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Republic Protocol - Due diligence #34

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icochecker opened this Issue Jan 11, 2018 · 3 comments

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@icochecker
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icochecker commented Jan 11, 2018

Republic Protocol (REN)

Team

  • Taiyang Zhang (CEO) - Jul 2017 - Present | Linkedin profile
  • Loong Wang (CTO) - Aug 2017 - Present | Linkedin profile
  • Noah Ingham (Blockchain Dev) - Aug 2017 - Present | Linkedin profile
  • Susruth Nadimpalli (Blockchain Dev) - Aug 2017 - Present | Linkedin profile
  • Yunshi Sun (software engineer) - Aug 2017 - Present | Linkedin profile
  • Jaz Gulati (Software Developer) - Nov 2017 - Present | Linkedin profile
  • Hugh Greethead (Community Manager) - Sep 2017 - Present | Linkedin profile
  • Darren Toh (Legal, Communications & Admin Manager) - Aug 2017 - Present | Linkedin profile
  • Ross Pure (Mathematics)
  • Achinta Varna (Data Scientist) - Dappbase (PHD Student) - Sep 2017 - Present | Linkedin profile
  • Ajay Prakash (Community)
  • Alexandra Pukhova (Community)

Advisors

Company

DAPPBASE PTE. LTD. (Development company)

Registered Address:
10 ANSON ROAD
26-04
INTERNATIONAL PLAZA
SINGAPORE 079903

Company Type Description: EXEMPT PRIVATE COMPANY LIMITED BY SHARES
Incorporation Date: 11 September 2017
Primary SSIC Code: 62019
UEN : 201725823C
Status: LIVE COMPANY
Industry: COMPUTER PROGRAMMING, CONSULTANCY AND RELATED ACTIVITIES

dappbase-pte

Dappbase Ventures Limited (ICO Company)

Registered Address::
Wickhams Cay II
Road Town, Tortola,
VG1110 British Virgin Islands

Registered on: 31 October 2017
Registration No: 1959524

Smart contract

Github

Commits

Product

  • No working product available to test

republic-product

Vesting

republic-vesting

Additional info

  • Citizens of U.S, China, Korea & Canada will not be able to participate
  • Private pre-sale participants received between 0–15% bonus. This bonus is not locked.

Token distribution

republic-distribution

Token allocation

  • 50% Development
  • 20% Reserve
  • 10% Operational Expenses
  • 10% Legal Expenses
  • 10% Reserve Funds

White paper

@yboz

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yboz commented Jan 19, 2018

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...

@yboz

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yboz commented Jan 23, 2018

above answer sounds legit.... any one is thinking different about them?

I think so too. It is quite normal to pivot in the startup/kickstart scene.

@yboz

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yboz commented Jan 27, 2018

They have a vesting schedule (specified in the ICO FAQ is 6 months for advisors and 2 years for the team. When I asked about vesting being coded into the smart contract:

no

So there is no smart contract yet and this question needs a follow up.

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