Republic, the next-generation investment and technology firm, has announced that it will be issuing its upcoming digital asset on the Avalanche blockchain network. The digital asset, called Republic Note, will serve as a form of dividend payout for investors who tap into the extensive portfolio of the Republic investment infrastructure. With this dividend-paying digital token, users will be able to access Republic’s 750+ private equity portfolio.
The Republic Note is currently on offer for $0.36 and has amassed over $900,000 in its dividend pool size. Once the pool reaches $2 million, dividends will be shared using Circle’s USDC stablecoin. The digital token has already secured over $30 million from both private and institutional investors during its early launch phase, and over 290,000 community members have signed up for the program.
Upon its launch, the Republic Note will have a maximum token supply of 800 million blockchain-based security tokens, with approximately 372 million currently in circulation. The Avalanche blockchain network, while not as widely recognized as Ethereum, offers unique benefits in terms of scale, speed, and eco-friendliness, as highlighted by Republic. The protocol’s planned launch of a dedicated subnet for the Note token in 2024 has influenced Republic’s decision to choose Avalanche over Ethereum.
Republic’s President, Andrew Durgee, emphasized that the partnership with Avalanche aligns with the firm’s long-term vision of democratizing private market investing and creating inclusive financial markets for different investor personas.
It’s important to note that the Republic Note is not a regular crypto asset like Bitcoin. It will not be traded on regular crypto exchanges but instead deployed on specific platforms. The asset is set to launch on INX, a US-regulated secondary trading platform for decentralized assets. While there is no definitive date for its public market debut, the Republic team expects the platform token to be available on INX and other special securities exchanges within the next two or three months.
In conclusion, the collaboration between Republic and Avalanche marks an important step towards innovating the investment landscape and providing new opportunities for investors to access private market investments through blockchain technology.
Frequently Asked Questions (FAQ)
Q: What is the Republic Note?
A: The Republic Note is a digital asset issued by Republic, an investment and technology firm. It serves as a dividend payout for investors who access Republic’s investment portfolio.
Q: How can users access Republic’s private equity portfolio with the Republic Note?
A: Users can access Republic’s private equity portfolio by owning and holding the Republic Note digital token.
Q: How much is the Republic Note currently priced at?
A: The Republic Note is currently priced at $0.36.
Q: How will dividends be shared for the Republic Note?
A: Dividends for the Republic Note will be shared using Circle’s USDC stablecoin once the dividend pool size reaches $2 million.
Q: When will the Republic Note be available on public markets?
A: There is no definitive date for the Republic Note’s public market debut, but it is expected to launch on INX and other special securities exchanges within the next two or three months.
Q: What are the benefits of using the Avalanche blockchain network?
A: The Avalanche blockchain network offers benefits such as scale, speed, eco-friendliness, and flexibility, making it an attractive choice for Republic’s digital asset launch.
Q: Can the Republic Note be traded on regular crypto exchanges?
A: No, the Republic Note will not be traded on regular crypto exchanges. It will be deployed on specific platforms like INX, a US-regulated secondary trading platform for decentralized assets.