[CANCELLED] Mainstreet Investment LP (MIT) SECURITIZED BLOCKCHAIN ASSET - page 5.

Johnny00

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Quote from: ?? on ??

Quote from: Johnny00 on February 10, 2017, 03:02:53 PM

I don't like the high 5% management fee and 50% ownership of the GP. you are raising $25M from tokens. unlikely you put up $25M of your own money.

$25 million is the max raise amount it doesn't mean they will actually raise that much. However I do hope they do!

Yes max raise. Any raise they do 50% is their share already with 5% management. Seems excessive. Unless someone can clarify.

MainstreetLP

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Mainstreet.ky - 1st Securitized Blockchain Asset

Charlie interviewed on NPR.

Podcast available on iTunes.

Episode 753: Blockchain Gang

http://www.npr.org/sections/money/2017/02/10/514577243/episode-753-blockchain-gang

MainstreetLP

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Mainstreet.ky - 1st Securitized Blockchain Asset

Quote from: maknyos on February 11, 2017, 02:11:06 AM

awesome

good luck. I hope many fans in this project and I am still waiting on the bounty program

We don't have a bounty program, if things change in the future we will make announcements.

maknyos

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#SWGT PRE-SALE IS LIVE

awesome

good luck. I hope many fans in this project and I am still waiting on the bounty program

Johnny00

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I don't like the high 5% management fee and 50% ownership of the GP. you are raising $25M from tokens. unlikely you put up $25M of your own money.

MainstreetLP

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Mainstreet.ky - 1st Securitized Blockchain Asset

We just launched a dedicated website for our Chinese supporters.

Check it out at: http://mainstreet.icoage.com/

MainstreetLP

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Mainstreet.ky - 1st Securitized Blockchain Asset

Quote from: Johnny00 on February 08, 2017, 01:29:15 PM

very interesting project. i wonder how hard it will be to sell as other people may not want to register

We should wait and see

Johnny00

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very interesting project. i wonder how hard it will be to sell as other people may not want to register

MainstreetLP

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Mainstreet.ky - 1st Securitized Blockchain Asset

Charlie and Jason are hosting another AMA on Steemit right now.
You are welcome to submit any queries you may have.

[AMA] Join us at 6:30pm EST with Charlie Shrem and Jason Granger about Mainstreet Fund

MainstreetLP

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Mainstreet.ky - 1st Securitized Blockchain Asset

Quote from: thepo1m on February 07, 2017, 03:51:59 AM

I have been looking into the project fo sometime, but I saw a tweet about it:

https://twitter.com/TuurDemeester/status/827694879170031616

https://twitter.com/Truthcoin/status/827689762039422977

Please, I will need your view on this, especially the review of the project by I'm not your lawyer guy.

Note: I'm not here to spread FUD just to make right decisions

Jason and Charlie have made some comments about the above on Reddit as well as during our AMA.

TL;DR:
The team is very glad to have chosen Cooley's Marco Santori as their legal representative.
They don't believe the person in the video first understood how Mainstreet and private equity works nor that he's really good at what he does...

Thread #1 AMA (See comments from Charlie and Jason)
https://www.reddit.com/r/ethtrader/comments/5rok7s/ama_join_us_friday_feb_3rd_at_800_est1300_gmt/

Thread #2 (Jason comments)

If you have any specific questions you are welcome to join our Slack, feel free to ask Jason and Charlie directly.

http://slack.intellisys.ai/

When running a new project, especially one like ours, the first project to have a securitized blockchain asset it is normal that some people may get wary.
Also without a bit of private equity background things may not be easy to grasp by everyone. So you do get feedback of all sorts.

However from our point of view as well as our legal team we have done all that needs to be done to be sure our offering is compliant.
We do listen to all feedback nevertheless, it is important for us to make sure things are clear to the public.
We are looking forward to the ITO to start and have had a lot of positive feedback and support from the community.

MainstreetLP

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Mainstreet.ky - 1st Securitized Blockchain Asset

Quote from: bitjohns on February 07, 2017, 02:54:37 AM

You are saying that it's THE FIRST SECURITIZED BLOCKCHAIN ASSET
and I don't see any technical details..

How is this project secured? What's the technical background?

We are not building our own blockchain nor any software for public use.
We use Ethereum smart contracts for the token and to automate distributions.

A review of our smart contracts is available here: http://www.intellisys.ai/security-audit-of-mainstreet-token-and-crowdfund-smart-contracts/

More than technical details you want to be interested in the financial details for our project. Documents are available below:

thepo1m

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Activity: 658

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I have been looking into the project fo sometime, but I saw a tweet about it:

https://twitter.com/TuurDemeester/status/827694879170031616

https://twitter.com/Truthcoin/status/827689762039422977

Please, I will need your view on this, especially the review of the project by I'm not your lawyer guy.

Note: I'm not here to spread FUD just to make right decisions

bitjohns

newbie

Activity: 40

Merit: 0

You are saying that it's THE FIRST SECURITIZED BLOCKCHAIN ASSET
and I don't see any technical details..

How is this project secured? What's the technical background?

sazonk

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Activity: 575

Merit: 268

Changing the game

I seen there are nothing bounty program

biggzi

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Merit: 502

This is a very interesting project but the whole token registration/dividend distribution setup seems so antiquated. This is going to put off a lot of people from buying tokens on exchanges in the future.... and no US money?! Iconomi didn't face such problems did they?

MainstreetLP

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Activity: 98

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Mainstreet.ky - 1st Securitized Blockchain Asset

Quote from: topesis on February 04, 2017, 08:45:52 AM

The team seems to be set for the crowdsales finally, what I don't understand is that there would be 50 million tokens and the fund is capped at $25 million. With the price of BTC increasing now at the tokens is 1BTC=1000Itom if I'm right, do that means you won't need to sell all the tokens once $25 million target has been reached

If and when we will reach $25 Million the sale will stop and remaining tokens will be burned as specified in the OP.

topesis

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The team seems to be set for the crowdsales finally, what I don't understand is that there would be 50 million tokens and the fund is capped at $25 million. With the price of BTC increasing now at the tokens is 1BTC=1000Itom if I'm right, do that means you won't need to sell all the tokens once $25 million target has been reached

MainstreetLP

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Activity: 98

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Mainstreet.ky - 1st Securitized Blockchain Asset

Quote from: jacaf01 on February 04, 2017, 07:39:37 AM

I received newsletter from the mainstreet today, the content says that people in Northern hemisphere of Europe can now invest in the project, but the list of these countries were not stated expect for USA and Hong Kong citizens that are not allowed. I will like to know the list of these countries

As per our Press Release (a few posts back) and on our website:

http://www.intellisys.ai/mainstreet-investment-removes-restrictions-widens-investor-eligibility/

Quote

U.S. and Hong Kong are the only fully restricted jurisdictions for the sale.

Hope that clears it up.

jacaf01

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The revolutionary trading ecosystem

I received newsletter from the mainstreet today, the content says that people in Northern hemisphere of Europe can now invest in the project, but the list of these countries were not stated expect for USA and Hong Kong citizens that are not allowed. I will like to know the list of these countries

adhitthana

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Quote from: MainstreetLP on December 17, 2016, 05:40:48 PM

Quote from: Godson_Mansa on December 16, 2016, 03:32:46 PM

Interesting, will be doing some calculation.

Thanks for your interest. After you review the ITOM document we released yesterday we can answer any questions you have.

We will also be releasing a prospectus on our first company acquisition in the next couple weeks. It will have more detailed financials for you to work with.

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