Binance, the world’s largest crypto exchange platform in terms of volume, has exciting news to share. They are now extending their support to a groundbreaking altcoin project called Arkham (ARKM), which introduces a unique concept of “intel-to-earn.” This innovative platform enables users to engage in buying and selling on-chain crypto data.
Through an official company announcement, Binance reveals that they are introducing Arkham (ARKM) on their Launchpad platform, designed specifically to assist startup blockchains. This native token is associated with an intelligence exchange where users can place bounties on specific information they seek.
Arkham itself explains the motivation behind the creation of their intelligence exchange. They noticed a growing demand for on-chain analysis, alongside an increasing number of individuals capable of providing such analysis. With this platform, both buyers and sellers can benefit from its features.
The process is simple: buyers on the Arkham Intel Exchange can request intelligence by placing bounties, specifying the information they require. Bounty hunters can then claim these bounties by submitting the requested intel, earning themselves rewarding incentives.
On the other hand, individuals possessing valuable information about a wallet or its owner have the opportunity to sell that information either at a fixed price or through auction to other users. This dynamic creates a liquid market for information, enabling on-chain sleuths to monetize their work significantly—an approach they aptly term “intel-to-earn.”
Arkham further elaborates on the workings of the platform, highlighting that buyers who acquire information will enjoy exclusive access for a period of 90 days. After this initial period, the data becomes accessible to all users, ensuring decentralization of knowledge within the community.
When buyers post bounties, they can request intel on any topic of interest to them. Bounty hunters then fulfill these requests by providing the requested information. Any intel bought and sold on the Intel Exchange will be exclusively held by the acquirer for 90 days, allowing them to extract maximum value from the information in the short run. Ultimately, this approach promotes the long-term decentralization of on-chain knowledge within the community.
By introducing support for the Arkham (ARKM) altcoin project, Binance is empowering users to engage in the exciting world of on-chain data analysis while providing an efficient platform for buyers and sellers to interact and benefit from valuable information.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.