Machi Big Brother announces $5M token presale event
Machi Big Brother, the social media persona of serial investor Jeffrey Huang, has announced further details on his latest venture, the Machi token, which is now available for an open-ended presale event aimed at raising $5 million in liquidity. Unlike typical token launches that happen rapidly, the Machi project has yet to create a token, making it unique in the fast-paced crypto space.
The project, which will utilize the Blast blockchain—an expanding niche Layer 2 network—has already attracted attention from high-profile buyers, with some supporters reportedly valued at up to $125 million. This mirrors Jeffrey Huang's previous projects that also drew in influential crypto whales and high-net-worth investors.
The Machi project’s presale is structured as an Initial Baseline Value bootstrapping event, with the liquidity raised intended to form the first pools on the Baseline DEX, a part of the Blast ecosystem. The announcement of the presale has already generated significant interest, leading to an influx of registrations that temporarily caused rate limits on the DeBank service.
Despite the excitement, the project has faced some criticism, particularly regarding its allocation process, which may favor existing Ape NFT holders over crypto beginners. Additionally, the project has not followed the traditional presale model, with Machi Big Brother cautioning against any claims that a token has already been created and emphasizing the importance of using official links.
Machi Big Brother has also criticized other meme token projects, especially those associated with rug pulls and insider holdings. The Machi token aims to lock up liquidity with smart contract assurances to prevent such issues. The project aligns with Vitalik Buterin’s vision for building tools, not empires, while also seeking to connect with other platforms and projects to build influence.
The Machi project has reached out to several communities, including Blast, Yes Money, Fantasy.Top, BobbaOpa, the BAYC NFT club, and YOLO token holders from Yolo Games, inviting them to participate early. Machi Big Brother’s significant wealth, primarily in the form of high-value NFTs like BAYC and MAYC avatars, underscores his influence and resources within the crypto community.
The Machi token’s presale is expected to be a major event, particularly given Jeffrey Huang’s previous involvement in high-profile crypto projects. The project’s success could further solidify Machi Big Brother’s standing in the rapidly evolving world of decentralized finance.
#Web3.0 #NFT #Blockchain #Crypto #Cryptocurrency #AI #Metaverse #OpenSea #AR