<h1>Blockchain AI presale marketed as high-growth investment risks securities-law exposure under the Howey test and Rule 10b-5</h1> A blockchain-based AI presale is marketed as a high-growth investment, claiming rapid fundraising, robust technology, third-party audits, and early exchange listings to support potential '100x' returns. The promotional release emphasizes utility-driven features (AI prediction models, decentralized data ingestion) but also relies on speculative comparisons to past meme-token rallies. Legal risks include potential securities-law exposure depending on token characteristics and jurisdiction, misleading or unsubstantiated performance claims, and regulatory scrutiny over marketing to retail investors. Disclaimers in the release limit publisher liability, but prospective purchasers should conduct independent due diligence and assess compliance, disclosure accuracy, and market-risk disclosures.