{"id":64888,"date":"2023-11-17T16:20:58","date_gmt":"2023-11-17T20:20:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=64888"},"modified":"2023-11-17T16:21:01","modified_gmt":"2023-11-17T20:21:01","slug":"republic-to-use-avalanche-blockchain-for-profit-sharing-investment-note","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/republic-to-use-avalanche-blockchain-for-profit-sharing-investment-note\/","title":{"rendered":"Republic to Use Avalanche Blockchain for Profit-sharing Investment Note"},"content":{"rendered":"\n

Neo-investment and technology firm Republic intends to distribute Profits to retail investors from the proceeds of its diverse portfolio of investment holdings via the Avalanche blockchain-based security token<\/a>.<\/p>\n\n\n\n

\"Republic
Republic to Use Avalanche Blockchain for Profit-sharing Investment Note<\/figcaption><\/figure>\n\n\n\n

Upon its introduction on the Avalanche blockchain, the Republic Note is a profit-sharing digital asset that accumulates earnings from the Republic's extensive investment portfolio and services. <\/p>\n\n\n\n

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

Having already completed a Republic Note presale round, individual and institutional investors have contributed more than $30 million. Retail investors will receive dividends from the note in USD Coin once the dividend fund reaches a threshold of $2 million.<\/p>\n\n\n\n

Republic has also developed a Web3 self-custodial, cross-chain wallet to distribute dividends to Republic Noteholders. Ahead of their listing on select securities exchanges within two to three months, the notes will not be tradable digital assets like other cryptocurrency instruments.<\/p>\n\n\n\n

Andrew Durgee, president of the Republic, emphasized the company's aspiration to reach and scale a large audience of Web3 native investors as the primary motivation for selecting Avalanche <\/a>as its blockchain platform of choice.<\/p>\n\n\n\n

\n

\u201cChoosing Avalanche goes far beyond the network\u2019s strength, scale, and speed \u2014 it solidifies our longstanding partnership with Ava Labs, built on a shared vision of more inclusive financial markets.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

The Republic Note has been an ongoing development since its white paper's publication in 2016. In the interim, the digital securities offering underwent an audit by Quantstamp.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Other participants in the cryptocurrency ecosystem have reportedly introduced tokenized securities offerings to potential investors.<\/p>\n\n\n\n

Blockchain technology company Blockstream \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>declared the August 2023 introduction of the Blockstream ASIC Note, which grants investors access to digital securities purchased with Bitcoin and utilized to acquire ASIC mining hardware on a large scale.<\/p>\n\n\n\n

Blockstream has no intention of reselling the hardware once market demand for ASIC miners increases in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

Neo-investment and technology firm Republic intends to distribute Profits to retail investors from the proceeds of its diverse portfolio of investment holdings via the Avalanche blockchain-based security token. Upon its introduction on the Avalanche blockchain, the Republic Note is a profit-sharing digital asset that accumulates earnings from the Republic’s extensive investment portfolio and services. Republic […]<\/p>\n","protected":false},"author":1,"featured_media":64895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[4374,17274,17273],"class_list":["post-64888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-avalanche-blockchain","tag-profit-sharing","tag-republic"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/11\/image-72.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=64888"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/64888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/64895"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=64888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=64888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=64888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}