Republic Note will be available to the broader investing public beginning next Monday, according to the company. No longer described as a token, Republic Note has now been labeled a digital security.
“R/Note” aims to provide investors with exposure to the economic upside of some of Republic’s most-funded companies.
The offering will be priced at $0.36 with an initial circulation of 330 to 350 million digital assets. The total supply has been set at 800 million. The security will be held in Republic’s cross-chain, non-custodial digital wallet. A white paper on the digital security is expected to be posted soon.
Republic Note is a revenue share asset that will reflect gains generated from issuers. If a company generates a gain of $2 million or more, a pro-rata portion of the money will be distributed to Republic Note holders. Republic emphasizes the intrinsic diversification of the digital asset as it is typical for few early-stage firms ever to become a success, and thus holding many different private investments can mitigate risk.
Republic also says that Note holders can influence the decisions made for the asset, in proportion to the number of Notes held.
Republic Note has endured a bit of an odyssey in making it into retail hands. A Reg A+ offering was planned but was kiboshed by the regulators, who are leery about anything that mentions blockchain or crypto. Each Republic Note is a unit of Class B LLC membership interests issued by Republic Core, LLC. Republic Core is “testing the waters” under both Reg A+ and Reg CF. While this may be more about semantics and branding, at least Republic is trying to push things in the direction of the inevitable digital security future.
If you are curious, you can read more here.
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