash on hand.

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