As blockchain technology continues to evolve and expand, there is a new initiative by on-chain data provider Arkham Intelligence. They’ve introduced a marketplace that focuses on buying and selling cryptocurrency data, a platform that has been given the moniker, the Arkham Intel Exchange. This particular platform stands out due to the inclusion of a native token. Named ARKM, this token aims to make the blockchain less anonymous, a dynamic change in the realm of cryptography.
However, this change does pose challenges, particularly with the size of the token issue. The ARKM token draws significant attention with its issuance on the Binance Launchpad. The amount is sizable – 50 million tokens, a total of 5% of all available supply, are up for the taking. Capped at a purchase limit of $15,000 worth of tokens per user, it’s evident that there is a high-stakes game at play from July 11 to July 17.
One enticing feature of the Arkham’s platform is a bounty mechanism. This allows users to post “bounties” for specific data, offering an exciting opportunity for blockchain researchers and detectives to source and provide information in exchange for the pledged bounty. An interesting way to crowdsource data, it could prove effective given the surge in cryptocurrency hacks in the last year. These attacks, totaling a loss of billions worth of assets from cross-chain bridges, decentralized finance protocols, and exchanges, ask for solutions and counter-measures.
Arkham’s aspiration to limit these cyber attacks by stimulating on-chain research is commendable, but it is not without its skeptics. The fear of privacy infringement, expressed by a number of advocates on social media platforms, brings us to a familiar crossroads of security versus privacy in the tech world. Additionally, the token distribution has raised eyebrows. The token sale gets 5%, but core contributors receive 20%, investors are allocated 17.5% and 17.2% is set for the foundation treasury.
Ultimately, Arkham’s marketplace could be a groundbreaking move, given the finance they’ve secured; over $10 million from two equity financing rounds, with the recent round at a hefty $150 million value. Striking an apt balance between privacy and security will determine Arkham’s success as they embark on their crypto journey.
Source: Coindesk
