Intellisys will guide Mainstreet Investment to invest in U.S. middle-market operating companies, fund-of-funds, and real estate projects to increase investor awareness and attract future opportunities.
● Weeks 3 – 4: 750 MIT = 1 BTC
Also read: Bitcoin advocate Charlie Shrem joins private equity platform for digital tokens
Bulk discounts are available.
“As we provide distributions to investors, we will look at blockchain companies that will be synergistic with our portfolio companies,” Shrem said.
The tokens can be purchased with bitcoin or Ether. The sale is capped at $25 million, with a 10% holdback for additional investment and working capital. Unsold tokens will be burned immediately after the sale.
“What we are attempting to achieve will merge investment, securities law and technologies in a way that has not yet been done,” Granger said.
The memorandum is meant as a gesture of transparency to potential investors or anyone interested in the token offering.
The sale will run until March 15, adhering to the following pricing schedule:
The approach will raise the fund’s credibility in mainstream markets, offering a showcase for blockchain projects seeking recognition from larger investors.
“The Mainstreet Investment token offering will change the game for investing on a worldwide stage,” Granger said. The excitement associated with the project “keeps our team getting out of bed every morning to see what we’re going to do next.”
Mainstreet Investments will hold a crowdsale of 50 million tokens on Jan. 15, 2017 to March 15, 2017, capped at $25 million. An initial token offering memorandum outlines the sale’s goals and objectives according to Intellisys Capital, the fund’s manager and general partner.
The fund, led by Intellisys’ Chief Executive Officer Jason Granger and Charlie Shrem, the company’s chief technology officer, will try to change the way investment can occur through the use of blockchain technology.
“We want to be as upfront and transparent as possible about the token offering and what investors can expect,” said Shrem in a prepared statement. “We’re raising the bar when it comes to raising funds through an initial token offering.”
Intellisys will hold a live video session for members of Coinfund’s Slack channel on Wednesday, Dec. 21 starting at 11 a.m. EST. Sign up at slack.coinfund.io.
● Weeks 1 – 2: 900 MIT = 1 BTC
Image from Shutterstock.
● Till close: 500 MIT = 1 BTC
ECB Chief: Bitcoin Not ‘Mature’ Enough for Regulation
European Central Bank (ECB) chief Mario Draghi says that bitcoin and other cryptocurrencies are not mature enough for regulation.
As reported by CNBC, the ECB president made these comments during a
Bitcoin Price Climbs to $6,200 as Record-Setting Advance Continues
Bitcoin’s record-setting run continued on Saturday, as the bitcoin price touched the $6,200 mark to set a new all-time high.
On Friday, bitcoin shocked analysts and investors alike when it made a s
Bitcoin Price Hits New-All Time High at $6,151, Market Gains Confidence
After recording a meteoric rise in value from $5,700 to $6,052, the Bitcoin price has established a new all-time high for the second time this week, at $6,151.
Within the past 12 hours, the Bit
$25,000 Bitcoin Price Prediction is ‘Conservative’: Wall Street Strategist
FundStrat Global Advisor co-founder Tom Lee turned heads when he first predicted that the bitcoin price could reach $25,000 by 2022, but he has maintained this bullish stance even amid the severe down
PlusCoin Loyalty Solution Offers Cashbacks in Cryptocurrency
DS Plus, the leading brand management and loyalty program company, through its mobile platform, is offering exciting incentives to customers. As a part of this program, customers can earn
MicroMoney: Financial Inclusion to the Global Economy for Everyone
When two years ago I found a report by the experts at McKinsey & Company stating that about 2 billion people across the globe today had no access to banking or other basic financial services, I was
Bitcoin smashes through $6,100 to hit a new record high
Bitcoin set a new record high on Saturday breaking through the $6,100 barrier. The cryptocurrency hit an all-time high of $6,147.07 just a day after pushing through the $6,000 mark, according to
Interview: Slovenia’s Grand Plan Aims for ‘National Blockchain Ecosystem’
Recently, Slovenia’s Prime Minister, Miro Cerar, touted the benefits of blockchain technology while speaking at the Digital Slovenia 2020 gathering. Cerar notably stated that the country was becoming