Republic Note Token

NOTE


Price
$0.15 USD (0%)

24h Volume
448

Market Cap
$30,150,000

Last Trade
February 24, 2024

Last Trade
February 24, 2024
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NOTE Price

Trading History

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Terms

Fundraise Information

Total Raise $30,000,000 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $0 USD
Accepted Investors Non-Accredited Retail
Exemptions RegD and RegCF
Instrument Revenue-Sharing Agreement
Token Issuance Info Lock up period of 12 months due to both RegD and RegCF

Token Information

Price Per (NOTE) $0.15 USD (0%)
Token Issuance Platform Republic Core LLC
Blockchains Available On Avalanche
Security Type Dividend
Asset Class Asset Backed Securities
Payment Options USD

Token Rights

Republic Note Holders receive dividend distributions from the Dividend Pool each time it reaches a threshold amount of $2 million. In the event of a dividend distribution, each Republic Note entitles its holder to a pro-rata amount from the Dividend Pool, after operational transaction fees have been deducted. The dividend distributions may be made in USDC stablecoins. Republic Note holders will be made aware of upcoming dividend distributions at least four weeks prior to such an event.

About

Overview

Each Republic Note is a unit of Class B limited liability company membership interests in digital form issued by Republic Core LLC.

Republic was one of the first platforms to leverage Regulation Crowdfunding for private companies to raise capital from retail, non-accredited investors. They have a venture portfolio of 750+ private companies and assets. If any of them sell, offer dividends, or have any other liquidity event, the profits generated go towards a pool to be distributed to the Note holders.

30% of the Total Republic Note Supply has been allocated toward a locked reserve (the “Locked Reserve Republic Notes”). The Locked Reserve Republic Notes have been locked until January 1, 2023, at which point they will be released following the release schedule detailed below. The managers of Republic Core may, in their business judgment, decide to issue Locked Reserve Republic Notes for future offerings to investors, community incentive grants, or team and associate incentive grants or sales. Locked Reserve Republic Notes will not be considered Issued Republic Notes until they are formally issued after the lockup period ends.