Binance Launchpad Opens Subscription for Arkham (ARKM) Token Sale
In the world of cryptocurrency, exciting opportunities arise every now and then, capturing the attention of traders and investors. One such opportunity has arrived with the opening of the subscription for the Arkham (ARKM) token sale on Binance Launchpad. This eagerly awaited event is set to bring a new dimension to the crypto market and attract enthusiasts looking to explore the potential of the Arkham project.
The subscription period for the Arkham (ARKM) token sale commenced today and will remain open for 24 hours, giving users ample time to participate. Interested individuals can check their eligibility and commit their BNB (Binance Coin) based on their past six-day average BNB holdings. The subscription process is straightforward, allowing users to participate seamlessly and become part of this exciting venture.
It's important to note that the initial trading phase under Launchpad will incorporate a price limit mechanism for the first five minutes. During this period, the maximum transaction price will be set at ten times the public sale token price. For Arkham (ARKM), this translates to $0.50, ten times the public sale token price. This mechanism aims to protect users from high volatility during the initial stages of trading. After the first five minutes, there will be no restrictions, and trading will proceed as usual. The effectiveness of this mechanism will be evaluated during the ARKM token launch, and its future implementation in all Launchpad projects is yet to be determined.
Once the subscription period ends, Binance will list Arkham (ARKM) in the innovation zone and enable trading for various trading pairs, including ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB, and ARKM/TRY. This listing will provide users with the opportunity to trade Arkham (ARKM) and potentially benefit from its market performance.
For users considering participation, the subscription price for Arkham (ARKM) has been set at 0.00020576 BNB or 0.05 USD, based on a BNB price of 243 USD. This transparent pricing allows participants to make informed decisions and manage their investments effectively.
It's crucial to keep in mind that users have 24 hours to subscribe by committing their BNB tokens between 2023-07-17 06:00 (UTC) and 2023-07-18 06:00 (UTC). Subscription with BNB can be done at any time during this period. Additionally, users must sign the ARKM Token Purchase Agreement before committing their BNB.
To ensure a fair distribution, the maximum amount of BNB that each user can commit is calculated based on their past six-day average BNB balance. This approach promotes inclusivity and prevents excessive concentration of tokens among a few participants.
Participants should note that once they commit their BNB, it will be locked until the final token distribution. During this time, users will not be able to redeem or access other functions such as transfers, withdrawals, or trading. Therefore, it's essential to carefully consider individual circumstances before making a commitment.
Following the conclusion of the subscription period, the calculation of ARKM token allocation will commence and take approximately one hour. The final results of the token allocation will be announced at 2023-07-18 07:00 (UTC). Once the results are revealed, the corresponding BNB amount will be deducted from participants' locked BNB within 60 minutes. The ARKM tokens and any remaining BNB will then be transferred to participants' spot wallets.
To maintain fairness, there is a hard cap of 15,000 USD (300,000 ARKM or 61.728 BNB) that can be allocated per user. Detailed calculation rules are available for those seeking further clarification.
It's worth noting that the Arkham (ARKM) token operates on the ERC20 smart contract, ensuring compatibility with various Ethereum-based platforms and wallets.
As the Arkham (ARKM) token sale on Binance Launchpad opens its doors, cryptocurrency enthusiasts and investors have a unique opportunity to participate in this promising project. The subscription period is now live, so users can explore their eligibility, commit their BNB, and embark on a new crypto journey. With Binance's reputation and the potential of the Arkham project, this token sale is poised to attract significant attention in the cryptocurrency community.
