Dividend pool grows another 60%

We’re excited to announce a new milestone: the Republic Note dividend pool has grown by over 60% and has now hit $1.6 million!

The largest recent contribution — $565,000 — came from selling a portion of Republic Capital’s investment in the Avalanche network. The sale is part of Republic Capital’s ongoing portfolio diversification strategy.

80% towards the first distribution

This month, we've crossed both the $1 million and $1.5 million major thresholds, representing more than 60% growth in Q2 2024 alone, and bringing the dividend pool to over 80% towards the $2M mark. As a reminder, the $2M threshold will trigger the dividends payout process to Note holders’ wallets.

If one looks at the chart of distributions, it’s easy to see the non-linear nature of dividend pool growth. Like venture returns from which they are derived, contributions to the dividend pool occur unpredictably as Republic's portfolio investments mature and yield returns.

This dynamic nature of the pool is why holding the Republic Note can be valuable regardless of the current pool size – distributions could happen at any time as our portfolio companies reach significant milestones or exit events.

As we keep approaching our first $2 million dividend payout mark, we're more excited than ever about the future of the Republic Note on Avalanche.

Republic’s partnership with Avalanche

Our partnership with Ava Labs began in 2019 when Republic Crypto collaborated with Avalanche founder Emin Gün Sirer. Over two years, Republic Crypto provided strategic introductions, advised on AVAX token economics, and assisted with its public exchange listing. All of this has led to Republic Capital's participation in AVAX's $230 million private token sale.

Today, Avalanche is the sixth-largest blockchain, with a market cap of over $10.9B as of August 25.

In 2024 alone, it has: 

• Integrated with Stripe allowing users to purchase AVAX without using an exchange.
• Launched Teleporter, a cross-chain messaging protocol facilitating seamless connections between any EVM chain in the network, laying a new foundation for interchain communication.
• Launched Community Grants Programs in partnership with Gitcoin, the largest and longest-running web3 grants program that has helped kickstart companies like Uniswap, 1inch, and WalletConnect.
• Introduced the Icebreaker Program to accelerate the growth and stability of the Avalanche ecosystem, with the initial phase aiming to distribute up to 500,000 AVAX.
• Expanded its gaming ecosystem by partnering with KONAMI, the developer behind major franchises like Metal Gear and Silent Hill, and announcing "Resella," an NFT platform, aimed to integrate blockchain technology into gaming.

The choice of Avalanche as the chain for the Republic Note goes beyond its technical capabilities, which include industry-leading scalability, speed, and flexibility.

Our partnership is rooted in a common goal of democratizing access to private markets through technology.

The growth of our joint ecosystem today is exciting, and is just the beginning.

Join us for Note virtual investor meetup

Think of this as a strategy session where your thoughts and ideas could shape the future of the Note. Hope to see you there!

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