Avalanche

Note

<div class="coinjournal">
 <ul>
  <li>Republic aims to leverage Avalanche’s features for global scalability.</li>
  <li>Republic Note has already attracted over $30 million in pre-sale participation.</li>
  <li>The move could potentially help stop the current AVAX price drop.</li>
 </ul>
 <p>Investment platform Republic has selected Avalanche as the <a rel="noopener noreferrer nofollow" title="blockchain" href="https://thebittimes.com/tag/blockchain.html">blockchain</a> for its Republic Note <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>.</p>
 <p>The move is part of Republic’s strategic vision to leverage Avalanche’s strengths for global scalability.</p>
 <h2 id="what-is-republic-note">What is Republic Note?</h2>
 <p>Republic Note allows investors to earn returns from a diverse portfolio of over 750 private assets. The digital asset, not yet deployed to the mainnet, has already garnered significant interest, with over $30 million in pre-sale participation from individual and institutional investors.</p>
 <p>Republic President Andrew Durgee highlighted Avalanche’s role in providing the foundation needed for Republic Note to reach a global audience of investors. The choice of Avalanche is strategic, considering its innate <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a>, including the ability to set up controllable subnets. These subnets, highly customizable side chains, play a crucial role in optimizing for regulatory compliance associated with being a digital security.</p>
 <h2 id="republic-s-profit-sharing-approach">Republic’s profit-sharing approach</h2>
 <p>Republic Note is designed to share profits generated from Republic’s extensive venture portfolio with investors. It plans to distribute up to 25% of the dividend pool to <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> holders, emphasizing a profit-sharing model.</p>
 <p>The <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>’s price during the pre-sale round was $0.36, with a total supply capped at 800 million.</p>
 <h2 id="a-potential-boost-for-avax-price">A potential boost for AVAX price</h2>
 <p>Republic’s move to launch Republic Note on Avalanche could have implications for AVAX price. The strategic partnership between Republic and Ava Labs and Republic Note’s unique profit-sharing model might instil confidence in AVAX investors, potentially mitigating further price declines.</p>
 <p>AVAX price today plummeted to a low of $20.18 losing more than 10% in value before the Republic Note announcement was made. After the announcement, the price recovered about 3% with the price rising to $20.52 at press time.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/republic-chooses-avalanche-blockchain-for-its-republic-note-token-tbt70757.html">https://thebittimes.com/republic-chooses-avalanche-blockchain-for-its-republic-note-token-tbt70757.html</a></p>

Republic chooses Avalanche blockchain for its Republic Note token

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TheBitTimes

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