Arkham Intelligence’s native token, ARKM, is trading at $0.75 with a $113 million market cap after it was issued to beta testers and Binance Launchpad participants. The intel-to-earn asset was initially sold for $0.05 on the Binance Launchpad, with investors limited to a maximum allocation of $15,000. An impressive $2.4 billion was locked up in the Launchpad to secure a better chance of receiving the full allocation. An airdrop was also issued to early users of the platform and beta testers, with the majority of users receiving 197 tokens worth roughly $147 at current trading price.
150 million tokens are currently in circulation, with 850 million tokens being unlocked over an eight-year vesting schedule. The announcement of Arkham’s token has polarized crypto investors, with some expressing concern over the ethical implications of paying users to breach others’ privacy. The company also faced criticism for a botched affiliate campaign which included personal email addresses within a user’s unique referral link. Despite this, Arkham raised over $10 million in two equity rounds, with investors including Tim Draper, Bedrock Capital, Wintermute Trading, GSR Markets, and the co-founders of Palantir and OpenAI.