Implementation

Originally published in the Arkham whitepaper.

Bounties and auctions can be conducted for any kind of intelligence, not just labels and entity attributions. Some examples of bounties might include the following:

• Finding a hedge fund’s wallet addresses

• Locating the team wallets for a certain protocol

• Finding the real identity of an impersonator of a prominent person

• Victims of an exploit pooling resources to source intel on the exploiter

• A trading firm may wish to buyout intel on their own wallet before a competitor finds it

Intelligence bought and sold on the Arkham Intel Exchange is held exclusively by the acquiring counterparties for a period of 90 days, after which it may be propagated to Arkham for all users to see. Time-bound exclusivity is necessary so that Arkham is not constrained from putting requested intelligence on the platform. If exclusivity were unlimited, then Arkham would not be able to add the same intelligence to the platform even if acquired independently. Indirect intel verification as described in the subpage on the intelligence oracle problem would allow for unlimited exclusivity.

The user interface for interacting with the Arkham Intel Exchange will be deployed on the Arkham Platform. The UI will display a searchable list of the existing intel bounties and auctions on the exchange, and provide a portal for posting new bounties and auctions. Bounty and auction listings display a description of the intel sought or offered, with options to claim or bid.

Bounty posters enter a description of the intelligence sought, the time limit for the bounty, and the bounty size. They then use their browser wallet to stake the bounty ARKM in the bounty smart contract. Once the transaction clears, the bounty is posted to the exchange.

Auction holders enter a public description and set the parameters for the auction, and submit the intelligence to be sold for review. Once their staking transaction clears, the submission is reviewed and, if approved, posted to the exchange under the conditions set by the auctioneer.

note: v1 of the Intel Exchange will only include bounties. Auctions coming in v2.

DISCLAIMER: THIS IS NOT AN OFFERING OR THE SOLICITATION OF AN OFFER TO PURCHASE TOKENS. THIS DOCUMENT CONTAINS HYPOTHETICAL, FORWARD-LOOKING STATEMENTS WHICH ARE NOT GUARANTEED AND MAY DIFFER FROM THE ACTUAL DESIGN, IMPLEMENTATION, AND OPERATION OF THE TECHNOLOGIES, MECHANISMS, AND OTHER ELEMENTS DESCRIBED. ARKHAM MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE COMPLETENESS OR ACCURACY OF THIS DOCUMENT AND IT IS SUBJECT TO CHANGE WITHOUT NOTICE.