Republic Protocol - Due diligence #34
Republic Protocol (REN)
DAPPBASE PTE. LTD. (Development company)
Company Type Description: EXEMPT PRIVATE COMPANY LIMITED BY SHARES
Dappbase Ventures Limited (ICO Company)
Registered on: 31 October 2017
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I'm not 100% sure about the details but it looks like RP did part ways with some early investors (I would really like to know why). This does not necessarily have to be a bad thing but the investors transfered ETH to RP when ETH was ~1300$ and should have gotten a certain amount of RP's tokens for it. Now they just got ETH back @ 1000$. It does not seem like RP is really the guilty party here but I did not like how they handled the situation in their telegram channel. I saw a lot of deleted messages and some people where talking about blocked users. This needs further investigation...