More than 3B $CHZ (35% of TS) were distributed in @Chiliz's private placement in 2018/19.
Although a public list of investors exists, it's mostly unclear which entity received how many tokens.
Thanks to @ArkhamIntel, we might now know one of them and their allocation. (1/7) 🧵
Although a public list of investors exists, it's mostly unclear which entity received how many tokens.
Thanks to @ArkhamIntel, we might now know one of them and their allocation. (1/7) 🧵
Arkham has labelled *Ceyuan Ventures* as owner of:
0xe4400aa01dfad1d30ff711d27f0e02bbf5b881be
This wallet has received #CHZ from the #Chiliz Multi-Sig Wallet in Feb 2019 at the PP.
2/7
0xe4400aa01dfad1d30ff711d27f0e02bbf5b881be
This wallet has received #CHZ from the #Chiliz Multi-Sig Wallet in Feb 2019 at the PP.
2/7
Ceyuan Ventures (CV) is a well known Beijing-based early stage venture capital firm.
Their participation in $CHZ PP is nothing new, only the amount has remained unclear.
Assuming Arkham has done their research right and the wallet does belong to CV, we now know more.
3/7
Their participation in $CHZ PP is nothing new, only the amount has remained unclear.
Assuming Arkham has done their research right and the wallet does belong to CV, we now know more.
3/7
Ceyuan Ventures has received ~10m $CHZ which is a rather small invest of $200k at a pp price of $0.0215.
It remains unclear to me whether CV has received additional tokens to other wallets.
Since we don't know, we'll focus on these tokens.
4/7
It remains unclear to me whether CV has received additional tokens to other wallets.
Since we don't know, we'll focus on these tokens.
4/7
After Ceyuan got the #CHZ in Feb 19, they moved them to #Binance in Dec 19.
We can't further track if/when CV sold them, but CEX deposits often mean just that sooner > later.
Since CHZ traded at $0.0076 at the time, i.e. below PP price, they likely sold later than Dec 19.
5/7
We can't further track if/when CV sold them, but CEX deposits often mean just that sooner > later.
Since CHZ traded at $0.0076 at the time, i.e. below PP price, they likely sold later than Dec 19.
5/7
IMO, majority of $CHZ PP tokens has been sold in the 2020/21 bull market *at the latest* incl. CV.
ROI must have been too tempting, as CHZ mooned from $0.0215 up to $0.90.
But: As there are some wallets left holding millions at low PP-prices, I'll keep an eye on those.
6/7
ROI must have been too tempting, as CHZ mooned from $0.0215 up to $0.90.
But: As there are some wallets left holding millions at low PP-prices, I'll keep an eye on those.
6/7
Interestingly enough, Ceyuan Ventures is also a shareholder of Mediarex Group.
Mediarex is the holding company of @Chiliz & @socios, which is 76% owned by @alex_dreyfus.
Given these ties I was surprised about CVs little allocation, yet found this piece worth sharing. 🫡
7/7
Mediarex is the holding company of @Chiliz & @socios, which is 76% owned by @alex_dreyfus.
Given these ties I was surprised about CVs little allocation, yet found this piece worth sharing. 🫡
7/7
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