Binance IEO Arkham to Launch Electronic Marketplace for On-Chain Data

Buy and sell blockchain data

Major crypto asset (virtual currency) exchange Binance announced plans for a token sale (IEO sale) for Arkham (ARKM) on the 10th.

This is the 32nd token sale on Binance Launchpad. The ARKM token will be used as the native currency in the economic zone built by the on-chain data provider “Arkham Intelligence (Arkham)”.

The token sale begins at 9:00 on the 11th, Japan time, and a 6-day preparation period begins, and the calculation of the BNB balance begins. The final distribution of ARKM according to the amount of BNB is scheduled for 16:00 on the 18th.

Introducing the @ArkhamIntel $ARKM token sale on #Binance Launchpad!

https://t.co/OXltqaCuel pic.twitter.com/XJjRcPVyJP

—Binance (@binance) July 10, 2023

connection: What is IEO, a new method of raising funds for cryptocurrencies | Explaining the differences and advantages from ICOs

Arkham has announced the launch of an on-chain information trading platform, the Arkham Intel Exchange, in conjunction with the token sale on Binance. The platform will go live on the 18th.

Announcing The World’s First On-Chain Intelligence Exchange

Buy and sell information on the owner of any blockchain wallet address—anonymously, via smart contract. pic.twitter.com/4xr7dLvOjp

—Arkham (@ArkhamIntel) July 10, 2023

The Arkham Intel Exchange buys and sells information about all cryptocurrency wallets. For example, “What is the address of a particular hedge fund?” or “Who is the person pretending to be a celebrity?”

Arkham claims in its white paper that “information on the blockchain is public, but as it is, it is highly anonymous and less convenient.” The company is working to de-anonymize blockchain information.

The purpose of providing a trading platform is to match people who want to provide information with those who want to provide it. Information is sold at a buy and sell price or in an auction format.

Arkham explained that there are two trends behind the construction of the trading platform:

• On-chain analytics are in high demand among investors, journalists and others
• The number of talented researchers is increasing, but opportunities to earn rewards are lacking

The announcement claims that the information being sold has been certified by the Arkham Foundation and is accurate and reliable. It explains that the smart contracts it uses are audited by Quantstamp.

Concerns about de-anonymization

While some praised the trading platform, there were also many criticisms over privacy concerns.

One Twitter user said he could not provide information or support to services that sell personal information or data.claim. He pointed out that it is important to respect privacy and be ethical when handling personal information.

Also, Arkham’s service is “Dox-to-Earn”voiceis also rising. “dox” is exposing personal information to the Internet. In other words, it points out that it is a service that allows you to make money by exposing your personal information.

The post Binance IEO Arkham to Launch Electronic Marketplace for On-Chain Data appeared first on Our Bitcoin News.