Arkham’s New Crypto Intel Trading Platform: A Game Changer For Traders?

Arkham, a blockchain intelligence platform, announced Launch of Arkham Intel Exchange, the world’s first on-chain intelligence marketplace. This new platform will securely and anonymously connect buyers and sellers of information on any crypto wallet address through smart contract technology.

Arkham’s anonymous on-chain intel exchange

The Arkham Intel Exchange is designed to meet the growing demand for on-chain analysis from traders, investors, journalists, researchers, and protocol experts. The platform aims to provide a way for talented on-chain spies to monetize their skills and experience, thereby creating a decentralized intel-to-earn economy.

Per the announcement, buyers on the Arkham Intel exchange can request and purchase information related to any on-chain activity, including but not limited to entity labels. For example, victims of an exploit may pool resources to gain intel on the exploiter, while a trading firm may want to purchase intel from its 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 marketplace for information, allowing on-chain spies to monetize their work at scale and meet the growing demand for on-chain intel in a scalable manner. But how does the reward system work?

The bounty system on the Arkham Intel Exchange is designed to connect buyers who need information on crypto wallet addresses with bounty hunters who have the necessary intel. Buyers can post a reward by setting a reward for the information they need, and the reward can be in any of the cryptocurrencies supported by the platform.

Once a bounty is posted, bounty hunters can claim it by submitting the requested information. The bounty hunter who first submits the required information is eligible to claim the reward as decided by the buyer.

To prevent spam, all bounty hunters are required to stake a small amount, which will be deducted if their submission is not accepted. Additionally, any Intel bought or sold on the Intel Exchange will be held exclusively with the acquirer for 90 days. After that, the information will be broadcast to all users, ensuring decentralization of on-chain knowledge for the community in the long run.

After the 90-day holding period expires, the information is added to the Arkham Platform and made available to the wider Arkham community. This ensures decentralization of on-chain knowledge for the community in the long run.

The Arkham Intel Exchange will go live on Tuesday, July 18, and all transactions on the platform will be via smart contracts audited by Quantstamp, Arkham’s partner.

Arkham Token Sale Goes Live on Binance Launchpad

Binance Launchpad is the token launch platform for cryptocurrency exchange Binance announced Its partnership with Arkham for a public token sale of its native token, ARKM. It is the 32nd project on the Binance Launchpad to feature a token sale.

The ARKM token sale will follow the Launchpad subscription format, recording user 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 hard cap for ARKM token sales has been set at $2.5 million, with a hard cap of $15,000 (or 300,000 ARKM) per user. The total token supply for ARKM has been set at 1 billion, with 5% (or 50 million ARKM) allocated to the Binance Launchpad.

The public sale token price for ARKM is $0.05 per token, the price in BNB will be determined prior to subscription. The subscription deadline is set for July 17 to July 18, wherein the subscription period will be open for a period of 24 hours for all eligible users.

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