Yes, you can own a fractional piece of a Republic Note, up to eight decimal places. For example, you can own 0.5 Republic Notes.
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FAQ: Republic Note
Basics
Can I hold only part of a Republic Note?
How do I access token-holder benefits?
Republic Note holders are eligible to receive additional benefits that Republic and our partners provide.
New benefits get announced regularly. For the full list of benefits, please review the Republic Note homepage and Updates center.
Example existing or past benefits, exclusively offered to Republic Note holders:
- Access to the VC Files series — virtual events with professional investors sharing their insights with Note community (RSVP links shared with token holders via their associated email address)
- Offers — discounts and deals by Republic's partners (Promo codes could be found on the Offers page, only accessible to token holders)
Limited Metamask support
Please note that certain benefits can only be accessed via the Republic website if your account is linked with a Republic Wallet that holds Republic Note tokens. If you hold the Republic Note tokens in Metamask or another wallet, you will not be able to access the token-gated content. We recommend using Republic Wallet for best experience.
How will dividends be made to Republic Note holders?
Republic Note Holders receive dividend distributions from the Dividend Pool each time it reaches a threshold amount of $2 million*. In the event of a dividend distribution, each Republic Note entitles its holder to a pro-rata amount from the Dividend Pool, after operational transaction fees have been deducted.
The intention is for dividend distributions to be made in the form of an eligible digital asset into the same wallet holding the Note token. Republic Note holders will be made aware of upcoming dividend distributions at least four weeks prior to such an event.
*The threshold amount is subject to change at the sole and reasonable discretion of the Republic management team.How will I know about important upcoming changes?
Republic Core intends to file the necessary annual and if applicable semi-annual reports with the Securities Exchange Commission and viewable here.
Additionally, Republic Note holders can view regular updates on the project at the Republic Note Update center, and certain important information about our business will be shared via email.
In addition, any changes to the Republic Note roadmap will be communicated to investors via email.
Follow @republicnote on Twitter/X for more news.
What are dividends paid in?
The dividends to Note holders will be paid in eligible digital assets.
We will deem a digital asset "eligible" if it is (1) not a security under U.S. federal securities laws; (2) readily convertible into U.S. dollars; (3) readily accessible to Republic Note holders; and (4) designed to have, does in fact have, and can be expected to have very low or no price volatility.
Most likely, the dividends will be paid in "stablecoins". Stablecoins are tokens designed to closely track the value of a dollar or other assets. As with any other digital assets, there are certain risks to holding and using eligible digital assets.
Deeming a digital asset “eligible” does not mean we will decide to use it.
Some common examples of stablecoins are USDC and USDT.
What if my Republic Notes get stolen or lost?
We will 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.
What is a digital security?
Digital securities are digital forms of traditional securities, typically represented on a blockchain network. Just like traditional securities, digital securities tend to represent fractional ownership of an asset.
What is the Republic Note?
Republic Note is Republic's Flagship Investment Product. It's a digital security asset and it's available for anyone to buy, regardless of their net-worth, location or accreditation status.
Republic Note gives its holders exposure to part of Republic's diversified venture portfolio with a single investment. The portfolio includes companies like Space X, Carta, Axiom Space, Gumroad and over 700 more startups, blockchain projects and late-stage enterprises.Learn more at republic.com/note
The Republic Note is issued by Republic Core, LLC.
What is the value of the Republic Note?
The Republic Note provides values to holders in two ways:
Financial benefits: The Republic Note captures portions of Republic's upside from investments made through our US Funding Portal (Republic Retail) and our venture investing arm, Republic Capital, and shares it with holders. In addition to revenues from these 2 business arms, Republic intends and reserves the right to share upside from all its business activities, in order to make Note-holders feel included in the success of Republic as a whole.
Community benefits: Investors holding the Republic Note are eligible for new ways to engage with the Republic ecosystem.
Who is selling the Republic Note?
The Republic Note is issued by Republic Core, the technology hub that powers the Republic ecosystem.
It is currently being traded on the INX platform, where it can be sold by any holder. Republic Core does not currently engage in selling the Note.
Economics
How is the total Republic Note supply distributed?
Up to 43.75% of the total Republic Note supply has been reserved for previous investors and investors in the public offering. 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 has been locked up and started to be released into Treasury in batches beginning in 2023, pending future release.
What is the total supply of the Republic Note?
800,000,000. There will never be more than 800,000,000 Republic Notes.
How it works
How does the Republic Note work? When do I make money?
The Republic Note is a revenue-sharing digital security that allows you to benefit from the economic upside of select Republic’s portfolio companies. Specifically, Republic’s retail investing platform and private capital platform hold upside potentials in every company they raise money for, in the form of equity, carried interest, digital assets, 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.
How do I make returns?
We intend to distribute dividends to Republic Note holders every time we accrue $2 million in proceeds from the upside of our portfolio companies, or a smaller amount we see fit. The Republic Note is a highly speculative investment and subject to risk. We cannot predict when you will see returns, if at all.
How will I know when it’s time to get paid/receive a distribution?
Republic Core will inform Republic Note holders of any upcoming distribution events via email and applicable Republic Note Discord channels. Investors may also be notified of required action items to complete prior to such an event via email and/or a notification to your Republic account.
What about Fig? Do I get paid when Republic makes money from Video Games?
Only proceeds from the upside of offerings hosted by OpenDeal Portal LLC (Republic funding portal) and investments made by Republic Maximal LLC (Republic Capital) are accrued to the Republic Note. Most of our video game offerings hosted by Fig do not fit into this category.
What about real estate?
Only proceeds from the upside of offerings hosted by OpenDeal Portal LLC (Republic funding portal) and investments made by Republic Maximal LLC (Republic Capital) are accrued to the Republic Note. Not all of our real estate offerings do not fit into this category. Investors may find information about the hosting entity for each offering on the offering page.
What did other people pay for the Republic Note?
We have raised money over the past few years for the development of the Republic Note. Early investors in the Republic Note have paid between 6 and 10 cents for rights to the Republic Note as part of private pre-sales to help the Note’s development.
We also conducted an offering of the Republic Note to accredited investors in 2020 via Rule 506(c) of Regulation D under the Securities Act of 1933 at 12 cents per Note. At the same time, we received $17 million in reservation from our community members at this price. We rolled out a limited allocation of $3 million to meet this interest at a later date.
In addition to this ongoing offering, in the future we hope to give away some Republic Notes for “free” in exchange for your engaging and participating on the Republic platform, provided regulatory approval under Regulation A.
What happens if Republic never makes $2M from these revenues?
Returns on investments in the Republic Note are completely dependent on the success of our Note portfolio companies, the majority of which are early-stage startups that have a high rate of failures. As such, Note holders may not see a return as a result of their investments in the Republic Note. At our discretion, Republic Core may distribute dividends to people without reaching the $2M threshold in accrual of Core proceeds.
Which Republic business lines ultimately payout proceeds that benefit the Republic Note?
The proceeds accrued to the Republic Note to be paid out to Note holders come from the upside of portfolio companies of OpenDeal Portal, LLC (Republic funding portal) and Republic Maximal, LLC (Republic Capital). In the future, we may link the revenue from other business lines back to the Republic Note as well, but there is no guarantee we will do so.
Wallet
How do I create a wallet to hold Republic Notes?
Investors who want to hold Republic Notes should create a Republic Wallet. In order to create a Republic Wallet, head here: https://republic.com/crypto/create-wallet
Particularly if you are not familiar with non-custodial crypto wallets, please review the Republic Wallet FAQs before you create your wallet. There are important reminders
What is a digital wallet?
A digital wallet is a storage device that holds digital assets.
Accredited investors
Can I decrease my investment?
No, you may not decrease your investment. All investments are final.
Can I increase my investment?
You can choose to increase your investment amount at any time when the offerings are “live” and accepting investments. Increases in investments are treated on a first-come-first-serve basis, subjected to the availability of the offerings’ allocation.
Do I need to prove that I’m an accredited investor if I invest through my IRA or 401k?
Yes, you will still need to provide evidence that you are an accredited investor.
Is there any more information I need to provide?
In order to complete your investment, we will need to verify your identity and accreditation status, in the case of an investment made under the 506(c) offering. We will also require you to provide additional information, such as a Tax Identification Number, for tax purposes. If we need any further information we will notify you via email and through your investment page.
What are the individual investment limits for accredited investors participating in the Republic Note offering?
Accredited investors are subjected to the maximum investment amount for each offering, as communicated on the offering page.
What if I invest through a Trust, Firm, or Fund?
Generally, you will need to prove that the trust, firm, or fund has $5M or greater in assets by providing a bank, investment, or brokerage account statement that proves that. You can also provide evidence that all trustees and beneficiaries of the trust, firm, or fund are themselves accredited individuals.
What is an accredited investor?
Accredited investors must meet certain standards created by the US SEC which allow them to invest in certain private securities offerings. You can find the full list of US accredited investor requirements here. Non-U.S. investors must meet US standards to participate. In general, you are considered accredited under US law if you are an:
Individual
with annual income over $200K (individually) or $300K (with spouse or spousal equivalent) in each of the last 2 years and expect to make at least $200K (individually) or $300K (with spouse or spousal equivalent) this year.
with net assets over $1 million, excluding your primary residence (unless more is owed on the mortgage than the residence is worth).
Investment professionals in good standing* holding the general securities representative license (Series 7), the investment adviser representative license (Series 65), or the private securities offerings representative license (Series 82)
Investment professionals in good standing* holding one or more of the following professional certifications or designations:
Securities Industry Essentials and the Series 7TO (must have both)
Licensed General Securities Representative (Series 7)
Licensed Investment Adviser Representative (Series 65)
Licensed Private Securities Offerings Representative (Series 82)
* Good standing equals being actively registered with a broker dealer or in the safe harbor after being off-boarded (U5) at one firm before being on-boarded (U4) onto another.
Entity
Entities owning investments in excess of $5 million
Corporations, partnerships, LLCs, trusts, 501(c)(3) organizations, employee benefit plans, “family office” and any “family client” of that office with assets in excess of $5 million
Entities where all equity owners are accredited investors
Investment advisers (SEC- or state-registered or exempt reporting advisers) and SEC-registered broker-dealers
Financial entities such as a bank, savings and loan association, insurance company, registered investment company, business development company, or small business investment company or rural business investment company
Verification
What kind of documents can I upload to verify I am an accredited investor?
Income Verification: Upload tax returns, W-2s or K-1s from 2018 and 2019 showing income of $200K or greater for an individual, or $300K as a couple.Net-Worth Verification: Upload a bank, investment, or brokerage account showing assets greater than $1M excluding your primary residence. (If your accounts show less than $2M you will need to also upload a credit report).Third Party Verification: Upload a letter from your accountant, lawyer, or registered investment advisor verifying you are accredited under Reg D Rule 501.
Non-Accredited investors
I have reserved my interest in the Republic Note in 2020 through the “testing-the-water” campaign. Now what?
In November 2020, Republic Core offered up a limited allocation of the Republic Notes to fulfill the reservations of investors who expressed interest in purchasing the Republic Note under the Reg A+ “testing-the-waters” campaign in 2020. This last offering has now been closed.
Republic Note Offering
Initial distribution
Can I still receive Republic Notes if I miss the initial distribution deadline?
The first round of distributions for the Republic Note is complete. If you did not receive your Republic Note tokens, it is likely that we did not collect your required information before the deadline.
The next round of distribution is scheduled for Q3 2024. In order to qualify for this distribution, investors will need to have set up their Republic Wallet in the account that they invested in the Republic Note with. Once they have created a wallet, a joinder agreement should show up that must be completed. Both of these actions must be completed before the distribution date.
Please note that only investors with distributed tokens may be eligible for their share if and when there's a dividend payout.
How many Republic Notes will I receive?
The number of tokens you get depends on your invested amount. You may revisit your Republic Note investment details in your portfolio.
I already use a different kind of a wallet. Can I use that instead?
In order to ensure a good user experience at launch, we will only distribute Republic Notes to Republic Wallet. You will be able to send the unlocked Notes to a different wallet in the future.
I have created my Republic Wallet. Now what?
That’s it! You’re all set for the Note distribution. If there’s anything else needed from you, our team will reach out to you within one week of your creation of the Republic Wallet.
I signed up for distribution. Why don't I see Republic Notes in my Republic Wallet?
There are two main reasons why investors do not see Republic Notes in their Republic Wallets.
- Investors did not complete the Republic Wallet set up and sign the joinder agreement before Republic Notes were ready to be distributed.
- Investors have locked tokens. These locked tokens will show up if they click into their Republic Note from their portfolio or if they go to this page when signed in: https://republic.com/portfolio/crypto/assets/174423
What is the Republic Note distribution?
Republic Notes are going live! They are getting “minted” and will exist on the blockchain as digital securities. You will also receive and hold your Notes in your Wallet. You’ll be able to sell them on the trading platform (when they unlock), buy more, or send/receive them to/from other eligible users.
When are Republic Notes being distributed?
The first distribution of Republic Notes, and the only distribution happening before Republic Notes are listed and available to trade, is happening soon.
Investors who would like to trade the Republic Note must have a Republic Wallet set up by 11:59 PM Pacific Time, Sunday, November 26, 2023. To set up your wallet, click here: [Create a Republic Wallet]
If you do not create a wallet before this time, Republic Notes will be distributed to you at a later date, after you've created a wallet.
Lockups
What is the Republic Note token lockup period and how does it affect me?
Because Republic Note tokens were sold via securities offerings hosted under regulated security exemptions, certain lockup periods apply. This means that upon receiving your Republic Notes you can hold your tokens and enjoy all the holder benefits (including the dividends), but you may be restricted in your ability to transfer or sell them. Whether you can transfer or sell tokens, and who you can transfer or sell to will depend primarily upon two factors:
When you bought your tokens
What regulation exemption the offering was hosted under
We have outlined the 5 primary groups of investors and details about their lockup periods in the following FAQs.
Lockup details: 2022 Reg CF Note offering
Can I trade the Republic Notes upon receiving them?
Since you purchased the Republic Note under a Reg CF or Reg D offering, US securities laws require the Republic Notes to be restricted from transfers within the first 12 months following the last date of the offering.
For example, since you invested in a Reg CF offering that closed on March 29, 2023, the Republic Note purchased under this offering will be locked and you will not be able to start trading these Notes until March 29, 2024. If you have invested in more than one Republic Note offerings in the past year, you may visit the offering in your portfolio and check out the offering closing date to find out the time at which you may start trading your Republic Notes.
While your Republic Notes purchased through this offering are not available for trading, you can still buy and later sell additional Notes on the trading platform once the Republic Note gets listed.
How can I trade my Republic Notes once they are unlocked?
You can trade the Republic Notes on INX, our partner secondary trading platform, after they have been unlocked. To learn about how to trade your Republic Note and start trading, please view our listing and trading FAQ here.
What can I do with my Republic Notes if they are locked?
The Republic Note is a revenue-sharing and community-driven token that allows you to benefit from the upside of certain investments by Republic and other perks provided by Republic. You are entitled to the full range of benefits, including the dividend distributions, by holding the Republic Notes in your Republic Wallet, regardless of their lockup status.
Is any transfer of ownership possible within the “locked” period?
US securities laws allow for certain exceptions to the transfer restriction rules, such as to a member of the family of the Investor or the equivalent, to a trust controlled by the Investor, to a trust created for the benefit of a member of the family of the Investor or the equivalent, or in connection with the death or divorce of the Investor or other similar circumstances. If you may need to make a transfer under any of the aforementioned circumstances, please reach out to our investor support team.
If you have any other questions, please email our team at note-support@republic.co.
Follow Note on x.com/republicnote
Lockup details: 2022 Reg D Note offering
Can I trade the Republic Notes upon receiving them?
Since you purchased the Republic Note under a Reg CF or Reg D offering, US securities laws require the Republic Notes to be restricted from transfers within the first 12 months following the last date of the offering.
For example, since you invested in a Reg D offering that closed on March 28, 2023, the Republic Note purchased under this offering will be locked and you will not be able to start trading these Notes until March 28, 2024. If you have invested in more than one Republic Note offering in the past year, you may visit the offering in your portfolio and check out the offering closing date to find out the time at which you may start trading your Republic Notes.
While your Republic Notes purchased through this offering are not available for trading, you can still buy and later sell additional Notes on the trading platform once the Republic Note gets listed.
How can I trade my Republic Notes once they are unlocked?
You can trade the Republic Notes on INX, our partner secondary trading platform, after they have been unlocked. To learn about how to trade your Republic Note and start trading, please view our listing and trading FAQ here.
What can I do with my Republic Notes if they are locked?
The Republic Note is a revenue-sharing and community-driven token that allows you to benefit from the upside of certain investments by Republic and other perks provided by Republic. You are entitled to the full range of benefits, including the dividend distributions, by holding the Republic Notes in your Republic Wallet, regardless of their lockup status.
Is any transfer of ownership possible within the “locked” period?
US securities laws allow for certain exceptions to the transfer restriction rules, such as to a member of the family of the Investor or the equivalent, to a trust controlled by the Investor, to a trust created for the benefit of a member of the family of the Investor or the equivalent, or in connection with the death or divorce of the Investor or other similar circumstances. If you may need to make a transfer under any of the aforementioned circumstances, please reach out to our investor support team.
If you have any other questions, please email our team at note-support@republic.co.
Follow Note on x.com/republicnote
Lockup details: 2023 Reg CF Note offering
Can I trade the Republic Notes upon receiving them?
Since you purchased the Republic Note under a Reg CF or Reg D offering, US securities laws require the Republic Notes to be restricted from transfers within the first 12 months following the last date of the offering.
For example, since you invested in a Reg CF offering that closed on May 1, 2023, the Republic Note purchased under this offering will be locked and you will not be able to start trading these Notes until May 1, 2024. If you have invested in more than one Republic Note offering in the past year, you may visit the offering in your portfolio and check out the offering closing date to find out the time at which you may start trading your Republic Notes.
While your Republic Notes purchased through this offering are not available for trading, you can still buy and later sell additional Notes on the trading platform once the Republic Note gets listed.
How can I trade my Republic Notes once they are unlocked?
You can trade the Republic Notes on INX, our partner secondary trading platform, after they have been unlocked. To learn about how to trade your Republic Note and start trading, please view our listing and trading FAQ here.
What can I do with my Republic Notes if they are locked?
The Republic Note is a revenue-sharing and community-driven token that allows you to benefit from the upside of certain investments by Republic and other perks provided by Republic. You are entitled to the full range of benefits, including the dividend distributions, by holding the Republic Notes in your Republic Wallet, regardless of their lockup status.
Is any transfer of ownership possible within the “locked” period?
US securities laws allow for certain exceptions to the transfer restriction rules, such as to a member of the family of the Investor or the equivalent, to a trust controlled by the Investor, to a trust created for the benefit of a member of the family of the Investor or the equivalent, or in connection with the death or divorce of the Investor or other similar circumstances. If you may need to make a transfer under any of the aforementioned circumstances, please reach out to our investor support team.
If you have any other questions, please email our team at note-support@republic.co.
Follow Note on x.com/republicnote
Lockup details: 2023 Reg D Note offering
Can I trade the Republic Notes upon receiving them?
Since you purchased the Republic Note under a Reg CF or Reg D offering, US securities laws require the Republic Notes to be restricted from transfers within the first 12 months following the last date of the offering.
For example, since you invested in a Reg D offering that closed on November 2, 2023, the Republic Note purchased under this offering will be locked and you will not be able to start trading these Notes until November 2, 2024. If you have invested in more than one Republic Note offering in the past year, you may visit the offering in your portfolio and check out the offering closing date to find out the time at which you may start trading your Republic Notes.
While your Republic Notes purchased through this offering are not available for trading, you can still buy and later sell additional Notes on the trading platform once the Republic Note gets listed.
How can I trade my Republic Notes once they are unlocked?
You can trade the Republic Notes on INX, our partner secondary trading platform, after they have been unlocked. To learn about how to trade your Republic Note and start trading, please view our listing and trading FAQ here.
What can I do with my Republic Notes if they are locked?
The Republic Note is a revenue-sharing and community-driven token that allows you to benefit from the upside of certain investments by Republic and other perks provided by Republic. You are entitled to the full range of benefits, including the dividend distributions, by holding the Republic Notes in your Republic Wallet, regardless of their lockup status.
Is any transfer of ownership possible within the “locked” period?
US securities laws allow for certain exceptions to the transfer restriction rules, such as to a member of the family of the Investor or the equivalent, to a trust controlled by the Investor, to a trust created for the benefit of a member of the family of the Investor or the equivalent, or in connection with the death or divorce of the Investor or other similar circumstances. If you need to make a transfer under any of the aforementioned circumstances, please reach out to our investor support team.
If you have any other questions, please email our team at note-support@republic.co.
Follow Note on x.com/republicnote
Lockup details: 2020 Reg D Note offering
Will all of my Republic Notes be tradeable once I receive them?
Only 15% will be available at listing. To help ensure a smooth listing, your Republic Notes purchased in 2020 will be released on a gradual schedule: 15% are released at listing, and the rest are released monthly over 11 months. This means that while you will see all of your Republic Notes in your Wallet and still have all the benefits associated with holding your Note balance, only 15% of them will be transferable on the first month of listing.
If you invested in an additional Republic Note offering in 2023, these Republic Notes will be restricted by US Securities Law to not be transferable for the one year following the closing date of the offering. You may visit the offering page through your portfolio and check out the offering closing date to find out the time at which you may start trading your Republic Notes.
How does the gradual release schedule work?
All Republic Notes will be under the same gradual release schedule at listing, with 15% of the purchased Republic Notes being released and transferable on the first day of listing. The remainder of your Republic Notes will be released monthly over the next 11 months (7.73% per month), with the full purchased balance being completely transferable one year from the listing date.
Why not allow me to sell all Notes at once?
Having only a portion of pre-purchased securities available for trading at the early stages of secondary listing is a common practice to maintain stability in the Republic Note’s price and avoid a significant price drop in anticipation that privately purchased Republic Notes would flood the market. A gradual release schedule is implemented to protect the overall interest of the Republic Note investor community, while still allowing for a portion of pre-purchased Notes to be listed for investors seeking liquidity.
Can I purchase more Republic Notes despite my tokens being unlocked?
Yes, you can purchase additional Republic Notes on our partner secondary trading platform. These newly purchased Republic Notes will be freely transferable upon purchase.
How can I trade my Republic Notes once they are unlocked?
You can trade the Republic Notes on our partner secondary trading platform after they have been unlocked. We will provide more guidance and instructions closer to the listing event.
What can I do with my Republic Notes if they are locked?
The Republic Note is a revenue-sharing and community-driven token that allows you to benefit from the upside of certain investments by Republic and other perks provided by Republic. You are entitled to the full range of benefits, including the dividend distributions, by holding the Republic Notes in your Republic Wallet, regardless of their lockup status.
Is any transfer of ownership possible within the “locked” period?
US securities laws allow for certain exceptions to the transfer restriction rules, such as to a member of the family of the Investor or the equivalent, to a trust controlled by the Investor, to a trust created for the benefit of a member of the family of the Investor or the equivalent, or in connection with the death or divorce of the Investor or other similar circumstances. If you need to make a transfer under any of the aforementioned circumstances, please reach out to our investor support team.
If you have any other questions, please email our team at note-support@republic.co.
Follow Note on x.com/republicnote
What is the gradual release schedule?
How does the gradual release schedule work?
All Republic Notes will be under the same gradual release schedule at listing, with 15% of the purchased Republic Notes being released and transferable on December 6, 2023, the first day of Republic Note secondary trading on INX. The remainder of your Republic Notes will be released every 30 days in 11 installments (7.73% per installment), with the full purchased balance being completely transferable one year from the listing date.
Republic Note distributions made after December 6, 2023 will have the gradual release schedule applied retroactively, starting on the same date of December 6, 2023.
Why not allow me to sell all Notes at once?
Having only a portion of pre-purchased securities available for trading at the early stages of secondary listing is a common practice to maintain stability in the Republic Note’s price and avoid a significant price drop in anticipation that privately purchased Republic Notes would flood the market. A gradual release schedule is implemented to protect the overall interest of the Republic Note investor community, while still allowing for a portion of pre-purchased Notes to be listed for investors seeking liquidity.
Trading
How do I trade on INX? A guide for investors.
Individuals who want to trade the Note on INX are recommended to proceed through this route.
ℹ If you want to sign up for INX using an entity, do not go through the process below and please reach out to their team directly at support@inx.co.
ℹ If you already have an INX trading account set up and have linked a Metamask wallet to that account, please reach out to the INX team at support@inx.co to unlink your wallet before beginning the “trade with INX” setup process. To learn more, please view this article.
→ Start here 👈
Part I — on Republic
Login to your Republic account.
Proceed to connect your Republic and INX accounts — republic.com/trade-with-inx.
You may be prompted to pass identity verification (KYC) again.
If you don’t already have a wallet, you will be prompted to create a wallet.
Agree to share your personal details with INX to automate your INX account creation.
This securely passes your information to INX to expedite your account creation and keep your accounts linked. It will also take care of linking your Republic Wallet to INX and whitelisting it for trading.
Wait a few moments and you’ll be redirected to INX. (Don’t try to go to INX directly)
Part II — on INX
Now it’s time to finish creating your INX account. Because you shared your Republic information with INX, your data has already been pre-filled for the INX identity verification (KYC) review, and your Republic wallet has been linked in the background.
Set your password and then log in.
Finish setting up your account:
Employment information
Accreditation, income, and experience
Reminder: Accreditation or prior experience is NOT a requirement for trading the Note. This is the standard INX onboarding questionnaire.Agree to INX terms.
Wait for the identity verification (KYC) approval. Some U.S. users will get approved instantly, but sometimes it takes up to a few days. If you’re non-U.S. the approval process can take up to several days.
Fund your trading account — if you want to be ready to purchase the Note you’ll need to have a U.S. Dollars balance in your security trading account.
INX is a licensed digital security trading platform and all trading must be done in USD, not crypto.
You don’t need to fund your account if you’re an existing Note holder and only looking to sell your Notes.
Republic Note is a security token, not a cryptocurrency. If you have also opted to trade cryptocurrencies on INX, please make sure to fund your security tokens USD balance.
Please note: there are fees associated with funding your account.
Go to menu → portfolio to start.
There are two options to fund your INX account.Fund with crypto. You can fund your USD account with crypto using INX’s crypto conversion service. Follow these instructions. Please note that to use this service you must only send crypto from your linked wallet.
Fund via wire transfer. If you don’t have crypto or don’t want to go that route, you have the option to send USD from another bank account via a wire transfer.
You’re ready to trade ✅
If you’re new to trading, INX has many helpful articles in this section.
To avoid delays, whenever relevant, please make sure you use the same details as on your Republic account.
There may be more actions that sellers must take to prepare to sell, so please review all the FAQs about listing and trading here.
Where can I buy or sell Republic Notes?
The Republic Note is being listed on INX, a broker-dealer/ Alternative Trading System registered with the SEC and a member of FINRA and SIPC. INX is the only place the Republic Note will trade initially. Eventually, Republic Notes may be listed on other alternative trading systems.
How can I protect myself against scams?
Here are a few important things to be aware of so you can make sure that you are interacting with the official Republic Note listing.
The Republic Note is being listed and is tradable only on INX
The Republic Note token contract address is 0x7c6a937943F135283A2561938DE2200994a8f7a7 • Link
Republic and INX will never reach out to you and offer to buy or sell Republic Notes to you
All official communications from Republic will come from an @republic.co or @republic.com email address
Republic.com is Republc’s only official website and Inx.co is INX’s only official website. Do not click links you are not absolutely sure of.
Republic Notes can ONLY be purchased on INX — no other trading platform can currently technically list Republic Notes. If other platforms become available, we will notify of this through our official channels.
Never share your seed phrase with anybody. Republic and INX will never ask you for your seed phrase. If someone knows your seed phrase, they can take possession of your funds.
Beware of SMS messages and messages sent to you on social media. If you’re not sure, reach out to us at investors@republic.co
Republic Note’s official X/Twitter handle is @republicnote ; Republic's is @joinrepublic
If you see something, say something. Let the Republic Note team know about any potential scams by emailing us at note-support@republc.co
Also, to be protected please use general caution by not clicking links from unknown senders, using strong passwords and storing them in a secure place (like a password manager), avoiding untrusted browser plugins, and updating your browser, apps and system regularly.
Residents of which countries are restricted from trading the Republic Note?
While Republic is committed to providing access to private assets for all, there are certain restrictions imposed by third parties that limit who can currently participate in the trading of Republic Notes. Republic will continue to work on increasing participation in and access to the Republic Note and private assets in general.
Your ability to trade Republic Note tokens depends primarily on your geographical jurisdiction. Below you will find two lists of countries:
- Countries whose residents cannot participate in trading on INX but can participate in peer-to-peer trading and;
- Countries whose residents cannot participate in trading on INX and cannot participate in peer-to-peer trading
Countries whose residents cannot trade on INX but can transfer Republic Note tokens peer-to-peer include:
Aland Islands, Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Armenia, Aruba, Azerbaijan, Barbados, Belize, Benin, Bhutan, Bonaire, Sint Eustatius and Saba, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Burkina Faso, Cabo Verde, Cambodia, Chad, Christmas Island, Cocos (Keeling) Islands, Comoros, Cook Islands, Croatia, Curaçao, Cyprus, Djibouti, Dominica, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, French Guiana, French Polynesia, French Southern Territories, Gabon, Gambia, Georgia, Ghana, Greenland, Grenada, Guadeloupe, Guam, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and McDonald Islands, Holy See, Honduras, Iceland, Indonesia, Isle of Man, Jamaica, Jersey, Kazakhstan, Kenya, Kiribati, Lesotho, Liberia, Liechtenstein, Macao, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Micronesia (Federated States of), Moldova (Republic of), Monaco, Mongolia, Montenegro, Montserrat, Morocco, Myanmar, Namibia, Nauru, Nepal, Netherlands, New Caledonia, Niger, Niue, Norfolk Island, Northern Mariana Islands, Oman, Palau, Panama, Papua New Guinea, Paraguay, Pitcairn, Republic of Kosovo, Réunion, Rwanda, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Senegal, Serbia, Sierra Leone, Sint Maarten (Dutch part), Slovenia, Solomon Islands, South Georgia and the South Sandwich Islands, Sudan, Suriname, Svalbard and Jan Mayen, Tajikistan, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkmenistan, Tuvalu, Uganda, Uzbekistan, Vanuatu, Vietnam, Virgin Islands (British), Virgin Islands (U.S.), Wallis and Futuna, Western Sahara
Countries whose residents cannot trade on INX and cannot transfer Republic Notes peer-to-peer:
Albania, Belarus, Bosnia and Herzegovina, Burundi, Central African Republic, Congo (Democratic Republic of the), Côte d'Ivoire, Cuba, Dominican Republic, Iran (Islamic Republic of), Iraq, Lao People's Democratic Republic, Lebanon, Libya, Montenegro, Mozambique, Nicaragua, Nigeria, North Korea, Pakistan, Russian Federation, Serbia, Somali, South Sudan, Syrian Arab Republic, Tanzania, Turkey, Ukraine, Venezuela, Yemen, Zimbabwe.
*Users from Hawaii, Nevada, New York, Tennesee, Texas, American Samoa, Guam, and the U.S. Virgin Islands are restricted from trading cryptocurrencies on INX but can trade security tokens like the Republic Note.
*Users from China are restricted from trading cryptocurrencies on INX but can trade security tokens like the Republic Note.
*For the most up-to-date information on who can trade on INX, please visit https://www.inx.co/trade/security-tokens/, scroll down to “Are Security Tokens available in my country?” and input your country.
*All countries which are not restricted on INX are also not restricted in peer-to-peer trading
Who can trade Republic Note?
Individuals and entities who are KYC’d and approved on Republic and INX and have set up a Republic Wallet can trade the Republic Note. Both accredited and non-accredited investors can participate. If you invested in the Republic Note offerings in the past, some or all of your Republic Note tokens may be locked up and restricted from trading. To best understand your lockup, we recommend you review these FAQs. If you did not complete your Republic Wallet setup and sign the joinder agreement on time, your token distribution may be delayed.
Some investors may be restricted from participating in trading based on their geographical location. To learn more, you can review our FAQ on the topic here.
Can I buy Republic Notes?
Those who are interested may be able to buy Republic Notes on the INX platform even if they have not previously purchased Republic Notes via the Republic platform.
How many tokens can I sell on INX?
Investors who participated in primary offerings of the Republic Notes can have either:
available (unlocked) and locked tokens or
only locked tokens
tokens pending distribution
Only available tokens can be sold. You can review your available token amount in your Republic Wallet. Locked tokens will not be displayed on this page.
For your breakdown of available vs locked tokens, view the Republic Note from your wallet (direct link here).
Available:
You can freely trade this amount (post for sale on INX).
Locked:This amount is locked and can not be traded. It will become available according to your release schedule. You can find info on your schedule here.
Pending distribution:
If you created your wallet after the distribution deadline, you will see your pending distribution amount. Make sure that you have signed the joinder agreement to be eligible for the next distribution round.
If your Republic Notes are being held in Metamask, you will see both the locked and available tokens in your balance. If you would like to understand your locked vs available balance, please view your wallet address on an Avalanche block explorer like Snowtrace.
What is a trading account? Why do I need to open a trading account? Can I trade the Note with my Republic account?
If you want to trade the Note, you have to open a trading account on the INX trading platform. Once your account is created and approved you will be able to participate in the market.
Please review this article to start setting up your trading account.
Can I sell Republic Notes?
If you have unlocked Republic Note tokens and would like to sell them, you can connect your Republic Wallet and set up an INX account via your Republic Wallet.
If you’re unsure whether or not your Republic Notes are unlocked, you can reference your Republic Wallet after tokens are distributed or check this FAQ on the topic.
If you did not receive Republic Note tokens upon the initial distribution, you likely did not complete the setup of your Republic Wallet and the signing of the joinder agreement on time. Please reach out to note-support@republic.co to check on the status of your distribution.
I want to sell Republic Notes - how do I get ready?
Republic Notes will be listed and tradable on INX, so investors must set up INX trading accounts and connect them with their Republic Wallets.
For individuals, you can begin this process from your Republic Wallet page and finish it on INX.
For investors who invested as an entity, we recommend working with the INX team directly to get your account set up. You can reach out to the Republic Note team at note-support@republic.co to get introduced to the INX team or reach out to support@inx.co.
Why do I need to pass KYC again?
The Republic Note is a digital security, also called a security token. This means that the trading of this security must be done in a registered manner that complies with United States securities laws, despite its digital form. Private securities issued in the United States come with selling restrictions, transfer restrictions, tax implications, and more.
If you’d like to trade the Republic Note on INX, INX will need to make sure it has KYC information on both the buyer and the seller of the Republic Note.
Why do I need to link my Republic Wallet?
INX is a non-custodial trading platform which means that you won’t need to deposit your Republic Note tokens to the INX account. Instead, you will hold your tokens in your self-custody wallet and set an allowance for INX to move your tokens once the sale trade is successful. The Republic wallet is supported by INX and enables easy management of cryptocurrencies and security tokens such as Republic Note. By linking the Republic Wallet to INX, you will be able to easily trade the Republic Note and make deposits to your INX account.
In addition, the Republic Wallet is integrated with the Republic investment platform which will allow investors to access a wide range of benefits and experiences that are not available through other digital wallets.
What is wallet whitelisting?
Due to the restrictions associated with transferring and selling the Republic Note, investor wallets must be “whitelisted”, or registered and confirmed to trade, buy, and sell the token with our transfer agent, Brassica.
Whitelisting helps Republic and our partners ensure that the owner of the wallet is indeed the same person who is or may be holding the Republic Note tokens. Republic, INX, and our partners have made this a seamless process for investors on the backend.If you invested in the Republic Note via the Republic platform, your wallet will automatically be whitelisted. If you buy or sell Republic Note tokens on INX, your Republic Wallet will be whitelisted. If your Republic Wallet is not whitelisted for any reason and you would like to have it whitelisted, please reach out to the Note team at note-support@republic.co and we’ll be happy to help.
Transfer is only allowed amongst unlocked Republic Notes, regardless of whitelisted status.
Can I use another wallet?
INX allows linking and whitelisting Metamask wallets. However, INX supports only one wallet per account. If you already have a Republic account we highly recommend you use the Republic Wallet. Please note that the initial distribution of the Republic Notes will only be made to the Republic Wallet.
If you are receiving tokens from an offering on Republic, your INX account must be set up using your Republic Wallet. If you already have a Metamask wallet linked to your INX account, please reach out to their team at support@inx.co before you onboard to have that wallet unlinked.
What is AVAX?
AVAX is the native token to the Avalanche blockchain protocol, on which the Republic Note is built. As a refresher, the Republic Note is a digital security, and as such requires a digital infrastructure/network for it to be programmed and operated. Avalanche is the infrastructure chosen to build the Republic Note.
Investors will need C-Chain AVAX tokens in their Republic Wallets to execute trades. AVAX from other Avalanche chains cannot be used to pay blockchain network fees. To learn more about the differences between the P, X, and C-Chains. Click here.
Why do I need to have AVAX in my Republic Wallet (sellers only)?
AVAX is used on the Avalanche blockchain to interact with and access the Avalanche blockchain. To submit transactions, transfer tokens, swap tokens, and more, users must have AVAX in their wallets. This AVAX is used to pay for transaction fees or “gas” incurred for using the network. Anybody who would like to sell the Republic Note on INX will need to have AVAX in their Republic Wallet.
Buyers will not need AVAX to purchase the Republic Note on INX.
Where can I buy AVAX?
There are several ways investors can purchase AVAX. If you are not familiar with purchasing AVAX or other cryptocurrencies, you’ll first need to convert fiat currency (e.g. USD) into AVAX. One simple way to buy AVAX is via the INX platform or on exchanges like Coinbase.
For INX, US investors can deposit funds and convert those funds into AVAX via ACH, credit or debit cards, wire transfers, and cryptocurrencies. Non-US investors can deposit with wire transfers and cryptocurrencies and convert to AVAX on INX.
Please note that there may be delays or holding periods associated with either your deposit purchase or your ability to withdraw AVAX to your Republic Wallet if you use fiat currency such as USD. If you need to send AVAX to your Republic Wallet as quickly as possible, converting a different cryptocurrency into AVAX on INX will be the fastest way.
For more information on depositing funds to INX, you can review their materials on the subject here. Coinbase has an article here that you can review as well.
For a list of exchanges that are compatible with AVAX, see their article here.
How do I get AVAX into my Republic Wallet?
As a reminder, anybody who would like to sell Republic Notes on INX must have enough AVAX in their wallets to pay for transaction fees (usually a few USD or less).
Once you’ve obtained AVAX, you’ll need to send it to your Republic Wallet address if you’d like to sell Republic Notes. To receive AVAX in your Republic Wallet after you’ve purchased it, log into your Republic Wallet and scroll down to the Avalanche network. There you will see a receiving address (pictured below) which you should copy to paste into your INX or other account you are transferring from.
Reminder all investors need to use C-chain AVAX. AVAX from other Avalanche chains cannot be used to pay the network transaction fee. Learn more about the differences between the P, X, and C-Chains. Click here.
If you use Metamask, make sure it is configured to C-Chain. If you are using the Republic Wallet, it is already configured to receive C-Chain AVAX.
One check to confirm that you have the right address, though not foolproof, is to confirm the first four and last four digits of the wallet address you are sending to match the receiving address digits from your wallet. In the example below, the first four digits are 0x94 and the last four digits are 2B3F.
AVAX transaction fees vary but are usually relatively inexpensive. Investors should only need a few USD worth of AVAX to complete transactions. Before sending large amounts of cryptocurrency like AVAX to your wallet, we recommend sending a “test” transaction first with a small sum of money.
The transaction may take a few minutes to go through.
For more information on withdrawing cryptocurrencies from INX, you can review this FAQ. For information on withdrawing from Coinbase Exchange, you can review their materials on the topic here.
Will I be able to trade locked tokens?
Locked tokens cannot be traded on trading platforms or transferred. To review how tokens are unlocked, you can see our FAQs on the topic here.
Where can I learn more about Note trading on INX?
You can connect with the INX support team here: https://crypto-support.inx.co/hc/en-gb or reach out to support@inx.co
What are the fees associated with trading on INX?
Funding, withdrawal, and trading fees for INX can be viewed here: https://www.inx.co/fee-schedules/
Why do I have to unlink my MetaMask wallet on INX?
If you already have an INX trading account with a connected MetaMask wallet, you will have to unlink that MetaMask wallet before you begin the “trade with INX” setup process. This only applies if you would like to sell your tokens upon the Republic Note’s listing.
INX only allows one wallet to be connected to a user’s trading account. Republic Notes will be distributed to investors’ Republic Wallets, so if you’d like to trade your Republic Note tokens, the Republic Wallet is the wallet that must be linked to the INX platform.
The ability to troubleshoot an unlinking of your MetaMask wallet after you have connected your Republic account to INX will be limited, so we cannot guarantee that investors will be able to trade upon the Republic Note’s listing.
What is the minimum trade amount for Republic Notes listed on INX?
The minimum order amount for trading is 100 Republic Notes.
We believe that the minimum should be as low as possible while still providing an optimal user experience. It is our goal to make the Note as democratized and accessible as possible.
This minimum is being put in place to optimize a user's experience on INX. There are fees associated with trading on INX and we do not want the costs of trading to exceed the trade amount. Any minimum lower than 100 Republic Notes would interfere with the user's experience.
This minimum will be monitored and changed as needed with the goal of making it as accessible as possible.
Benefits
NFC-chipped Republic Note merch
Republic Note NFC-chipped (Near-field communication) t-shirts are an exclusive limited-edition merchandise drop reserved for our most active Republic Note holders.
How do I get this t-shirt?
To qualify for the t-shirt, you must hold Republic Note and actively engage in our community. Each interaction earns you points, from commenting on our updates to participating in our exclusive virtual and offline events.
I have received a t-shirt, how do I use the chip?
To unlock the magic powers of the t-shirt look for symbol on the sleeve and tap on it with your phone.
What does the chip do?
These NFC chips contain unique referral codes that unlock special rewards for the holder. Anyone who taps your chip with their phone will get a special bonus* when they sign up. The bonus can only be received if a referral is made through your chip. Even better: you will also qualify for a reward whenever someone signs up through your link.
* Details will become available with the launch of the Republic Note Bonus Program. Terms and conditions apply. Terms and conditions apply.
How will a friend of mine who taps on the t-shirt be able to sign up?
When a friend taps your t-shirt, they'll be directed to your personalized referral page. They'll be prompted to enter their email address to receive detailed instructions. Following this, they'll get a step-by-step guide via email to complete the signup process.
Reward drop
How do I know I’m viewing the legitimate Note Sharedrop campaign?
These days, it’s common to receive phishing and spam messages around “getting something for free” that aren’t legitimate. Here’s how you can now you’re on the legitimate website:
This Sharedrop reward campaign is an SEC-registered offering, you can view the offering page here. In the "Documents" section of the offering page, you can find the link to the Form C, filed with SEC (U.S. Securities and Exchange Commission). You can also search the SEC website at sec.gov/search-filings (search for Republic Core, LLC) and find the Form C there.
The offering is hosted on OpenDeal Portal LLC, PRD #283874. The security issuer is (and all communications are coming from) Republic Core, LLC.
Here are some rules of thumb for not getting scammed:
Check that you’re on the Republic website (check that URL in the browser starts with https://republic.com)
We would never ask for money from you as part of the Sharedrop campaign.
We would never ask you to connect your external wallet or sign any transaction as part of a Sharedrop campaign (but you’d need to have a Republic Wallet setup to receive rewards)
All email communications would come from email addresses ending with @republic.co or @republic.com
We would never contact you via a direct message on a social platform to invite you to participate in a campaign or an offering.
How was the number of tokens in my reward determined?
In the Republic Note sharedrop campaign of July 2024, your reward was calculated individually for you, based on your actions recorded on the platform, mostly between 2019 and 2020.
Each action has been assigned a point value. The sum of all points that you have earned would place you into one of the buckets as per the table below:
Bucket
Points earned
Republic Notes you can claim
Tier-1
1 to 49 points
50
Tier-2
50 to 199 points
200
Tier-3
200 to 499 points
500
Tier-4
500 to 999 points
1,000
Tier-5
1,000 to 2,499 points
2,500
Tier-6
2500 to 4,999 points
5,000
Tier-7
5,000+ points
10,000
Here are some examples of actions and the corresponding points for each:
Action
Points awarded
Add 2FA protection on your account
1
Add a payment option on your account
1
Be one of the first 10 investors in the offering
1
Be the first investor in the offering
20
Complete your investor profile
1
Follow 15 startups
1
Invest in 3 causes (i.e. “Social Impact”)
20
Make 1 helpful comment (your comment gets marked as helpful)
2
Make 1 investment
5
Make 10 investments
100
For the full list of actions and corresponding points, please refer to the offering’s Form C.
Why do I only see $0.01 in my portfolio
Technically, your participation is still an investment. But instead of investing your money, you are "paying" with an action that the issuer "values" at $0.01. That's why in your portfolio you will temporarily see $0.01 as a value. When the tokens will be distributed, you will receive the number of tokens that you see on your certificate.
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