Buy Crypto
Markets
Trade
Futures
Earn
Square
More
Announcement
Home
Support Center
Announcement
New Cryptocurrency Listing
Subscription for the Arkham (ARKM) Token Sale on Binance Launchpad Is Now Open

Subscription for the Arkham (ARKM) Token Sale on Binance Launchpad Is Now Open

2023-07-17 06:00

Important Notice:

To protect users from high volatility when trading commences under Launchpad, we will be trialing an initial price limit mechanism where for the first five minutes of trading the maximum transaction price is set at ten times the public sale token price (i.e., in the case of ARKM, $0.50, ten times of public sale token price). After the initial five minutes, there will be no restrictions and trading continues as normal. Note that this initial price limit mechanism is being trialed for the ARKM token launch and it is yet to be determined if this will be an ongoing feature of all future Launchpads.

Fellow Binancians,

Subscription for the Arkham (ARKM) token sale on Binance Launchpad is now open and will remain open for 24 hours. Users can check their eligibility and commit their BNB to the Arkham (ARKM) token sale based on their past six-day average BNB holdings. The BNB rate for the ARKM token sale has been set below. 

After the subscription is complete, Binance will list Arkham (ARKM) in the innovation zone and open trading for ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB and ARKM/TRY trading pairs at 2023-07-18 12:00 (UTC).

Further information:

  • 1 ARKM = 0.00020576 BNB or 0.05 USD (using a BNB price of 243 USD).

  • Users will have 24 hours to subscribe by committing their BNB tokens between  2023-07-17 06:00 (UTC) and 2023-07-18 06:00 (UTC). Users can subscribe with BNB at any time during these 24 hours. Users must also sign the ARKM Token Purchase Agreement prior to committing their BNB.

    • The maximum amount of BNB that each user can commit has been calculated based on their past six-day average BNB balance.

    • Important: Only BNB in user spot wallets can be used to commit. If your BNB is in other accounts such as Launchpool or BNB Vault, you will need to redeem them to your spot wallet first before committing.

    • Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution. 

  • After the subscription period ends at 2023-07-18 06:00 (UTC), the ARKM token allocation calculation will begin and will take a total of one hour.

  • The final ARKM token allocation results will be revealed at 2023-07-18 07:00 (UTC), at which point the respective BNB will be deducted from your already-locked BNB amount within 60 minutes. Once deducted, your ARKM and remaining BNB tokens will both be transferred to your spot wallet.

  • Reminder: There is a hard cap of 15,000 USD (300,000 ARKM or 61.728 BNB) that can be allocated per user. For detailed calculation rules, click here. 

  • The Arkham (ARKM) smart contract: ERC20

Read more:

Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this token sale. 

* Users from the following countries or regions will not be able to participate in token sales on the Binance Launchpad platform: 

Belarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Thanks for your support!

Binance Team

2023-07-17

Trade on-the-go with Binance’s crypto trading app (iOS/Android)

Find us on 

Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.