What Is Republia?
Republia is a decentralized ecosystem that includes elements of the countries that are familiar to us in the digital space and operates mechanisms based on distributed ledger technology. The main objective of this platform is creating trustworthy and transparent relationship among its users by deploying smart contracts to validate transactions.
The Problem Republia Seeks To Solve
Oversaturation Of ICOs
Every day, several ICO projects are launched into the crypto space. Most of these projects do not have applicable use cases, thus creating a glut in the sector. As a result, blockchain networks are being overwhelmed by the intensity of such applications on their computing power. Furthermore, market statistics show that only 54% of blockchain startups survive after the completion of the crowdsale.
Usually, blockchain networks resort to conducting hard forks to solve issues concerning the ledgers. A hard fork involves the creation of a new chain that runs on an entirely different protocol to the one in the previous versions. Instead of solving problems, hard forks create additional issues by oversaturating the blockchain. For this reason, many crypto hobbyists propose the implementation of alternative methods.
Volatility Of The Digital Assets
Due to numerous external factors, including politics and economic developments, the value of cryptocurrencies fluctuate on a regular basis. The volatility of digital assets is one of the factors that inhibit their mass adoption.
Hacking And Cryptocurrency Theft
In recent times, the prevalence of network breaches and subsequent theft of digital assets has increased significantly.
The Republia Decentralized Blockchain User Ecosystem Solution
Solution To Hard Forks
In place of hard forks, Republia proposes the deployment of an advanced voting-based consensus mechanism. If a protocol needs updating, users have to vote for it instead of forking the blockchain network. This avoids the creation of several purposeless cryptocurrencies.
Protection Against Fraud
Before an ICO is admitted to the Republia ecosystem, it is subjected to a stringent vetting process. It entails going through a voting phase based on the Republia consensus protocol.
Republia emphasizes on security of data, storing all crucial information on Cloud X. Besides, the platform offers a unique digital identity known as RepubliaID. RepubliaID offers a three-tiered security called Veracity. Veracity requires users to provide a password, biometric identification, email verification, and two-factor authentication, among other features.
In addition to providing top-notch security for stored digital assets, the Republia wallet has an integrated instant messenger that is compatible with RepubliaID. Owners of this wallet also have voting rights, and can therefore influence policies on the Republia ecosystem. There are two iterations of the wallet, a heavy wallet and a light wallet.
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.
Republia RPB Token ICO Details
Republia will conduct a token sale to raise the funds required to realize their goals.
Parameters Of The ICO
- ICO Date: 23rd August, 2018 to 23rd September 2018
- Total supply: 400,000,000 RPB
- Token Symbol: RPB
- Accepted Payment Method: BTC, ETH, LTC, BCH
- Soft Cap: $5,000,000
- Hard Cap: $50,000,000
Distribution Of Funds
- 50% – research and development
- 18% – marketing
- 15% – operations
- 6% – exchange listing
- 6% – legal
- 5% – miscellaneous
To learn more about the Republia blockchain, visit their website: https://republia.io/
Chat on Telegram: https://t.me/joinchat/GYZTvxF7hZ8BfRhyVSHY-A
Check out the WhitePaper: https://media.republia.io/republia-whitepaper-en.pdf
Follow Republia on Youtube – https://www.youtube.com/channel/UCG3GhBOmWfbfhlgjRcPAIqg
Chat on on Twitter: https://twitter.com/Republia_Group
Catch up on Facebook: https://www.facebook.com/republia.group/
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=874789