On Friday, Republic announced it was launching compliant blockchain investments on its crowdfunding platform to the general public.
The funding portal explained that Republic Crypto‘s first product, Republic Genesis, is set to make it possible for credible teams to get the funds and guidance they need to successfully launch their blockchain project and eventual token sale. Republic revealed that on the tested platform, blockchain supporters from around the globe, both accredited and unaccredited, can legally finance promising projects in exchange for future tokens.
Republic also shared that through Republic Genesis, blockchain startups can fundraise that cost and, at the same time, provide their early supporters with discounted early token access, while enabling them to invest with their credit or debit card, Bitcoin, self-directed IRA, or bank account. Beyond their Republic Genesis campaigns, blockchain startups can also look to the Republic team for advice on the entire ICO process, from SAFT structuring to vendor selection.
Republic launched its Reg CF crowdfunding platform in Summer 2016 and is an offshoot of AngelList. At its launch, the funding portal stated it would leverage its Silicon Valley heritage by establishing partnerships with industry influencers such as AngelList co-founder Naval Ravikant and prominent investor Jason Calacanis. The portal described itself as “democratizing” access to investment and opportunity.
“We’re here to encourage the public to participate in entrepreneurship as investors. That in turn gives startups a powerful, distributed tool to finance their operations and engage their supporters.”
Republic also reported it would work with social advocates who are diversifying tech like Shiza Shahid of the Malala Fund, Shaherose Charania of Women 2.0 and Ramona Ortega of the Latin Startup Alliance. The crowdfunding platform has also partnered with several crowdfunding experts including iDisclose and Katherine Krug.