The Cere token offering will launch on Republic Crypto tomorrow, commencing at 10 AM ET, according to the crowdfunding platform. Called an “industry first’ Cere Network is hosting the Cere public sale across three unique listing platforms including DAO Maker and Polkastarter – but Republic goes first.
Republic is anticipating robust demand for the token offering that is being offered under Reg D (506c) in the US and Reg S for foreign investors. US investors must be deemed accredited and Republic is encouraging people to register in advance of the offering. US investors are locked for one year but international investors may have a “liquidity event” two weeks after the offering. Individuals must participate at a $1000 minimum or a max amount of $250,000 (the first 3 hours the cap is $25,000).
Republic describes Cere as one of the most exciting projects in the entire blockchain sector. Cere is a “decentralized data and finance cloud for enterprises.” The Cere token is the native crypto of the platform. Cere seeks to make data directly accessible in near real-time by all parties. This then enables secure and private data collaborations through Cere’s Open Data Marketplace (ODM) which is said to be free from traditional vendor lock-ins. To quote Cere:
“By connecting the corporate cash flow and assets that have already been on-boarded onto the Cere SaaS platform to the rapidly growing DeFi landscape, Cere SaaS-DeFi enables enterprises to better utilize their sidelined capital, optimize their financial operations, create frictionless payment experiences for their customer base, and tap into the supercharged liquidity of DeFi.”
While the story sounds a bit magical, Cere strives to remove friction while increasing interoperability from data-intense processes. Think hyper-personalization with a drop-in solution. You can read all about it here.
Last month it was reported that Republic Labs, part of Republic, syndicated a $5 million private offering in Cere in which Republic took a small slice of the offering. Beyond Republic, other investors included the Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB exchange, and Gate.io exchange.
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