Republic’s Cere token offering kicked off mere minutes ago but it appears that Republic may have underestimated demand. The website is posting a Cloudflare notice that indicates tens of thousands of people are waiting to access the site. Republic anticipated a strong response to the offering but even their expectations of robust demand may have fallen short.
@cerenetwork now live: https://t.co/sdLshv3imH
— Republic 🌎 (@joinrepublic) April 13, 2021
This is a huge fail as i was on the website beforehand minute before launch & got shut out…
Very disappointed!!!
— The Cryptocurrency (@TCryptoCurrency) April 13, 2021
The Cere Network token offering is described 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. Republic is hosting both a Reg S and Reg D offering for the token. The Reg S exemption allows international investors to participate. The token offering is being called an “industry first’ as the public sale will be hosted across three unique listing platforms including DAO Maker and Polkastarter – but Republic goes first.
A recent screen prompt on Republic indicates that over 44,000 individuals are in the queue with a wait time of over one hour. It was not immediately clear if the Republic team will be able to burst some access to its crowdfunding platform.
hey guys… can I get in plz? ;/ ty
— Republic 🌎 (@joinrepublic) April 13, 2021
Update
It appears that Republic CEO Kendrick Nguyen is in the same boat as everyone else when it comes to investing in the Cere token, according to a tweet. Nguyen had almost 38,000 people in the line in front of him earlier this morning:
37K! 🤯
And yes i’m getting in line just like everyone else. No special treatment. 😜 pic.twitter.com/zwwyKcmm9D
— Kendrick Nguyen (@KendrickEsq) April 13, 2021