Helius

This is a track for the Redacted hackathon, hosted exclusively on Superteam Earn.

Redacted

Duplicate your submission on the Arkham Intel Marketplace for the chance to win an extra 4,000 ARKM Reward:<a class="link" href="https://intel.arkm.com/exchange/bounties/3fc6ba9e-ad1d-412f-ac74-0f526f28441e">https://intel.arkm.com/exchange/bounties/3fc6ba9e-ad1d-412f-ac74-0f526f28441e</a><h3 class="heading-node">Background:</h3>Solana traders have increasingly encountered challenges related to Initial Coin Offerings (ICOs) promoted on X (Twitter), often instructing participants to send SOL directly to specific addresses. Many investors have followed these instructions, transferring significant funds without clear insights into subsequent project developments or fund management, with widely varying results.&nbsp;For example:<ul class="list-node"><li>$BOME raised $1.66M at 6jfC9p4jzTBTGpMrbR8H464kNo1SBGNCW17oDETzSJrf, investors were able to realize multiples of their initial investment.</li></ul>However, subsequently:<ul class="list-node"><li>$smole raised ~$30M at BL1gBdtuYRYSepKKpoy1GCNSmS1JeGSiNb7tdB2HQzor, investors lost a large portion of their funds</li><li><a class="link" href="http://GM.ai">GM.ai</a> raised ~$30M at 6JR5Jgy9bTvEeuMh5QKRRPXCWq38s97Eba6PxGvdafTQ, investors lost a large portion of their funds</li><li>$SLERF raised $10.8M at HdENn8wP6srk1AuE2CaJj6bRbjcU2kYs12H4C4HgNAsF, investors lost a large portion of their funds</li><li>This trend has raised concerns about transparency, investor outcomes, and overall trust in ICOs promoted via social media platforms.</li></ul><h3 class="heading-node">Deliverable:</h3>The objective of this bounty is to comprehensively investigate and analyze X-based ICOs conducted within the Solana ecosystem. Your submission should:<ul class="list-node"><li>Identify notable ICOs promoted through X that required participants to send SOL directly to a given address.</li><li>Provide detailed tracking and current status of these SOL funds, highlighting where they have moved, associated wallets, and their present disposition.</li><li>Analyze the projects behind these ICOs, including current operational status, delivery of promised products or utilities, and overall investor outcomes.</li><li>Document financial impacts on participants, including return on investment, liquidity availability, and overall market influence of these ICOs.</li></ul><h3 class="heading-node">Judging Criteria:</h3><ol class="list-node"><li>Originality: Innovative approaches, novel insights, and unique perspectives.</li><li>Accuracy: Precise, factually correct, and evidence-supported analysis.</li><li>Depth: Comprehensive exploration of X-based ICOs and their implications.</li><li>Use of Arkham: The Arkham Intelligence Platform should be used in the findings.</li></ol><h3 class="heading-node">Submission Guidelines:</h3><ul class="list-node"><li>Submit your entry on both the Superteam and Arkham Intel Marketplace platforms.</li><li>Properly cite all references and sources.</li><li>Ensure the submission is publicly accessible by the deadline on blogging platforms (e.g., Medium, Substack, Notion, X Post).</li></ul><h3 class="heading-node">Prize Distribution:</h3><ul class="list-node"><li>1st Place - 10,000 USDC</li><li>2nd Place - 5,000 USDC</li><li>3rd Place - 1,000 USDC</li><li>4th Place - 250 USDC</li></ul>Winners are encouraged to share their research and findings on social media platforms (e.g., X/Twitter), tagging @arkham