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Binance Completes the Arkham Subscription Launchpad and Will Open Trading for ARKM

Binance Completes the Arkham Subscription Launchpad and Will Open Trading for ARKM

2023-07-18 07:00

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,

Binance has completed the subscription format Launchpad for Arkham and the final token allocation results are now showing on the Arkham Launchpad Page.

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).

Users will enjoy zero maker fees on the ARKM/TUSD trading pair until further notice.

  • A total of 114,454 participants committed 10,182,983.2626 BNB during the subscription period, representing an oversubscription of 990x. 

  • 3 participants reached the 300,000 ARKM hard cap, resulting in the participants’ allocation being passed down to the remaining users. For further information on how this is calculated, refer to a detailed guide here.

  • As a reference for users that participated:

    • Users that committed 50 BNB received an allocation of 246.1109 ARKM and will have 0.05063977 BNB deducted.

    • Users that committed 500 BNB received an allocation of 2,461.1088 ARKM, and will have 0.50639775 BNB deducted.

    • Users that committed 5,000 BNB received an allocation of 24,611.0879 ARKM and will have 5.06397745 BNB deducted.

The corresponding BNB tokens will be deducted from your already-locked BNB balance within 60 minutes of this announcement. Once deducted, your ARKM and remaining BNB tokens will both be transferred to your spot wallet.

Note:

  • The token purchase price was set at 1 ARKM = 0.00020576 BNB or 0.05 USD (using a BNB price of 243 USD), as per the previous announcement here.

  • The Arkham (ARKM) smart contract: ERC20

Further Information:

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

2023-07-18

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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.