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
Verizon, JetBlue Back Blockchain Firm Filament's $15 Million Funding
Blockchain startup Filament has closed a new $15m funding round.
The round was led by Verizon Ventures, the venture arm of telecommunications conglomerate Verizon, and Bullpen Capital, a post-seed
Singapore Fintech Cooperation Hots up, Bahrain Follows UAE
Singapore’s fintech cooperation with the Middle East is increasing again, Bahrain following the United Arab Emirates in signing its own innovation agreement. The country’s Economic Development
First Bitcoin Wallet to Address Privacy Issues Without Requiring Any Forks
TumbleBit, which has been touted as the answer to anonymized transactions on top of Bitcoin’s protocol, is to be introduced to Stratis Group’s soon-to-be-released Breeze Wallet, introducing new
Litecoin Soars to 20-Month High, Price Spikes Nearly 100%
Litecoin prices have shot up today, March 30th, nearly doubling in value over a 24-hour trading period.
Data from Bitfinex shows Litecoin trading at $4.3 at 05:30 before gaining over 25% of its val
Bitcoin Hardware Wallet Startup Ledger Raises $7 Million
Bitcoin hardware startup Ledger has raised $7m in a new Series A funding round.
The round was led by MAIF Avenir, an arm of French insurance giant MAIF. Others taking part in the Series A round inc
Bitcoin Mining in 2017: How to Remain Profitable in Challenging Environment
Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. In the early days of Bitcoin, mining was performed by individual computers running the
Waves Debuts DEX Decentralized Exchange, Mining Power Leasing
The Blockchain platform Waves has announced the release of its own decentralized exchange, DEX, on its mainnet. The exchange, which Waves hopes will improve on previous attempts at decentralized
Anything But Bitcoin Unlimited: 75 Percent of Experts Favor SegWit Survey Reveals
The vast majority of respondents favored SegWit over Bitcoin Unlimited. 75.4 percent of the Blockchain and Bitcoin experts community expressed their support for Segwit activation and 70.5 percent of