Republic Note, a digital asset that is still available for investment on the Republic platform, has published an update on the security stating there is currently a dividend pool of more than $900,000 to be distributed.
Republic Note is a security that aims to share a portion of the benefits generated from issuers which raise capital on the Republic platform. For investments that generate a return, Republic Note may capture a portion of those gains within certain parameters.
To quote the offering page:
The Republic Note was engineered to empower Republic community members to share in the financial upside of its portfolio of companies—and to be rewarded for their engagement within the Republic ecosystem.
Made possible by a combination of strategic, blockchain, and legal engineering, the Republic Note aims to serve as the connective tissue of the Republic ecosystem for many years to come.
The live offering has less than three days before it closes, having raised $1.765 million from 2151 investors. Republic Note has previously raised money online.
According to Republic, the following issuers have contributed money to the dividend pool:
- Dapper Labs: + $511,000 [Republic Capital]
- Robinhood: +$105k [Republic Capital]
- Shiprocket: +$94k [Republic Capital]
As one commenter noted, Dapper Labs generated an apparent return of over $43 million for investors on the Republic platform.
While past success is no guarantee of future outcomes, Republic Note should provide distributions over time as firms mature, go public, or experience another exit event. Any dividend pool will be divided up by the percentage of Republic Note held by the thousands of investors that hold the digital security.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
