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*Updated 6/7/21*
Hey everyone, it's been over a month since the CERE offering; we understand that it's been a long process for everyone involved (Republic and CERE team included), and we'd like to update you on what's been done so far and what we're working on:
- CERE Lockup contract is fully deployed to mainnet; you can view it here: https://etherscan.io/address/0x15B363ceb7688a727b8406AED009D70F7704Cd34#code (please note that this is NOT the token contract, The Lockup contract address is the one that investors will interact with using their wallets to transfer their tokens as they are unlocked). Please feel free to add to your wallet that can add custom addresses (like MetaMask) if you have purchased locked tokens. We will have a contract live for participants who purchased unlocked tokens.
- For Reg S participants, we have reopened the "edit wallet address" on our site under "My portfolio." we have seen a high demand for this, and we will keep this open as long as possible until distribution. We recommend using a wallet address that supports custom tokens (such as MetaMask, Trust Wallet, and atomic wallet)
- For distribution and listing: we understand these are the two main things on the top of everyone's mind. We will continue to answer as many questions as possible on our Telegram channel as well as update this blog with new information as it is available.
We thank you for your patience and overwhelming support. 🙏
– Republic
We knew the community was excited about Cere, but the demand shattered expectations. The offerings are fully subscribed, with an aggregate of $26.3M investment commitments ($21.9M Reg-S to non-US, and $4.4M Reg-D to US) in 35 minutes, and a (still accumulating) additional $64M+ in waitlist interest.
🔥 In the first hour of CERE launch the average rate of investment was 107.45 investments per minute.
What's next?
Thank you so much to all of the enthusiastic supporters of the Cere project and their public token offerings, which we were proud to make possible on Republic’s platform. If you were able to secure your investment commitment, congratulations!
As we work to finalize all the required information needed from investors, you should be receiving emails about what steps, if any, are required from you, as well as information about when and how tokens will be distributed to investors. You can always view any required actions related to your investment commitment by visiting your portfolio and clicking “View my investment.”
If you have any questions regarding this process, please contact us at crypto@republic.co. We do thank you in advance for your patience as we work through the large volume of inquiries.
About CERE
Amid a time of historic growth for the blockchain industry, this was one of the first major token offerings available to qualifying U.S. participants in 2021. Participants from around the world were able to participate, pursuant to local regulatory guidelines. The CERE offering supported mobile purchases, another major milestone for a fast-maturing space.
If you’re unfamiliar with Cere Network, it’s one of the most anticipated projects in the entire blockchain space. Think of its Decentralized Data Cloud (DDC) platform as the natural evolution of popular data management platforms like Salesforce and Snowflake.
Cere’s blockchain innovations, along with its suite of enterprise SaaS solutions, have been built in alignment with blockchain platform Polkadot to bring clusters of enterprise-focused interoperable networks and solutions into the greater blockchain ecosystems.
Cere’s Decentralized Data Cloud is designed from the ground up to address enterprise needs for individual user data encryption and privacy compliance, while simplifying customization and integration with intelligent (AI) and data-driven personalization solutions. This new, open approach also unlocks the vast potential of on-demand data marketplaces that outperform traditional proprietary and closed systems.
Cere’s founding team possesses a deep mix of expertise that spans both blockchain and traditional enterprise technology markets, hailing from organizations such as Amazon, Twitch, and Huobi. Cere is also supported by Republic Labs, Binance Labs, Fenbushi Capital, Neo Global Capital, Arrington XRP Capital, Okex, Kinetic Capital, Monday Capital, QCP and AU21.
Underpinning this entire ecosystem is the CERE token, which is used to power its Data Cloud and fuel Cere’s Open Data Marketplace of trustless data-sharing between businesses and external data specialists. Any eligible participant who wants to purchase CERE tokens will only be able to do so on the Republic platform for the duration of the token offering event.
Supporting the CERE sale is the latest step in Republic’s journey to democratize access to deals that previously excluded a majority of participants. Republic offers a secure and reliable platform to participate in deals that span gaming, real estate and startups, in addition to crypto.
It also marks a major milestone for Republic Advisory Services, which has evolved from its initial advisory capacity to become a holistic services firm that mints tokens and now offers the full capacity of Republic’s platform. CERE is the first in a series of anticipated token sales that will be available via Republic.
FAQ
About the Cere token
When is the expected liquidity event for the CERE token?
For accredited US participants, upon delivery, the CERE token will be locked for 1 year in Republic wallets. For non-US participants, a liquidity event will be held within two weeks of the offering.
What is the price per CERE token on the liquidity event?
Price per token is dependent on your geography, as well as the lockup period of your choice. A longer lockup period will result in a cheaper token price.
Will there be any restrictions on transfer of tokens?
None for non-US investors.
What are the CERE token standards?
ERC-20
About the Cere Reg D offering on Republic
What is the difference between the Reg D and Reg S offerings?
The Regulation D 506(c) offering will only be available to US accredited investors. The Regulation S offering exists for investors outside of the United States who wish to participate.
Will I need to create an account with Republic in order to buy Cere?
Yes, you will need to create a free account on Republic and also pass the KYC and AML requirements prior to participating in the offering. If you are a US-based investor, you will also need to verify your accredited investor status. As these processes can sometimes take up to a few days to complete, we strongly encourage those interested in participating to complete the verification process in advance here.
What is the minimum/maximum amount that I can purchase?
The minimum investment for individuals is $1000. The minimum for other entities is $15,000. The maximum investment amount is $250,000 for all investors.
Is this offering open to US-based investors?
Yes, but accredited investors only. This offering is being conducted as a parallel Reg D / Reg S offering, meaning that US-based accredited investors will be able to participate under Reg D 506(c).
What do I have to do to verify my identity or complete your KYC-AML process?
Identity verification for the Cere token offering is built into the investment process. If you’re investing as an individual, you’ll enter some personal information and be prompted to upload an ID when necessary for verification. If you’ve already invested on Republic you’ve likely already completed this process. If you are investing as an entity, we may request additional documentation or information from you in order to verify your entity and/or other controlling owners of that entity.
Can I complete my identity verification or KYC-AML prior to investing?
Yes, in fact we encourage you to! In order to do so, simply sign into your Republic account and head to https://republic.co/settings/personal-details to complete your identity verification before the offering goes live.
If my entity is not wholly-owned by me, will you need to verify the identity of the other owners?
Yes, and if any of those owners are entities, we’ll need to verify their owners as well. We will also verify the identity of any and all officers, directors, managers, partners or equivalencies.
About the Cere Reg S offering on Republic
What is the difference between the Reg S and Reg D offerings?
The Regulation S offering exists for investors outside of the United States who wish to participate. The Regulation D 506(c) offering is available so that US accredited investors can participate in this token offering.
Will I need to create an account with Republic in order to buy the right to Cere tokens?
Yes, you will need to create a free account on Republic and also pass the KYC and AML requirements prior to participating in the offering. If you are a US-based investor, you will also need to verify your accredited investor status. As these processes can sometimes take up to a few days to complete, we strongly encourage those interested in participating to complete the verification process in advance here.
What is the minimum/maximum amount that I can purchase?
The minimum investment for individuals is $1000. The minimum for other entities is $15,000. The maximum investment amount is $250,000 for all investors.
What do I have to do to verify my identity or complete your KYC-AML process?
Identity verification for the Cere token offering is built into the investment process. If you’re investing as an individual, you’ll enter some personal information and be prompted to upload an ID when necessary for verification. If you’ve already invested in other campaigns on Republic, you’ve likely already completed this process. If you are investing as an entity, we may request additional documentation or information from you in order to verify your entity and/or other controlling owners of that entity.
Can I complete my identity verification or KYC-AML prior to investing?
Yes, in fact we encourage you to! In order to do so, simply sign into your Republic account and head to https://republic.co/settings/personal-details to complete your identity verification before the offering goes live.
If my entity is not wholly-owned by me, will you need to verify the identity of the other owners?
Yes, and if any of those owners are entities, we’ll need to verify their owners as well. We will also verify the identity of any and all officers, directors, managers, partners or equivalencies.
I am participating from outside of the U.S.. What kind of identity verification documents do I need to provide?
Investors participating from outside of the United States must provide a passport in order for their identity to be verified. If you cannot provide a passport as a form of identification, we will be unable to accept your investment.
What if I get a message that my name doesn’t match my ID?
Your legal name should be entered exactly as it appears on your identification document. If you have a middle initial on your license include it. If you have a suffix on your name, write it exactly how it appears on your ID. If you’re certain your name is written exactly how it is on your ID, and still having an issue, it’s probably one that we will need to resolve. We’ll look into it. If we are able to manually approve your identity verification, we will do so and you’ll receive an email confirming. If not, we’ll reach out to you with more guidance.
Questions? Let us know at crypto@republic.co
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by Republic Advisory Services or any of its affiliates. All information provided in this web page is impersonal and not tailored to the needs of any person, entity or group of persons. Republic Advisory Services is being compensated $225,000 USD (half in cash and half in CERE tokens)of the total token supply issued by Cerebellum Network, Inc., for services provided in connection with this web page and other advisory services. Neither Republic Advisory Services nor any of its affiliates has independently verified any of the information provided in this web page or makes any assurances as to the completeness, accuracy or reliability of any such information. This web page may contain external links to third-party content (content hosted on sites unaffiliated with Republic Advisory Services), and neither Republic Advisory Services nor any of its affiliates makes any representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this newsletter. Linking to any such third-party sites in no way implies or constitutes an endorsement or affiliation of any kind between Republic Advisory Services (or any of its affiliates) and any third-party. Republic Crypto LLC d/b/a Republic Advisory Services is a subsidiary within a family of companies owned by OpenDeal Inc. (together sometimes referred to as “Republic”). Republic and its affiliates do not provide tax, accounting or legal advice — all recipients are advised to consult with their own advisers.
