Thread by @Foudres_

$BHAT TICKET ON CHAIN ANALYSIS [Thread]

Like the last Elrond Launchpad $ITHEUM, some whales have found a way to farm @blackhatnetwork tickets for their incoming Launchpad
But this time i feel its a bit different, let me explain why

RT highly apreciate to inform #Bhero Holders

Explorer Ressources used :

BHAT Tocken : explorer.elrond.com/tokens/BHAT-c1…

Ticket distribution contract : explorer.elrond.com/accounts/erd1q…

Let's start with the first $BHAT Whale which holds atm 38k tokens, 1 ticket is worth 1388 tokens therefore equivalent to 28 tickets

He won 4 tickets with this account and just after the token released, he moved the other 24 tickets from his others accounts, in comparison with $ITHEUM cheater who use 1K wallets for farming, this one only used 7 other accounts

The Whales used 2 other main account where i have already stacked egld, and the other 5 one looks like this :

500 egld delegate to be eligible at tier 2, but not in MG stacking who increase claimable ticket, so 15 ticket can be claimed

he win between 1 ticket and 5 tickets

In comparaison the second bigger whales is fully legit, he won 3 tickets and then just buy like a degen on @jexchangeP2P

I check all first page holder :

Green = Legit, 1 account eligible for ticket, other coin buy on @jexchangeP2P
Red = Farm tickets with several account
Both = Farm tickets and buy on Jex

@jexchangeP2P The main difference $BHAT and $ITHEUM is that no one use huge number of account, when whales has cheated, they uses between 3 and 15 account, for Itheum, some buyed ticket with several hundred wallets

I don't know if the KYC was more secured on this launch, but maybe it's just the demand who is lower and risk higher so whales don't want to farm so much ticket like for Itheum Launch

I can't form a real opinion on the macroscopic benefits or harm for all holders, you know, every project need his whales and maybe they will buy less coin if they can't have a lot of tickets

Ofc if they just want to dump at the launch, it's not good

But if they hold, it reduces the sell pressure of the token.

Currently KYC is problematic because it does not prevent this kind of practice and crypto space have to find a solution

There will always be people who will take the KYC from a friend or other people, I don't think we can avoid this, but when it's more than 5 wallets, it's that there is either KYC purchases like on @OthersideMeta Land either weaknesses in KYC verifiers and we can fight this

Thanks @mvgrigoras for your answer, the fact is that few wallets have managed to buy more tickets than allowed compared to Itheum, you did an amazing job! KYC processes are improving day by day

https://twitter.com/mvgrigoras/status/1521105812424433670?s=20&t=Nu1l7-03KIg2Xj7itAyVag