BAT Team FRAUD

[Anonymous No.20001015]

In the BAT ICO distribution section, 1 Billion was to be sold to the public, 300M was meant to be kept by the team for the “user growth pool” and 200M was kept by the team for “development”

https://medium.com/blockchannel/a-look-at-the-bat-token-distribution-771d163393f3

If you look at the numbers on Compound, at the time of writing, 60,041,113,351 cBAT have been minted. 1 BAT equals 49.153 cBAT. This means 1,221,500,025.67 BAT are being loaned through Compound right now. A shocking 82.89% of all circulating BAT is on Compound. 81.43% of the TOTAL SUPPLY.

https://compound.finance/markets/BAT

The team is using the “user growth pool” and “development fund” to speculate, generate COMP tokens, or receive interest payouts to line their own pockets. This is a blatant, greedy, and appalling misuse of company funds meant to further and grow the protocol. Who knows what kind of destruction this could do to the BAT market if something goes wrong.

First we have the referral link bullshit, now this? The BAT team clearly is putting personal gain ahead of their project and their investors.

[Anonymous No.20001022]

>>20001015
Just sold all my BAT for VRA right now thanks anon thanks

[Anonymous No.20001027]

couldn't care faggot get a loyfe

[Anonymous No.20001036]

>>20001027
If you didn’t care you wouldn’t comment loser.

[Anonymous No.20001053]

>>20001015
DR;NS

[Anonymous No.20001058]

>>20001015
>The team is using the “user growth pool” and “development fund” to speculate, generate COMP tokens, or receive interest payouts to line their own pockets

sure thing schizo. Prove the team is doing that, you fucking dumbass pajeet. Oh yeah, you can't because you pulled it out of your ass

Brave/BAT is one of the most legitimate teams in the entire crypto space. They're essentially the only ones with a working project. Shut the fuck up you retarded faggot.

[Anonymous No.20001066]

>>20001053
Don’t care, your about to get DUMPED on by the 82% of BAT supply about to be sold short. If you aren’t short selling this you are an idiot, this is a clear fraud

[Anonymous No.20001075]

>>20001058
Are you stupid? 1.22B tokens are being loaned out on Compound, the public only could buy a maximum of 1B. The team is obviously fucking lending their development stash

[Anonymous No.20001079]

>>20001066
yeah right bucko

[Anonymous No.20001080]

people are levering up by supplying their own borrowed BAT, so the numbers are skewed. Much of the BAT being supplied is from borrowed BAT... I doubt the BAT team is speculating with the user growth pool and development fund. They've been pretty transparent with everything so far.

[Anonymous No.20001092]

>>20001015
based and retard pilled.

[Anonymous No.20001098]

>>20001080
That would make sense if their wasn’t and 88% utilization rate. 88% utilization means that it is almost all out on a loan, not being supplied, being borrowed.

[Anonymous No.20001099]

>>20001015
i'd doubt compound totals first lol

[Anonymous No.20001100]

>>20001080
You're right and OP knows this. He's just trying to trigger a dump will which trigger a short squeeze because BAT lenders are over-leveraged. It's pretty good fud, hard to dispute if for brainlets who don't understand yield farming.

[Anonymous No.20001101]

>>20001015
They kept 50pct of the supply? Why do all these shitty erc20 tier assets try to pull a distribution scam

[Anonymous No.20001112]

>>20001080
There’s still an awful lot of bat on compound. How can they leverage the equivalent of 85% of the total market cap of bat on compound? It’s insane

[Anonymous No.20001114]

>>20001099
You can verify it on the blockchain, why is everybody being so fucking delusional. The numbers are clear as day, the team is committing fraud.

[Anonymous No.20001121]

>>20001075
your numbers are totally off you stupid fucking retard. And you objectively can't prove this is what the Brave/BAT team is doing; you're just speculating based on your fucked up retarded stats that are incorrect. Keep crying about BAT though.

[Anonymous No.20001127]

Could've used a better pic op how do we know you've lurked here

[Anonymous No.20001134]

>>20001099
shhh, he thinks he's figured out a giant scam in the crypto space that will shake it down to its foundation. Also checked.

[Anonymous No.20001137]

>>20001121
The numbers are not off, your just making shit up calculate it yourself, show your work.

[Anonymous No.20001147]

>>20001137
lmao even a retard can see you fucked up your math ya fuckin' schizo.

[Anonymous No.20001154]

>>20001121
>>20001134
Go ahead and calculate it yourself, idiots. You are denying reality.

[Anonymous No.20001170]

>>20001147
Then prove it.

Is this already being damage controlled or are you all idiots?

[Anonymous No.20001193]

DELETE THIS

[Anonymous No.20001199]

>>20001154
>>20001170
lmao you idiots can't even see the remedial math level error you faggots made. hahahahahahahahaha! Run the numbers again retard-o!

[Anonymous No.20001229]

this is crypto for you, some fudders here.. you definitely have an incentive for BAT to dump....sad thing is it might be working for the non-DYOR retard crowd.

[Anonymous No.20001240]

>>20001154
>>20001170
buy 10 BAT
deposit into compound
loan 2 BAT from compound
deposit 2 BAT into compound

how many BAT are deposited into compound? what is the utilization rate of the pool? what percentage of all outstanding BAT is deposited in compound?

>>20001229
yeah it is actually pretty good fud. requires intelligence and familiarity with defi to see through it, which rules out most people here.

[Anonymous No.20001246]

>>20001240
You can’t borrow from your loaned collateral

[Anonymous No.20001292]

>>20001246
yes you can, using different wallets, or save yourself the pain and use instadapp

[Anonymous No.20001315]

>>20001292
DeFi is so dumb

[Anonymous No.20001449]

>>20001101
Except quant. 2 million in the pockets of the team & advisors etc. and 12 million publicly traded

[Anonymous No.20001478]

>>20001240
The numbers do not hold up to this theory. BAT has 8,200 supplies and 800 borrowers. If this was happening they would be about equal.

[Anonymous No.20001563]

Proof /biz is full of sub 50iq retards. Theres 140m BAT in the compound smart contract. It takes two seconds to find on etherscan. The UGP and custodial accounts have not moved.

Someone is probably over leveraged on a short that's about to go south real quick.

[Anonymous No.20001570]

>>20001449
Holding 1/7th of the token supply is still a distribution scam.

[Anonymous No.20001584]

>>20001563
>calling somebody a sub 50iq retard and believing that borrowed tokens would be in Compounds address

You are the idiot man, borrowed BAT go to personal addresses. Those bat are the bat not out on loan. The utilization rate is 88% that even further solidifies 1.2B BAT are currently being loaned out on compound.

[Anonymous No.20001606]

>>20001570
Less scam than every other top 10 project

[Anonymous No.20001654]

>>20001570
>Sergey laughs in 650 million tokens

[Anonymous No.20001730]

>>20001584
Lmfao so 140m went in and 1.2b came out yet the token distribution has remained the same? I cannot believe how retarded you are.

[Anonymous No.20001756]

>>20001730
You are so dumb. 1.2B went in, 1.06B went out on loan, 140M remains in the compound address not on loan. Stop flaunting your idiocy.

[Anonymous No.20001965]

>>20001756
Take your meds schizo

[Anonymous No.20002039]

>>20001965
You are DUMB, nice diversion. Word is getting out, question is are you?

[Anonymous No.20002048]

Sage

[Anonymous No.20002074]

>>20001478
Not necessarily, a bunch of smaller holders could be loaning out their BAT on Compound and not using it as collateral to borrow against.

If you can find the link between the UGP and Compound you can be sure:

https://etherscan.io/token/0x0d8775f648430679a709e98d2b0cb6250d2887ef?a=0x7c31560552170ce96c4a7b018e93cddc19dc61b6

[Anonymous No.20002153]

>>20002074
Its already been done. Expect an article tomorrow. Washing through burner addresses and exchanges into Compound.

[Anonymous No.20002220]

>>20002153
Could you show the trail? It seems much more plausible that people are just loaning the same coins multiple times. Plus there's incentive as lots of people want to farm the Compound token given it's big price increase in the last couple weeks.

So long as the interest price is less than the amount you gain from getting Compound tokens, you can technically make money just from:

Collateralizing your BAT > Receiving BAT loan > Moving that BAT to another address > Collateralize that BAT (the same BAT already in the Compound system) > Borrow more BAT against it > etc.

Which would inflate the total # of BAT in the Compound system.

[Anonymous No.20002229]

>>20002220
>It seems much more plausible that people are just loaning the same coins multiple times.

ITS THIS.

Expect BAT PUMP to squeeze out borrowers. Can't wait.

[Anonymous No.20002302]

>>20002220
Can’t show the trail, its been scooped. I’m telling you /biz/ this is actually a happening you are aware of before it happens. You can be idiots and deny the reality of the math if you’d like.

It is fairly easy to find it yourself, you won’t be able to see into exchanges though which is where they wash. It goes dev fund-> exchange -> out, removed direct blockchain link, but you can find them again if you know what you are doing. Once its out it may be split or tumbled a few more times then it goes to compound.

>>20002229
88.45% of the 82% of the total supply is out on loan, this is not what is happening.

[Anonymous No.20002334]

>>20002302
You are so desperate. I can small the rat on you.

[Anonymous No.20002385]

BAT defense force ITT is sad. i never get what your type tries to accomplish. OP makes a post, most people might go "huh" and move on. but you reply, bump the thread, all bystanders can see your dumb logic and now OP sounds more convincing
if the average IQ of crypto investors wasn't in the 90s, i'd assume this is OP on a proxy to make his argument stronger by comparison

[Anonymous No.20002395]

>>20002229
I suppose there technically would be incentive to squeeze the shorts, but it would have to be someone with access to Compound's liquidation market (via API I'm guessing? idk).

They'd then be able to buy the defaulted BAT for 5% under the price of BAT (averaged across three exchanges). I assume most people who have access to the liquidation stuff would then instantly turn around and sell on their exchange of choice though, thus creating downward pressure. Plus as the borrowers get liquidated the interest rate will drop, thus creating more downward pressure. I'm skeptical that there will be a squeeze, though it's possible (or I might be missing something).

>>20002302
No need for name calling, just trying to reason the most logical outcome here. I think I was talking with you in the other thread for awhile. DeFi is still very new so learning the ins-and-outs is an ongoing process.

But remember - just because 1.2b total tokens are in Compound's system doesn't technically mean that 1.2b out of BAT's 1.5b coins are tied up. Let me show you an example:

https://etherscan.io/token/0x0d8775f648430679a709e98d2b0cb6250d2887ef?a=0x6479be2a6c7decd87c670286affa7789f6b3852e

Notice how the coins keep bouncing back and forth? This address appears to have collateralized 1.2m coins, received 200k coins on loan, and then immediately turned around and loaned those coins back to Compound. That means of his original 1.2m BAT that he deposited into Compound, it's now counting them as 1.4m despite only 1.2m BAT actually being utilized.

>>20002385
If there's a flaw in anything I'm saying please let me know. I don't mind being wrong, I just want to know how I'm wrong.

[Anonymous No.20002452]

>>20002220
That would be my first thought, it seems far more likely than the developpers screwing everyone else.
However it looks really bad...

[Anonymous No.20002479]

>>20002395
Not sure if you meant to reply to me or not there, wasn’t calling you any names. I just told you how to find the washing, go to the ugp or dev addresses and look at the movement of coins into exchanges. If you are talented you can spot some coming out, there is a pattern. I am telling you this is happening and is coming out soon.

You cannot borrow and supply 84% of the total supply by leveraging your borrowing, this accounts for a small percentage of the total number. If you assume all 1B of retail tokens is Leverage lending on Compound, the borrow:supplier ratio would be near equal, it is 10:1

[Anonymous No.20002493]

>>20002479
So short BAT?

[Anonymous No.20002661]

>>20002493
It is your money, you decide what you do with it

[Anonymous No.20002676]

>>20002493
No. He has been saying "soon" for a week now. The last time he said "soon" and that "the big short is finally coming" BAT was sitting at $.23. Its $.26 now. Hes underwater as fuck on binance and hes scrambling to paint a false narrative. All that's happening is over leveraged people are farming the shit out of COMP and they are paying millions of BAT in interest each day as long as it remains profitable. Go long on BAT.

[Anonymous No.20002690]

>>20002676
What are you talking about? This information has never been posted anywhere, before now

[Anonymous No.20002735]

>>20002690
A week ago all the BAT haters were saying that whales were borrowing tons of BAT so they could do the biggest short of all time. Same tired narrative with a twist. Oh but this time Brave is in on it and using the UGP. Top kek

>yeah just keep waiting dude, I have information coming in at an undisclosed time that brave is moving ugp funds to the contract.

[Anonymous No.20002778]

>>20002479
I'm not particularly skilled when it comes to parsing and filtering thousands of transactions through exchanges. Are there any specific examples? With timestamps or something?

But I don't quite understand why you couldn't borrow and supply 1.2b from a much smaller pool. Moreover, what would people do with the BAT they borrow? If they were selling we'd see big volume changes. And if they aren't selling them then certainly they would just put them back into Compound so they could farm more tokens. There's no incentive to borrow the tokens and just sit on them, you'd either need to borrow and sell or borrow and re-lend in order to farm the Compound token.

https://etherscan.io/token/0x0d8775f648430679a709e98d2b0cb6250d2887ef?a=0x6e9fe041e0ba8c2af35215d900d188d53d7a9b41

https://etherscan.io/token/0x0d8775f648430679a709e98d2b0cb6250d2887ef?a=0x7329e4350d7381c6203bfb37f531230108ac3fa0

Another example of one individual repeatedly transferring BAT between two addresses to farm Compound tokens.

There are just so many etherscan examples of people clearly farming Compound yields. These same tokens are being counted God knows how many times by Compound's 'gross supply' counter.

[Anonymous No.20002785]

>>20002735
I don’t care that you don’t believe it, you’ll see it tomorrow or Tuesday. I don’t know what you are talking in regards to “bat haters.” I’m doing a favor to every retail holder by letting them know before it gets out and i’ve provided mathematical proof. Brave isn’t in on some big short, they are misusing their developer funds and padding their own pockets at your expense. Truths coming wether you want to acknowledge it or not, i don’t care its not for you then.

[Anonymous No.20002820]

>>20002778
Many of the BAT team addresses are doing exactly this, this could be one. I’m not here to convince you, i’m just letting everybody know, do what you will with the information.

[Anonymous No.20002824]

>>20002785
Oh yeah that truth is coming. Just keep waiting. Cant wait for some truther to show us his schizo diagram today or tomorrow. It cant be right now though. At a future date you will see. Just you keep on waiting. Better sell now before one of those dates because on one of those dates its coming.

[Anonymous No.20002868]

>>20002820
But the evidence you use to claim that BAT is misusing the UGP (Compound's gross supply counter) is the exact same thing that's clearly being manipulated by reloaning the same tokens repeatedly while farming Compound.

If you have evidence of BAT from the UGP moving into Compound please provide it. Please no more 'if you're smart you can find it', just show us the transactions.

In fact, in the last month less than 10m BAT has left the UGP wallet. What are the addresses of the Brave fund that they are supposedly laundering and then putting on Compound?

[Anonymous No.20002871]

>>20002778
There are ~8,600 lenders supplying 1.2B BAT tokens and ~860 borrowers borrowing 1.04B tokens. In this case each lender would be lending 140K BAT while each borrower would be borrowing 1.2M BAT tokens. Do the math, on the borrower:lend ratio.

[Anonymous No.20002881]

>>20002868
I told you it is scooped, you’ll see it in 1-2 days, I’ve done my part. Do what you want with it or explain it away, it is inconsequential to me.

[Anonymous No.20002970]

>>20002871
The borrower to lend ratio is irrelevant though. There are lots of small holders who are lending and a few big players who are borrowing. Plus those borrowers can just as easily use other crypto as collateral to borrow BAT so they can stay long in their current positions while still farming Compound.

Averages don't explain or prove anything.

Only 10m BAT has left the UGP fund in the last month. Can you explain that? Or is that also "scooped".

And why did your user ID change since making this thread?

[Anonymous No.20003072]

>>20002970
>bro you will see in two or so days bro. Just sell right now bro. Why cant you believe me bro. Just do the math bro and you will find out in two days bro. The proof is there bro and it will be here in two days so come on and just sell right now bro please.