Arkham Intelligence, an on-chain data provider, has launched a marketplace where users may purchase and sell on-chain cryptocurrency data.
The Arkham Intel Exchange marketplace will include a native coin (ARKM) that is intended to “deanonymize the blockchain.”.The cryptocurrency will be launched on the Binance Launchpad, with 50 million tokens available for purchase, representing 5% of the total supply. During the sale, which runs from July 11 to July 17, each user will be able to purchase $15,000 in ARKM tokens.
Arkham’s new platform employs a bounty structure, which allows users to post “bounties” for sought-after data, after which blockchain researchers and sleuths can source and supply information in exchange for the first pledged bounty.
Last year, cryptocurrency hacks and attacks established new records, stealing billions of dollars from cross-chain bridges, decentralised finance (DeFi) protocols, and exchanges. Arkham attempts to curb the spread of crypto breaches by promoting on-chain research, but numerous privacy activists have expressed reservations on Twitter.
According to Binance’s research page, Arkham has raised more than $10 million in two rounds of equity financing, with the most recent equity round totaling $150 million. While 5% of the token supply will be assigned to the token sale, 20% will be given to core contributors, 17.5% to investors, and 17.2% to the foundation treasury.