The Republic Note is a profit sharing token. It’s an investment in us and the success of our business and future.
The Republic Note is a profit sharing token. It’s an investment in us and the success of our business and future.
Republic Core is selling the Republic Note. It’s the technology hub that powers the Republic ecosystem.
12 cents per Republic Note.
We have raised money over the past few years for the development of the Republic Note. Investors in the past have paid between 6 and 10 cents for the Republic Note as part of pre-sales to help develop it. In addition to this public sale, in the future we hope to give away some Republic Notes for “free” in exchange for your engaging and participating on the Republic platform.
Only $100! We want as many people to participate and hold Republic Notes as possible.
Yes, you can own a fractional piece of a Republic Note. For example, you can own 0.5 Republic Notes.
We aim to distribute Republic Notes to all investors at the end of Q3 of this year, though that time frame could change.
We intend for all Republic Notes to be qualified under Reg A+ and to be freely tradeable under federal law. However, you should be prepared to hold onto your Republic Notes indefinitely.
If and when the Republic Note is listed on an exchange, you may be able to sell them there. Over time we may also facilitate peer to peer trading of the Republic Note.
Once we determine it's time for a distribution, we take a snapshot of existing balances and, within a reasonable time frame, distribute pro rata proceeds in stablecoin to each holder.
We intend to payout distributions in a stablecoin that we see fit. We will prioritize security and reliability, amongst other things, in determining which stablecoin is suitable.
A stablecoin is a token that is designed to closely track the value of a dollar or other asset. As with any other digital asset, there are certain risks to holding stablecoins.
The digital asset ecosystem is growing and there are numerous places you can spend stablecoins. You can also always convert them into dollars or other currencies. We are also working on easy ways to allow you to invest stablecoins directly on the Republic platform.
The Republic Note is built on Algorand, a layer one blockchain. Ownership of the Republic Note is tracked and verifiable on the Algorand blockchain.
Algorand offers us a strong technical solution that allows us to (i) make micro-distributions to tens and hundreds of thousands of people efficiently and securely and (ii) track identity and ownership of Republic Note in accordance with certain KYC/AML requirements.
800,000,000. There will never be more than 800,000,000 Republic Notes.
We anticipate that there will be between 310-380M issued Republic Notes circulating at launch. Only issued Republic Notes are eligible for distributions.
Up to 40% of the total Republic Note supply has been reserved for previous investors and investors in the public sale. 30% of the total Republic Note supply has been or will be allocated to our community members, affiliates, employees, and other contributors to the ecosystem. 30% of the total Republic Note supply is locked up and will be released to us in batches beginning in 2023.
We will use the money we receive to help grow our business.
There is currently no market for Republic Notes.
The Republic Note is a profit sharing token. It allows you to share in our profits when certain conditions are met. Specifically, Republic’s crowdfunding platform and private capital platform receive cash and an upside potential in every company they raise money for, in the form of equity, carried interest, tokens, etc. If and when those positions succeed some or all of those earnings will be paid back to us and ultimately to Republic Note holders.
The Republic Note is a digital asset that you hold in your wallet. Republic will provide an easy to use solution when it’s time to receive them. You will be able to access your Republic Notes just by signing in with your email. Of course, you can always hold your Republic Notes in your own Algorand wallet. Find out more about how to set up your own wallet here.
We will pay out dividends when we make over $2M from certain revenue, or a smaller amount we see fit. The Republic Note is highly speculative investment and subject to risk. We cannot predict when you will see returns if at all.
You may not see a return. We do have the discretion to distribute money to Republic Note holders though if we receive certain revenues below the $2M mark, but we are not required to.
We will email all Republic Note holders ahead of a distribution. We will also post notifications about upcoming distributions on our website.
Republic’s crowdfunding arm and Republic’s private capital arm. In the future we hope to link the revenue from other business lines back to the Republic Note as well.
Currently, proceeds earned from Fig.co are not tied in any way to the Republic Note. In the future we hope to connect certain profits from Fig.co to the Republic Note, but we are not required to.
Currently, proceeds earned from Republic Real Estate are not necessarily tied in any way to the Republic Note. In the future we hope to connect this business to the Republic Note, but we are not required to.
Reward Notes are credits that you earned in the process of participating and investing on Republic. We gave out Reward Notes to people who invested, signed up, referred a friend, etc. Reward Notes entitle you to certain benefits on the platform, kind of like airline miles. A Reward Note is not an investment in Republic.
Reward Notes are in-app credits or bonuses for being an active part of Republic. Republic Notes are securities - they are an investment in our success.
Thanks for engaging on the site! For now, we’ve paused the bounty system. We intend to begin a new bounty program once our Reg A+ offering is qualified. We will do our best to reinstate existing bounties to the extent possible.
We plan to re-open the bounty program once our Reg A+ gets qualified.
We will do our best to keep as many of the same bounty types and rewards available when the bounties become available again. However, the number of bounties, types of bounties, and total rewards are subject to change.
A wallet is an easy to use storage device for accessing your Republic Notes.
You can create your own wallet to hold Republic Notes, or allow Republic to help you do so. When it’s time to receive Republic Notes we will offer an easy-to use tool that allows you to encrypt a wallet with your email and password.
We have a system in place that will allow us to help recover your Republic Notes in the event you lose access to your wallet. We will post more details about this process before Republic Notes are distributed.
We have a system in place that allows us to recover your Republic Notes in the event they get stolen or are lost. We will post more details about this process before Republic Notes are distributed.
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Republic Core LLC (“Core”) provides technology and support services to OpenDeal Inc. and its affiliates (collectively, the “Republic Ecosystem”). The Republic Ecosystem allowed users of its services to acquire reward notes (each a “Reward Note”). Reward Notes do not entitle you to any asset, economic right, governance right, interest or other item that could lead you to expect to profit from the Reward Note. Core is also the issuer of the note token, a security (each a “Note Token”). Claiming any Note Tokens requires participating in and meeting all the requirements of a securities offering, and such an offering is not guaranteed, nor can your participation be assured.
Both Reward Note recipients and Note Token holders and as well as users of the site and services maintained by the Republic Ecosystem, regardless of and their activities on or relating to the Republic Ecosystem are subject to mandatory arbitration, are precluded to claim any class action procedure, and are subject to the applicable terms of service, in their entirety.
Republic Core LLC, with respect to a contemplated Regulation A offering, is conforming to the standards of testing the waters under Regulation A of the Securities Act of 1933, as amended (“the Act”). This process allows companies to determine whether there may be interest in a potential offering of its securities. Core is not under any obligation to make an offering under Regulation A or otherwise. Core may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering may or may not be made under Regulation A. For example, Core may determine to proceed with an offering under Rule 506(c) of Regulation D, in which case it will offer securities only to accredited investors as defined in Rule 501(a) of Regulation D of the Act.
If and when Republic Core conducts an offering under Regulation A of the Act, it will do so only once (i) it has filed an offering statement with the Securities and Exchange Commission (“SEC”), (ii) the SEC has qualified such offering statement and (iii) investors have subscribed to the offering in the manner provided for in the offering statement. The information in the offering statement will be more complete than any test-the-waters materials and could differ in important ways. You must read the offering circular contained within the offering statement filed with and qualified by the SEC. No money or other consideration is being solicited at this time and if tendered, will not be accepted. No offer to buy securities in a Regulation A offering can be accepted and no part of the purchase price can be received until an offering statement is qualified with the SEC. Any offer to buy securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date. Any indication of interest in a Republic Core offering involves no obligation or commitment of any kind.
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Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.
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