Key Takeaways:
- Arkham is a blockchain intelligence platform that provides information on other crypto projects.
- ARKM token spiked over 12% since Oct. 4 but pared gains later.
- The project has a fixed total supply of 1 billion ARKM tokens.
NEW DELHI (CoinChapter.com) — Arkham Intelligence (ARKM) is an AI-based blockchain intelligence platform that allows users to deanonymize the individuals behind a blockchain project.
The platform has two main components: Analytics Platform and Intel Exchange. The analytics platform informs users about other projects, exchanges, funds, whale transactions, wallets, etc.
On the other hand, the Intel Exchange allows users to buy and sell information about an address’s label, owner, transaction history, etc., through bounties, auctions, or the Decentralized AI Training Accelerator (DATA) Program. The exchange serves as a marketplace for people willing to sell information.
The Arkham Intel Exchange
The platform’s native token, ARKM, serves as the medium of exchange on the exchange. Buyers can place bounties to request information, while sellers can conduct auctions to sell the information they have.
Sellers must stake 10 ARKM tokens as security when submitting intel for auction. If the intel fails verification, tokens are burned to prevent false submissions. The bounty option also discourages false claims.
Arkham’s DATA program rewards crypto sleuths for helpful intelligence, reviewed by the Arkham Foundation before payout.
Arkham aims to bring more transparency into the crypto ecosystem by doxxing the people behind crypto projects. Such information can be useful in cases like the alleged Pepecoin rug pull.
Yet, it remains unclear how useful the platform is since a months-old bounty on alleged FTX hackers remains open. However, given the growing number of crypto scams and hacks, if the platform helps recover funds from a scam, it might get some traction with the masses.
ARKM Token Tokenomics
The ARKM token serves as the currency for the Intel Exchange and powers the platform’s intel to earn economy. Moreover, ARKM also serves as the platform’s governance token.
The intelligence platform has limited ARKM’s total supply to 1 billion tokens, of which core contributors get 20%. Investors and the Arkham Foundations treasury account for 17.5% and 17.2% of the total tokens, respectively.
The team has reserved 37.3% of the token supply for the ecosystem incentives and grants, including community rewards, contributor incentive pool, and grants.
Arkham plans to unlock the total token supply by 2030, 7 years after the token’s first listing.
Arkham Price Performance Against Other Projects
The crypto intelligence platform’s services are unique, which makes it difficult to compare with similar projects. On-chain data providers like Santiment, Glassnode, etc., and transaction tracking services like etherscan can be considered similar, but none have a native token.
The closest comparison could be Dash 2 Trade, a crypto analytics platform that provides users with insights and data points to help make trading decisions.
Like Arkham, Dash 2 Trade has a native token, D2T, with a total supply of 1 billion tokens. The D2T token launched in Feb. 2023 with a price tag of $0.037. D2T price then rose to an all-time high near $0.052 in early March.
Afterwards, the D2T price plummeted over 90% to trade near $0.0049 on Oct. 5.
ARKM’s price started trading near $0.7 (also its current ATH) before the token dropped 45% to trade near $0.38 on Oct. 5. Most of the downtrend can be attributed to traders booking profits after the ARKM airdrop.
However, ARKM’s capped total supply, with non-inflationary tokenomics, could help its price action once the project gains more traction. Furthermore, the benefits of being unique in the sector could also translate into bullish cues for the token.
The uniqueness of Arkham’s use case is the platform’s USP, yet a blockchain-based doxxing service with a crypto token may not go down smoothly with the sector’s more orthodox users. Traders would likely wait for the project to gain traction before investing in ARKM tokens.
