Republic Plans to Pay Users’ Dividends on Avalanche Blockchain Next-generation investment and technology firm
Republic has announced plans to issue its upcoming digital asset on the Avalanche blockchain network. Called Republic Note, the digital asset will serve as a form of dividend payout for investors
who tap into the extensive portfolio of the Republic investment infrastructure.
Providing more context on a tweet on X (formerly Twitter),
the firm stated that Republic Note is its flagship investment product. With this dividend-paying digital token,
users will be able to access its 750+ private equity portfolio. Currently on offer for $0.36,
the Republic Note boasts over $900,000 in its dividend pool size. Dividends are expected to be shared using
Circle’s USDC stablecoin once it hits the $2 million threshold. Furthermore, the digital token secured over $30 million from both private and institutional investors in the early days of its launch.
290,000 plus community members are currently signed up for the crypto-based program when it fully enters the market. Once the digital token begins trading,
users will have access to a maximum token supply of 800 million of the blockchain-based security tokens. For now, about 372 million of these digital tokens are currently in circulation.
