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About Republia(RPB)

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What problem does Republia solve? (or: what human need does it satisfy?) and how exactly does it do so?

1) Republia solve the problem of hard forks

Republia Ecosystem introduces improved voting system, with the help of which all changes are implemented through consensus, which entails an automated update of the protocol among users. Thus, Republia Blockchain avoids hard forks.

Moreover, Republia Blockchain protocol is divided into three layers (network layer, consensus layer, transaction layer) and layer separation allows to change protocol without hard forks.

2) Republia solve the problem of smart contract vulnerabilities

Republia Virtual Machine is implemented using functional programming language Michelson, which supports formal code verification that allows to verify smart contract before it is launched on the network.

Thus, due to formal code verification Republia VM will not execute smart contract in case an error occurs. Moreover, smart contracts created on Republia Smart Contract Platform are Turing complete, which ensures their correctness, because Turing completeness avoids fraud and delays in smart contracts.

Smart contract, created on Republia platform, will never get caught in an endless loop, because it operates under the principle of a timestamp, which ensures execution of digital contract.

3) Republia solve the problem of stealing user data

Republia team gives high priority to security, therefore three layer security system is embedded in the ecosystem - Veracity System, all user data is stored in CloudX - decentralized data storage, which operates using Republia Blockchain. In addition, Republia provides users with opportunity to get a unique RepubliaID, main characteristic of which is an advanced security that minimizes the risk of loss of funds or hacking user accounts. If your personal user account or personal data are being hacked Veracity System will freeze them immediately and third parties will not be able to access them. All possible measures will be taken by security system in order to provide user with access to his personal data and funds within a shortest time period.

4) Republia solve the problem of High volatility

However, Republia introduces RPB coin, which is not exposed to strong volatility due to unique mechanisms of Republia Bank. RPB stability is achieved by introducing “Parking” system (voluntary holding of personal funds for profit), currency interventions and additional USDR token, whose goal is to save user funds through in-chain conversion of RPB coin to this token.

5) Republia solve the problem of SCAM projects

Taking this into consideration, Republia ecosystem is being extended by interconnected projects, which pass multi-step verification before they are launched on the network. Moreover, users independently decide whether they need such a project within the ecosystem through voting.

6) Republia solve the problem of Centralization

Republia operates using “We-ecosystem” model, which provides all users with equal rights and opportunities on the network, Delegated Proof-of-Authority (RdPoA) + BFT (Byzantine Fault Tolerance) consensus algorithm is used by Republia. As a direct result of this, all users can equally influence development of the network due to a unique Republia ID, which, in turn, is implemented in the voting system. Thus, it ensures that one user will be able to vote only once in each voting.

7) Globalization

Republia offers a global approach to this issue using an integrated ecosystem, each product of which is in demand in the market.

In addition, all structural components of Republia Ecosystem are interconnected, new projects, created on Republia ICO Platform, will extend the ecosystem, instead of competing.

How is the idea monetized? How do the token holders profit?

Here is a special public document in which investors could descry in more detail about how the project will be monetized and with which tools the coin holders will be able to reach a profit: https://docs.google.com/spreadsheets/d/1YlLFv1d7gMt8kAVJ_pwshy_5vrwLhajWIvtrRmPtD14/edit#gid=716283805

Also, you can look at the calculations, which shows what Republia spend the collected funds for, taking into account the different thresholds: https://media.republia.io/what-we-spend-money-on-en.pdf

Other Important Info

Republica provides a coin, not a token.

Republica provides it's own blockchain.

Team

Republia's team members.

Roadmap


 

Quick notes

Tokenomics

Token Info

Available tokens: 60% Price: N/A Soft Cap: 500,000$ Hard Cap: 50,000,000$ Buy with: BTC, ETH, USDT, LTC, MNX, BCH Platform: Own Blockchain Location: British Virgin Islands

Other Info

MVP/Prototype: Yes Escrow: Yes Category: Blockchain Infrastructure

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What problem does Republia solve? (or: what human need does it satisfy?) and how exactly does it do so?

1) Republia solve the problem of hard forks

Republia Ecosystem introduces improved voting system, with the help of which all changes are implemented through consensus, which entails an automated update of the protocol among users. Thus, Republia Blockchain avoids hard forks.

Moreover, Republia Blockchain protocol is divided into three layers (network layer, consensus layer, transaction layer) and layer separation allows to change protocol without hard forks.

2) Republia solve the problem of smart contract vulnerabilities

Republia Virtual Machine is implemented using functional programming language Michelson, which supports formal code verification that allows to verify smart contract before it is launched on the network.

Thus, due to formal code verification Republia VM will not execute smart contract in case an error occurs. Moreover, smart contracts created on Republia Smart Contract Platform are Turing complete, which ensures their correctness, because Turing completeness avoids fraud and delays in smart contracts.

Smart contract, created on Republia platform, will never get caught in an endless loop, because it operates under the principle of a timestamp, which ensures execution of digital contract.

3) Republia solve the problem of stealing user data

Republia team gives high priority to security, therefore three layer security system is embedded in the ecosystem - Veracity System, all user data is stored in CloudX - decentralized data storage, which operates using Republia Blockchain. In addition, Republia provides users with opportunity to get a unique RepubliaID, main characteristic of which is an advanced security that minimizes the risk of loss of funds or hacking user accounts. If your personal user account or personal data are being hacked Veracity System will freeze them immediately and third parties will not be able to access them. All possible measures will be taken by security system in order to provide user with access to his personal data and funds within a shortest time period.

4) Republia solve the problem of High volatility

However, Republia introduces RPB coin, which is not exposed to strong volatility due to unique mechanisms of Republia Bank. RPB stability is achieved by introducing “Parking” system (voluntary holding of personal funds for profit), currency interventions and additional USDR token, whose goal is to save user funds through in-chain conversion of RPB coin to this token.

5) Republia solve the problem of SCAM projects

Taking this into consideration, Republia ecosystem is being extended by interconnected projects, which pass multi-step verification before they are launched on the network. Moreover, users independently decide whether they need such a project within the ecosystem through voting.

6) Republia solve the problem of Centralization

Republia operates using “We-ecosystem” model, which provides all users with equal rights and opportunities on the network, Delegated Proof-of-Authority (RdPoA) + BFT (Byzantine Fault Tolerance) consensus algorithm is used by Republia. As a direct result of this, all users can equally influence development of the network due to a unique Republia ID, which, in turn, is implemented in the voting system. Thus, it ensures that one user will be able to vote only once in each voting.

7) Globalization

Republia offers a global approach to this issue using an integrated ecosystem, each product of which is in demand in the market.

In addition, all structural components of Republia Ecosystem are interconnected, new projects, created on Republia ICO Platform, will extend the ecosystem, instead of competing.

How is the idea monetized? How do the token holders profit?

Here is a special public document in which investors could descry in more detail about how the project will be monetized and with which tools the coin holders will be able to reach a profit: https://docs.google.com/spreadsheets/d/1YlLFv1d7gMt8kAVJ_pwshy_5vrwLhajWIvtrRmPtD14/edit#gid=716283805

Also, you can look at the calculations, which shows what Republia spend the collected funds for, taking into account the different thresholds: https://media.republia.io/what-we-spend-money-on-en.pdf

Other Important Info

Republica provides a coin, not a token.

Republica provides it's own blockchain.

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ICO Champs investors rating

Overall Rating

 
3.7

Hype

Medium+

Profit Potential

High

Risk

Lowered