 | Mainstreet Investment (MIT)ICO A private equity investment platform powered by Ethereum with a structured organizational framework focused on transparency and sound investment strategy IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenTechnical details
The Fund will use Ethereum to create the MIT and make Fund distributions. The smart Contract Token will use ERC 20, the Euthereum Token Standard, supported by multiple exchanges around the world. The Fund will be issuing the MIT using the Ethereum network as part of its commitment to investors for transparency and liquidity. This token sale will enable the Fund to provide investors, as token holders, with visibility into the Fund's portfolio holdings through an investor dashboard.
What is Mainstreet Investment
- The first legal/legitimate digital token security - Backed by real assets of US companies - Transparent and responsibly-managed fund
Token infoTicker: MITDividends: The Investors, as MIT holders, are entitled to receive the first distributions from each class of Fund investments. The Fund Agreement provides that the Investors are given preferred treatment for a 10% annual cash-on-cash return (the “Preferred Return”). Next, Intellisys is entitled to a catch-up on that Preferred Return equal to 10% of the amount distributed to the Investors. All additional amounts are split 50% to the Investors and 50% to Intellisys. Accepted currencies: BTC, ETH Token distribution: Token cap - 50.000.000 MIT The Fund's initial token offering, or "ITO", of the Fund's MIT will be capped at $25,000,000, plus an amount equal to 10% thereof as a holdbackfor future investment opportunities in the portfolio, for a total offering amount of $27,500,000. Eligibility to invest inthe Fund and acquire MIT is open globally; however, no US or European Union residents may participate. At the ITO's termination, Intellisys will burn any MIT that have not been purchased. Mainstreet Investment ownership: Mainstreet Investment Token (MIT holders): 50% and Intellisys: 50% So, 50% of company will be sold on ITO. |
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