In the process of the development of encryption power, its anonymity and privacy are the main features that enable it to be widely used. However, with the rapid development of blockchain today, various unique encryption technologies have been developed and applied to all walks of life. Among them, the blockchain intelligence company Arkham launched the "Arkham Intel Exchange" to try to establish a decentralized intelligence market driven by smart contracts to provide absolute transparency and deep insights for blockchain transactions. Because it uses AI algorithms to connect on-chain addresses with real-world entities, realize on-chain data collection, processing, analysis and presentation, and provide users with a complete behavioral image, it is called by some crypto users as advocating the unhealthy trend of "human flesh search" and is worried that it will infringe on personal privacy. But even so, ARKM still becomes the IEO project recommended by Binance, and it also has the participation of the co-founder of OpenAI, which has set off a wave of AI in the industry.
1. What is Arkham?
With the rapid development of the cryptocurrency market, data analysis of cryptocurrency wallet addresses has become increasingly important. However, obtaining this data usually requires a lot of time and effort because the data is scattered across different blockchains and lacks integration and standardization. To solve this problem, blockchain intelligence company Arkham launched the world's first on-chain intelligence exchange - "Arkham Intel Exchange", which aims to establish a decentralized intelligence market driven by smart contracts to promote the trading and sharing of blockchain intelligence.
The core market of Arkham Intel Exchange is a buy and sell market for cryptocurrency wallet address intelligence. In this market, bounties can seek on-chain information by locking up funds for information about cryptocurrency addresses or entities. These bounties can be completed by blockchain researchers or detectives who will exchange intelligence in exchange for rewards.
2. Arkham operating mechanism
Arkham operates through two core components: the Analytics Platform and the Intel Exchange. The Analytics Platform is a platform that provides data and analytics through various features such as entity pages, token pages, network visualizations, and instant alerts. These features provide users with in-depth insights into individuals, companies, and other entities, showing their current and historical portfolio holdings, transaction history, profit and loss records, and major counterparties. It also reflects the relationship between entities and the flow of funds, allowing users to grasp the intricate connections within the crypto ecosystem. Arkham Intel Exchange provides buying and selling services for address tags and other intelligence information. It allows users to post bounties by locking ARKM in bounty contracts to seek specific intelligence. It also encourages users to submit intelligence for training Arkham's proprietary artificial intelligence engine Ultra through the DATA program and issues rewards for their contributions.
Bounty Offerer A bounty offerer is an individual or organization that posts a bounty on the Arkham Intel Exchange. The bounty offerer can set the amount and validity period of the bounty and describe the intelligence content required. For example, they may need the identity of the owner of a certain cryptocurrency wallet address, or need to understand the activity track of an entity on the blockchain. The bounty offerer needs to lock up a certain amount of funds as a deposit for the bounty. Bounty Hunter A bounty hunter is an individual or organization that completes the bounty task. They can obtain the required intelligence content by conducting various investigations and research on the blockchain and communicate with the bounty offerer. The bounty hunter needs to submit the obtained intelligence content to the exchange and receive the bounty reward after review. Intelligence Merchants Intelligence merchants are individuals or organizations that sell intelligence on the Arkham Intel Exchange. They can post their own intelligence content to the exchange and set the price. Other users can purchase this intelligence content and obtain the necessary permissions to purchase it. Intelligence merchants can make a profit by selling intelligence. Intelligence Collectors Intelligence collectors are individuals or organizations that collect intelligence on the Arkham Intel Exchange. They can collect various information and data on the blockchain through various means, such as crawlers and data analysis, and organize and publish them on the exchange. Other users can view these intelligence contents and pay a certain fee to obtain the required permissions. Intelligence collectors can make profits by selling intelligence contents.
3. Arkham Core Advantages
Arkham Intelligence has developed a proprietary AI algorithmic address matching engine called Ultra that extracts intelligence from today’s vast web of activity. The technology manages on-chain and off-chain data from multiple sources (and multiple chains) and links blockchain addresses to real-world entities, providing a complete picture of entities using cryptocurrency and their activity.
Arkham Intel Exchange features and functions:
- Decentralized Intelligence Marketplace : The exchange operates in a decentralized model, allowing users to interact directly without the need for a central authority. This setup promotes transparency and fairness while reducing the risks associated with centralized platforms.
- Bounty system for intelligence requests : Users seeking specific intelligence can post a bounty on the exchange, specifying the information they need and the amount of ARKM they are willing to pay. Other users can then fulfill these requests to earn bounties. This system incentivizes the collection and sharing of targeted intelligence.
- Intelligence Auction : Users with valuable encrypted intelligence can auction it to the highest bidder. This feature enables individuals with unique insights, data, or analysis to efficiently monetize their knowledge.
- Intel-to-Earn Model : The exchange has introduced an Intel-to-earn model to reward users for their contributions to the ecosystem. Whether by fulfilling bounty requests or participating in auctions, contributors can earn ARKM tokens, encouraging active participation and continued growth of the platform's intelligence pool.
- Smart Contract-Based Transactions : All transactions on the Arkham Intel Exchange, including bounties and auctions, are conducted through smart contracts. This approach ensures transparency, security, and trust, as the terms are programmatically executed and cannot be tampered with.
- Exclusive Access Period : Purchased Intelligence is initially available exclusively to the Buyer for a predetermined period of time, after which it may be made publicly available on the Arkham Platform. This period of exclusivity enables Buyers to maximize the value of the Intelligence they acquire.
4. Arkham Team and Financing Information
Arkham was founded in 2020 by Miguel Morel, who is also one of the co-founders of the algorithmic stablecoin project Reserve Protocol and currently serves as the CEO of Arkham. According to the introduction on Arkham's official website, they received more than $12 million in Series A financing, and investors include one of the anonymous founders of OpenAI, which created the 2023 artificial intelligence craze product ChatGPT, Palantir co-founder Joe Lonsdale, Geoff Lewis, founder of venture capital firm Bedrock, and Tim Draper, founder of Draper Fisher Jurvetson, and other industry elites.
5. Arkm Token Economics
As the ecological token of Arkham, the total supply of $ARKM tokens is 1,000,000,000 ARKM, and the initial circulation supply is 15% of the total supply of tokens. Functions of ARKM tokens:
- Intelligence Trading: ARKM tokens are used to buy and sell intelligence related to cryptocurrencies on the Arkham Intel Exchange. Users can use ARKM to post intelligence rewards or purchase intelligence shared by others.
- Incentive Mechanism: The Arkham ecosystem encourages users to share valuable intelligence through a bounty (intel-to-earn) model. Users receive ARKM tokens as rewards by providing intelligence, completing bounty tasks, or selling intelligence in intelligence auctions.
- Governance: ARKM token holders may participate in the platform’s governance decisions, such as voting on platform updates, intelligence verification standards, and bounty policies.
- Transaction Fees: When conducting transactions on the Arkham Intel Exchange, ARKM tokens may be used to pay related fees, including but not limited to bounty posting fees, transaction fees or other possible platform service fees.
The distribution is as follows: Treasury: 50% (500,000,000 ARKM) Investors: 20% (200,000,000 ARKM) Team: 20% (200,000,000 ARKM) Market Making: 5% (50,000,000 ARKM) Rewards: 5% (50,000,000 ARKM)
