Arkham, a blockchain intelligence platform, announced the launch of the world’s first on-chain intelligence marketplace, the Arkham Intel Exchange. 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 analytics from traders, investors, journalists, researchers and protocols. The platform also aims to provide talented on-chain sleuths with a way to monetize their skills and experience, creating a decentralized intel-to-earn economy.
According to the announcement, buyers on the Arkham Intel Exchange will be able to query and purchase information related to all on-chain activities, not just limited to entity tags. For example, victims of an exploit may pool resources to acquire Intel over the exploiter, while a trading company may want to buy information from their wallet before a competitor finds it.
All information related to a crypto wallet’s address, such as transaction history, balances, and other on-chain activities, can be bought and sold on the Intel Exchange.
The platform aims to provide a liquid marketplace for information, enabling on-chain sleuths to monetize their work at scale and meet the growing demand for on-chain information in a scalable manner. But how does the bounty system work?
The bounty system on the Arkham Intel Exchange is designed to connect buyers who need information about a crypto wallet address with bounty hunters who have the required information. Buyers can place 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 information. The bounty hunter who submits the required information first is eligible to claim the reward set by the buyer.
To prevent spam, all bounty hunters must wager a small amount, which will be reduced if their entries are not approved. In addition, any information purchased or sold on the Intel Exchange will be held exclusively by the acquirer for 90 days. After that, the information is passed on to all users, ensuring long-term decentralization of on-chain knowledge to the community.
After the 90-day retention period is over, the information is added to the Arkham platform and awarded to the wider Arkham community. This ensures the long-term decentralization of on-chain knowledge to the community.
The Arkham Intel Exchange will be live on Tuesday, July 18, and all transactions on the platform will be through smart contracts verified by Arkham’s partner, Quantstamp.
Arkham Token Sale goes live 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 is the 32nd project to have a token sale on Binance Launchpad.
The ARKM token sale follows the Launchpad subscription format, which records users’ Binance Coin (BNB) balances for six days starting July 11, 2023. The final BNB holdings for each user will be determined as the average of the six days, using the daily average BNB balance calculation previously announced by Binance.
The ARKM token sale has a hard limit of $2.5 million, with a hard limit 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 sale token price for ARKM is $0.05 per token, with the price in BNB to be determined before subscription. The subscription timeline runs from July 17 to July 18, opening the subscription window for a period of 24 hours for all eligible users.
Featured image of Unsplash, chart from TradingView.com
