Another USD 35 Million BAT-s**t ICO 99.9995827118343% Over In Less Than 1 Minute

The first transaction 0x64438300… was submitted in block 3798640 at May-31-2017 02:24:35 PM +UTC.

From batICOData.tsv, 99.9995827118343% of the 156250 ETH was contributed in the first 3 blocks to 3798642 at Wed, 31 May 2017 14:25:29 UTC.

The last non-zero transaction 0x62901c72… was executed in block 3798720 at Wed, 31 May 2017 14:42:47 UTC.

The ICO was mainly over in less than a minute, and raised 156,250 ethers (~USD 35,957,812.50 @ $230.13/ETH). A total of 1,500,000,000 tokens were created.

366,350,000 tokens were allocated to the BATFund at 0x88e2efac3d2ef957fcd82ec201a506871ad06204 before the ICO commenced. This is after 133,650,00 tokens have already been moved from the BATFund to 0x67fa2c06c9c6d4332f330e14a66bdf1873ef3d2b – the total tokens reserved for the BATFund is 500,000,000 (33.33% of total supply), as can be seen in the smart contract code below. None of these BATFund tokens are frozen for any period of time.

And the 156,250 ethers have been moved to the ETHFundDeposit at 0xac2fa512db158f44f5ee2fa5766ea7c282763cdb in transaction 0x9c15ab19….

From the token smart contract source code, each 1 ETH will purchase 6,400 BAT tokens. 1 ETH = 6,400 BAT. So 1 BAT = 0.00015625 ETH.

At an ETH/USD rate of 230.13, 6,400 BAT = 230.13 . So 1 BAT = 0.0359578125 USD.

At the current ETH/BTC rate of 0.10027100, 6,400 BAT = 0.10027100 BTC. So 1 BAT = 0.00001566734375 BTC.

Following are a few of the complaints in the forums about the Basic Attention Token ICO:

And from 0x0D8775F648430679A709E98d2b0Cb6250d2887EF:

From, the top 100 holders collectively own 99.00% (1,484,982,091.00 Tokens) of BAT, out of 201 token holders:

And from, the top token holder is the BATFund that owns 366,350,000 tokens (24.42333%), followed by the next token holder holding 133,650,000 tokens (8.91%), but this is part of the BATFund. The 3rd largest token holder holds 131,343,494.4 tokens (8.75623%) funded by 20,522.421 ETH (~USD 4,646,070.89) in transaction 0x06e61f46… :

The source code for the smart contract at 0x0D8775F648430679A709E98d2b0Cb6250d2887EF follows:


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