Bubblemaps (BMT)

Overview

Bubblemaps is a blockchain analytics platform that turns lists of wallet addresses and transactions into interactive pictures. Its token, BMT, connects that research tool to community-led investigations. People can use Bubblemaps to study who holds a token and how wallets have moved funds. BMT holders can help choose which cases receive attention through a feature called the Intel Desk. (bubblemaps.io)

The platform and the token serve different purposes. A bubble map helps people read blockchain activity; BMT gives them a way to take part in parts of the platform’s research system. Bubblemaps works across several networks, while BMT itself is issued on Solana and BNB Chain. This makes the project both a data service and a community for on-chain research. (wiki.bubblemaps.io)

History & Team

From visual maps to community research

Bubblemaps began in late 2022. Its co-founders are Nicolas Vaiman, Léo Pons, Arnaud Droz, and Cameron McIntosh. The project’s published white paper identifies Vaiman as CEO, Pons as CTO, Droz as COO, and McIntosh as CMO. The company behind the project, Bubblemaps SAS, is incorporated in France. (assets-cms.kraken.com)

The team first focused on making token ownership easier to see. Instead of asking users to compare long transaction records, it arranged wallets in maps that show holdings and connections. A 2023 seed funding round led by INCE Capital supported further development. Bubblemaps later built V2, an expanded version of its analytics platform, and introduced BMT through a Binance Wallet token sale on March 11, 2025. (assets-cms.kraken.com)

BMT added a new role for users. Beyond studying maps, they could propose investigations, support cases, and contribute findings. That change helps explain the token’s design: its main functions are tied to access, participation, and rewards for research. (wiki.bubblemaps.io)

Technology & How It Works

Reading a bubble map

A Bubblemaps map begins with a token’s leading holders. Each bubble represents a wallet, and larger bubbles represent larger holdings. Lines show recorded transfers between wallets. Groups of connected bubbles, called clusters, make it easier to see how addresses have interacted. Users can select a bubble to inspect its holdings or examine the transfers behind a link. The standard V2 map shows up to 250 leading holders, with an option to add more addresses. (wiki.bubblemaps.io)

A connection shows activity between addresses, but its meaning depends on context. A large exchange wallet, for example, may hold tokens for many customers. Bubblemaps labels some exchanges and contracts and hides certain addresses by default so they do not dominate a map. Users can reveal them when those addresses matter to an investigation. (wiki.bubblemaps.io)

V2 includes tools for deeper study. Magic Nodes adds intermediary addresses that may connect holders even when those intermediaries no longer hold the token. Time Travel lets users compare a token’s holder map at different points in its history. Another feature, Time Nodes, groups certain interactions with an exchange or contract by time window. These views help researchers move from a snapshot of ownership to a fuller account of how wallets behaved. (wiki.bubblemaps.io)

Bubblemaps supports networks including Ethereum, Solana, BNB Chain, Base, Polygon, Avalanche, Arbitrum, and Tron. Its maps also appear through integrations with other blockchain tools, and developers can bring its data into their own products through an API or embedded map. (v2.bubblemaps.io)

Tokenomics & Utility

Supply and distribution

BMT has a maximum supply of one billion tokens. The project’s published allocation sets aside portions for community distribution, the ecosystem, investors, trading support, the team, technical development, and launch programs. The largest planned shares are roughly 22% for airdrops, 21% for the ecosystem, and 19% for investors. Team and development allocations unlock over time; the project’s schedule says the full supply is planned to unlock over four years after listing. (wiki.bubblemaps.io)

The ecosystem allocation has a more specific purpose. Bubblemaps assigns 70% of that fund to Intel Desk incentives, 25% to rewards that encourage V2 use, and 5% to grants. Those categories show how the token is intended to support both the research community and the software around it. (wiki.bubblemaps.io)

Participation through BMT

The Intel Desk is where BMT’s community role is most visible. Users can submit a case by allocating BMT to a proposal, while other holders can allocate tokens to cases they want investigated. Voting allocation helps guide attention toward particular topics. A vote does not spend the allocated tokens, although participation involves depositing them into the platform’s voting pool. Contributors can also receive BMT rewards for useful investigative work. (wiki.bubblemaps.io)

BMT can fund independent investigation bounties and provide access to selected advanced features. The core V2 map, Magic Nodes, and Time Travel are available without holding BMT. The project describes more detailed holder views and other professional analytics as token-linked features. In this model, broad access to maps brings people into the platform, while BMT supports deeper use and community decisions. (wiki.bubblemaps.io)

BMT exists as a Solana SPL token and a BNB Chain BEP-20 token. The project uses LayerZero’s Omnichain Fungible Token standard to move BMT between those networks. A cross-chain transfer removes tokens from the source network and creates the matching amount on the destination network, keeping supply unified across the supported chains. (wiki.bubblemaps.io)

Ecosystem & Use Cases

Research that others can build on

Bubblemaps is useful when a token’s holder list tells only part of the story. A researcher can examine whether leading wallets received funds from one source, compare ownership at launch with ownership later, or trace transfers through connected addresses. Project teams can use the same views to explain distribution, while developers can place maps or data inside their own applications. (wiki.bubblemaps.io)

The Intel Desk brings people into that work. A case page gathers findings about an event, such as a suspicious token launch or a hack. Investigators contribute research, and BMT allocations help signal which cases the community wants explored. The platform ranks contributions and describes rewards for people who provide useful findings or support meaningful cases. (wiki.bubblemaps.io)

This mix of visual software and shared research gives BMT a defined place in the ecosystem. The maps make information easier to explore; the token helps organize who investigates it and where effort goes next. (wiki.bubblemaps.io)

Advantages & Challenges

Bubblemaps’ main strength is that it makes wallet relationships easier to see. A reader can spot a group of connected holders faster on a map than in a table of addresses. Historical views and intermediary-wallet tools add depth, while support for several chains lets researchers use a similar method across different projects. (wiki.bubblemaps.io)

Interpretation remains the harder part. A transfer between wallets does not, by itself, explain why it happened or prove that both addresses have one owner. Exchange custody and liquidity-pool addresses can also look unusually large until their role is understood. The standard map focuses on leading holders, so smaller addresses may require extra work to examine. Bubblemaps provides ways to add addresses and inspect transfers, but the researcher still has to put the evidence together. (wiki.bubblemaps.io)

The token’s voting model creates another trade-off. Allocating BMT gives holders a clear way to direct attention, and rewards can encourage people to share findings. At the same time, a case’s token support and the value of its evidence are different things. The Intel Desk’s contribution-ranking system is designed to recognize research alongside community interest. (wiki.bubblemaps.io)

Where to Buy & Wallets

BMT is available on Binance, Kraken, and Gate, subject to each platform’s regional availability. These platforms offer ways to purchase or trade the token through an account. BMT can also be held in a self-custody wallet that supports the network used for withdrawal. (binance.com)

Network choice matters because BMT has both Solana and BNB Chain versions. A Solana wallet receives the SPL token; a wallet configured for BNB Chain receives the BEP-20 token. The project publishes both token addresses in its documentation, allowing users to distinguish the two versions when adding a token to a wallet or moving it between platforms. (wiki.bubblemaps.io)

Regulatory & Compliance

Bubblemaps SAS is incorporated in France. In the European Union, a published BMT white paper describes the token under the Markets in Crypto-Assets framework as a crypto-asset other than an asset-referenced token or e-money token. That document discusses BMT’s access and investigation functions and was prepared in connection with admission to trading on Kraken’s platform. (assets-cms.kraken.com)

In the United States, federal treatment of a crypto-asset transaction depends on its facts, including how the asset is offered and what purchasers are led to expect. The SEC’s 2026 guidance explains that an asset’s practical function and the terms of a particular sale both matter to the analysis. (sec.gov)

BMT’s halal or Shariah-compliant status is not established by its published token materials. Those materials describe its uses and distribution but do not provide a Shariah certification. An Islamic-finance assessment would need to consider the token’s functions and the activity in which it is used; the project’s technical description alone does not settle that question. (wiki.bubblemaps.io)

Future Outlook

Bubblemaps’ direction centers on wider access to on-chain data and more ways to use it. Its existing products provide a foundation: multichain maps, historical views, an API, embedded tools, and the Intel Desk. The project’s token allocation also reserves resources for investigative rewards, V2 adoption, and ecosystem grants. How much BMT is used for these purposes will depend on the tools and participation the team continues to build. (bubblemaps.io)

The project’s long-term role is closely linked to the quality of its maps and investigations. Better context for wallet connections and useful contributions from researchers would make the platform more valuable as a shared source of blockchain insight. (wiki.bubblemaps.io)

Summary

Bubblemaps makes blockchain activity easier to explore through visual maps of holders and wallet connections. BMT extends that platform into community research by supporting case proposals, voting allocations, rewards, and access to selected advanced tools. Together, the software and token offer a way for people to examine on-chain activity and help decide which questions receive closer attention. (bubblemaps.io)