AngelList Spin-Off ‘Republic’ Releases Its Very Own Revenue-Share Token

AngelList Spin-Off ‘Republic’ Releases Its Very Own Revenue-Share Token

Many of our readers might be well aware of the fact that New York-based equity crowdfunding platform ‘Republic’ is one of the first firms in the world to offer its customers with an “all-in-one fundraising solution”.

However, it now appears as though Republic has gone a step further and created a blockchain-based token that allows anyone to “share in the success of the companies that it helps raise money for”.

At this point in the article, it should be pointed out that Republic was launched in 2016 and it is one of the few firms operating within the crypto arena to possesses a FINRA-license — which allows it to help early-stage companies raise capital from a variety of different financial avenues.

So What’s Being Offered This Time Around?

As per an all-new press-release available on the firm's official website, Republic is now offering interested individuals with the chance to procure a piece of the company’s profits completely free of cost — through its native token offering called “Note”.

From the 8th of this month, Republic will start distributing its “Note digital token” for free to anyone who signs up on the company’s official website.

On the subject, Republic MD Ryan Myint elaborated by saying:

“Notes are earned through specific actions and provide users with a bunch of perks, such as early access to investment opportunities, events, and stuff like that”.

In this regard, we can see that by simply registering an account on Republic’s online portal users can obtain their first 10 Note coins free of cost. In the same vein, a start-up referral can earn an individual anywhere upto 1,500 Notes.

Myint then went on to say:

But the cool part here is. Republic aims to eventually link the Note to Republic’s equity interest in every company that raises on Republic, which allows Note holders to have a stake in the potential upside on Republic’s entire portfolio.”

As a result of this novel business model, every successful fundraiser conducted by the firm will see percentage-based profits being distributed amongst those who possess the firms’ native Note tokens.

More On The Matter

When asked by an interviewer if Republic’s Note coin was similar to an STO (security token offering), Myint said that any such clarifications would be doled out in due time. However, he did say that all of the financial developments that were being carried out by his company were completely in line with existing federal securities laws and regulations.

Also, from a historical standpoint, we can see that everything that Republic has done up until now has laid in accordance with the guidelines set forth by the US SEC. To this effect, we can even see that the firm is one of the only blockchain entities operating within North America that has the SEC’s clearance to sell digital tokens to non-accredited US investors.

Last but not least, Republic's in-house staff also boasts of a team of four lawyers that is headed by established securities litigator Kendrick Nguyen.

Final Take

In closing out this piece, it should be pointed out that there currently exists an explicit disclaimer at the bottom of Republic’s website which could be a cause of concern for some people.

The disclaimer reads as follows:

“Although the Note may not at this time constitute a ‘security’ under our view of applicable laws and regulations, Republic is conforming to the standards of testing the waters under Regulation A of the Securities Act of 1933, as amended (“the Act”). This process allows companies to determine whether there may be interest in an eventual offering of its securities.”

Last but not least, the company has also made it clear that there are no assurances when it comes to the future performance of its latest digital offering. With that being said, if this entire experiment is indeed successful, we could see the dawn of a new financial era within the global crypto arena.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Lebanon’s Fiat Currency, the Lira, Drops 50% of Its Value in 10 Days Due to Hyperinflation

Lebanon's financial crisis is only deepening with each passing day, as the country is engulfed in hyperinflation. An unofficial report suggested that the value of...

Bitcoin-based Startup Zap Opens Strike for Public Beta And Plans to Release Visa Rewards Card

Jack Mallers, Zap founder, revealed on Thursday that Zap’s Strike product, which enables individuals to receive Bitcoin in US dollar form through direct bank...

Techemy Capital Plans To Launch Compound (COMP) Investment Portfolio for Yield Farmers

Techemy Capital, a New Zealand based digital asset investment firm and fund management, announced the planned launch of new DeFi strategic investment products next...

Bitcoin Retail Investors will Eat Up All the New Supply Starting 2028: Report

The latest study titled, “Retail Investors Steady in Physical Bitcoin Snatch-Up” talks about how the remaining 10% of bitcoin supply will take 120 years...

Russian Court Denies Appeal for $900K Compensation for Stolen Bitcoin; It's Not Property

A victim of a kidnapping in Russia who lost $90,000 worth of Russian Rubles and 99.7 in stolen Bitcoin, appealed to the court almost...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today