$MAIN · SOLANA
Real businesses.
Real cash.
On-chain.
Mainstreet buys equity in small operating businesses, helps them grow, and returns a share of what they distribute to token holders in USDC.
The gap
Businesses with no capital.
Companies doing $1M to $5M in revenue, with real margins and real customers. They are invisible to venture capital because they do not grow tenfold a year. Bank debt is the only option and most do not qualify.
Capital with no access.
Public markets are picked over by institutions before retail sees them. Private markets are closed by accreditation rules and minimum cheque sizes. Crypto offers tokens that represent nothing.
Nothing connects them.
Mainstreet does.
The closed loop
Crypto is trading with itself.
Nearly every token launched today is bought with money that was already in crypto. Capital rotates from one asset to the next, the pool does not grow, and each new launch competes for the same wallets. When the cycle turns, there is nothing underneath.
Mainstreet's portfolio companies have customers. People who bought a coffee, downloaded an app, or hired a service, and who have never opened a wallet in their lives.
Those people have a reason to hold a token that no crypto native can offer them: they use the thing. Ownership follows from the product, not from a chart.
That is new capital arriving from outside the system, and it is the only kind that lasts.
Every company we back is a door into crypto for people who were never going to walk through the front one.
Mandate
Source.
Underfunded operators with existing revenue. Consumer businesses, brands, and service companies, in categories where community converts directly into sales.
Fund.
Capital in exchange for 20% to 40% of the business. Sized to stage and to what the company can realistically raise elsewhere.
Build.
Marketing, branding, launch support, and distribution. Access to a holder base that is financially aligned with the company winning.
Distribute.
Cash received from portfolio companies flows back to token holders in USDC. Claimable on demand rather than pushed on a schedule.
Terms
A bank gives you money and a repayment schedule. A venture fund gives you money and a board seat. Mainstreet gives you money and an army.
Structure
How the cash moves.
- Quarterly distribution
- Mandatory, of a defined share of Distributable Cash.
- Distributable Cash
- Cash from operations, less agreed capital expenditure, less a working capital reserve.
- Compensation ceiling
- Founder pay capped, so distributions cannot be absorbed as salary.
- Audit rights
- Inspection and audit of books and records.
- Reporting
- Quarterly financials delivered within 45 days.
What this actually pays
One company, worked through.
| Company revenue | $100,000,000 |
|---|---|
| Net margin | 20% |
| Net profit | $20,000,000 |
| Distributed to owners | $10,000,000 |
| Mainstreet interest | 40% |
| Mainstreet share | $4,000,000 |
Instruments
$MAIN, the index
- Exposure
- Every company in the portfolio
- Pays
- USDC distributions, net of expenses
- Also receives
- Company token emissions from treasury
- Rights
- Governance over treasury deployment
Company tokens, the concentrated positions
- Exposure
- One operating business
- Backing
- Mainstreet equity in that company
- Treasury share
- 40% to 50%, public timelock
- Price driver
- Sentiment, not cash flow
Programme
Foundation
Entity structure in place, with the first three to six companies sourced, diligenced, and funded.
First cohort
Portfolio companies operating with Mainstreet support. First company tokens launch and first distributions flow.
Proof
Distribution history established and published, with quarterly reporting running and eight to fifteen companies held.
Scale
Thirty or more companies, diversified enough that aggregate distributions hold steady regardless of individual outcomes.
Timelines are estimates and will move.