Today we are going to talk about Binance announcing the launch of its 32nd Launchpad project Arkham (ARKM). It should be listed on Binance today, and the snapshot was completed on July 7th, so friends who did not obtain the qualification before must have missed this wave. So can they buy it in the future and at what price is it appropriate to buy it? Let’s take a look at what it does and its fundamentals. I checked its official website. It should still be in the testing stage. Unless there is a whitelist, it may not be usable, so I can only read the description in its white paper.
Background Analysis (White Paper)
1. Deanonymization: Because there is anonymity on the blockchain, but now it is completely anonymous on the Internet, and everything is real-name.
2. Access to encrypted data is decentralized: There is a large amount of decentralized data on the blockchain, but it will only become useful after being processed, aggregated and analyzed by the platform.
3. Cryptocurrency is becoming the core of the global financial system: This is a trend because it is more efficient, reliable and robust.
4. Encrypted intelligence will be widely adopted: In the future, encryption devices will be as popular as smartphones.
5. The encrypted smart economy will reach more than 30 billion US dollars per year. On-chain data in the encryption field is also increasingly valuable for analysis.
6. The future of encrypted data is entity-based. Among the five W's, who comes first? The best way to understand crypto activity is to first know who is behind it. This is why Arkham provides intelligence on a physical level. Entity-level intelligence provides a general purpose tool that verticalizes the crypto data industry for trading, compliance, research and portfolio tracking. This is key to providing an all-in-one platform.
7. Crypto-intelligence will power self-regulation. Self-regulation is necessary for any industry to remain healthy and independent of the decisions and laws of external rule makers. It involves establishing standards of conduct that safeguard trust and quality in the industry through monitoring, promotion and enforcement.
Introduction to project fundamentals
Arkham is a platform that uses AI technology to provide on-chain data and intelligence analysis and earn rewards.
Arkham uses its own proprietary artificial intelligence engine, ULTRA, to algorithmically match addresses to real-world entities. Ultra has been in development for over 3 years, with support from the founders of Palantir and OpenAI.
Arkham has launched Intel-to-Earn, a product that scales the intelligence economics of blockchain buyers and sellers.
ARKM is the native utility token of the Arkham platform. It is used for:
Intelligence Data Analysis Platform: ARKM is the currency of the Arkham Data Analysis Platform, the first open market for trading cryptographic data analysis.
Governance: Token holders enjoy governance rights and can vote on Arkham’s strategic direction.
Incentives: Users receive ARKM rewards by submitting information, recommending new users, and other behaviors that are beneficial to the development of the ecosystem.
Arkham has two main components: "Analytics Platform" and "Intel Exchange".
The Arkham platform provides data and analytics through:
Entity pages for individuals, companies and other entities showing current and historical portfolio holdings, searchable and sortable trading history, profits and losses, and key counterparties.
Token page showing major holders, transactions, and transaction flow.
Network visualization maps entity relationships and financial flows.
Instant alerts on trades suitable for custom parameters.
The Arkham intelligence trading platform allows anyone to buy and sell address tags and other intelligence.
Bounty: Users issue bounties for specific intelligence by locking ARKM in a bounty contract. The bounty hunter submits the information for verification and, if successful, receives the bounty.
Auction: Users with high-value information can also auction verified intelligence to the highest bidder through the auction system.
DATA Program: Users will be rewarded for submitting intelligence used to train Ultra, Arkham’s artificial intelligence deanonymization engine.
As a data analysis platform, Arkham does not adopt a payment model for advanced functions like similar platforms such as Nansen or 0xScope. Instead, it solves the revenue problem through token economics on the basis of being a free public product. In the field of Crypto, on-chain data can be said to be a gold mine. The interpretation of on-chain data can bring many investment and arbitrage opportunities. The use of data analysis platforms is mostly based on real needs, so the number of users in this track is The more real it is, the higher the quality will be.
According to the degree of openness, data analysis platforms can be roughly divided into two categories. One is a fully open data analysis platform that users can define by themselves, such as Dune Analytics, Flipside and Footprint Analytics; the other is a data analysis platform that provides packaged data. For finished services, users can query under limited definitions, such as Nansen, 0xScope (Watchers) and Arkham. Currently, all six platforms have received financing. Among them, Dune Analytics, Flipside, Nansen and Arkham have all obtained more than 10 million US dollars in cumulative financing. Coinbase is the most active investor in this track, and the first three are present.
Judging from the number of supported public chains, a data analysis platform that requires users to create it themselves supports significantly more public chains than a packaged platform. The latter will have higher requirements for start-up companies in terms of data collation and service capabilities. Currently, Dune Analytics supports 13 public chains, Flipside supports 18, Footprint supports 27, Nansen supports 11, Watchers supports 3, and Arkham supports 8. Ethereum, BNB Chain and Arbitrum are commonly supported public chains, but there is less support for zk-based public chains and Bitcoin.
The ARKHAM project has raised over $10 million in two rounds of equity financing, with the latest round being $150 million. Investors include Tim Draper, Bedrock Capital, Wintermute Trading, GSR Markets and the co-founders of Palantir and OpenAI.
Token
As of July 10, 2023, the total supply of ARKM is 1,000,000,000, and the circulating supply after listing is 150,000,000 (accounting for 15.00% of the total token supply)
Governance: Token holders enjoy governance rights and can vote on Arkham’s strategic direction.
Incentives: Users receive ARKM rewards by submitting information, recommending new users, and other behaviors that are beneficial to the development of the ecosystem.
ARKM is the native utility token of the Arkham platform. It is used for:
The total supply is 1,000,000,000 ARKM, 15% of which will be in circulation at listing.
Price analysis, the price on launchpad is 1ARKM = 0.05 US dollars, so the total market value is 50 million US dollars. You must know that he has raised more than 10 million US dollars, and the latest option financing is 150 million US dollars, so it has increased 10 times. To US$500 million is a very reasonable valuation range. But there is currently no tool project, so at 20 times, the valuation of US$1 billion is definitely on the high side. If the current price is less than 0.5 US dollars, it is not a big problem.