Mainstreet Investment (MIT)


ICO

ICO start date: 11.01.2017
ICO end date: 11.02.2017

Token Details

Ticker: MIT
Dividends: 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.
Additional Token Emission: No
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.

See also