Arkham Intelligence (ARKM) is the 32nd project of Binance Launchpad. For those who have been learning about on-chain analysis, the name Arkham is not unfamiliar, because this is one of the famous on-chain data providing platforms. But what is ARKM coin, what is special about it? Is there potential for growth in the long term? Should I buy ARKM coin? Please join us to find out more details in the article below.
Contents
- 1 What is ARKM coin? Is it worth investing?
What is ARKM coin? Is it worth investing?
What is ARKM coin?
ARKM coin is the cryptocurrency of Arkham Intelligence, a platform that provides on-chain data to help users track wallet addresses, transaction information of other users, investment funds, exchanges, etc., on various blockchains such as Bitcoin, Ethereum, BNB Chain, Avalanche, Arbitrum, and more. Arkham’s goal is to meet the blockchain information needs of cryptocurrency users and create the “intel-to-earn” market.
This project received community attention when it became the 32nd Launchpad project on Binance. Now, this platform had more than 300,000 global users and this is an extremely impressive milestone for the new on-chain tracking application launched in 2021.
What are the highlights of Arkham (ARKM coin)?
Arkham Intel is a platform that provides on-chain data analysis and lookup services. Arkham uses its own AI technology to synthesize and collect information, thereby labeling exchange wallets, investment funds, KOLs… to help users get more information from on-chain data. With Arkham, users can know the identity of a portion of crypto wallet addresses, track investment activities, and understand the wallet’s portfolio and profits over time across multiple blockchains.
This is a useful tool for investors who want to search for on-chain data and is preferred by a portion of users. The project also often provides analysis/research articles on market events. .
Arkham’s influence was demonstrated when the BTC price plummeted (~7-10%) on April 27, after Arkham sent an on-chain alert claiming that the US government had transferred a large amount BTC goes to the exchange. Arkham later confirmed that it was a user mistake, and the platform had nothing to do with the decrease in BTC price.
>Arkham alert regarding US gov wallet movements
>Jump nukes their books based on alert
>Global OI down ~15% in an hour
>Alert turns out to be falseWelcome to crypto.
— Hsaka (@HsakaTrades) April 26, 2023
Arkham is not the leading project in this field. Previously, there were projects such as Nansen, Watcher… aimed at analyzing on-chain data. However, this is the first project to introduce the concept of exchanging/trading valuable on-chain data (Intel to Earn).
So, what is Intel to Earn? Arkham opens up opportunities for on-chain detectives to make money with the data they search by launching an intermediary exchange – Intel Exchange with the following functions:
- Allows buying and selling information about the owner of a certain wallet address (investment funds, hackers…)
- Connect users who need to learn about certain on-chain information (about a hack or investment fund activity…) and those who hold that information.
- After providing information to the buyer, the supplier will receive a bounty.
Arkam (ARKM coin) used a mechanism called Ultra. Ultra’s operating mechanism will perform three main steps as follows:
- Collect: Identify relevant and reliable on-chain and off-chain data sources, then collect data continuously.
- Aggregation: Combining data into a single, highly reliable overview of data sources that can be queried to produce any information the user requires.
- Attribution: Use this data to assign real-world identities to wallet addresses.
For example, Arkham helps determine the identity of a wallet address on Binance, and allows users to view all information and data about the behavior of this address.
Ultra technology allows Arkham to convert raw transaction data on blockchains into actionable insights, which are then organized and presented in a more intuitive, transparent manner. Thus, users can easily follow the entities they are interested in.
In short, Arkham can be used for purposes such as:
- Know specifically who owns the anonymous wallet addresses.
- See what top traders/investors are doing & use historical data to inform future actions.
- Predict future market movements using on-chain data to track money flows.
- Keep track of your investment portfolio.
- Conduct due diligence for companies and organizations before making major decisions such as acquisitions.
- Research and observe illegal money flows through on-chain investigations.
Arkham (ARKM) Key Features
To help you better understand what ARKM coin is and see if it has potential, let’s take a look at some of the main uses of Arkham. Overall, Arkham currently offers some of the following key features:
Entity Page
The Entity Page feature provides users with a complete overview of the activities of any entity or wallet address they want to examine, including:
- Investment portfolio.
- Asset balance history.
- Profit & loss (P&L) overview.
- Ratio of assets on exchanges.
- Top partners.
- Transaction history, can be filtered and sorted by USD value, token, partner and time.
Tính năng Entity Page giúp theo dõi hoạt động của địa chỉ ví bất kỳ
Visualizer
Visualizer is a feature that helps organize raw data into a more intuitive, clear and useful network map. Here, users can select the entities or elements they want to visualize data related to them into insights.
Dashboards
This is quite a useful feature, as it provides users with many different tools and utilities that allow users to customize multiple views for the metrics and behavior of the wallet address of interest.
Token Pages
Arkham’s Token Page feature will display complete price information and transaction data for individual tokens, similar to CoinMarketCap or Coingecko. You can also search for the project name or token in the top search bar and click on the relevant result to view that token’s Token Page.
Alerts
This is a feature that allows users to set custom alerts for important on-chain activities from organizational/individual wallets they are interested in via email and Telegram. You can receive notifications by filling in the following information:
- Entity/wallet address you want to track
- Transaction to receive assets from whom?
- Who does the transaction send assets to?
- Transaction value is calculated in USD.
Explorer
Arkham’s Explorer page will allow users to track and access specific information about any transaction, such as transaction value, asset source and destination, and transaction status.
Arkham Intel Exchange
Arkham Intel Exchange will be a place that allows users to buy and sell data of other cryptocurrency users through smart contracts. Arkham Intel Exchange users can open an offer to buy information and set a reward for it. People who want to receive rewards will have to collect on-chain information that meets the conditions, such as data about an investor’s wallet, investment fund or tracing the flow of money stolen from their wallet.
Arkham (ARKM) Tokenomics
ARKM is the main token of the Arkham Intel platform, often used for Arkam’s governance, as a reward for users when using the platform, or can be used to trade and update information on the Arkham exchange.
ARKM Token Key Metrics:
- Token name: Arkham
- Ticker: ARKM
- Token Standard: ERC-20
- Blockchain: Ethereum
- Token Type: Governance, Utility
- Token Supply: 1,000,000,000 ARKM
- Token Circulating Supply: Updating…
ARKM Token Allocation:
ARKM has a total initial supply of 1,000,000,000 tokens, distributed as follows:
- Ecosystem & Community Incentives: 37.30%
- Core Contributors: 20.00%
- Những nhà đầu tư: 17.50%
- Foundation Treasury: 17.20%
- Binance Launchpad: 5.00%
- Advisors: 3.00%
ARKM token Unlocking Schedule
The total ARKM supply becomes fully unlocked 7 years after listing. The initial circulating supply is 15% of the total supply.
- Investor, core contributor, and advisor tokens, are locked for 1 year after listing. Beginning 1 year after listing, they unlock linearly over 3 years.
- The ecosystem fund unlocks over 5 years.
- The foundation treasury unlocks over 7 years.
Team, Investors, Roadmap of Arkham (ARKM)
Team
Prominent members of Arkham Intelligence’s development team include:
- Miguel Morel (CEO): Experienced crypto entrepreneur and investor. Investors in Miguel’s previous projects include Peter Thiel, Sam Altman and Digital Currency Group.
- Henry Fisher (CTO): Before working in crypto, Henry was a software engineer at Tesla, leading the release of new features for Tesla’s ride-hailing platform and the rest of the site web.
Investors
Arkham Intelligence has successfully raised $12 million from investment funds such as Bedrock Capital, Coinbase Ventures and Digital Currency Group. In addition, the project is also funded by individual investors such as Tim Draper, Peter Thiel and Sam Altman.
Partner
Currently, Arkham Intelligence’s partners are famous Layer 1 and Layer 2 blockchains in the crypto market such as Ethereum, BNB Chain, Avalanche, Arbitrum, Polygon, Optimism,…
Roadmap
To evaluate whether a project has potential or not, considering the development roadmap is also extremely important. Below is the detailed roadmap announced by the Arkham Intelligence team:
– Achieved:
- August 2022: Launch Private Beta supporting Ethereum
- January 2023: Launching the Alerts feature
- February-March 2023: Announcement of cooperation with BNB Chain, Polygon, Avalanche, Tron and Optimism
- April 2023: Additional support for the Bitcoin network
- May 2023: Launching the Token Page feature
- June 2023: Private Beta surpasses 200,000 registered user
- Launch of Arkham Ultra.
- Launch of Arkham Intel Exchange.
– Q4/2023:
- Released usage data discovery features with AI technology.
- Launch Chainlink DON to verify smart contracts to enhance the security, decentralization, and reliability of Intel Exchange.
- Support for more data across multiple DeFi protocols.
- Arkham Intel Exchange supports more chains.
Some difficulties and challenges of Arkham
You have learned about what Arkham – what is ARKM coin, as well as its unique points and useful features.
It can be seen that Arkham is a very useful project. As more and more users become interested in and learn about on-chain data, the need to use Arkham will increase. However, ARKM coin is currently still facing many challenges, for example:
- Authenticity of information: Arkham currently does not clearly state the criteria to evaluate the accuracy and reputation of the information source sold. Buyers at this time will have no way to authenticate this source of information.
- Difficulty in pricing: Arkham also has not made clear the criteria or methods for valuing purchased information sources. This trading is unprecedented, so it is quite difficult for users to know whether they have bought/sold information at a high or low price.
- Liquidity problem: Current information about on-chain data is still being passed around for free by the community, leading to big questions about the demand (people who want to buy information) on the network. Intel Exchange. Do they really need to buy data? Not only that, sellers also face direct competition with other security/data companies such as Nansen, PeckShield…
- The role of the ARKM token: If Intel Exchange will not operate smoothly, the role of the token will become even more blurred when ARKM’s main role is only to provide rewards/incentives for users on Intel Exchange.
This product from Arkham is generally a new product, has never appeared on the market and will need time to prove its effectiveness. However, before the product launched, Arkham was currently facing turmoil due to a scandal related to the disclosure of user information. Specifically, an Arkham user discovered that Arkham’s referral links contained information about the user’s e-mail, anyone could read this e-mail address by decoding Base-64.
ABSOLUTE LMAO. ALL #ARKHAM REFERRAL LINKS SHARED ON TWITTER IS DOXXING EVERYONE BECAUSE THE EMAIL IS IN THE REFERRAL URL. @inversebrahhttps://t.co/HM6veJOmNp -> bkatmis012@gmail.com https://t.co/1INvtXLEva pic.twitter.com/m38VnNMS8k
— magicpotato ???? (@m4gicpotato) July 10, 2023
Previously, users discovered this and notified Arkham, but the project only received the information without taking action. This has made the community dissatisfied because they believe that Arkham does not keep user information confidential, and raises suspicions that the project also tracks and records other user data such as wallet addresses, device IDs. equipment, location…
After that, Arkham was investigated by the community and it was discovered that Arkham CEO Miguel Morel’s Linkedin account was interested in the US Central Intelligence Agency (CIA). At the same time, Arkham also has the support of the founder of OpenAI (ChatGPT) and the founder of Palantir – a data analysis company that has won contracts with customers such as the federal government and government agencies. USA. Another coincidence is that the names of Palantir’s two software products, “Palantir Gotham” and “Palantir Metropolis” as well as “Arkham” are both directly related to the famous Batman character.
Some community members also associate Arkham’s logo with the image of the US Pentagon, which raises the theory that Arkham is actually an arm serving the investigation and identity management of crypto users of the US government.
In general, the community is making many hypotheses about Arkham’s activities related to the US government, although no information has been officially confirmed yet.
Faced with rumors, Arkham CEO Miguel Morel spoke up on behalf of the project about the above incident. Miguel affirmed that this referral link system is only for the purpose of recording newly registered accounts and contacting users, and has also changed the design of the referral link so that it can no longer decode e-mails.
On Ref Links
Because of our upcoming launch, we’ve had millions of people engage with our platform and hundreds of thousands sign up. Understandably, there’s been a lot of attention on our project, the majority of it positive, along with some legitimate criticisms of how we’ve… pic.twitter.com/0VZFchBg7h
— Miguel Morel (@RealMiguelMorel) July 10, 2023
Miguel Morel also answered user questions about the new Intel Exchange platform. He confirmed that the platform encourages users to reveal account information to receive rewards. When asked about whether Arkham Intel Exchange encourages users to reveal personal information about specific cryptocurrency wallets, Morel asserted that that is the goal of the platform. He believes that this information will help users report to the authorities or warn the community when fraud occurs.
Arkham – ARKM coin, should you invest?
Arkham Intelligence is an on-chain data platform developed to help users track wallet addresses, transaction information, movements of other users, investment funds, exchanges, etc. .. It uses AI technology and many other algorithms to analyze, retrieve and display on-chain data in the most intuitive and transparent way.
Overall assessment, this is a quite useful project and has a lot of potential for long-term development. In particular, Arkham Intelligence’s Intel to Earn model is quite unique, making it different from other competitors. number of other on-chain analytics tools. In addition, becoming the 32nd Launchpad project on Binance makes Arkham attract the attention of users, and it is likely that demand for its ARKM token will also increase when the token is officially listed on the exchange.
However, Arkham Intelligence is still a new project that takes a lot of time to track, and it also has quite a few competitors (because there are currently many other on-chain data providing platforms on the market). market like TradeBlock, Etherscan..). Not to mention, the immediate controversy about user “data exposure” will somewhat affect the demand for using Arkham.
We have shared with you information about Arkham – what is ARKM coin. Hopefully through this content, you will have some basic information about the Arkham Intelligence project to make your own investment decisions. Wishing you wisdom and successful investing.