Several projects have harvested 200 million? People familiar with the matter reveal how Kelsier Ventures shipped

Author: shu, BlockBeats

On January 31, Argentine President Milei posted a tweet on his X account, "He is giving me advice on the impact and application of blockchain technology and artificial intelligence in the country," with the A photo of a young man in a suit and gold-rimmed glasses.

This person is Hayden Mark Davis, a key figure in the LIBRA token issuance storm.

Who is Hayden Mark Davis?

Hayden Mark Davis's LinkedIn profile shows that he has been the CEO of Kelsier since October 2020; since May of the same year, he has become the founder of Luxury Drip, a company with an unknown industry (although there is a name for the same name. The Italian brand belongs to the urban fashion field); and according to Davis, he has started a business since August 2017 and runs a company called Leaders Elevate. If you search for the latter company via Google, one of the results points to a company focused on coaching, and its founder is another man named Tom Davis, who lives in Barcelona.

Hayden Mark Davis' personal account still cannot reveal his story. The last photo was uploaded by Javier Mille from the Presidential Palace, while the other dates back to February 2022, in which the young man took a photo with several other people named Davis and marked their names. Thomas Davis and Gideon Davis appear in Kelsier's CEO and co-founder positions respectively. Currently, this account has been locked into a private account.

Kelsier Ventures deleted team members found based on web snapshots

Kelsier Ventures Operation Reveals

The following is from a survey video by Nick O'Neil, CEO of BoDoggos Entertainment:

In this video, I want to dive into Kelsier Ventures, who are still actively offering token issuance so far, although one of their founders, Hayden, is currently at risk and is involved in an international scandal. What I can learn today is how Kelsier conducts the entire process of issuing tokens, including fees, how the company involves money laundering, token laundering, and internal manipulation for relatives and friends. Next I will switch to the computer screen to show my understanding of Kelsier Ventures and how they currently work, gradually resolving the four important components of Kelsier Ventures.

Shipping

I interacted with team members and learned about their actual charges and how they operated. First, Kelsier Ventures is still in active operation, and Hayden is currently in an undisclosed location, and while I roughly know where he is, I don’t want to make this information public.

I received a quote from the team today, and their core business model is obviously still low-key. You will immediately see what I call the "launch and extract" process. This process is designed to be from their tokens Squeeze as much money as possible. When you pay for their services, they discuss how to do a reshuffle deployment and targeted “sniper”. I'll explain the cost structure in depth later, but essentially, they want the whole process not to be tracked and will "launder" operations during the in and out.

Some people may call it a wire transfer fraud, and I don't know how they will define it themselves, leaving it to the judicial system for judgment. But from my understanding point of view, it can basically be considered this.

They will also make markets after the token issuance and offer different options. This includes short-term operations, the well-known one is Melania, and there is also long-term market making, which requires them to use 20% of tokens to make markets. The "shuffle" process I mentioned before is completed in these operations and then withdraw funds from them.

Charging standards

Next, let's take a look at pricing. In fact, the price is relatively standard. If you have had contact with market makers in this field, you will know that this is straightforward. They will charge a 2% share of tokens and plan to sell them in the future.

I saw a recent leaked internal video mentioning that this ratio is probably 1%. In fact, they may allocate this 2% share to different people, but they are charging this 2% share of tokens and plan to maximize 1.1% of them every day. That is, if you provide 2% tokens and the service period is 20 days.

Calculated at a service fee of $3,000 per day, or at a 20% charge based on the amount you withdraw. If you ask them to sell $1 million today, they will charge a 20% service fee, or $200,000. Therefore, the cost structure is based on a higher amount.

Yet another part is the cost of starting these operations, which is the chart they use internally and provide to customers, which is the latest pricing today.

I don't plan to go into it in depth here because it doesn't matter, but I'll give an example. Suppose you want to set the token market capitalization to $1 million and plan to "shuffle" 94% of the tokens. They usually perform this "shuffle" operation at each release, generally between 85% and 97%. If you look at the issuance of Melania tokens, you will find that it fits this range. In this way, they actually entered early before the market officially opened, basically "snatching the lead" of all other buyers.

Take the million-dollar market capitalization as an example. Suppose you spend 333.33 Sol today to start the process, that is 333.33 times $180, totaling $60,000, plus 20 Sol as the initial cost, plus other expenses, the final cost is 63,500 Dollar.

Why choose a higher market pricing? That may be because the demand is huge and I want to start with a high price. Of course, for some small projects, the market price is lower, but larger projects such as Trump tokens and Melania coins will be higher, and the proportion of their early reshuffle will be larger.

From my point of view, this approach is almost illegal, but that's their structure. I suggest you take a deeper look at this chart yourself and see how they operate.

Finally, I'm going to mention a key point and I'll show it further in the video. According to my sources, 90% of the "snipers" come from inside Kelshear. They distribute tokens to friends or set up actions for their bots. While I can't confirm this, it seems that this is how they work, and it's simply ridiculous.

As I said, they are still doing these things now. The operation basis of the entire system is money laundering, selling first, and making markets. In the short term, it is a typical "sell after surge" (such as Melania tokens), and then long-term market making. It was also mentioned in the conversation between Hayden and Dave Portnoy. They will eventually buy back the tokens with the money they earn and eventually "dump" them in the market.