- Ceyuan Ventures purchased 10M CHZ tokens throughout a personal 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 throughout the personal placement.
Beijing-based enterprise capital agency Ceyuan Ventures was acknowledged as one of many main buyers within the sports activities and leisure blockchain undertaking Chillz. In a latest revelation, a Chiliz promoter and educator with the Twitter id Playmaker revealed that roughly 10M CHZ tokens have been obtained 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 will be revealed and used to investigate crypto transactions.
In keeping with Playmaker, the pockets linked to Ceyuan Ventures obtained the desired quantity of CHZ tokens from a Multi-Sig pockets belonging to Chiliz. The transaction occurred in 2019 throughout the personal placement program. This piece of data on the date of the transaction helps the already-known reality about Ceyuan Ventures’ participation within the personal 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 obtained. That helps to calculate the whole worth of Ceyuan Ventures’ funding within the undertaking. At a personal placement value 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 obtained by the buyers in one other pockets.
For the tokens obtained throughout the February 2019 personal placement, Playmaker found that they have been moved to a Binance pockets in December of the identical 12 months. The analyst didn’t monitor additional to know if the tokens have been bought and when.
The remainder of the main points offered by Playmaker have been subjective and primarily based on private deductions in response to market habits. He instructed that, like a number of different buyers, Ceyuan Ventures could have bought its CHZ tokens. He primarily based his opinion on the spectacular bull run of 2020/2021, throughout which CHZ climbed to $0.9, a value too tempting to withstand.
Playmaker recognized different wallets nonetheless holding CHZ at personal placement value ranges. He promised to keep watch over these wallets whereas monitoring the Chiliz token economic system.