As a next step toward responsible decentralization of the Algorand network, Silvio Micali and Jing Chen share a proposal for further decentralizing Algorand Governance
Securities, Defi, Digital Assets
Republic is a private investing platform and technology services provider made up of numerous operating entities, that lets anyone invest in early stage companies. Spun out of AngelList, Republic's private investing platform features more than 500,000 users investing as little as $10 in over 170 vetted companies. Republic defies industry trends by elevating the underrepresented entrepreneurs who traditionally go without access to private capital, while allowing for anyone — regardless of income or net worth — to invest in their vision of the future. Republic's platform has over $100,000,000 to date invested by users and a 90% funding success rate.
How Republic is using Algorand
Republic is leveraging the Algorand platform to enable its low-cost structure and high throughput volumes to power its profit-sharing token, the Republic Note. Additionally, with Algorand’s simplified asset creation, instant financial exchange, and immediate transaction finality, Republic is leveraging technology at the forefront of open financial innovation. Algorand enables the Republic system to satisfy the requests of a regulated security token that trades freely among a great number of investments. Republic is issuing the Note as an Algorand Standard Asset (ASA), giving the Republic Note unique speed, scalability, and interoperablity capabilities it's holders will demand.
Republic Cuts Through SEC Red Tape to Raise $16M via Security Token Sale
March 17, 2020
Investment Platform Republic Aims for Asset Creation on Algorand Chain
June 24, 2020
Crypto Push by Republic Investment Platform Sparked by New Token
Republic Note Sells Out. Receives $16 Million in Commitments for Unique Income Sharing Digital Security - August 7, 2020
Republic to Build First-in-Class Digital Asset on Algorand - March 17, 2020
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