On March 15, 2023, Arken Finance official website and Impossible Finance official website jointly announced that Arken Finance will become the 17th project to launch IDO on the Impossible Finance platform, and will be open for purchase from April 4 to April 5. The total supply of this IDO is 237,500,000 tokens, and the price is $0.004/ARKEN.



What is Arken Finance?

Arken Finance is a project that provides a DeFi abstraction layer for a multi-chain future. Arken Finance is an all-in-one trading portal and DeFi infrastructure layer designed to abstract the complexities of DeFi. It is a DEX aggregator that provides DEX traders with one-stop trading tools for monitoring tokens and synthetic assets, predicting market movements, and trading at the best rates.

Arken Finance recognizes that the complexity of DeFi is one of the biggest barriers to entry, and they aim to bridge this gap for developers and users, making it easier to build applications and users & traders can seamlessly participate in the DeFi space.

Arken Finance is equipped with a large number of professional tools to help improve users’ DeFi transactions. Its tools combine real-time trading views to provide users with a single entry point to easily manage digital assets, and can be customized with over 160 different technical indicators and unique professional charts for advanced traders.

Arken Finance allows users to use multiple chains and multiple protocols on one interface without switching wallets or networks; while providing users with the best trading prices and liquidity. Its feature-rich platform is a playground for any trader, from beginners to advanced players, to monitor real-time coin prices and discover new market opportunities to make the most informed investment decisions.

Currently, Arken Finance supports four public network chains: Ethereum, BNB Chain, Polygon and Solana, and plans to support more chains and protocols in the future, such as Avalanche, Arbitrum, Fantom, etc. The IDO coming soon on April 3 will be conducted on the Arbitrum public chain network. The launch of the native token $ARKEN will support the protocol’s ecosystem and provide holders with real returns, driving strong growth for Arken Finance.



Team background

The Arken Finance team is mainly located in Southeast Asia and consists of developers, UX/UI designers and marketing departments. It is composed of experts with many years of experience in blockchain and finance, and has a lot of entrepreneurial experience. Because the team attaches great importance to cooperation with the market and users, it pays attention to providing products that focus on user convenience. Team members include:

  • Jason Lee: Founder and CEO, has held senior positions in well-known exchanges such as Coinbase, Binance Exchange, and Huobi.

  • Kevin Wang: Co-founder and Chief Technology Officer. He has worked at technology giants such as Google and Facebook, and is responsible for developing and maintaining complex software systems.

  • Alice Chen: Co-founder and Chief Operating Officer. She has worked in financial institutions such as JPMorgan Chase and Goldman Sachs, responsible for managing and optimizing business processes and risk control.

  • Henry Liu: Co-founder and Chief Marketing Officer. He has worked in Internet companies such as Microsoft and Amazon, responsible for promotion and marketing strategies.

Token Economic Model

The native token $ARKEN, as a utility token, promotes the development of Arken Finance token economics, supports the protocol's ecosystem - surrounding utilities, rewards and equity, and supports the future launch of the Arken Governance system construction so that the community can Participate in the project decision-making process.

The $ARKEN utility serves multiple uses and purposes to support the development of Arken Finance’s ecosystem, which has many products and protocols behind it. This includes but is not limited to:

  • Promote decentralized governance

  • Provide fee rebates to Arken Pool’s liquidity providers

  • Become a utility token for use within the Arken ecosystem, such as aggregator protocols, decentralized private funds, and future products.

  • First Access, $ARKEN holders will also be among the first to access Arken Finance’s latest products, protocols and innovations.

The total supply of $ARKEN is 10 billion, and it is promised that there will be no additional issuance. The distribution chart and specific content are as follows:



  • 51.75% - Community, breakdown:

    • Community Building (20%): Vests within 208 weeks and will be used for marketing purposes. 15% of this allocation will be available for TGE.

    • Treasury (25.75%): This portion will be fully unlocked on TGE and is designed to support the future needs of the Arken community. The funds will be managed and stored in a multi-signature wallet on day one, allowing for flexibility in managing the funds in future plans.

    • Public Sale and IDO Platform (5%): Will be divided equally between the Impossible Finance Launch Pad and the public sale of Arken Finance.

    • Airdrop (1%): used for the first round of airdrops and the next round of airdrops in the future.

  • 18.25% - Ecosystem Growth, will vest over 208 weeks and be used for ecosystem development of contributors, incentives, and DEX liquidity within the Arken ecosystem. 15% of this allocation will be used at TGE.

  • 15% - Team, vests in 312 weeks, has a 26 week cliff, no tokens available for use in TGE.

  • 13.50% - Investors, vesting in 312 weeks with a 26 week cliff, no tokens available for use in TGE.

  • 1.5% - Advisor, vests in 312 weeks with a 26 week cliff, no tokens available for use in TGE.

Introduction and precautions for $ARKEN vesting period and casting schedule:

Allocations for community and ecosystem development vest linearly over 208 weeks, while allocations for investors, advisors, and teams vest linearly over 312 weeks, reflecting Arken Finance’s efforts to make DeFi accessible to everyone long-term commitment. This will create a positive cycle with those who believe in and support Arken Finance’s sustainable ecosystem, with their investments protected while Arken Finance’s team focuses on what truly matters to the community.



IDO information and how to participate

Arken Finance’s timeline on Impossible Finance platform IDO:

  • Conduct KYC on the Impossible Finance platform, preparation time: ongoing

  • Staking $IDIA (Impossible Finance platform token or other tokens) time: 18:00 on March 15, 2023 to 18:00 on April 4, 2023 (UTC)

  • Purchase time of $ARKEN: 22:00 on April 4, 2023 to 22:00 on April 5, 2023 (UTC)

  • Time to claim $ARKEN: Estimated at 22:00 on April 6, 2023 (UTC)



Arken Finance IDO connection: https://app.impossible.finance/launchpad/project/Arken

Impossible Finance detailed usage tutorial: https://impossiblefinance.notion.site/How-to-use-IF-Launchpad-Step-by-step-d0f5d033d8f3443fa70c52d0d66a3843

Token sale details:

  • Token code: ARKEN

  • Available networks for staking purchases: Arbitrum (purchase using USDC) and BNB Chain (purchase using BUSD)

  • Total supply of IDO: 237,500,000 ARKEN

  • Public sale price: 1 ARKEN = US$0.004 BUSD

  • Absolute upper limit for public sales: US$1,000,000 (divided into multiple pools)

  • Token Sale Format: Pledged Equity Subscription

  • Supported collateral: IDIA (BNB Chain, Arbitrum), vIDIA (BNB Chain), C98 (BNB Chain) and Impossible staking partners only (more details coming soon)

  • Token vesting release: 100% distributed on the first day.

  • Buyback Protection Plan: Arken Finance has committed to buying back ARKEN tokens if the token price falls beyond a certain threshold. More details will be announced later.

  • Staking method/staking pool introduction:

  • Note on staking pool and claim: All ARKEN tokens will be distributed on the Arbitrum network, regardless of whether users stake on BNB Chain or Arbitrum.

IDO is coming

Impossible Launchpad is a fair platform for IDOs for Impossible projects. It innovates allocating equity by determining allocations proportional to the amount of equity held over time. This allows us to do so in a way that is fair to everyone and difficult to manipulate. to weigh the benefits. The cooperation between multi-chain DEX aggregator Arken Finance and Impossible Finance for IDO has opened the staking phase. We will continue to pay attention to the future price trend of $ARKEN in the future of IDO.

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