The man who turned into a cryptocurrency and raised R $ 100 thousand

Alex Masmej dreams of being a Silicon Valley demigod. And the 23-year-old Parisian sold himself through an ICO last week to achieve that goal.

More specifically, Masmej is selling tokens – called $ ALEX – so that people who believe in Alex Masmej can buy fractions of him and his success.

So far, 30 investors have participated in the ICO, which generated US $ 20,092 (approximately R $ 100,000) for its trip across the Atlantic, he said. The sale of the token ended on April 12, after 5 days.

According to CoinGecko, a $ ALEX token is worth $ 0.01.

What can you do with a $ ALEX? What can’t you do? Understand:

  • $ ALEX holders are promised a share of any money they earn in the next three years! (He will pay up to a total of $ 100,000 in three years – the rest is from Masmej).
  • $ ALEX holders can vote on some of their life decisions!
  • You can ask him to promote them through his social media channels!

To date, Alex has 3,258 Twitter followers, 517 Instagram followers and more than 500 LinkedIn connections.

Masmej, in exchange for this new type of contracted servitude, promises to dedicate himself to opening new businesses. He told Decrypt that he has plans to create a decentralized finance startup that focuses on the consumer economy. “Not only can you get a return of up to 5x in 3 years, but you can also profit from the $ ALEX market price,” he said.

A man named Masmej

Who is this man who puts his life in an ICO? After leaving the University of Manchester in England in 2017, Masmej co-founded a startup in the UK that combined paper sketches with 3D designers. He said he failed after six months. Then he returned to his hometown, Paris, to start a meet-up.

Then, in July 2019, Masmej said he moved to San Francisco, California, where he founded a crypto-collectible lending company, RocketNFT, and a decentralized marketing initiative, MarketingDAO, both still functional.

Best of all, and perhaps the most magical: in a city known for its incredibly high rents, Masmej said he got four months of free rent in San Francisco between July and December 2019, when French billionaire Xavier Niel housed him in his programming school, 42. Masmej said he gave up “too soon” to focus on his crypto projects.

Masmej said he is now back in Paris, but plans to return to San Francisco as soon as possible and plans to stay there. “Moving to SF is also the best place in the West for tech and financial talent,” he explained. “Most of the extraordinary people I know live in SF.”

A rich benefactor

Chris Furlong, who heads the blockchain consultancy Blockstar Studio, is among the 30 investors in Masmej’s ICO. Captivated by the novelty of Masmej’s story, Furlong bought 4 to 5 ETH ($ 600 to $ 750).

“I did it because I liked the story,” he told Decrypt. Furlong said he applauded Masmej’s innovation in blockchain marketing – like Masmej, Furlong works on product design and marketing, but “can’t program to save my life”.

Furlong is looking to deepen blockchain marketing and product design, and thinks Masmej “is a good person to meet and a good person to support”. The purchase of Masmej shares will earn you “connections, access and network. Someone whose brain I can choose.

He said he would abstain on the majority of votes that decide Masmej’s fate.

Furlong considers his investment in Masmej to be a digital version of the sponsorship system, like discovering an emerging artist and “giving them the ability to buy paint, canvas and studio space”.

The good impression

Is an investment in Masmej too good to be true? “Since there are no legal contracts, I can technically get away with the money,” he said. And even though the $ 20,000 he raised is stored in a public wallet visible on the blockchain, Masmej said he “could drain it transparently.”

But the reason he doesn’t do this is because “it will damage my reputation among the people I need help with,” he said, citing investors and fellow founders. “My personal brand revolves around transparency,” he said, adding that “I’m more likely to not make money and pay very little.”

What about the SEC, the regulatory body charged with enforcing securities laws?

Although Masmej said in his ICO ad that his token is not a security, he told Decrypt that “maybe” those who say that may be right. He hopes that, anyway, by raising such a small amount, from just 30 investors, “the SEC doesn’t care about me,” he said.

In any case, Masmej points out that Block.One raised $ 4 billion and received a $ 20 million slap on the wrist. The aspiring demigod Masmej told us that he is definitely “willing to pay this%”, should that happen.

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