Place/Date: Kiev, Ukraine - August 21st, 2018 at 11:02 pm UTC · 3 min read
Contact: Konstantyn Denysenko, Source: Republia
Unlike most other blockchain platforms that offer their chain as the mainnet for others to piggyback and create their own projects, Republia is an ecosystem that aims at creating a whole ecosystem, where each project does not run independently off its mainchain, but becomes a part of the larger Republia.io environment.
Other launchpad systems like Ethereum, Waves, and NEM allow for any group of people to create a project independently, with their own set of rules and tokenomics. This has resulted in multiple issues within the industry, including:
Republia enables an equitable and democratic environment for all projects by allowing all projects in the ecosystem community votes. Every new project can appear in Republia Ecosystem only if more than a half of the community vote for it. Additionally:
A notable cause of concern for investors and users is the degree of control Republia has over projects that will run on its mainnet. This centralization of power is not possible thanks to the ability of each Republia ID holder to vote on any task in the ecosystem. This includes forks, approval of projects or any other changes, creating a true democracy and a republic.
The Pre-Sale of RPB coin distribution starts on 23rd August and carries a 25% bonus with a soft cap of USD 500,000 and a hardcap of USD 5,000,000. Minimum of USD 100 investment is a prerequisite to participate. Funds from the private round funding will be used for release of the testnet.
Disclaimer Republia is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.