Several projects reaped 200 million yuan? Insiders reveal how Kelsier Ventures delivered the money

On January 31, Argentine President Milei posted a tweet on his X account saying: "He is providing me with advice on the impact and application of blockchain technology and artificial intelligence in the country," and attached a photo of him with a young man wearing a suit and glasses. This person is Hayden Mark Davis, a key figure in the LIBRA token issuance controversy. Who is Hayden Mark Davis? Hayden Mark Davis' 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 of unclear industry (although there is an Italian brand of the same name, belonging to the urban fashion sector); and according to Davis, he started his own business called Leaders Elevate in August 2017. If you search for this latter company on Google, one of the results points to a coaching-focused company, and its founder is another person named Tom Davis, who lives in Barcelona. Hayden Mark Davis' personal account still cannot reveal his story. The last photo was uploaded by Javier Milei from the presidential palace, and another one dates back to February 2022, showing the young man and several other people named Davis, with Thomas Davis and Gideon Davis appearing as CEO and co-founder of Kelsier, respectively. This account is currently locked as a private account. Unveiling the Operations of Kelsier Ventures The following content is from an investigative video by BoDoggos Entertainment CEO and journalist Nick O'Neil: In this video, I want to delve into Kelsier Ventures, who are still actively providing token issuance services, even though one of their co-founders, Hayden, is currently facing risks and embroiled in an international scandal. What I was able to learn today is the entire process of how Kelsier conducts token issuances, including fees, how the company is involved in money laundering, token laundering, and internal manipulation for friends and family. Next, I will switch to the computer screen to show my understanding of Kelsier Ventures and their current modus operandi, step by step analyzing the four key components of Kelsier Ventures. Dumping I interacted with the team members and learned about their actual charging and operation process. First of all, Kelsier Ventures is still actively operating, and Hayden is currently in an undisclosed location, although I have a rough idea of his whereabouts, but I don't want to make that information public. Today I received a quote from the team, and their core business model is obviously still low-key, and you will soon see the "launch and extraction" process I mentioned, which is designed to extract as much money as possible from their tokens. When you pay for their services, they will discuss how to conduct shuffling deployments and "sniping" targeting. I'll go into more detail on the fee structure later, but fundamentally, they want this whole process to be untraceable and will engage in "money laundering" operations in the in-and-out process. Some may call it a wire fraud, I don't know how they would define it themselves, leaving it to the judicial system to judge. But from my understanding, it's basically like that. They will also do market making after the token issuance and provide different options. This includes short-term operations, the famous one being Melania, and long-term market making, which requires them to use 20% of the tokens for market making. The "shuffling" process I mentioned earlier is completed in these operations, and then funds are extracted from them. Pricing Next, let's look at the pricing. The pricing is actually quite standard. If you've had contact with market makers in this field, you'll know it's very straightforward. They will charge a 2% token share, and plan to dump these tokens in the future. I saw in a recently leaked internal video that this ratio may be 1%. In fact, they may allocate this 2% share to different people, but in any case, they are collecting this 2% token share and plan to liquidate up to 1.1% of it per day. That is, if you provide 2% of the tokens, and the service period is 20 days. Calculated at a service fee of $3,000 per day, or 20% of the amount you withdraw. If you ask them to sell $1 million today, they will charge a 20% service fee, which is $200,000. So the fee structure is based on the higher amount. However, there is also a cost to initiate these operations, this is an internal chart they use and provide to clients, this is the latest pricing today. I don't want to go into too much detail here, as it's not that important, but I'll give an example. Suppose you want to set the token market cap at $1 million, and plan to conduct a 94% token "shuffling". They usually perform this "shuffling" operation during each issuance, with a ratio generally between 85% and 97%. If you look at the Melania token issuance, you'll find it fits this range. In this way, they are actually entering the market before it officially opens, basically "jumping the gun" on all other buyers. For a $1 million market cap example, suppose you spend 333.33 Sol to initiate this process, that's 333.33 times $180, a total of $60,000, plus an initial cost of 20 Sol, plus other fees, the final cost is $63,500. Why choose a higher market pricing? It may be because the demand is high, and they want to start at a higher price. Of course, for some smaller projects, the market pricing is lower, but for larger projects like the Trump token and Melania coin, the prices are higher, and their pre-shuffling ratio is also larger. From my perspective, this practice can almost be considered illegal, but this is their structure. I suggest you take a closer look at this chart to understand how they operate. Finally, I want to mention a key point, and I will further demonstrate it in the video. According to my sources, 90% of the "snipers" come from within Kelsier. They distribute tokens to friends, or set up bots to operate for themselves. Although I cannot confirm this, but it seems this is how they operate, which is simply outrageous. As I said, they are still continuing to do these things. The fundamental basis of the entire system is money laundering, front-running, market making, short-term being the typical "pump and dump" (like the Melania token), and then long-term market making, as mentioned in the conversation between Hayden and Dave Portnoy, they will eventually use the money they earned to buy back the tokens and ultimately "dump" them in the market.