Republic’s Profit-Sharing Token: The Avalanche Note

Neo-investment and technology firm Republic intends to distribute dividends to retail investors from the proceeds of its diverse portfolio of investment holdings via a blockchain-based security token.

The Republic Note, a digital asset designed for profit-sharing, is scheduled to be introduced on the Avalanche blockchain. It will accumulate profits derived from the diverse investment portfolio and services offered by Republic.

Republic has amassed more than $2.6 billion in funding and over three million investors have invested in its enterprises, including Web3 companies Avalanche, DappRadar, and Dapper Labs.

Already having completed a presale round for the Republic Note, individual and institutional investors have contributed over $30 million.

Retail investors will receive dividends from the note in USD Coin once the dividend fund reaches a specified threshold of $2 million. Additionally, Republic has developed a cross-chain, Web3 self-custodial wallet that will be utilized to pay dividends to holders of Republic Notes.

Unlike other cryptocurrency tokens, the notes will not be tradable digital assets. They are scheduled to be listed on specific securities exchanges within the following two to three months.

“Choosing Avalanche goes far beyond the network’s strength, scale, and speed — it solidifies our longstanding partnership with Ava Labs, built on a shared vision of more inclusive financial markets.”

The Republic’s president, Andrew Durgee, emphasized that the company’s desire to broaden its reach and engage with a variety of Web3 native investors was the main driving force behind its decision to use Avalanche as its preferred blockchain platform.

The Republic Note has been an ongoing development ever since the publication of its white paper in 2016. Since then, Quantstamp has conducted an audit of the digital securities offering.

The forthcoming digital security website specifies $0.36 for a single Republic Note. At commencement, 330 to 350 million Republic Notes will be in circulation, with a maximum supply of 800 million Republic Notes.

In August 2023, Blockstream, a provider of blockchain technology, declared the introduction of the Blockstream ASIC Note.

This product grants investors access to digital securities procured with Bitcoin, which will be utilized for the large-scale acquisition of ASIC mining hardware.

Blockstream has no intention of reselling the hardware once market demand for ASIC miners increases in 2024.