Maybe not such an interesting opportunity after all...
In my latest episode 7 of SIO, I reviewed the upcoming Mainstreet ITO (Initial Token Offering) from @charlieshrem. I apologize, as it appears that this will not be offered to US or EU customers. You can see the following statements from @charliesrem's twitter here:
I went back and read more about the token in @charlieshrem's original post:
The ITO will extend for 60 days. Eligibility to invest in the Fund and acquire MIT is open globally; however, no residents of the United States or European Union may participate.
I tweeted Charlie asking for clarification:
I have not received a response as of yet. I am really curious how they expect the crowdsale to be successfull without US & EU investors. I suppose China could make one hell of an investment like they did in the Ethereum First Blood sale that China basically bought out almost the full $5 Million.... but $25 Million?! It's possible. But I don't see the logic behind it. I'm sure this is the result of regulatory pressure. Maybe @charlieshrem will clarify this on Steemit.
Also, another tweeter brought up good points, you can't posses and trade the token for the value of the token because exchanges won't let you? You definitely cannot do dividends. Yet it's the setup that will prevent this, per Charlie's tweet, not IP blocking, VPN, etc.
This is very interesting. I hope we get some clarification. For now, I guess this one is off my investment radar.
You can read the original article here:
P.S. This is no way a shot at @charlieshrem or Mainstreet. I hope they have a successful crowdsale and do great business. This one looks exciting. I just hope there is clarification because I am not quite sure how it will do well with such limitations!
I'm sorry you are disappointed. We'd love to have EVERYONE participate but the security laws in the USA and EU don't allow for this at this time. It's as simple as that. I'm sorry
What's the worst that can happen? Oh wait ....
@charlieshrem it's disappointing but it's ok. There's not much you can do about it. Do you really think the rest of the globe can fund $25 Mil? I know China might provide a huge chunk of capital but do you think it will fund even 50% of the 25? No need to apologize, I was simply pointing out that I made an error promoting it as something others on Steemit could invest in, which won't be the case for all of us. It was more of a correction and clarification post for your input. Thanks for responding.
Paging @charlieshrem
Haha that was quick. Yeah I'm so disappointed I can't participate in this one. It looks like a great ITO buy at the bottom!