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”
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.
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.
Just sold all my BAT for VRA right now thanks user thanks
Caleb Foster
couldn't care faggot get a loyfe
Jaxon Taylor
If you didn’t care you wouldn’t comment loser.
Jackson Baker
DR;NS
Asher Martin
>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.
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
Jace Clark
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
Colton Young
yeah right bucko
Connor Taylor
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.
Caleb Collins
based and retard pilled.
Bentley Gonzalez
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.
Adrian Cooper
i'd doubt compound totals first lol
Ryan Barnes
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.
Jason Jones
They kept 50pct of the supply? Why do all these shitty erc20 tier assets try to pull a distribution scam
Kayden Phillips
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
Joshua Anderson
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.
Dylan Cooper
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.
lmao you idiots can't even see the remedial math level error you faggots made. hahahahahahahahaha! Run the numbers again retard-o!
Camden Clark
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.
Kevin Morris
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?
yeah it is actually pretty good fud. requires intelligence and familiarity with defi to see through it, which rules out most people here.
Dominic Nguyen
You can’t borrow from your loaned collateral
Ryan Walker
yes you can, using different wallets, or save yourself the pain and use instadapp
