The Launchpad and Token Distribution
Users locked up $2.4 billion in the launchpad to increase their chances of receiving the full allocation. The native token of Arkham Intelligence, ARKM, is currently trading at $0.75 with a market cap of $113 million. The token was initially sold for $0.05 on the Binance launchpad, with investors limited to a maximum allocation of $15,000.
Airdrop and Token Vesting Schedule
Early users and beta testers of the platform received an airdrop, with most users getting 197 tokens worth approximately $147 at the current trading price. There are currently 150 million tokens in circulation, and 850 million tokens will be unlocked over an eight-year vesting schedule.
Controversies and Ethical Concerns
The announcement of Arkham’s token sparked a divide among crypto investors. Some expressed concerns about the ethical implications of paying users to breach others’ privacy. Additionally, the company made a mistake in an affiliate campaign by including personal email addresses in a user’s referral link.
Investors and Equity Rounds
Arkham raised over $10 million in two equity rounds, with investments coming from notable figures such as Tim Draper, Bedrock Capital, Wintermute Trading, GSR Markets, and the co-founders of Palantir and OpenAI.
Closing Thoughts
Arkham Intelligence’s token distribution and controversies have garnered attention in the crypto community. While some investors see potential in the project, concerns about privacy and ethical practices have led to skepticism. It remains to be seen how the company will address these concerns and navigate the evolving landscape of the cryptocurrency industry. Overall, the launchpad and the subsequent token distribution have been met with mixed reactions from investors.
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