What is the Republic Note and when did it launch?

The Republic Note is Republic's tokenized revenue-sharing instrument — Nguyen tokenized his own platform's revenue stream [existence-graph theme: The Note and Tokenization]. It was supported by a $12M token round in July 2018 in which AngelList participated as a seed investor [TechStartups — 2018-07-02].

Republic ran a heavy communication push around the Note in mid-2020: a Telegram AMA with the CEO [2020-07-02], a Zoom Q&A with co-founder Nguyen [2020-07-14], and an Early Investing webinar on 'crowdfunding's future and the Republic Note' [2020-07-30].

Per the dispatches, the Note's dividend mechanics involve commission flows, carry splits, and a $2 million payout trigger [dispatches]. The corpus does not publish a figure for total payouts to holders to date.