Republic Update — Genesis

Summary of token launch, order computation engine demo and forward thinking.

Token launch summary

The REN token launch started and ended on the 3rd of February with all tokens from the public sale sold and distributed. The tokens will be unlocked and transferable on the 17th of February 10AM UTC, with a countdown to appear on our website within the next few days. We’re proud to have 4075 investors join the token sale with a total of 35,000 ETH invested in exchange for 602,000,000 REN tokens.

Now that the sale has completed, the real work begins. Our team is super focused on the delivery and execution of the protocol to provide real value back to our investors.

First orders matched on local testnet

To kick off, we’re excited to announce significant progress on the development of Republic Protocol’s order computation engine. Embedded below is a video demonstration of 3 miners successfully performing order-matching computations on a set of order fragments on a local test network. This is a crucial step towards releasing the protocol, and we’re happy to announce it at a time earlier than expected.

In summary, the order compute engine already:

Successfully matches orders Correctly ignores mismatched orders

Github repository update

We’ve opened up our go-rpc and go-order-compute repositories. If you’re interested in following the updates as they come, star them here: https://github.com/republicprotocol

For the future

We welcome collaborations with great minds and enthusiasts in this space.

If you’re a software developer, finance or mathematics researcher, please email us at work@republicprotocol.com. Our research team is currently studying the impacts of cryptocurrency dark pools on price discovery within lit exchanges. If this is of interest, please get in touch!

If you run an OTC Desk, investment syndicate or are an algorithmic trading firm, please email partnerships@republicprotocol.com.

We look forward to having you all as part of our community; contributing and building the next-generation distributed crypto-asset dark pool owned by the world.

— Taiyang Zhang, CEO, Republic Protocol