Question 1

How will mainstreet facilitate letting users pay in crypto and the businesses receive fiat, or vice versa, without losing money while the transactions settle?

Accepted Answer

The settlement is instantaneous with our omnibus structure. Our analysts will ensure that we have the assets needed to settle transactions within a margin of safety. Similar to a liquidity pool. This allows different asset pairs to flow inbound and outbound. Periodically, we will batch many transactions together to submit to the chain and rebalance our omnibus accounts.

Question 2

How much capital do you estimate will be required for the liquidity pool assets? Where will that capital come from?

Accepted Answer

It depends on the amount of user funds being held on Mainstreet. We will rebalance pools as needed to match the user's holdings on the platform through our OTC providers.

Question 3

FYI - The https certificate for mstreet app expired a few days ago.

Accepted Answer

Hey Marcus - it's resolved now, thanks for the heads-up!

Question 4

This whole project seems like a two sided marketplace. You claim to be able to onboard a lot of users from your previous project. What is your strategy to bring the other side the merchants into using Mainstreet (especially the non crypto familiar merchants) ?

Accepted Answer

Hi Niklas - thanks for the question! A huge part of Mainstreet's beauty and value proposition is that non-crypto-familiar merchants don't need to understand crypto or be comfortable with it to accept it. Allowing merchants to easily accept any supported cryptocurrencies as payment while receiving only their preferred currencies (for example, fiat) will open up greater business opportunities (in an ever-growing trillion-dollar-plus crypto market). Conversely, individuals who want to use crypto...

Question 5

I know you've built a "MVP" product already. Have you undergone a security audit on your product? Is there publicly available data/information on a security audit?

Accepted Answer

Hi Ernest – we've built our demonstrator app which showcases the ability to pay for a good/service in cryptocurrency and converting that payment into fiat (USD). The funds raised for our seed round will allow us to build out the complete MVP or alpha application (for a beta launch) to collect feedback for further development purposes. Our security audit will occur closer to our beta launch (and limited public release in subsequent series). Thanks for your support!

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