$ARKM opens at $0.75 after trading at $0.05 on Binance

The ArkhamIntel native token ($ARKM) is sold at $0.75 with a capitalization of $113 million after being sold at $0.05 on Binance Launchpad. Users have locked up a total of $2.4 billion in Launchpad to ensure a better chance of receiving the full allocation.

.@ArkhamIntel native token ($ARKM) is trading at $0.75 with a $113 million market cap after being sold for $0.05 in the @binance launchpad. Reports @oknightcrypto.https://t.co/2D7eRaYzYu

— CoinDesk (@CoinDesk) July 18, 2023

$ARKM, an Intel-to-earn token

$ARKM is the native token of ArkhamIntel or Arkham Intelligence. It is currently trading at $0.75, giving it a market capitalization of $113 million. Yet it was at $0.05 on Binance Launchpad when it was submitted to beta testers and participants in general.

This token is said to be “intel-to-earn” precisely because it was first sold at $0.05 on Binance Launchpad. This is because the maximum allocation granted to investors was $15,000. Users blocked a total of $2.4 billion in Launchpad to give themselves a better chance of receiving the full allocation.

ArkhamIntel tokenomics

Currently, 150 million $ARKM tokens are in circulation. Over an 8-year acquisition period, 850 million tokens will be unlocked.

In addition, Arkham has raised over $10 million in two rounds of financing. Investors include Bedrock Capital, Tim Draper, Wintermute Trading, GSR Markets and the co-founders of Palantir and OpenAI. Early adopters and beta-testers will receive rewards from the platform. These rewards essentially consist of 197 tokens worth around $147 at the current price.

Despite the rewards it offers, Arkahm’s token hasn’t won over all crypto investors. Indeed, some deplore the ethical side, saying it’s about using some to violate the privacy of others. To make matters worse, Arkahm Intel committed a major error during a marketing campaign. In fact, it is said to have included personal e-mail addresses in a user’s unique referral link.

As a reminder, ArkahmIntel is a platform offering an open marketplace for the exchange of crypto-intelligence data. Could it become a major Web3 player now that it has its own native token?