Introducing
Republic Note
Republic's own digital security, a profit-sharing token with finite supply, the R/Note is poised to bring profit to the people by distributing dividends when select portfolio companies succeed.
No sale of the Republic Notes is ongoing. Any sales of the Republic Notes will only take place via the official Republic platform, upon the qualification of proper registration exemptions.
Republic’s own
digital security
Republic is a leading alternative investment platform that gives individual investors access to a wide range of opportunities including early-stage startups, growth-stage/pre-IPO technology companies, crypto, e-sports and video games, real estate and Main Street investments.
The Republic ecosystem has facilitated over $500 million in investments from more than one million global community members from more than 100 countries around the world.
The Republic ecosystem
Republic is uniquely positioned within the private investing ecosystem, leveraging its various partners, communities, and investors to scale and grow. R/Notes sit at the heart of the Republic ecosystem and capture some of its value.
Token holders participate
R/Note allows investors to own a piece of the profits from certain Republic business lines. R/Note is backed by Republic Core's profit-sharing interests in select Republic portfolio companies. When these companies succeed, R/Note holders receive dividends.
Some of the companies that have raised capital with Republic:
Sequoia Capital
Sequoia capital and Visa
Fort Ross & Microsoft
How do R/Note holders make money?
R/Note is a profit-sharing digital security that gives investors a derivative right to the economic upside of some parts of the Republic ecosystem.
Liquidity events
When certain companies have an exit that generates cash proceeds, a portion accrues to R/Notes.
Dividends
Once these allocations reach $2M in aggregate, pro-rata distributions will be made to all holders of R/Notes. Future distributions will be made every time the $2M threshold is met (or earlier at the discretion of Republic Core.)
Limited quantity
No more than 800 million R/Notes will ever be minted, and 30% of them are locked until 2023. Because supply is finite, if demand for R/Notes rises, then their value may rise.
Tokenomics, Tech & Terms
R/Note is a new kind of asset that gives holders a share in the Republic platform’s success.
Powered by Algorand
R/Note is built on the Algorand blockchain, a blockchain with faster processing speeds and lower gas fees than traditional blockchains like Ethereum.
Audited by Quantstamp
Quantstamp conducts smart contract, off-chain, networking, and front-end audits in order to enhance the security of decentralized applications. Quantstamp security monitoring software scans million of transactions per day to detect and respond to suspicious activity in different blockchains.
Security
R/Note was designed for access control. Tokens can only be transferred to addresses that are registered on the access control list (transparently listed in the smart contract), and each of those addresses is associated with an identity. If R/Notes leave a wallet without permission, we can figure out where they went.
Republic Wallet
A cross-chain wallet with unique attributes.
Republic Note is backed by leading blockchain investors
Galaxy Interactive recently led a $36 million investment round into Republic, the parent company of R/Notes.
We are at the early stages of a multi-decade super-cycle of retail empowerment. Republic is at the forefront of this trend, and there is no team that better understands the intricate web of consumer tech, finance, and regulation needed to bring real innovation to the private investment space.
— Richard Kim, Partner at Galaxy Interactive
The Republic Note is the vessel for this unusual model, which aims to create a virtuous circle for investors — a successful equity investment by the Republic crowdfunding platform leads to dividends, interest or a liquidity event, which is then shared among Republic Note token holders.
Using tokens...companies can more easily fractionalize ownership of their businesses and sell pieces of equity while avoiding burdensome paperwork. For investors, the token’s easier transferability and potential for it listing on an exchange make it attractive...
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White Paper
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The Note Book
The most up-to-date information about R/Note in one place
Republic Core LLC (“Core”) provides technology and support services to OpenDeal Inc. and its affiliates (collectively, the “Republic Ecosystem”). Republic Note 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 the applicable terms of service, in their entirety. Republic Core receives revenues from certain clients which are distributable to Republic Note holders at pre-disclosed trigger events.
Core is “testing the waters” with respect to the sale of Republic Notes under Regulation A of the Securities Act. The “testing the waters” process allows companies to determine whether there may be interest in an eventual offering of its securities to qualified purchasers under Regulation A. Core is not under any obligation to make an offering under Regulation A. No money or other consideration is being solicited for an offering under Regulation A at this time and, if sent, it will not be accepted 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 choose to proceed with its offering under Rule 506(c) without ever conducting a Regulation A offering, in which case only accredited investors within the meaning of Rule 501 will be able to buy Republic Notes If and when 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. Prospective investors who are interested in participating in the Regulation A offering must read the offering statement filed with the SEC, when that offering statement becomes publicly available No money or other consideration is being solicited at this time in connection with any potential Regulation A offering 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 Core’s offering involves no obligation or commitment of any kind.
* Figures used in the chart are presented to the best of the Republic Core's knowledge and in certain circumstances are rounded or estimates. Please refer to offering memorandum to view the finalized amounts and all relevant disclosures, disclaimers and any updates related to such figures.
