Mainstreet Investment Reschedules Token Sale
Sale of 50 million digital tokens launches Feb. 27
GRAND CAYMAN, Cayman Islands — Cayman Islands exempt limited partnership Mainstreet Investment is announcing that it is rescheduling its token sale. News last week from China has impacted liquidity in one of the world’s largest cryptocurrency markets, and has restricted the access to many people’s crypto accounts. Many of Mainstreet’s investment partners are experiencing liquidity constraints due to withdrawal prohibitions levied on China’s top exchanges. As we want to give everyone who is eligible a fair opportunity to invest in the sale, we feel it would be best to delay the start of the token sale.
Mainstreet’s goal is to maintain strong momentum from the opening to ensure significant liquidity on exchanges after the token sale. In an effort to ensure maximum participation by the world’s largest markets, including China & Europe, it’s important that all investors have access to the same discount structures provided in the smart contract schedule. When the $25 million cap is reached, Mainstreet will become a top 15 traded token by market capitalization, which will create strong demand for tokenholders.
“Part of Mainstreet’s mission is to encourage a more stable token ecosystem and temper the extreme volatility of traditional token sales” said Jason Granger, CEO of Intellisys Capital, Mainstreet’s general partner.
“While it is not ideal to reschedule the sale, our commitment to our investors is to provide a stable and transparent investment platform. We anticipate that the additional two weeks will give all of our investors the necessary time to access the funds needed to invest in Mainstreet as Chinese exchanges finalize their KYC/AML processes.”Mainstreet continues to strengthen its partnerships in China and Europe. As part of this effort, Charlie Shrem and Jason Granger will be hosting a press conference in Shanghai, China on February 25, 2017 facilitated by Shared Finance. Charlie will continue the worldwide tour with a stop in Switzerland at the Start Summit on March 24.
“We’re really excited about Main Street in all the potential that we can bring, however we do not want to exclude anyone, and many of our Chinese investors would like to be a part of this,” comments Charlie Shrem.
The Mainstreet Investment Token goes on sale Feb. 27, with 50 million Mainstreet Investment Tokens (MITs) available for purchase. The sale will run through April 28, 2017, or until the $25 Million cap has been reached.
Proceeds from the Mainstreet sale will fund the acquisition of U.S. middle-market companies. The sale is capped at US$25 million, with a 10 percent holdback for additional investment and working capital needs for existing investments.
A full copy of the offering memorandum with complete details on the token sale can be found on the Intellisys and Mainstreet websites at
intellisys.ai and
mainstreet.ky.
About Intellisys CapitalIntellisys Capital LLC is the general partner of Mainstreet Investment, LP, an exempt limited partnership private equity fund powered by the Ethereum blockchain. Led by Jason Granger and Charlie Schrem of Intellisys, Mainstreet Investment is issuing a digital token security backed by real assets and which provides real investment returns to holders.
For media inquiries, contact:
hello@intellisys.aiFor investor relations, contact:
corporate@intellisys.ai
