In a recent tweet, Binance, the popular cryptocurrency exchange, has officially announced the 32nd project on Binance Launchpad – Arkham (ARKM). The token sale for Arkham will follow the Launchpad subscription format, with user BNB balances being recorded starting from 11 July 2023.
The recording of user BNB balances will take place over a six-day period, from 11 July 2023 to 17 July 2023. The final BNB holding amount for each user will be determined as the average of the six days, using the Daily Average BNB Balance calculation method previously announced.
Here are some of the details of the ARKM token sale:
- The token name is Arkham (ARKM)
- The Launchpad hard cap is set at $2.5 million. Each user has a hard cap of $15,000 (300,000 ARKM).
- The total token supply is 1,000,000,000 ARKM, with 50,000,000 ARKM (5% of the total token supply) allocated to Binance Launchpad.
- The public sale token price is 1 ARKM = $0.05 USD, with the price in BNB to be determined prior to the subscription period.
The token sale will be conducted in a subscription format, with BNB as the only supported cryptocurrency. The subscription timeline consists of different periods like the preparation period, the subscription period, the calculation period, and the final token distribution period.
Users should carefully follow the specific timelines provided to ensure their participation in the token sale. To learn more about Arkham (ARKM), interested individuals can refer to Binance Research’s in-depth report available on their website.
It is important to note that users need to complete their account verification and be from an eligible jurisdiction to participate in this token sale. Some countries and regions are excluded from participating, including Belarus, Cuba, Iran, the United States, and others, as stated in Binance’s terms and conditions.
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