Executive Summary
Project Description
Right now, the cryptocurrency market is populated by individuals and small companies. Despite the considerably small volume, many crypto platforms are groaning under the weight of users. This poses a problem because lots of crypto startups are looking to attract big organizations, and these organizations control sizable amounts of money, meaning bigger transactions. To solve this problem, Republic Protocol created a decentralized dark pool for cryptocurrency trading; a secure network where slippage is reduced considerably and higher volumes transactions can take place easily.
The first assets that will be tradable on Republic Protocol’s dark pool are BTC, ETH and ERC20 tokens. Users on the platform need to pay in Republic Protocol’s token, REN, for using the dark pool, and these fees will go towards matching nodes. Additionally, all users have to make a deposit, in REN, before they can access the platform. Different nodes cost different amounts, and the more your deposit, the more functionality you have on the platform. If a user goes against the network’s regulations, the user’s deposit is lost forever. Conversely, if a user decides to leave the network, his/her deposit will be refunded.
Hard Cap and Valuation
There will be a total of 1 billion REN tokens, and Republic Protocol aims to raise 35,000 ETH for 60.2% of the token total. Further details on how the remaining 39.8% is to be shared will be released later on.
Important Dates
At the moment, Republic Protocol is having a private pre-sale for strategic investors. The crowdsale is expected to happen in February, and exact dates will be shared later on.
Marketing Power
As at the time this post was published, Republic Protocol had over 4200 users on Telegram, along with 80+ Medium and 85 Twitter followers. They also have an announcement channel with over 850 members.
Prominent Advisors
Loi Luu
- CEO of Kyber Network.
Prabhakar Reddy
- Investor and Advisor to various projects including Accel Partners.
Howey’s Test
According to Howey’s Test conducted by our analysts, it is unlikely that REN will be considered a security.
Team Members’ Areas of Expertise
Business experts
Taiyang Zhang, CEO
- Founding Partner at Virgil Capital.
- Director at Neucode for over three years.
Jaz Gulati
- Co-Founder of Neucode.
Target market experts
Taiyang Zhang, CEO
- Virgil Capital, his firm, specialized in trading cryptocurrencies.
- Neucode specialized in, among others, high-performance systems.
Marketing experts
No team members with notable marketing experience.
Legal experts
Darren Toh, Legal, Admin & Comms
- Tax & Legal Affairs at KPMG for over 2 years.
- Investigator — Compliance Division at FPA for 8 months.
- Investigations at NSW-Ombudsman for over a year.
Software engineering experts
Loong Wang, CTO
- Lead Software Developer at Neucode for over a year.
- Academic Tutor at The Australian National University for over 3 years.
Noah Ingham, Contract Developer
Susruth Nadimpalli, Blockchain Developer
- Security Intern at Entersoft Security for 2 months.
- Software Engineer Intern at Pioneer Soft SPPS Systems for 2 months.
Jaz Gulati
- Front end developer at ED Digital for almost 2 years.
Blockchain development experts
No team member with notable blockchain development experience.
Token sale structure
Republic Protocol have no team member with significant token sale structure experience. However, their advisors, Loi Luu, CEO of Kyber Network and Prabhakar Reddy are well-experienced in the field, and they will surely be sharing their expertise with the team.
Token economics
Same as above.
Disclaimers:
- Nothing written in this article is a legal or an investment advice.
- Information is provided on a best-effort basis and is subject to change without prior notice. Be sure to verify everything you read with a project team.
The analysis was produced by Research Center team members: Robin Davids, Mark Jedd, Eugene Tartakovsky.
We are constantly working on improving our work and welcome all constructive feedback. Let us know what you think.
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