What is Arkham (ARKM) coin?What can Arkham be used for?

 What is Arkham(ARKM) currency?

Arkham is a cryptocurrency analytics platform and data tracking dashboard designed to easily monitor on-chain activities of various blockchain entities, providing in-depth market analysis, transaction data, and a comprehensive review of cryptocurrency projects.

The platform enables users to search people, funds, exchanges and ENS addresses by name to outline their recent activities, or search for specific addresses for similar insights. The acquired data can be used for a variety of purposes, including trade decisions, trend forecasting, risk management and early threat detection, better helping investors, researchers, and cryptocurrency enthusiasts better understand market dynamics, identify investment opportunities, and track the performance of crypto assets.

Arkham’s goal is to provide an equal playing field for cryptocurrency traders and enthusiasts by providing data that was previously available to only blockchain analysts and enthusiasts. The platform uses artificial intelligence to collect, classify and display large amounts of on-chain data through the Arkham panel. Its proprietary artificial intelligence address matching engine called Ultra can automatically connect on-chain addresses to real-world identities.

In addition, Arkham has also introduced a token system, allowing users to offer rewards with Arkham (ARKM) tokens through the Arkham Intel Exchange trading market to find out the on-chain data intelligence they want, such as tracing the user identity of a certain wallet address. On-chain data analysts who think they are important can also sell this information through this platform to allow interested users to bid. These transaction data will be exclusively owned by the buyer for up to 90 days and will be made public after the deadline.

 Arkham core mechanism

As a cryptocurrency analysis platform, Arkham's core mechanism mainly revolves around data collection, processing, analysis and presentation.

Among them, Arkham Intelligence is an important part of the core mechanism. The organization has developed a proprietary artificial intelligence algorithm address matching engine called Ultra that extracts intelligence from today’s vast network of activity. This technology manages on-chain and off-chain data from multiple sources (and multiple chains) and links blockchain addresses to real-world entities, providing a complete picture of entities using cryptocurrencies and their activities.

 The purpose and functions of Ultra:

• Deanonymization: Ultra's main purpose is to overcome the inherent anonymity of blockchain transactions. While blockchain transactions are public, they are usually represented by anonymous addresses, which makes it difficult to understand the entities behind these transactions. Ultra systematically processes this data to identify and reveal the real-world entities behind blockchain addresses, such as individuals, companies or institutions.

• Data Synthesis: Ultra collects and synthesizes on-chain and off-chain data from multiple sources. This process involves collecting transaction history, wallet addresses, token changes and other related data points on different blockchain networks.

• Artificial Intelligence Analysis: Utilizing advanced AI and machine learning algorithms, Ultra analyzes collected data to find patterns, connections, and identifiers that can link anonymous blockchain addresses to identifiable entities. This may involve analyzing transaction behavior, network interactions, and other digital footprints left by entities on the blockchain.

 Key Features and Benefits of Ultra:

• Accuracy and Scalability: One of the key features of Ultra is its ability to efficiently process large amounts of data, maintaining a high level of accuracy when matching addresses to entities. This scalability is crucial given the breadth and growing nature of blockchain databases.

• Real-time data processing: Ultra is designed to run in real time, providing the latest insights and intelligence. This feature is crucial for users who rely on timely information to make transaction decisions, assess risks, or conduct research.

• Comprehensive Blockchain Coverage: While many analytics platforms may focus on a single blockchain, Ultra’s design allows it to aggregate and analyze data across multiple blockchain networks. This multi-chain approach ensures a more comprehensive understanding of the blockchain ecosystem, reflecting the interrelated nature of today’s cryptocurrency markets.

• Enhanced Market Insight: By deanonymizing blockchain addresses, Ultra provides users with deeper insights into market dynamics. Understanding the actions and strategies of key players in the cryptocurrency space can provide significant advantages in trading, investment and risk management.

In addition, Profiler is also the core platform supporting Arkham products. It acts as a central hub for accessing detailed insights on transaction history, asset holdings, financial performance and interaction patterns of blockchain participants. By aggregating and presenting a wide range of data points, Profiler enables users to conduct in-depth analysis of entities, thereby enhancing their ability to make informed decisions, conduct research, or monitor market trends.

 Profiler's main functions:

• Transaction History: Users can view the complete transaction history of an entity or address, including incoming and outgoing transactions. This history can be filtered and sorted by various criteria such as USD value, specific tokens, counterparties, and time ranges, providing a detailed understanding of trading behavior.

• Portfolio Holdings: The analyzer displays the current portfolio holdings of an entity or address, broken down by individual assets. It provides insights on asset distribution, concentration, and specific cryptocurrency exposure.

• Balance History: Users can track historical balances for an entity or address over a period of time. This feature helps to understand how the total asset value of an entity evolves, highlighting periods of large accumulation or divestment.

• Profit and Loss: By analyzing transactions and portfolio changes, Profiler can estimate profit and loss for an entity or address. This estimate is crucial in evaluating the effectiveness of financial performance and investment strategies.

• Exchange Use: This tool provides data about the interaction of an entity or address with the exchange, detailing deposit and withdrawal activities. This information is essential to understand the entity's liquidity management and risk exposure.

• Major counterparty: It identifies and lists major counterpartys that trade with entities or addresses. This insight is very valuable for revealing relationships and networks within the blockchain ecosystem.

 Pros of Profiler:

• Comprehensive Analysis: By integrating various data points into one interface, Profiler allows users to thoroughly analyze entities or addresses without access to multiple tools or platforms.

• Real-time insights: The real-time nature of Profiler data ensures users have access to the latest information, allowing them to respond quickly to market changes or new developments.

• Strategic decision-making: Through detailed transaction history and financial performance data, users can better understand the strategies adopted by entities on the blockchain. This understanding can inform their own investment decisions, risk assessments, and research efforts.

• Market Transparency: Profiler helps to increase market transparency by more easily analyzing the behavior and stance of blockchain participants. This transparency can level the playing field for market participants and create a healthier trading environment.

• Customization and Alerts: Users can customize their views and set alerts for specific activities or thresholds, making Profiler a versatile tool tailored to personal analysis needs and preferences.

At the same time, the filtering function allows users to sort and navigate the results based on specific metrics, simplifying the task of finding the required data.

In addition, Arkham Intel Exchange is an innovative component of Arkham Intelligence, acting as a decentralized market for buying and selling encryption-related intelligence. The platform utilizes native token ARKM as a medium of transactions to facilitate the exchange of actionable insights and data between users. Arkham Intel Exchange aims to democratize valuable crypto intelligence, not only to large institutions with large resources, but also to individual traders and analysts.

Features and features of Arkham Intel Exchange:

• Decentralized intelligence market: The exchange operates in a decentralized mode, allowing users to interact directly without the need for central agencies. This setup promotes transparency and equity while reducing the risks associated with centralized platforms.

• Bounty System for Intelligence Requests: Users seeking specific intelligence can issue bounties on exchanges, specifying the information they need and the amount of ARKM they are willing to pay. Other users can then satisfy these requests to earn bounty. The system incentivizes targeted intelligence collection and sharing.

• Intelligence Auction: Users with valuable crypto intelligence can auction it to the highest bidder. This feature enables individuals with unique insights, data or analysis to effectively monetize their knowledge.

• Intel-to-Earn model: The exchange introduced the Intel-to-earn model to reward users' contribution to the ecosystem. Whether by meeting bounty requests or participating in an auction, contributors can obtain ARKM tokens, encouraging active participation and the continued growth of the platform’s intelligence pool.

• Smart Contract-based Transactions: All transactions on Arkham Intel Exchange, including bounties and auctions, are conducted through smart contracts. This approach ensures transparency, security and trust, as these terms are executed programmatically and cannot be tampered with.

• Exclusive access period: The purchased intelligence is initially for exclusive use by the buyer only for the scheduled period and may later be made public on the Arkham platform. This exclusive period allows buyers to maximize the value of the intelligence they have obtained.

Arkham Intel Exchange impacts and benefits:

• Improve market efficiency: By promoting intelligence exchange, Arkham Intel Exchange helps make smarter decisions across the crypto market. This, in turn, improves efficiency and reduces information asymmetry.

• Empowerment of Individual Participants: The platform provides individual traders and analysts with high-quality intelligence that was previously available to only well-resourced entities, thus leveling the playing field.

• Incentives for knowledge sharing: Through reward systems, exchanges encourage users to share their insights and analysis, creating a collaborative environment where information is more free to be accessible.

• Enhanced transparency and trust: The decentralized nature of the exchange combined with the use of smart contracts enhances trust among participants. Users can participate with confidence because knowing the platform’s mechanisms ensure fairness and transparency.

 What is ARKM Coin?

ARKM tokens are a core element in the Arkham Intelligence ecosystem, aiming to promote the acquisition, sharing and transaction of crypto intelligence. As a native token, ARKM plays a crucial role in Arkham Intel Exchange, not only as a medium of transactions, but also promotes the formation of an intelligence-centric decentralized economic system.

 ARKM token features:

• Intelligence Transactions: ARKM tokens are used for information related to buying and selling cryptocurrencies on Arkham Intel Exchange. Users can use ARKM to publish intelligence rewards or purchase intelligence shared by others.

• Incentive mechanism: The Arkham ecosystem encourages users to share valuable intelligence through the Intel-to-earn model. Users receive ARKM tokens as rewards by providing intelligence, completing bounty missions, or selling intelligence in intelligence auctions.

• Governance: ARKM token holders may participate in the governance decisions of the platform, such as voting on platform updates, intelligence verification standards and reward policies.

• Transaction Fees: When trading on Arkham Intel Exchange, ARKM tokens may be used to pay related fees, including but not limited to reward release fees, transaction fees, or other possible platform service fees.

 Features of ARKM tokens:

• Decentralization: As a blockchain-based token, ARKM supports decentralized transactions and economic activities, reducing dependence on centralized exchanges and improving transaction security and transparency.

• Community Driven: ARKM’s design encourages community members to actively participate in the development of the platform and jointly shape the future of the Arkham ecosystem by sharing high-quality intelligence, voting decisions, etc.

• Transparency and Security: The smart contract-based trading mechanism ensures the transparency and security of ARKM transactions. All transactions are recorded on the blockchain and can be publicly verified, reducing the risk of fraud.

There are 1 billion ARKMs, and the allocation is as follows: 37.3%: used to maintain the ecosystem; 20%: reserved for core contributors; 17.5%: reserved for investors; 17.2%: used for foundation funds; 5%: used for Binance Launchpad; 3%: reserved for consultants.

The initial circulation of tokens is 15%, and all tokens will be circulated in seven years. Tokens of investors, core contributors and consultants will be locked within one year of their launch, and will be gradually unlocked in three years. The total unlocking time for ecosystem tokens is five years, while the token unlocking time for foundation funds is seven years.

As of now, the price of ARKM tokens is $2.24, with a market capitalization of $459,060,903, ranking #175, and the trading volume/market capital ratio is 10.06%, which is a high ratio, which may indicate greater trading activity in the market or greater fluctuations in the price discovery process. If the entire supply of ARKM tokens is calculated at the current price, the market capitalization will reach approximately $2,243,699,429.

 Arkham Team / Financing Status

Arkham was founded in 2020 by Miguel Morel, who is also one of the co-founders of the algorithmic stablecoin project Reserve Protocol and currently serves as CEO of Arkham.

According to Arkham's official website, they received more than $12 million in their Series A financing. Investors include one of the anonymous founders of OpenAI, which created the 2023 artificial intelligence fanatic product ChatGPT, Joe Lonsdale, co-founder of Palantir, Geoff Lewis, founder of venture capital company Bedrock, and Tim Draper, founder of Draper Fisher Jurvetson, and other industry elites.

To date, Arkham's strategic partners include: Base, BNB Chain, Polygon, Optimism, etc. By establishing important strategic partnerships with these well-known companies, Arkham has expanded its coverage in the Ethereum blockchain and other areas.

 Arkham's Advantages and Disputes

Arkham’s analytics products have played a significant role in addressing the highly-anticipated crypto incidents of the past.

•  Recover assets for Alameda Research

According to Bitcoin Magazine, Arkham Intelligence found that the liquidator responsible for recovering assets after the collapse of hedge fund Alameda Research had controlled 34.94 bitcoins (BTC), which was worth about $110 million at the time. As of March 2023, multiple wallets have been receiving BTC from exchanges and cold wallets, according to the Arkham report.

•  Euler hacker funds are gradually recovering

In April 2023, Arkham Intelligence was able to track the gradual return of about $200 million of funds stolen by hackers from lending agreement Euler Finance, Coin Desk reported. Analysis shows that the vulnerability exploits a combination of dai (DAI), packaged bitcoin (wBTC), pledged Ether (sETH), and dollar coins (USDC). As Euler negotiates solutions with the hacker, Arkham’s analysis is used to monitor the bulk return of funds.

But, besides the good news, Arkham has also caused some controversy.

•  User email was invited to code link exposed

Arkham previously launched a recommendation function, allowing users to invite others to join Arkham through the generated invitation code link. However, after Arkham announced the issuance of airdrops on July 10, some netizens posted on Twitter that they found that the code for the invitation link could be easily deciphered, exposing the user's email address, and causing dissatisfaction among the cryptocurrency community.

These codes are generated by Base64 encoding. You can see the email address of the recommender by using the free online tool for reverse decoding. This has left many netizens who have publicly released code links through social media platforms with their email addresses actually nowhere to hide.

After the incident, Miguel Morel explained on Twitter that the code link system was created when testing the system with Beta, in order to enable them to reward these users who assist in promotion through email addresses. The company does not use emails for other purposes except for sending communication emails through email addresses and giving rewards. In addition, the recommended users can also see the invitation email when they first open the link, which is to let them know that the invitation is a real Arkham user.

However, Morel admitted that as the user base increases, it is necessary for them to change the way links are generated. They have updated the mechanism, and all generated links will encrypt the user's emails and cannot be reverse deduced.

•  It is accused of making money through human flesh search infringement of user privacy

Anonymity has always been a major feature of the currency circle. However, Arkham has always advocated "de-anonymization" and mentioned in the white paper that "unprocessed and anonymous original transaction data is useless", so he launched the above-mentioned service. However, the Arkham Intel Exchange platform, which allows users to buy and sell information, has also attracted criticism from many privacy-oriented currency users, opposing the use of "human flesh search" to make money.

"Human flesh search is not cool, I'm quite disappointed with you junk coins that betray the whole ecological values. This will bring a lot of harm," AAVE Dao founder Mark Zeller said on Twitter.

Cryptocurrency investment blogger Scott Melker also opposed the idea that the Arkham project is reasonable and ethical, and believed that the currency circle should move more towards privacy rather than to drive backwards in the opposite direction.

However, there is another view that Arkham's feature helps to combat common hacker problems in the currency circle. According to a report by Chain Analysis, as much as $3.8 billion was stolen in cryptocurrency investors in 2022, a record high.

•  Suspected ties to the U.S. government

One of Arkham investors is Joe Lonsdale, co-founder of big data company Palantir. Since one of Palantir's major clients is the U.S. government department, who assisted them in counter-terrorism efforts, the Arkham project is also suspected to be related to the CIA or other government units, causing doubts about privacy violations.

In his statement, Arkham denied the statement, emphasizing that it was not a secret project of the US government and had no involvement with government units.

 What can Arkham be used for?

• Looking back: Check the historical records of wallet address and make analysis, such as changes in total assets and currency holding ratio.
• Instant monitoring: Track the latest updates in wallet addresses, such as instant alerts for giant whale transactions.
• Visualization: Turning intricate address behaviors into a bird's-eye view of golden flow from the perspective of God.