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Arkham Intelligence has unveiled what they claim to be “the world’s first on-chain intelligence exchange,” according to reports on July 18.
In a video, Arkham claims their platform will enable users to securely and anonymously trade information concerning the identities of various crypto wallet addresses using smart contracts.
Establish connections
On July 18, Arkham Beta’s completion grabbed headlines as it opened up the Arkham Intel Exchange to all users.
The on-chain intelligence marketplace aims to connect on-chain analysts, traders, journalists, and researchers, bridging the gap within the crypto world.
The Arkham Platform is now public and available to all users!
— Arkham (@ArkhamIntel) July 18, 2023
Arkham’s Beta is complete and the platform is now available for all.
The Intel Exchange, along with the Arkham Oracle, are now live. pic.twitter.com/af3KVNHfWx
This week, the Arkham Foundation launched its Arkham (ARKM) token. It was first offered for sale on Binance Launchpad and sold at $0.05.
Binance said the Arkham token sale was unique as it included measures to safeguard users from market fluctuations.
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Initially, the launch price was $0.50 per token, ten times higher than the public sales price during the first five minutes.
However, ARKM was later listed for $0.75.
ARKM is changing hands at $0.602, a 10.02% decrease in the past 24 hours.
As of July 19, 150 million ARKM are in circulation, and 850 million will be unlocked over eight years as part of a vesting schedule.
Arkham scrutinized
Despite initial success, Arkham has been under the microscope.
On July 12, Colin Wu, a crypto reporter, alleged that a considerable amount of user data, including personal email addresses, had been compromised.
Binance’s new IEO project, Arkham, collects a large amount of user data, and personal Email address are also exposed. Its on-chain intelligence trading platform is also considered to personal privacy trafficking, which has sparked criticism from the community.…
— Wu Blockchain (@WuBlockchain) July 11, 2023
More accusations have been made against the platform’s trading system’s on-chain intelligence, claiming it violates personal privacy rights.
These revelations have sparked discussions about handling sensitive user information, as well as the previous affiliate campaign that improperly used personal email addresses in each link.
Read more: Arkham suspected of privacy trafficking, users complain