Preface
The same principle remains true for all changes. This issue of Binance’s LaunchPad project Arkham is still the same as the previous ones, which is to occupy the core Web3 traffic entrance of the exchange. Hook Protocol game entrance, Open Campus education track traffic entrance, SPACE ID domain name traffic entrance. This issue of Arkham is to occupy the traffic entrance for intelligence information mining on the chain.
1. Project token: ARKM;
2. Initial circulation: The total amount of ARKM is 1 billion, the initial circulation is about 150 million, accounting for 15%, and the initial circulation market value: 7.5 million US dollars;
3. The total amount of LaunchPad issued: 5000W, accounting for 33.33% of the circulation ratio;
4. Sales price: 0.05 USD/ARKM
5. Position statistics time: 2023-07-11 8:00 — 2023-07-17 08:00 (Beijing time);
6. Investment time: 2022-07-17 14:00 - 2023-07-18 14:00 (Beijing time) The investment time has been extended from the previous 3 hours to 24 hours;
7. ARKM Token distribution details:
8. ARKM Token release mechanism:
9. Community statistics: Discord: 33700 online: 2300+, TG: 11000, Twitter https://twitter.com/ArkhamIntel: 20.7W.
10. Project official website: https://www.arkhamintelligence.com/
11. Project analysis
Arkham is a platform that uses AI technology to provide on-chain data and intelligence analysis and earn rewards, namely the Intel-To-Earn platform. The platform uses its own proprietary artificial intelligence engine ULTRA to match addresses with real-world entities through algorithms, providing users with a complete portrait of address transaction behavior. Ultra has been in development for more than three years and has the support of Palantir and OpenAI founder Sam Altman.
Arkham's two flagship products include an intelligence analysis platform and an intelligence trading platform. The data analysis platform is relatively mature. The data analysis platform provides functions such as address tags, positions, transfers, and interactive addresses, so that it can be tracked in a timely manner like nansen and watchers. The latest developments of smart money from large institutions on the chain assist investors in trading; and Arkham Intel Exchange is a decentralized address intelligence trading platform, positioned as the world's first on-chain intelligence exchange. On the one hand, users can trade in this market through Issue bounties to request information from tipsters. Bounty hunters, on the other hand, can receive rewards by submitting the required information.
For the Intelligence Market, any intelligence will be held exclusively by the buyer for 90 days, but will then be made public to all users. This gives buyers plenty of time to react to the purchased intelligence, but also allows enough valuable intelligence to be disseminated to the community.
ARKM is the native utility token of the Arkham platform. It has the following features:
Intelligence Data Analysis Platform: ARKM is the currency of the Arkham Data Analysis Platform, the first open market for trading cryptographic data analysis.
Governance: Token holders enjoy governance rights and can vote on Arkham’s strategic direction.
Incentives: Users receive ARKM rewards by submitting information intelligence, recommending new users, and other behaviors that are beneficial to the development of the ecosystem. At the same time, through rewards and discounts, an incentive system is created to accelerate the adoption of Arkham. When you pay with AKRM, you can enjoy a 20% discount. If you hold ARKM, you can continue to enjoy a discount of up to 50%. When the two items are combined, the discount can reach up to 60%.
In terms of project financing, the project raised US$12 million in a round of financing announced on April 17, 2023, and allocated 20% of the tokens to investors. Investors include Coinbase Ventures, DCG, Bedrock Capital, and angel investors include Silicon Valley venture capital godfather Tim Draper, OpenAI co-founder Sam Altman, and Peter Thiel. Judging from this round of financing announced by Arkham and the distribution of investor tokens, the financing cost is approximately US$0.06 per ARKM, and the project valuation is US$60 million.
There is also an unannounced round of financing, which mainly adds market maker investment institutions. Financiers include the top market making team Wintermute Trading, as well as GSR Markets, etc. (Is there no Binance Labs in the latest round? Or is it deliberately not announced)? The latest round After this round of financing, the previous round of financing has been diluted, and the proportion of tokens held by investors has dropped to 17.5%. The latest valuation is US$150 million. If calculated based on the valuation of US$150 million, the latest ARKM is US$0.15. Compared with the previous round, round of financing, the valuation has increased significantly.
According to the IEO valuation of US$0.05/ARKM, the full circulation market value of the project is US$50 million. IEO is cheaper than both rounds of financing.
Similar projects Nansen and Dune can be compared in terms of valuation. Nansen's latest round of financing was at the end of 2021, with a valuation of US$750 million. Dune Analytics' latest round of financing was in February 2022, with a valuation of US$1 billion. It is considering listing on a leading exchange. At a premium, the initial listing valuation may be close to or even exceed US$1 billion, which means there is a high probability of listing at $1, which is 20 times the IEO price of 0.05.
If the exchange price on ARKM refers to the previous IEO EDU. The opening pin of EDU was listed at the highest price of 1.18 dollars. It opened low and moved high. The highest price on the day was 1.49 dollars. Calculated based on the opening price of 0.05 dollars, that is, the highest is 30 times. Most of the time, it is 1.25 dollars, which is more than 25 times. The initial circulation of EDU is 14.5 %, that is, the circulating market value remains at 168 million US dollars most of the time. EDU's current full circulation market value is approximately US$680 million, and its current circulation market value is approximately US$126 million.
https://www.coincarp.com/zh/project/nansen/
https://www.coincarp.com/zh/project/dune-analytics/
If the opening price is calculated as 25 times ARKM, that is, the opening price is 1.25 dollars, the initial circulation market value is approximately 187.5 million US dollars. The full circulation market capitalization is US$1.25 billion.
According to the 1000w BNB betting amount (refer to SPACE ID: 867w, HOOK: 900w, EDU: 908), each BNB quota is 5 ARKM. If the average BNB price is 250 US dollars, the yield: 0.05 * 25 * 5 / 250 = 2.5% ,
If Venus borrows money to participate in an IEO, if the loan interest rate is 150% apy, the loan time is 6.5 days, the capital cost is 1.425%, and the capital can be recovered 14.25 times, the risk of borrowing money to participate in an IEO is relatively small.
If you directly purchase BNB and participate in IEO with contract hedging, the average daily funding rate of perpetual contract hedging is 0.25 points, and it takes 0.25 * 6 days = 1.5% of the income to recover the capital. The risk of purchasing spot perpetual short hedging is also relatively relatively high. Small.
Arkham is another Web3 traffic portal occupied by Binance. Binance can capture a large number of cryptocurrency investment researchers’ traffic under the Arkham intelligence mining ecosystem, and the users in this ecosystem are core users of crypto ecological transactions. Arkham’s From this point of view, the role is very important to Binance.
This IEO is almost 2 and a half months after the last EDU. During this period, the crypto market has undergone great changes. Due to the SEC’s strong supervision of exchanges such as Binance and Coinbase, and a large number of cryptocurrencies being defined as securities, market liquidity has resulted. Shrinking, transactions shrank sharply. BNB has also fallen from a high of $350 to the current level of about $250, a drop of nearly 30%. The valuation of the Binance IEO project has also shrunk a lot following the valuation of BNB.
However, just as what is unkillable makes you stronger, the blockchain and encryption world can always stand up driven by innovation and then build stronger consensus and beliefs.
To sum up, the early bull market market + small circulation + strong financing background + new Web3 track, this issue of LaunchPad has good value for money. Holding BNB and participating in IEO can yield relatively good returns.
As an in-depth participant in the Binance ecosystem, your approval can inspire the author to keep writing even in the dead of night, to work tirelessly, to live an endless life, and to strive endlessly.
Risk warning: Investment in blockchain is very risky, and you may lose all your investment funds. This article is only a personal investment record and does not constitute investment advice. All opinions in this article only represent personal positions and do not have any guiding role!
