- Cryptocurrency exchange Binance has announced that Arkham (ARKM
) token will be the 32nd token sale project on its launchpad platform.
- Each user will have a limited participation amount equivalent to $15,000 or 300,000 ARKM tokens.
- Starting from July 11, Binance will initiate a six-day holding period for users to secure their BNB balances.
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Cryptocurrency exchange Binance has announced its new launchpad project, set to commence on July 11. Here are all the details about the launchpad!
Binance Announces New Launchpad Project
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Cryptocurrency exchange Binance has announced that Arkham (ARKM) token will be the 32nd token sale project on its launchpad platform. The Arkham token sale will take place on Binance Launchpad, with a total limited sale amount of $2.5 million.
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Each user will have a limited participation amount equivalent to $15,000 or 300,000 ARKM tokens. The total token supply for Arkham will be 1 billion ARKM tokens, with 50 million allocated to Binance Launchpad. This allocation constitutes 5% of the total supply.
Starting from July 11, Binance will initiate a six-day holding period for users to secure their BNB balances. The final BNB balance for each user will be calculated as the average balance over these six days.
Subscriptions will open for eligible users on July 17, allowing users to commit their BNB on the exchange. On July 18, the final token allocation will be determined, and the corresponding amount of Arkham tokens will be transferred to users’ accounts, deducting the relevant BNB balance.
Details About Arkham
Arkham operates as a blockchain analytics platform, providing data on real-world assets and individuals participating in blockchain crypto market activities.
Alongside the token sale news, Arkham also announced an on-chain marketplace that enables users to anonymously buy and sell data about the owners of blockchain addresses. The company stated on Twitter, “Arkham Intel Exchange empowers trackers to monetize their skills and meets the demand for scalable blockchain intelligence.”
The public sale token price will be set at $0.05 per ARKM. The BNB price will be determined before the subscription period.
It was mentioned that users from Belarus, Cuba, Crimea region, Democratic Republic of the Congo, Iran, New Zealand, North Korea, South Sudan, Syria, the United States, and its territories are not eligible to participate in the sale.