[ad_1]
Neo-investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings.
The Republic Note is a profit-sharing digital asset that will be launched on the Avalanche blockchain, which accrues profits generated from Republic’s wide-ranging investment portfolio and services. Republic has attracted over three million investors and has deployed over $2.6 billion into various ventures, including the likes of Web3 firms Avalanche, DappRadar and Dapper Labs.
Republic has already carried out a presale round for the Republic Note, attracting over $30 million from individual and institutional investors. Dividends from the note are set to be paid out in USD Coin (USDC) to retail investors when the dividend pool reaches a threshold of $2 million.
Related: Over 6,000 participants help Republic Note rocket past $8 million target
Republic has also developed a proprietary Web3 self-custodial, cross-chain wallet that will be used to distribute dividends to Republic Note holders. The notes will not be tradeable digital assets like other cryptocurrency tokens and are set to be listed on select securities exchanges in the next two to three months.
Republic president Andrew Durgee highlighted the selection of Avalanche as its blockchain platform of choice as primarily driven by the company’s ambition to reach and scale a broad audience of Web3 native investors:
“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 Note has been a work in progress since 2016 when its white paper was first published. Quantstamp has since audited the digital securities offering.
The website for the upcoming digital security lists the price of a single Republic Note at $0.36. Between 330 and 350 million Republic Notes will be circulating at launch, with the total Republic Note supply capped at 800 million.
As Cointelegraph recently reported, other cryptocurrency ecosystem players have also launched tokenized securities offerings to prospective investors.
Blockchain technology firm Blockstream announced the launch of the Blockstream ASIC Note in August 2023, which allows investors to gain exposure to digital securities paid for in Bitcoin (BTC) that will be used to buy ASIC mining hardware at scale.
Blockstream plans to store and sell the hardware back to the market as demand for ASIC miners picks up into 2024.
Magazine: An investment in knowledge pays the best interest: The parlous state of financial education
[ad_2]
Source link
mba essay service medical school essays cefixime 200mg price
write thesis custom research paper writing play online roulette for fun
affordable essay writing free casino slots online casino slots no download
thesis website term paper service luckyland slots
purchase term paper academic writers online gambling casinos
Review of the bookmaker Mostbet : reviews, bonuses, mirror, comments, website, minimum and maximum bets https://erickhfar87654.blogacep.com/28248213/mostbet-portugal-an-in-depth-exploration-of-your-leading-betting-platform Mostbet is one of the popular online betting platforms.
assignment writing services sell essays for money purchase cefixime online cheap
affordable term papers persuasive writing speech suprax 100mg ca
pay for assignments australia in a research paper a thesis statement should cefixime 100mg tablet
how to write an about me essay all free slots play now real casino games
order research paper online research paper titles cefixime price
writing paper online buy cefixime 200mg without prescription suprax cheap
Website creation is a complex and creative process that requires the participation of a team of specialists of various profiles http://bryners.ru/forum/viewtopic.php?f=5&t=90052 Depending on the goals and objectives of the customer, corporate websites, online stores, landing pages, blogs and many other types of web resources can be developed.
best essay service general cover letter suprax pill
buy essays for college buy essays order cefixime 100mg generic
online essay writing best casino slots online best online casino real money
paper writing online cefixime 200mg sale cefixime 200mg brand
term papers help homework help hotline cefixime over the counter
term papers writing service play for money online casino gambling casino online
write me a essay mba essay writing services suprax 100mg sale
Cool, I’ve been looking for this one for a long time
pay for essays online casino usa real money casinos online
assignment company cefixime 200mg brand buy suprax without prescription
write papers online free online casino real money no deposit gamble poker online
baclofen 10 mg no prescription
custom dissertation online assignment help best real money casino
pay essay writing paper writer real online gambling
write my term paper play casino casino online
essays writing write a essay suprax drug
help me with my research paper order cefixime 200mg online buy cefixime 200mg sale
essays done for you play real money casinos ladbrokes uk