Blockchain analytics platform Bubblemaps has announced a new initiative to reward users who uncover fraud and suspicious activity in the cryptocurrency ecosystem.
The platform called Intel Desk, developed by the company, will distribute rewards to contributing users with its own token, BMT.
According to Bubblemaps CEO Nicolas Vaiman, 30 million BMT tokens, equivalent to approximately 3% of the total supply, will be distributed through seasonal airdrops during the first year. At current prices, this is worth approximately $2 million. BMT currently trades at $0.0647, with a market capitalization of over $16 million.
“We will be airdropping the users who contribute the most and bring forward the most impactful cases each quarter. All they have to do is connect their X account and submit a request,” Vaiman said.
Intel Desk indexes the findings, which crypto researchers typically share on X (formerly Twitter), on a case-by-case basis. Bubblemaps argues that this method creates a “distributed alert system” faster than traditional firms.
The rewards will come not only from the Bubblemaps treasury, but also from user fees paid by creating or voting on cases. In the future, community-supported investigations will be able to be supported by reward pools funded through BMT.
*This is not investment advice.
