Machi Big Brother, the social media persona and serial investor Jeffrey Huang, shared new details about his next project. The Machi token is open for registration, aiming to raise $5M through an open-ended presale.
Project Details
Jeffrey Huang, using the social media moniker Machi Big Brother, announced his new project. The Machi project has not yet created a token, which is unusual for such projects where token creation happens quickly. The project will utilize the Blast blockchain, one of the niche L2 networks that expanded in 2024. The project immediately attracted high-profile buyers, with claims that supporters have a combined value of up to $125M. This is reminiscent of previous projects involving Jeffrey Huang, which also attracted influential investors.
Presale Features
The Machi presale is for registration purposes with a goal to raise $5M. There are special allocations for Ape NFT holders, which might be somewhat unfair to crypto beginners. Machi Big Brother also reached out to a few projects for early placement. Unlike classic presales, this project is an Initial Baseline Value bootstrapping event. The gathered liquidity will be required to create the first pools on Baseline DEX, part of the Blast ecosystem.
Connections with Other Projects and Communities
The Machi project is closely connected with other platforms and projects such as Blast, Yes Money, Fantasy.Top, BobbaOpa, and the BAYC NFT holder community. Machi Big Brother spent more than 168K ETH in acquiring NFTs and maintains contact with respective communities. The project also offers pre-registration opportunities to former Friend.tech holders, a platform that aimed to monetize follower counts.
The Machi Big Brother project aims for transparency and security, avoiding issues related to other meme tokens. It seeks to create liquidity and build trust within the crypto community by leveraging highly valuable collectible tokens and influential investors.
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