Let me first say the conclusion. The reliability of this project is much greater than the previous ones. It belongs to the popular track + star lineup + down-to-earth product. It is expected that the valuation of Binance listing will be 1 billion US dollars, that is, 1ARKM=$1
However, Binance’s latest IEO has made a similar change to the “daily limit”. The increase in the first 5 minutes is set to 10 times the public offering price, that is, 1ARKM=$0.5. According to the listing circulation volume of 15%, 1ARKM=$0.5, the circulation market value under the “daily limit” is $75 million, and the total market value is $500 million. Compared with the valuation of $150 million in the previous round of financing, it has tripled, but it still has room for growth compared to Dune ($1 billion) and Nansen ($750 million).
Based on the performance of previous IEOs, the expected price is 20 times higher. Therefore, after five minutes, the price limit mechanism will be lifted, and there will still be a short-term upward momentum. Moreover, Arkham is stronger than previous IEOs in terms of fundamentals. The price limit allows investors who are optimistic to continue buying. Not only can you make money by participating in IEOs, but you may also double your gains by participating in the secondary market.
What Arkham does is to use AI technology to transform on-chain data into intelligence. Simply put, it uses the bounty hunter model to convert transaction clues into paid value.
Below is the basic information of the project
1. Arkham has an average monthly pageview of about 300,000, which is about 50% of the competitor nansen, but the average number of pages visited and the bounce rate are better than nansen.
2. The official website was established in 2020, with 30,000 Discord users and 200,000 Twitter followers, and the actual operation time is more than one year
3. The IEO raised $2.5 million, and the investment valuation is $50 million. The low investment valuation is reasonable because the first two rounds of financing were $10 million, and the latest valuation is $150 million.
4. Strong investment lineup (venture capital + market maker + AI): Tim Draper, the godfather of Silicon Valley venture capital, Wintermute Trading, a top market making team, and the co-founder of OpenAI 5. Valuation analysis: The two competing products Dune and Nansen are valued at 1 billion and 750 million US dollars respectively. According to the previous IEO return of 20 times, the valuation is expected to be 1 billion US dollars, 1ARKM=$1
5. The initial liquidity is not large, 15%, of which 5% is IEO, 3% is treasury, and 7% is ecosystem and community incentives. Compared with other early large-scale airdrops, Arkham's early selling pressure will be small.
Let’s talk about products
Product information (differentiation + Token incentives + AI + fission)
1. Arkham is an intelligence data analysis platform, avoiding competition with Nasen and Dune. However, since it is an intelligence information product, it is easier to implement and monetize. It does not rely on professional on-chain analysis capabilities. If intelligence information can bring profits, people are willing to pay.
2. Use the Token model for bounties, auctions, and data models, which are not currently available in other competing products, and users can also profit
3. Ultra, a proprietary artificial intelligence algorithm engine, has advantages in data processing and is easier to understand, but its actual use effect remains to be tested
4. In terms of operation, Arkham is probably the most down-to-earth project I have ever seen. The initial cold start was based on private chats. The product has new user acquisition and fission functions. If the subsequent functions can keep up, it will bring a good amount of users.
5. The functions are quite satisfactory, the chain is fully compatible, and there are common functions with early warnings that can meet most of the usage, but there are still deficiencies in the deeper dimensions, and there is still room for improvement for professional players.
