Republic Protocol - Due diligence

[icochecker]

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

• Dorjee Sun (COO, Santiment) | Linkedin profile
• Loi Luu (CEO, KyberNetwork) | Linkedin profile
• John Ng Pangilinan (Partner, Signum Capital) | Linkedin profile
• Anup Malani (Economics, University Chicago) | Linkedin profile
• Prabhakar Reddy (Investor, Accel Partners - Bangalore) | Linkedin profile | Twitter @prabhakar2reddy | Accel - Bangalore office | deleted legitimate questions and banned users that asked them on the Nucleus Vision telegram chat.

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

• Directory of Registered Entities

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

• BVI Registry

Smart contract

• View on etherscan

Github

• Republic Protocol

Commits

Product

• No working product available to test

Vesting

• Source

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

Token allocation

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

White paper

[yboz]

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]

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]

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:

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