By the end of this month, Bubblemaps, a prominent analytics company specializing in blockchain technology, will introduce its exclusive cryptocurrency on the Solana blockchain. This move makes Bubblemaps one more company joining the expanding group of digital asset service providers who have launched their own cryptocurrencies amidst the recent bull market’s surge.
As an analyst, I’ve come across a post on platform X (previously known as Twitter) suggesting that the forthcoming Solana-based token will serve as the foundation for a novel investigation platform called Intel Desk. The firm intends to launch this platform in the near future. From the first quarter of 2025, users will be empowered to submit their investigation requests, with Intel Desk positioning itself as the pioneer in the realm of on-chain governance for investigations.
The Solana Bubblemaps Token
The recently introduced Solana Bubblemaps Token (BMT) enables users to cast votes on specific proposals. If a proposal gathers sufficient votes, Bubblemaps will initiate an investigation into the issue at hand, with the voters contributing their on-chain detective resources. Additionally, members of the community and contributors are invited to share their insights or assist Bubblemaps in uncovering the true story behind controversial projects.
As stated by Nick Vaiman, co-founder and CEO of Bubblemaps, the Bubblemaps core team will ensure the accuracy of the research and decisions they make. However, the outcomes or findings of these activities will be made public without any favoritism or prejudice.
The main staff at Bubblemaps will conduct investigations to make sure the results are reliable and useful. After each investigation is finished, we’ll make the outcomes openly accessible,” explained Vaiman.
Significantly, Bubblemaps asserted that the integration of BMT would enable access to several enhanced features in Bubblemaps V2. Among these are profit and loss (P&L) calculations, cross-chain analysis capabilities, interpretation of clusters using artificial intelligence, and maps displaying information about the top 1,000 holders.
The Ecosystem Fund
Additionally, it’s worth mentioning that those who utilize their tokens to decide on proposals will get their BMT tokens restored when the related issue is closed. This return process is automated, and individuals involved in Intel Desk projects will be compensated from the Ecosystem Fund.
The Ecosystem Fund, often referred to as a portion of BMT reserves set aside for incentives, doesn’t yet provide comprehensive information about its token distribution and economic structure (tokenomics). According to Bubblemaps, they plan to reveal more details about this by the end of the current week.
Bubblemaps gained traction following the discovery that over 96% of the initial Hawk Tuah (HAWK) tokens launched by internet sensation Haliey Welch in 2024 were primarily held by only a few wallets. Subsequently, the platform conducted a thorough examination to uncover additional details, ultimately verifying that HAWK was indeed a scheme for inflating and quickly selling off tokens, also known as a pump-and-dump operation.
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2025-01-14 20:54