The crowdfunding platform Republic successfully raised $16 million through the sale of the dividend token Republic Note. According to Coindesk, the company raised US$11 million through the Reg D rule issuance and US$5 million from non-qualified investors through the pending Reg A+ issuance. The company will retain the non-qualified investor portion until it is eligible for Reg A+ and completes this step. Lianwen previously reported that the Republic Note started its public sale on July 17 with an initial price of US$0.12. It was previously planned to raise US$8 million, of which US$4 million can be subscribed by qualified investors, while small and medium investors can pre-lock the remaining A quota of US$ 4 million. Raised more than US$10 million in funds within five days of launch. After that, Republic increased the total financing ceiling to $16 million. Chain Wen noted that Republic hopes to enable investors to participate in the economic development of venture capital through the Internet and blockchain information transmission and financial right technology.