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
PlexCoin Founder Gets Jail Time, Fine on Contempt Charge
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering.
On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic
'Bitcoin Jesus' is 'really, really concerned' about the future of the digital currency
An early bitcoin investor said Monday the digital currency can run higher, but the hype has far outpaced its usability. "I think in the short run it can run up a lot more," Roger Ver, CEO of
Bitcoin has aspects of a bubble, but it's OK to 'play' with it: Economist Robert Shiller
Bitcoin has "aspects of a bubble" but it's almost impossible to know whether it's gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride
Futures Launch Puts Record Bitcoin Highs Back in Play – Yahoo Finance
Digital currency bitcoin begins trading on major exchange for first time in Chicago WLS-TVBitcoin Futures Started So Hot That Trading Had to Be Halted Twice FortuneBusiness Insider Â âCNNMoney Â â
Understanding Futures: A Primer for Bitcoiners
Lanre Sarumi is the CEO of Level Trading Field, an interactive online platform for professionals in the finance industry.
"Study the past if you would define the future." – Confucius
Bitcoin Price Back Above $17k to Set New All-Time High
The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).
As of press time, the BPI had climbed as high as $17,382.64, beating the $17
People are taking out mortgages to buy bitcoin, says securities regulator
Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday. "We've seen mortgages being taken out to buy
Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch
Two exchange-traded fund (ETF) providers have filed with the U.S. Securities and Exchange Commission (SEC) to create Bitcoin ETF products that trade in cryptocurrency derivatives.
According to the