By
Steve Muchoki
May 10th, 2024
The Arkham project is focused on deanonymizing blockchain technology through a decentralized token financial system to enable a safe adoption of the crypto market among other reasons.
The Binance cryptocurrency exchange has announced the 32nd token sale on its Launchpad involving the Arkham (ARKM) project. According to the announcement, 5 percent of the total ARKM supply, amounting to about 50 million units, has been allocated to Binance Launchpad. As a result, each user on the Binance Launchpad is capped at 300k ARKM units or about $15k at a price of around $0.05, as the project aims at raising about $2.5 million from the crypto traders.
Further Notes on Arkham Binance Token Sale
Notably, the Arkham (ARKM) token sale on Binance Launchpad is expected to be subscription-based to minimize the chances of insider trading. Additionally, the ARKM token sale on Binance Launchpad will only be in BNB coins. However, the leading centralized exchange has restricted users from several jurisdictions from participating in the ARKM token sale on its Launchpad.
Among the countries mentioned by Binance include: Belarus, Cuba, the Crimea Region, the Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, the United States of America and its territories, and Zimbabwe.
Anyone else from the remaining countries can begin the quest to invest in an early project from July 11 to July 17, when the preparation period will begin. During the ARKM token sale preparation period on Binance Launchpad, the user’s BNB balances will be calculated in hourly snapshots for each day over the past six days. The final average daily BNB balance over the past six days will determine the maximum amount of BNB that a single user can commit in the ARKM token sale.
After the preparation period, users will be required to enter the subscription phase which will be open for 24 hours to eligible users. The ARKM early adopters via Binance Launchpad will have their BNB assets locked until the final distribution period.
Project Activities
The Arkham project is focused on deanonymizing blockchain technology through a decentralized token financial system to enable a safe adoption of the crypto market among other reasons. The Binance Launchpad ARKM token sale coincided with the launch of its on-chain intelligence exchange to allow users to trade information regarding blockchain Wallet addresses anonymously, via a smart contract.
Notably, traders on the Arkham Intel Exchange request blockchain intelligence information from the community by placing bounties.
The Arkham bounty hunters can then claim rewards by submitting the requested intel. In a bid to prevent spamming accounts, Arkham has set that all bounty hunters must stake a small amount of ARKM tokens, which will be slashed in the event their submissions are not approved.