Quote from: MainstreetLP on February 16, 2017, 06:15:41 AM

Quote from: cebb on February 16, 2017, 05:39:48 AM

Quote from: coin@coin on February 12, 2017, 12:26:18 PM

Quote from: Johnny00 on February 11, 2017, 09:23:20 PM

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

You should get on their Slack they are quite active there and you'd get quick answers.

http://slack.intellisys.ai/

I too want this clarified. And no i dont plan to join slack.
Also what i really want to ask is that the amount raised (in BTC and ETH) will be converted straight to fiat at whatever the exchange rate is after the ICO ends. Then how will I benefit if I am long bitcoin?

lets say bitcoin rises to 2000 USD by end of 2017. By not participating in this ICO I would have doubled my fiat. On the other hand the MIT acquired companies would have to appreciate by 4 times it current fiat value to realize the same fiat gain (since 50% of the profit goes to management).

Also how can we be sure that the company valuation of the companies being bought by management are not inflated?

On a personal note, I support charlie and what he did for bitcoin in earlier turbulent times.

We recommend reading our ITOM, Company Prospectus and Investors Deck on Mainstreet.ky and Intellisys.ai if you want to learn more about how our fund works.
We advise not to contribute in our sale if some things are unclear, we believe they are explained very well in our documentation.

There's many people who are long on Bitcoin but then everyone in the world would be playing the same game if they were sure to make 4x their investment right?
There are also many people who invest in private equity funds, there must be a reason for that too? Mainstreet caters for these people.
People who likes their assets to be backed by real companies however with a token that is very liquid compared to regular private equity funds.

If the companies we intend to purchase had inflated valuations and we don't find out we would lose money and we would be in the wrong business.
However we strongly believe our executive team has solid investment background to be able to determine the right valuation of companies and strike competitive deals.

Thanks for the answers. Your token sale is legit than 99% of the ICOs done in past few years in cryptospace. So the chances of value of MIT going to zero after launch is miniscule.
On the other hand chances of MIT token value to appreciate 200% to 1000% (not uncommon in crypto space) is also miniscule. At best investors can look forward to 10% appreciation of MIT token every year.

Not sure you are targeting this token sale to the right audience. It is more suited to mom and pop investors.
Sorry Guys, 10% return is not worth it to go through the KYC/AML procedure requirements. Also, anyone participating in token sale is actually shorting bitcoin.

Good Luck to the team and potential investors. However, I will pass this one.