The web page about it is pretty vague. This doesn't appear to be an Algorand app at all but a stable coin used to distribute profits within the Republic app. That said, even STBL appears to be a larger stablecoin on Algorand with $2.4M in circulation less than one month after release. Source: over 2 years ago
You may want to check out how https://republic.com/note is doing it. But I believe they took out the DAO aspect. The team makes all the decisions centrally. So essentially people only own a token that represents a stake in multiple companies. Source: over 2 years ago
Do you know an article comparing Republic Note to other products?
Suggest a link to a post with product alternatives.
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