Arkham, a blockchain intelligence platform, announces the launch of the world’s first on-chain intelligence marketplace, the Arkham Intel Exchange. This new platform will connect buyers and sellers of information on any crypto wallet address securely and anonymously through smart contract technology.
Arkham’s Anonymous On-Chain Intel Exchange
Arkham Intel Exchange is designed to meet the growing demand for on-chain analysis from traders, investors, journalists, researchers, and protocols. The platform also aims to provide a way for talented on-chain sleuths to monetize their skills and experience, creating a decentralized intel-to-earn economy.
According to the announcement, Arkham Intel Exchange buyers can request and purchase information related to any on-chain activity, not limited to entity labels. For example, victims of an exploit may pool resources to capture the exploiter’s Intel, while a trading company may want to buy intel in their wallet before a competitor finds it.
Any information related to a crypto wallet address, such as transaction history, balance, and other on-chain activities, can be bought and sold on the Intel Exchange.
The platform aims to provide a liquid market for information, allowing on-chain sleuths to monetize their work at scale and meet the growing demand for on-chain intel in a scalable way. But how does the bounty system work?
The Arkham Intel Exchange bounty system is designed to connect buyers who need information on a crypto wallet address with bounty hunters who have the necessary intel. Buyers can post bounties by setting a reward for the information they need, and the reward can be in any cryptocurrency supported by the platform.
Once a bounty is posted, bounty hunters can claim it by submitting the requested intel. The bounty hunter who submits the required intel first is eligible to claim the reward set by the buyer.
To avoid spam, all bounty hunters must post a minimum amount, which will be deducted if their submissions are not approved. Additionally, any intel bought or sold on the Intel Exchange will be held exclusively by the acquirer for 90 days. After that, the information will be distributed to all users, ensuring the decentralization of the on-chain community knowledge in the long run.
After the 90 day hold, the information is added to the Arkham platform and provided to the wider Arkham community. This ensures the decentralization of on-chain knowledge to the community in the long run.
The Arkham Intel Exchange will go live on Tuesday, July 18, and all transactions on the platform will take place through smart contracts audited by Arkham’s partner, Quantstamp.
Arkham Token Sale Continues on Binance Launchpad
Binance Launchpad, the token launch platform of cryptocurrency exchange Binance, has announced its partnership with Arkham for the public token sale of its native token ARKM. This marks the 32nd project to feature a token sale on Binance Launchpad.
The ARKM token sale will follow Launchpad’s subscription format, which will record user’s Binance Coin (BNB) balances for six days starting July 11, 2023. The final BNB holding amount for each user will be determined as an average of six days, using the Daily Average BNB Balance calculation previously announced by Binance.
The ARKM token sale is set to have a hard cap of $2.5 million, with a hard cap per user of $15,000 (or 300,000 ARKM). The total token supply for ARKM is set at 1 billion, with 5% (or 50 million ARKM) allocated for the Binance Launchpad.
The public token sale price for ARKM is $0.05 per token, with the BNB price to be determined prior to subscription. The subscription timeline is set to take place from July 17 to July 18, with the subscription period opening for all eligible users in a 24-hour period.
Featured image from Unsplash, chart from TradingView.com
