TL;DR Breakdown
- Binance announces the Arkham (ARKM) token sale on its Launchpad platform, with a hard cap of $2.5 million and a maximum allocation of 300,000 ARKM tokens per user.
- The Arkham project aims to deanonymize blockchain technology and establish a decentralized token financial system. It operates as a blockchain analytics platform and introduces an on-chain intelligence exchange.
- Binance implements measures to ensure fairness, including a subscription-based model, acceptance of only BNB coins, and restrictions on participation from certain jurisdictions.
Description
Binance has unveiled its 32nd token sale project on the Launchpad platform, featuring the Arkham (ARKM) project. With a total hard cap of $2.5 million, the Arkham token sale on Binance Launchpad will offer users the opportunity to acquire a maximum of 300,000 ARKM tokens, equivalent to $15,000, as the project aims to raise funds … Read more
Binance has unveiled its 32nd token sale project on the Launchpad platform, featuring the Arkham (ARKM) project. With a total hard cap of $2.5 million, the Arkham token sale on Binance Launchpad will offer users the opportunity to acquire a maximum of 300,000 ARKM tokens, equivalent to $15,000, as the project aims to raise funds from the crypto trading community.
Arkham project aims to deanonymize blockchain technology
The Arkham project focuses on deanonymizing blockchain technology and establishing a decentralized token financial system to facilitate the safe adoption of cryptocurrencies. As part of its broader objectives, Arkham operates as a blockchain analytics platform, providing valuable data on real-world entities and individuals engaged in on-chain crypto market activity. In line with the token sale announcement, Arkham has also introduced an on-chain intelligence exchange, allowing users to anonymously buy and sell data related to the owners of blockchain addresses.
The company expressed excitement about the launch of the Intel Exchange, stating on Twitter, “Arkham’s Intel Exchange finally gives sleuths a way to monetize their skills and meets the growing demand for on-chain intel in a scalable way.”
Binance has implemented several measures for the Arkham token sale on Launchpad to maintain fairness and regulatory compliance. Only BNB coins will be accepted as payment during the token sale, and a subscription-based model will be employed to minimize the risk of insider trading.
However, Binance has imposed restrictions on users from certain jurisdictions, including 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, preventing them from participating in the ARKM token sale on Launchpad.
Token sale details and subscription process
The preparation period for the ARKM token sale on Binance Launchpad will begin on July 11 and last until July 17. During this period, users’ BNB balances will be recorded through hourly snapshots over the course of six days. The maximum amount of BNB that a user can commit in the token sale will be determined by the average daily BNB balance during this period.
Following the preparation period, eligible users will have a 24-hour subscription phase to commit their BNB assets to the ARKM token sale on July 18. It’s important to note that BNB assets will remain locked until the final distribution period.
As the Arkham token sale commences, participants will have the opportunity to support the project’s mission of deanonymizing blockchain technology and promoting the safe adoption of cryptocurrencies.
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