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Ramp integrates ARKM to empower advanced blockchain analytics

Nick Marchenko
on
26.6.2024
Reading time:
3 minutes

We're excited to announce that Ramp now supports ARKM, the native utility token of the Arkham Intelligence platform. This integration enables users to purchase ARKM seamlessly, expanding our comprehensive on-ramp solution and enhancing accessibility to this innovative blockchain intelligence ecosystem.

Last edited on
June 26, 2024

About Arkham Intelligence and ARKM token

Arkham Intelligence leverages artificial intelligence to analyze blockchain data, providing users with insights into transaction patterns and fund flows. This analysis can benefit both individual and institutional users who need to understand blockchain activities for applications ranging from security to compliance.

ARKM, the native token of the Arkham platform, is crucial for its operations and incentive structures. As of May 2024, ARKM had a market cap of $514,100,110 according to CoinGecko. Remember, don’t invest unless you’re prepared to lose all the money you invest.

Key roles of ARKM:

  1. Utility in transactions and fees – ARKM is used to pay for various fees on the platform, including transaction fees within the Arkham Intel Exchange, a marketplace for crypto intelligence data. This utility drives demand for ARKM as users engage with the platform's services.
  2. Intel-to-earn and incentive mechanisms – at the heart of Arkham’s ecosystem is the intel-to-earn system, where users earn ARKM by contributing intelligence. This not only incentivizes active participation but also supports a continuous flow of actionable insights across the platform. However, some believe this data sharing could be a threat to the principles of privacy and anonymity in the cryptocurrency space. 
  3. Governance and strategic influence – ARKM holders have governance rights, enabling them to vote on decisions about the platform’s development and strategic direction. This aligns with decentralized governance principles, fostering a community-driven approach.
  4. Discounts and economic Incentives – users can benefit from discounts when using ARKM for payments on the platform. These incentives encourage users to retain ARKM tokens, and promotes  long-term engagement.

ARKM is a core component of the Arkham Intelligence ecosystem. Its multifaceted roles in transaction facilitation, governance, incentives, and discounts make it integral to the platform’s operation and growth.

Ramp's role and innovations with ARKM integration

Our recent integration of ARKM reflects Ramp's commitment to broadening access to innovative cryptocurrencies and decentralized finance (DeFi). Users from over 150 countries can now purchase ARKM using various payment methods such as credit/debit cards, bank transfers, Apple Pay, and PIX, with the option to pay in over 40 local currencies. 

This integration positions Ramp as the first major on-ramp provider supporting ARKM, significantly enhancing the ease of accessing this crucial utility token. Furthermore, our partners can now enable ARKM in their applications, extending its reach and utility.

Stay updated with our latest advancements as we continue to enhance the crypto experience for users globally.

Connect with us

Do you have a project on Ethereum and need an on- and off-ramp solution? Or do you want to enable your users to buy ARKM directly within your app? We're eager to explore potential partnerships and collaborative opportunities. Reach out to us to discuss how we can support your project and help advance blockchain intelligence and innovation.

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Nick Marchenko

Product Marketing Manager

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