
Source: Rhythm BlockBeats
Author: shushu
On January 31, Argentine President Milei posted a tweet on his X account stating, “He is providing me with advice on the impact and application of blockchain technology and artificial intelligence in the country,” accompanied by a photo of himself with a young man in a suit and gold-rimmed glasses.
This individual is Hayden Mark Davis, a key figure in the Libra token issuance controversy.
Table of Contents
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Who is Hayden Mark Davis?
Kelsier Ventures Operation Exposed
Shipping
Fee Standards
Hayden Mark Davis’s LinkedIn profile indicates that he has been the CEO of Kelsier since October 2020; since May of the same year, he has been the founder of Luxury Drip, a company of unclear industry classification (though there is a similarly named Italian brand in the urban fashion sector); according to Davis, he began his entrepreneurial journey in August 2017 with a company called Leaders Elevate. A Google search for this latter company yields a result pointing to a coaching-focused firm founded by another individual named Tom Davis, who resides in Barcelona.
Hayden Mark Davis’s personal account still fails to disclose his story. The last photo was uploaded by Javier Milei from the presidential residence, while another dates back to February 2022, featuring the young man alongside several others named Davis, with their names tagged. Thomas Davis and Gideon Davis appear as CEO and co-founder of Kelsier, respectively. This account is now locked and has become private.
Kelsier Ventures team members found via web snapshots have been deleted.
The following content is derived from an investigative video by Nick O’Neil, CEO of BoDoggos Entertainment:
In this video, I aim to delve into Kelsier Ventures, which is still actively providing token issuance services, despite one of its founders, Hayden, currently facing risks and being embroiled in an international scandal. What I can understand today is the entire process of how Kelsier conducts token issuance, including fees, the company’s involvement in money laundering, token washing, and internal manipulation for friends and family. Next, I will switch to the computer screen to demonstrate my understanding of Kelsier Ventures and their current operational methods, gradually analyzing the four key components of Kelsier Ventures.
I interacted with team members to understand their actual charging and operational processes. First, Kelsier Ventures is still actively operating, and Hayden is currently in a location that has not been disclosed; while I have a general idea of where he is, I do not wish to reveal this information.
Today, I received a quote from the team, indicating that their core business model clearly remains discreet, and you will soon see the “launch and extract” process I mentioned, designed to extract as much money as possible from their tokens. When you pay for their services, they will discuss how to shuffle deploy and target “sniping.” I will elaborate on the fee structure later, but essentially, they aim for this entire process to go untracked and will engage in “money laundering” operations during the entry and exit processes.
Some may call it wire fraud; I am unsure how they would define it, leaving it to the judicial system to judge. However, from my understanding, it is essentially that.
They will also conduct market-making after the token issuance and provide various options. These include short-term operations, notably Melania, and long-term market-making, which requires them to use 20% of the tokens for market-making. The aforementioned “shuffling” process is carried out during these operations, from which funds are extracted.
Next, let’s look at pricing. In fact, the prices are relatively standard. If you have interacted with market makers in this field, you will find this straightforward. They will charge a 2% share of the tokens and plan to sell these tokens in the future.
I recently saw a leaked internal video that mentioned this ratio could be 1%. In fact, they may allocate this 2% share among different people, but regardless, they are charging this 2% token share and planning to liquidate a maximum of 1.1% daily. This means if you provide 2% of the tokens, with a service period of 20 days.
Calculating a daily service fee of $3,000 or charging 20% based on the amount you withdraw. If you ask them to sell $1 million today, they would charge a 20% service fee, amounting to $200,000. Therefore, the fee structure is based on higher amounts.
However, there is also a part regarding the costs of initiating these operations, which is a chart they use internally and provide to clients, reflecting today’s latest pricing.
I do not intend to delve into this here, as it is not important, but I will give an example. Suppose you want to set the market value of the token at $1 million and plan to conduct a 94% token “shuffle.” They typically execute this “shuffle” operation with each issuance, with the ratio generally between 85% and 97%. If you check the issuance of Melania tokens, you will find it aligns with this range. By this method, they essentially enter the market before it officially opens, effectively “rushing” ahead of all other buyers.
Taking a million-dollar market value as an example, suppose you spend 333.33 Sol to initiate this process; that amounts to 333.33 multiplied by $180, totaling $60,000, plus 20 Sol as an initial cost, and other fees, bringing the final cost to $63,500.
Why choose a higher market price? That may be due to high demand, wanting to start from a higher price point. Of course, for some smaller projects, the market pricing may be lower, but for larger projects like the Trump token and Melania coin, the prices will be higher, and their pre-shuffle ratio will be larger.
From my perspective, this practice could be considered almost illegal, but this is their structure. I suggest you look deeper into this chart to understand how they operate.
Finally, I want to mention a key point, which I will further demonstrate in the video. According to my sources, 90% of the “snipers” come from within Kelshear. They distribute tokens to friends or set operations for their bots. While I cannot confirm this, it appears to be how they operate, which is absurd.
As I said, they are still continuing these activities. The entire operational basis of the system is money laundering, early releases, and market-making, with short-term operations typical of “pump and dump” (like the Melania token), followed by long-term market-making, where it has also been mentioned in conversations between Hayden and Dave Portnoy that they will eventually use the profits to repurchase tokens, ultimately “dumping” them on the market.
Source: This article is reproduced with permission from Rhythm BlockBeats
Related Reports: “Argentine President Defends Not Promoting Meme Coins: The Losers Are Foreigners Who Know the Risks” “Libra Insider Hayden Davis Admits: Sniping Tokens at Launch, Previously Involved in Issuing MELANIA”
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