The introduction of the blockchain technology into the reins of society has been nothing short of revolutionary. Almost every facet of life leverages this immutable piece of tech to reform its services, increase productivity and improve experiences on the various platforms.
This new development has facilitated the utilisation of cryptocurrency as a payment medium. Cryptocurrency is a digital asset specifically developed to function as an exchange medium wherein individual token ownership records are secured in a ledger which is in the form of a computerised database that utilises solid cryptography to secure system transactions.
Meanwhile, the republic note is one of the latest breakout tools of the digital age that is made possible with the blockchain, specifically, the algorand blockchain infrastructure.
What Is The Republic Note?
Descriptively, the Republic Note is a creative profit sharing digital token that will be distributed among various approved investors. It is the unique currency and product of REPUBLIC, a platform with more than 700 thousand members , famous for its unrivalled efforts towards funding promising start up projects. The likes of Teooh and Delee which went on to develop brands like Robinhood and Carta are a few of their numerous beneficiaries around the globe.
This platform with its team of experts is known for its thoroughness and diligence in examining projects, this is done in order to ascertain the project’s sustainability in the face of competition before extending their hands to invest in the said projects.
Republic note is the first profit sharing innovation which pays its holders immediately the projects they had funded or their benefactors becomes a public company. The proportionality of this payment is dependent on the amount of token held by each investor, and it dispensed in the form of stablecoin(a token whose value is firmly fixed and is not influenced by price fluctuations in the market).
More so, there are other bonuses and opportunities provided by the republic note which investors and stakeholders stand to enjoy, perks like the waiting list, investment vouchers and other amazing opportunities are up for grabs within the ecosystem.
Meanwhile, in a bid to solidify the usefulness of the republic note, the platform has opted for the Algorand blockchain infrastructure as the most eligible technology which possesses the characteristics required to validate the functionality of republic note and drive decentralized finance movement further.
Describing Algorand Blockchain
Algorand Blockchain is a cutting-edge technology in the Blockchain industry that is fully equipped to facilitate the development of different decentralized applications(dapps) and also create convenient payment methods across diverse systems.
It is a decentralized, open-source, Note Permissionless Blockchain, that creates a limitless economy and facilitates expansion, transactions finality as well as security, through the use of its unique Pure Proof-of-Stake (PPOS) consensus mechanism.
Obviously the purpose of republic note is to provide every category of people with investment opportunity using the existing technological tools, not considering how much access and of wealth they possess. This idea is obviously consistent with algorands vision of giving everyone a fair chance to partake even in the new economy without restrictions.
With republic having the support of some of the big dogs in investments like passport capital, blockchain ventures,binance,ALGORAND foundations, zhen fund and FBG capital, it has acquired over $12million from the pre-sale of its tokens to corporate and legal establishments all over the world.
Algorand Influences The Future Of Republic Note – A Next Generation Profit Sharing Token
The Algorand blockchain possesses a layer that would facilitate the distribution of large volumes of small distributions to numerous individuals evenly, this is one of its essential features that necessitated its preference as the one infrastructure that could drive the visions and pursuit of decentralized finance without complications for republic note.
Furthermore, this technology gives room for permissions as well as ownership tracking, which are considered necessary for issuing and management of digital securities are attainable on the algorand infrastructure. Isn’t this amazing?
In fact, there are more reasons why algorand is regarded as the best fit for actualizing the aims of republic note and ascertaining its future in this fast changing society.
Algorand was picked especially for its flawless proof of stake consensus mechanism, an algorithm that allows republic to complete the demands of a regulated digital security token just like other cryptocurrencies, tradable among prospective investors and other stakeholders alike.
Do you have any clue how many transactions that’s possible on the algorand blockchain infrastructure in a single second?
Well,there are more than one thousand transactions that can be executed in a second, at an unbelievably fast pace, low transaction fees and a flawless technical structure available to execute and validate transactions for users.
For algorand, it is quite an honour to partner with and be instrumental in pushing this new frontier in investing, republic note.
The future of republic note looks quite promising with the algorand blockchain infrastructure onboard, it is a dawn for better investments options and a frontier in the pursuit of decentralized finance.
With republic note, everyone is proffered an opportunity to invest,regardless of their affluence, status and connection, by partnering with algorand,it makes this movement more realistic than ever imagined.
Read more information about The Republic Note and how Algorand blockchain influences Republic Note ecosystem here: https://www.algorand.com/resources/blog/republic-note-to-launch-on-algorand
Author: Gifton Nwokoro