- Ceyuan Ventures purchased 10M CHZ tokens throughout a non-public placement in February 2019.
- The Ventures’ 10 million tokens have been transferred to a Binance pockets in December 2019.
- The Beijing-based fund invested solely $200,000 in the course of the non-public placement.
Beijing-based enterprise capital agency Ceyuan Ventures was acknowledged as one of many main buyers within the sports activities and leisure blockchain mission Chillz. In a current revelation, a Chiliz promoter and educator with the Twitter id Playmaker revealed that roughly 10M CHZ tokens have been acquired by a pockets belonging to Ceyuan Ventures.
Playmaker’s revelation was enabled by an Arkham crypto deanonymization software that filters data on crypto trades and transactions. Utilizing Arkham, particulars like worth, token, time, and counterparty could be revealed and used to research crypto transactions.
Based on Playmaker, the pockets linked to Ceyuan Ventures acquired the required quantity of CHZ tokens from a Multi-Sig pockets belonging to Chiliz. The transaction occurred in 2019 in the course of the non-public placement program. This piece of knowledge on the date of the transaction helps the already-known truth about Ceyuan Ventures’ participation within the non-public placement.
The individuality of Playmaker’s revelation comes with the main points. Arkham’s software was in a position to filter out the precise quantity of tokens acquired. That helps to calculate the full worth of Ceyuan Ventures’ funding within the mission. At a non-public placement worth of $0.0215, 10 million CHZ amounted to $200,000.
Playmaker assumed this to be a small funding, contemplating the standing of Ceyuan Ventures. Nevertheless, he clarified that his investigation didn’t reveal extra tokens acquired by the buyers in one other pockets.
For the tokens acquired in the course of the February 2019 non-public placement, Playmaker found that they have been moved to a Binance pockets in December of the identical 12 months. The analyst didn’t observe additional to know if the tokens have been bought and when.
The remainder of the main points supplied by Playmaker have been subjective and based mostly on private deductions in line with market habits. He instructed that, like a number of different buyers, Ceyuan Ventures could have bought its CHZ tokens. He based mostly his opinion on the spectacular bull run of 2020/2021, throughout which CHZ climbed to $0.9, a worth too tempting to withstand.
Playmaker recognized different wallets nonetheless holding CHZ at non-public placement worth ranges. He promised to regulate these wallets whereas monitoring the Chiliz token financial system.