The Note - a digital token by Republic, a US company backed by Binance & Neo

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Background
The Token DPA (Debt Payable by Assets) (“DPA”) is a debt security created by the Republic Crypto team specifically for token pre-sales. We've designed the Token DPA with unaccredited and international investors in mind, but we believe it's the best way to pre-sell tokens for any project and for accredited and unaccredited investors alike. Just as we created and open sourced the Crowd SAFE, we’re open sourcing the Token DPA with hopes that it becomes an industry standard to make investing easier and to help support the blockchain ecosystem more broadly. Feel free to send us an e-mail if you’re planning a token pre-sale or have already held one and want to build a larger, more inclusive network of non-accredited investors.

Yes, right

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Can I sell tokens I receive through the Token DPA?

More details https://republic.co/token-dpa

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Token DPA vs. SAFT and SAFTE
Currently, the SAFT (Simple Agreement for Future Tokens) is the instrument widely used by blockchain companies to pre-sell tokens. Republic Crypto aims to change that with the Token DPA. Although the SAFT dominates as a token presale agreement with accredited investors, Republic believes that this instrument is not optimal for less sophisticated retail investors––specifically when the SAFT includes no maturity date or a provision to claim company assets if a project fails. The use of the derivative SAFTE (Simple Agreement for Future Tokens & Equity) which provides the prospect of future equity may not provide adequate protection if the project fails as equity holders are generally below debt holders in the event of a liquidation.

Our team realized: Who wants an IOU when we have existing established regimes for lending money to projects and leaving deposits on future purchases?

We're primarily concerned with how many SAFT instruments allows investors' token distribution rights to expire without the recourse of being a debtor as well as the inability of investors' to request money back if goals or projects never materialize on the promised schedule. Our team can reduce these concerns with the Token DPA, providing flexible terms favorable to investors’ interests. Despite using a framework for every agreement, each Token DPA is different and investors should read and understand each investment contract before making an investment.

With a standard SAFT, investors must wait for a public token sale or distribution by an issuing company to receive tokens, otherwise their right to a return on their investment can be left unfulfilled, possibly forever. In contrast, the Token DPA provides a method for investors to either receive part or all of their principal back, earn a cash return or receive the desired tokens when certain events occur. It should be noted, these protections rely on the company issuing the Token DPA abiding by its terms, there can be no guarantee of this. For example, if a company issuing a Token DPA spends all of their capital before investors’ right to request a return of capital occurs, investors’ could force the company into insolvency when they make the request.

Yes, you understood correctly

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Join thousands of investors
Timothy Draper, Chris Messina, Niv Dror and thousands others invest $10–$100,000 per startup on Republic.

[Capipastra]

Funded companies
95% of Republic campaigns have been successfully funded.

[CryptoAliance]

Raise funds
Republic gives you access to a new and vast pool of capital. Raise funds from anyone: your community, customers, partners and millions of retail investors around the world.

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More than cash
Equity crowdfunding allows you to market and grow your business and get paid to do it.

 

1
Align your financial interests with your customers'

2
Demonstrate that people believe in your mission

3
Create a large group of loyal brand ambassadors

[DonyTramp]

More than cash
Equity crowdfunding allows you to market and grow your business and get paid to do it.

 

1
Align your financial interests with your customers'

2
Demonstrate that people believe in your mission

3
Create a large group of loyal brand ambassadors

4
Get exposure. Our startups have been seen by millions

[Ananksunamun]

We have created a startup-friendly process that makes crowdfunding as easy as possible.
Our streamlined process and partnerships drive the cost of fundraising down to a minimum.
You don’t need to have a lawyer or a CPA.

Expertise
We have created and open-sourced the Crowd SAFE™ as the fundraising instrument specifically optimized for equity crowdfunding. It has since been successfully adopted by the industry.

Republic's Crowd SAFE ensures that:

All your crowd investors represent a single line on the cap table.
There are no additional operational or tax reporting burdens.
Your future rounds (including those from VC) will not be impacted.

[Capipastra]

Republic gives you an advanced platform for crowdfunding your startup. It allows you to:

Create a branded campaign page using the page editor.
Accept investments via credit cards, ACH and wires (Bitcoin coming soon).
Engage investors using messaging, notification and update tools.
Maximize your raise using campaign management and analytics tools.

[CryptoAliance]

By accepting a small number of select startups onto the platform, we've built a loyal community of investors who want to see your company.

We see your campaign as the beginning of a long-term partnership and we want you to succeed.

Every startup launching on Republic gets:

Exposure to Republic investors via multiple channels.
Introductions to investor groups.
Access to our exclusive partner networks
(WGN radio, Product Hunt).
Ongoing support from our whole team.

[DivinityEgo]

While raising millions of dollars in funding, our startups:
 

Have doubled their userbases
Pre-sold tens of millions worth of products
Got millions of views
Connected with large investors

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Light
After raising over $400K on Kickstarter and $3.2M in venture capital, Light ran a Republic campaign to let their original backers be part of their success.

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How much can I raise?
You can raise up to $1.07M per 12 months, according to the law. The disclosure requirements differ depending on how much you are willing to raise.

[Capipastra]

Let me ask my lawyer...
Please do, but also make sure they read our Attorney FAQ. Equity crowdfunding is still new to many, so we answered the most common legal questions there. https://drive.google.com/file/d/0B-bzyUBqnr2tM2puam1pOWV4WVU/view

[CryptoAliance]

Issuers & Companies
If you have questions regarding your company eligibility, the process of creating and publishing your offering on Republic, preparing or filing Form C: issuers@republic.co

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Darek Waleko, founder of Up Sonder, turned his passion of flying drones into a career. He explains how his relentlessness and discipline played a key part in this transition. Read more about Derek, one of this week's https://republic.co/blog/derek-waleko-up-sonder?utm_content=buffer6fd34&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer&fbclid=IwAR3Awh-H-aC9P-PZhtHWxtJk1NLsuEJT_EcVX-ZEhu4wH5d_1TiuIkWbo0A

[republic.sup]

Naresh Mulchandi started Fretch as a one-man team.

He did all of the IT, the marketing -- even the grocery deliveries. In today's #Superheroes post, Naresh talks about the highs and lows of leaving his corporate life behind to jump start his own venture.

Read more: https://republic.co/blog/naresh-mulchandi-fretch?utm_content=buffer0bd98&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer&fbclid=IwAR1fEQbooQc5qqqYO76mMrprOL6fKnXgGhFODr3i4gv7ESZIKIpDZjOWAZk

[Fumzy]

Of I'm not mistaken, there was an airdrop on this project of which I participated in but never got the token. Oh well, is there any other way to get some free tokens

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Did you know there are over 30M small businesses in the US?

We know that starting a small business is not a small task.

Read our Startup Superheroes stories to learn about what it takes to be a founder, and celebrate Small Business Week by investing in the many startups with campaigns on Republic: http://[Suspicious link removed]/2H5Fnz3