1) The first decentralize dark pool protocol. No competition at the moment.
2) Republic is a protocol. I invest exclusively in protocol or platform.
3) Republic addresses the problem better via blockchain technology than compare to the traditional methods.
4) Top tier investors
Polychain Capital
a) CEO and Founder Olaf Carlson-Wee was Coinbase first employee
b) Polychain invested in projects such as 0x Protocol, Tezos, Dfinity, MakerDAO, Cosmo, Nucypher
c) Backed by Sequoia Capital, Union Square Ventures, and Andreessen Horowitz
d) Polychain normally invest in protocol projects with 100x opportunities.
FBG Capital
a) FBG invested in projects such as Nucleus Vison, Ziliqa, Aelf, Tezos, Nucypher, Stream, Ripio, 0x Protocol
5) Well execution
a) The team is on track with Testnet deployment in Q2 2018. They have released the registrar nodes and atomic swapping contract. They are very active on github:
https://github.com/republicprotocol. Here is their latest updates:
https://medium.com/republicprotocol/republic-protocol-update-march-c65d8487afa06) Low Marketcap:
a) Total supply: 1 Billion Ren
b) Total circulation: 620M Ren
c) Current Market cap: $33.5M
7) Great value proposition
a) Darkpool will increase as institutional money flow into crypto.
b) Currently, monthly trading volume for btc and eth ~ $300B. Monthly trading volume is expected to grow to $3-5T in the next couple of years. Assuming 10-20% of the entire volume will be traded in the darkpool, this represents a $300-1000B addressable market for Republic.
Conservatively, I believe Republic can capture about 1/3 of the darkpool as a first market mover. This represents $100-300B monthly trading volume for Republic. To put this into perspective, Binance marketcap is currently sit at $800M with a $30B monthly trading volume. Based on a .1%
fee, Republic has the potential to generate $100-300M monthly in fee. Republic has 620M of tokens in circulation. If you divide the revenue generated to the total circulation number, each REN will generate about $.16-.48 monthly or $1.93-5.8 annually. REN is currently trading at $.055.
Based on the annual revenue Ren has a 35-100x potential of return just as DIVIDEND!
Disclaimer: This is NOT financial advice. Please do your own research and understand that investing in crypto is risky. You can lose all of you investment. I am long with REN.