Argentine President Mile met with cryptocurrency controversial figure Hayden Mark Davis, which attracted attention. The president posted a photo with Davis on social media, saying he had advised on the application of blockchain and artificial intelligence in the country's development.
Hayden Mark Davis Background Check
Davis' LinkedIn information shows that he has served as CEO of Kelsier since 2020 and founded Luxury Drip (industry unknown). He claimed to have been engaged in entrepreneurial activities since 2017 and runs Leaders Elevate, but the online search results point to another person of the same name. Davis' personal social media account is currently set to private.
(Picture: Kelsier Ventures deleted team member information found based on network snapshots)
Analysis of Kelsier Ventures Operation Mode
According to the investigation video of Nick O'Neil, CEO of BoDoggos Entertainment, Kelsier Ventures continues to provide token issuance services, and its operating model is controversial. The model is described as “launch and extract” and aims to maximize profits.
Token issuance process and fees
Kelsier Ventures charges 2% tokens as a service fee and plans to sell them in the future. In addition, they also conduct market manipulation, including short-term operations (such as Melania tokens) and long-term market making. The cost structure varies according to the project size, and large-scale projects cost more.
(Picture: Kelsier Ventures token issuance fee structure chart)
Internal operations and risks
O'Neil pointed out that Kelsier Ventures internal personnel participated in the token "shuffle" and "sniper" to allocate to relatives and friends or robot accounts. This operating model is suspected of money laundering and market manipulation, and poses serious legal risks. Its model involves "snatching" other buyers and ultimately "dumping" tokens in the market.
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