Republic Partners with Althea to Launch First-Ever Compliant Security Airdrop for Retail Investors in the U.S. and Abroad

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Investment platform and AngelList spinoff Republic has launched a compliant security airdrop to retail investors in the United States and abroad. For its first airdrop campaign, Republic has partnered with Althea, a system that enables communities to build and maintain their own decentralized internet infrastructure.

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“Building a tool that allows companies to share their equity or tokens with users and engaged customers stems from our strong belief that early users are often the most passionate and vocal champions of a company, yet yield nothing from said company’s financial success,” said Jed Halfon, Partner at Republic Crypto. “Republic’s mission is to equalize opportunities for everyone involved, giving people their fair share of the value they created for a startup.”

Companies have long searched for a meaningful way to reward their most loyal users but have struggled to find a legally compliant and viable option. Republic developed a tool for companies to give away private securities to customers and fans for free or in exchange for their contribution to a project, all while strictly complying with securities regulations. 

“It’s important that those who are starting and operating on-ground networks will have a stake in the Althea governance token,” said Deborah Simpier, Co-Founder of Althea. “This partnership with Republic also enables us to distribute tokens to a broad audience of U.S. and foreign citizens, accredited and unaccredited investors alike, while maintaining compliance with the law.”

The campaign allows anyone to receive tokens for taking steps to help Althea build a decentralized internet. Althea is a system that lets routers pay each other for bandwidth, allowing anyone to set up decentralized Internet Service Providers (ISPs) in their communities. In an Althea network, instead of one ISP monopolizing the market, many different people can earn money by expanding and strengthening the network. Communities then get faster, cheaper internet by cutting out the middleman.

Althea will give away investment contracts that can be redeemed for tokens to participants who carry out actions such as watching a video and learning about Althea, submitting a proposal to create a new network, and building a network by signing up users. Those looking for faster, cheaper internet in their community can earn Althea tokens (ALTG) by visiting https://republic.co/althea and taking steps to start an Althea network in their area.

The airdrop is now open for anyone to participate. ALTG entitles holders to share in the upside of a successful Althea network. Anyone over 18 years old can participate and while participation is technically an investment, no USD payment is required.

Founded in 2016, Republic operates a family of businesses, including an investment platform that provides retail investors around the world with compliant access to curated startups and blockchain projects. Republic operates under U.S. equity crowdfunding regulations and is under the supervision of the U.S. Securities and Exchange Commission and the U.S. Financial Industry Regulatory Authority. Republic recently expanded beyond crowd investing with the introduction of Radar (a platform that connects founders with noted venture firms), a Republic syndicate on AngelList, and a tokenization advisory service, each as an independent business operation. For additional information, please visit: www.republic.co@joinrepublic and www.facebook.com/joinrepublic.

Althea is a system that lets routers pay each other for bandwidth. This allows people to set up decentralized Internet Service Providers in their communities. In an Althea network, instead of one ISP at the top collecting monthly payments, many different people can earn money by expanding and strengthening the network. Learn more at althea.net.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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