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Many crypto traders believe in using technical analysis to predict a crypto asset's price movement, but in actuality, technical analysis alone is insufficient in getting an accurate signal of an asset's future price performance. As crypto and blockchain become more sophisticated, it’s increasingly evident that a form of analysis unique to crypto is required to obtain deeper insights into a crypto's price movement. With that comes the birth of transaction analysis.
Since blockchain transactions are permanently stored and inherently public, anyone should be able to access them easily. Yet, because of blockchain's pseudonymous nature, transactions are rendered anonymous, making it difficult to track and analyze them.
Arkham seeks to deanonymize and analyze blockchain data so that the crypto industry will be even more transparent and liquid as even the most conservative traders gain confidence in reaping profits.
Key Takeaways:
Arkham aims to deanonymize and analyze blockchain transactions, promoting transparency and trust within the crypto community.
It offers an intelligence platform to generate detailed blockchain analytics powered by artificial intelligence, and an Intel Exchange where users can trade crypto intelligence using the ARKM token.
The ARKM token plays a vital role in the Arkham Intel Exchange, and is also offered as an incentive and for discounts to Arkham platform users.
Arkham is a crypto intelligence platform that works to deanonymize and analyze blockchain transactions by systematically connecting them with real-world entities and individuals. The project has two core components: an intelligence platform and the Arkham Intel Exchange.
Its intelligence platform uses artificial intelligence (AI) to scale up information generation so that data can be easily gathered for analysis. Meanwhile, the Arkham Intel Exchange utilizes a bounty and auction system, in which addresses and transactions can be traded using Arkham’s native currency, ARKM.
While blockchain analysis platforms like Chainalysis already exist, their services are only offered to major institutions, such as government agencies and exchanges. Arkham aims to help crypto users and even institutions self-regulate through its intelligence platform and Intel Exchange, paving the way for a more robust and truly decentralized financial (DeFi) ecosystem.
Centralized exchanges (CEXs) and the larger DeFi ecosystem face numerous challenges that can be mitigated by self-regulation. First of all, even if centralized exchanges use Know Your Customer (KYC) rules to enhance regulatory compliance within the industry, KYC can be easily compromised by bad actors. For instance, if a CEX's security is weak, fraudsters can trick the system by using counterfeit or stolen IDs, thereby undermining the integrity of the exchange.
The controversy of proof of reserves (PoR) also underlines the importance of self-regulation for institutions. While it helps improve transparency in crypto exchanges to a certain extent, PoR falls short in providing a comprehensive audit report, as it only captures evidence of customers' assets at a specific time when an audit is conducted. The fast-paced nature of crypto transactions in exchanges quickly renders the information outdated and irrelevant.
For DeFi projects, self-regulation becomes even more critical since their token distribution schedules can become fully transparent, allowing users to easily verify their accuracy and closely monitor the relevant data. Furthermore, DeFi's anonymous nature is also conducive to money laundering, as anyone can use a crypto mixer to mask their transactions. By embracing self-regulation, users are truly empowered to take charge of their own data and transactions, reducing reliance on third parties and promoting a more decentralized and secure financial environment.
With more transparency in the crypto space, markets are more likely to be fair, since it will be easy to uncover the identities of the whales moving the market. That said, Arkham’s intel-to-pay system has faced serious criticism from some crypto enthusiasts concerned that the platform may be breaching ethical standards by incentivizing individuals to sell others' privacy.
The Arkham intelligence platform collects data across blockchains, such as Bitcoin, Ethereum, Avalanche, Polygon and Arbitrum, for a comprehensive analysis, which it can then break down into data for individual chains by aggregating it into a single source that can produce any requested information. This data is then used to determine the real-world identities of the blockchain addresses.
Meanwhile, the Arkham Intel Exchange allows two parties to trade crypto intelligence, such as blockchain addresses and transactions, in two different ways: staking their ARKM tokens as bounties, or bidding in auctions.
The Arkham intelligence platform has developed an AI system called Ultra that collects both on-chain and off-chain data, combining it into a single information source before presenting it via the Profiler. Through the Profiler, users can view all the real-time and historical activities of an entity or an individual.
The Profiler categorizes the information in four ways:
Portfolio: Current and historical on-chain data displaying all the assets held by an address, grouped according to token and chain.
Historical Performance: Total balance history and historical profit and loss in USD
Counterparties: Exchange usage by volume, split into deposits and withdrawals, and top address/entity counterparties by volume
Transactions: Full transaction history updated in real time, which can then be filtered in various dimensions for ease of search
While the Profiler is the heart of the Arkham platform and displays a full picture of an individual or entity's behavior, the platform also contains other features that offer a deeper or more holistic analysis if required. The Visualizer, for instance, allows you to analyze the relationship between individual addresses or entities, and can be customized through Arkham filters to focus on specific transactions. You can also use Alerts to monitor any transaction you pick through Arkham filters. Meanwhile, you can create your own custom data feed in the Dashboard, and even share your Dashboard with your friends through a URL.
The Arkham Intel Exchange offers a decentralized way to trade blockchain analytics and data metrics. There are four main participants in the exchange: bounty hunters, bounty posters, intel merchants and inter collectors.
In the bounty system, the buyers or bounty posters stake ARKM as the initial bounty to search for specific on-chain data analytics. When the initial bounty is placed, other bounty posters can add to the stake by staking the same or a larger amount of AKRM tokens, which raises the total reward of the bounty and, thereby, the incentives of the bounty hunters.
If you wish to remain the only intel recipient even after other bounty posters have added their stake, you'll have to buy out the joiner stakes. A bounty hunter then submits a bounty solution which undergoes an intel verification process. Every bounty hunter must stake 10 AKRM, which will be lost if their submission is rejected. If their submission is verified, they’ll receive the entire staked bounty.
Meanwhile, in the auction system, intel merchants first post crypto intelligence for auction for verification, and once approved, they wait for interested intel collectors to bid for the blockchain analytics. The auction system operates akin to NFT marketplaces, with sellers determining purchase price, minimum bid and the duration of the auction. Each Intel merchant must also stake 10 AKRM, which they’ll lose if their submission is rejected. The staked ARKM tokens will be returned to them if their submission is accepted, and the auction will commence.
Both bounty posters and intel collectors can hold the information exclusively for up to 90 days, after which the information will be made available to all participants on the Arkham platform.
The Arkham token (ARKM) is the utility token for the Arkham Intel Exchange, but it can also be earned as incentives in two ways. First, you’re rewarded ARKM tokens for performing tasks beneficial to the Arkham community. Secondly, when you hold or make payments in ARKM, you also receive a discount of up to 60%.
ARKM made its debut in the Binance launchpad sale at $0.05. The Arkham platform also released an ARKM airdrop to its early supporters. ARKM’s total supply is 1 billion tokens, with 150 million currently circulating. The remaining 850 million ARKM tokens will be unlocked over an seven-year vesting schedule. The ARKM tokens are distributed as follow:
As of Jul 25, 2023, the ARKM’s current price is $0.51, which is 35.2% lower than its all-time high of $0.798 and 0.06% higher than its all-time low of $0.569.
Although its price has been dropping since its release, many price analysts are relatively confident about the future value of ARKM. BTCC Academy's research analysis forecasts that ARKM will cross $1 in 2025 and possibly reach $4 by 2030. Bitnation holds a similarly optimistic view toward the token, anticipating ARKM to average $1.97 in 2035 and hit $4.55 in 2030.
While these optimistic price predictions are certainly encouraging, note that they should not be considered as financial investment advice. Always do your own research before investing in altcoins, especially in new projects that tend to exhibit higher volatility.
You can buy ARKM from major exchanges such as Bybit. ARKM can be traded on Bybit as a spot pair (ARKM/USDT). Between Jul 18 and Aug 1, 2023, you'll also have the exciting opportunity to participate in a 50,000 USDT prize pool event. To be eligible for the reward, all you need to do is accumulate a Spot trading volume of at least 100 USDT worth of ARKM, and you’ll be able to earn 25 USDT worth of ARKM.
While the move to unmask blockchain addresses may have ruffled the feathers of privacy-focused crypto advocates, Arkham remains committed to revolutionizing financial data analysis in the crypto space. By harnessing the power of AI and blockchain technology, the platform seeks to bring greater insights and understanding to the dynamic world of cryptocurrencies. As the crypto industry continues to evolve, Arkham's innovations and commitment to transparency may pave the way for a more inclusive, secure and thriving financial future for all DeFi participants.
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