Hemp grower Apothio has raised $330,000 for a lawsuit against Kern County, California via what’s known as an Initial Litigation Offer on the Republic investment platform.
Investments are accepted in USD, but proof of investment is issued as digital tokens on the Avalanche (AVAX) blockchain network. It’s the first Initial Litigation Offer (ILO) on the Republic platform which launched in 2016 and is designed for equity crowdfunding.
The hemp grower is seeking compensation from the county for damages incurred when deputies and California’s Department of Fish and Wildlife allegedly bulldozed 450 acres of crops worth up to $1 billion.
Apothio’s attorney, Kyle Roche, told Cointelegraph there are many benefits to crowdfunding legal cases via cryptocurrency investments:
“Court systems work really well, they’re just expensive. If you can fix the