Arkham Intelligence has launched the Arkham Intel Exchange, a marketplace that allows users to buy and sell on-chain cryptocurrency data. The platform features a native token, ARKM, which is designed to de-anonymize the blockchain. 50 million ARKM tokens, equating to 5% of the total supply, will be available for purchase on the Binance Launchpad from July 11 to July 17, with each user able to purchase up to $15,000 worth of tokens.
The Arkham Intel Exchange utilizes a bounty mechanism, allowing users to post bounties for desired data. Blockchain researchers and sleuths can then source and provide the information in exchange for the bounty. This is an effort to combat the increasing number of crypto hacks, which saw billions of dollars worth of digital assets stolen last year.
Arkham has raised over $10 million from two rounds of equity financing, with the latest round at $150 million. 5% of the token supply is allocated to the token sale, 20% to core contributors, 17.5% to investors, and 17.2% to the foundation treasury.
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The token will be issued on the Binance Launchpad with 50 million tokens being up for sale, which equates to 5% of the total supply.
Cryptocurrency hacks and exploits broke records last year with billions of dollars worth of digital assets being stolen from cross-chain bridges, decentralized finance (DeFi) protocols and exchanges.
Arkham has raised over $10 million from two rounds of equity financing with the latest equity round at $150 million, according to Binance’s research page.