Arkham Intelligence Launches Crypto Data Marketplace Amid Privacy Concerns

Arkham Intelligence

Binance Launchpad is set to hold a token sale, offering 5% of the total ARKM token supply. This means that a portion of ARKM tokens will be available for purchase through the Binance Launchpad platform.

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Arkham Intelligence, an on-chain data provider, has recently launched a marketplace where individuals can engage in buying and selling on-chain cryptocurrency data. This platform provides a convenient way for users to access and trade valuable information related to cryptocurrencies stored on the blockchain.

The Arkham Intel Exchange, a newly introduced marketplace, will include its own native token called ARKM. This token has been specifically designed to enhance transparency on the blockchain by aiding in the identification of users and transactions. Its purpose is to provide a mechanism for reducing anonymity and increasing accountability within the cryptocurrency ecosystem.

The ARKM token will be made available for purchase through the Binance Launchpad. A total of 50 million tokens, equivalent to 5% of the overall supply, will be offered for sale. During the sale period, which spans from July 11 to July 17, each user will have the opportunity to buy up to $15,000 worth of ARKM tokens. This allows individuals to participate in the token sale and become part of the Arkham Intel Exchange ecosystem.

Arkham Intel Exchange Introduces Bounty Mechanism for Data Sourcing:

The newly launched Arkham Intel Exchange platform incorporates a unique bounty mechanism, enabling users to create and offer “bounties” for specific data they seek. In this system, blockchain researchers and investigators can actively search for and supply the desired information in exchange for the pledged bounty. This innovative approach encourages collaboration and incentivizes the sourcing of valuable data within the Arkham Intel Exchange community.

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In the past year, cryptocurrency hacks and exploits reached unprecedented levels, resulting in the theft of billions of dollars’ worth of digital assets from various sources such as cross-chain bridges, decentralized finance (DeFi) protocols, and exchanges.

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To combat this growing issue, Arkham has set out to incentivize on-chain research. By encouraging experts to conduct thorough investigations directly on the blockchain, Arkham aims to enhance security measures and mitigate the occurrence of crypto hacks.

However, some privacy advocates on Twitter have expressed concerns regarding this approach, raising important points for consideration.

Arkham Secures Significant Funding and Token Allocation:

Arkham has successfully raised more than $10 million through two rounds of equity financing, with its most recent equity round reaching an impressive $150 million, as reported on Binance’s research page. As for the token allocation, 5% of the total token supply will be available for purchase during the token sale.

Additionally, 20% will be allocated to core contributors, 17.5% will be distributed to investors, and 17.2% will be designated for the foundation treasury. These strategic allocations ensure the sustainable growth and development of the Arkham project.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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