Technology company Republic Avalanche uses a profit-sharing investment note

Neo investment and technology company Republic plans to offer a blockchain-based security token that will pay retail investors profits from profits on a wide range of investment holdings.

The Republic Note is a profit-sharing digital asset launched on the Avalanche blockchain that leverages profits from Republic's extensive investment portfolio and services. Republic has attracted more than three million investors and raised more than $2.6 billion in ventures from various Web3 firms such as Avalanche, Dapradar, and Dapper Labs.

Republic has already carried out a pre-sale round for the Republic note, more than 30 million dollars from individual and institutional investors. The note's dividend will be paid in USD Coin (USDC) to retail investors when the dividend pool reaches the $2 million mark.

Related: Over 6,000 Participants Help RepublicKnot Rocket Over $8 Million Goal

Republic has also developed a proprietary Web3 self-sustaining, cross-chain wallet that will be used to distribute dividends to Republic note holders. The notes will not be tradable digital assets like other crypto tokens and are set to be listed on select securities exchanges in the next two to three months.

Republic President Andrew Durge highlighted Avalanche as his blockchain choice, primarily due to the company's desire to reach out to more Web3 native investors and expand.

“Choosing Avalanche goes beyond the strength, scale and speed of the network – our long-term partnership with Ava Labs is built on our vision for a more inclusive financial markets.”

The Republic Note has been a work in progress since 2016, when the white paper was first published. Since then, Quantstamp has audited the offering of digital securities.

A website for the upcoming digital security lists the price of a single Republic Note at $0.36. 330 to 350 million Republic notes will be distributed at the beginning, the total supply of Republic notes is 800 million.

As Cointelegraph recently reported, other players in the cryptocurrency ecosystem have started offering token securities to prospective investors as well.

Blockchain technology firm Blockstream has announced the August 2023 launch of the Blockstream ASIC token, which will allow investors to gain exposure to digital securities paid for in Bitcoin (BTC), allowing them to purchase ASIC mining hardware at scale.

As demand for ASIC miners increases in 2024, Blockstream plans to stockpile and sell the hardware.

Magazine: Investing in Knowledge Pays the Best Interest: The Real State of Financial Education