$ARKM starts at $0.75 after a price of $0.05 on Binance

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

$ARKM, an “Intel-to-earn” token

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

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 given 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 benefit.

ArkhamIntel Tokenomics

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

Additionally, Arkham has raised over $10 million in two funding rounds. Bedrock Capital, Tim Draper, Wintermute Trading, GSR Markets and the co-founders of Palantir and OpenAI are among the investors. The first users of the platform and the beta testers will receive rewards of the platform. These rewards basically consist of giving away 197 tokens worth around $147 at the current price.

Despite the rewards it brings, Arkahm’s token failed to appeal to all crypto investors. Indeed, some deplore the ethical side saying it’s about to use some to violate the privacy of others. To make matters worse, the Arkahm Intel company made a big mistake during a marketing campaign. Indeed, it would have included personal email addresses in a user’s unique referral link.

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