In a groundbreaking move, Binance, one of the world's leading cryptocurrency exchanges, has recently announced the launch of Arkham (ARKM), the native token of the Arkham Project. This exciting development marks the 32nd project launched on Binance's renowned Launchpad platform.
The sale of ARKM tokens will follow Binance's classic subscription format, with the registration of users' BNB balances taking place over a seven-day period starting on July 11, 2023. What sets this sale apart is the newly implemented calculation mechanism for daily BNB balances, no longer relying on snapshots at specific times. Instead, it considers various accounts, including regular Binance accounts, trading bot accounts, secondary accounts, Binance Crypto Loans Collateral Margins, and other accounts.
A maximum of 50 million ARKM tokens, out of the existing one billion, will be distributed via the launchpad. Each user has the opportunity to receive a maximum of 300,000 tokens, accounting for 5% of the total supply. The price for this Public Sale is set at $0.05 per token, with the exact price in BNB to be determined before the subscription.
To determine the maximum amount of BNB that can be committed during the Token Sale, a preparation period from July 11 to July 17 is provided. The eligible users will then have a 24-hour window from July 17 to July 18 to subscribe and purchase new tokens by committing their desired amount of BNB. Once committed, the BNB tokens will be locked until the final token distribution, which will take place on July 18, directly credited to the spot wallet.
Arkham Project itself is an innovative initiative that utilizes artificial intelligence to deanonymize blockchain data, aiming to uncover the identities of individuals and companies involved in crypto transactions. ARKM serves as the utility token native to the Arkham platform and is also utilized for governance purposes.
The project comprises two main components: an analytics platform and an Intel Exchange. The analytics platform offers valuable data and analysis through entity pages, showcasing funds, and transaction histories of individuals and companies. It also provides token pages displaying major holders, transactions, and exchange flows, along with the ability to trigger instant alerts for customized transaction parameters. On the other hand, the Arkham Intel Exchange allows the buying and selling of information, creating an ecosystem for information provisioning.
With more than $10 million raised during two rounds of equity funding, Arkham has garnered support from prominent investors such as Tim Draper, Bedrock Capital, Wintermute Trading, GSR Markets, and co-founders of Palantir and OpenAI.
The total supply of ARKM tokens is one million, with the circulating supply at the time of listing on Binance expected to be 150 million, or 15% of the total supply. Arkham envisions that the deanonymization of pseudonymous blockchain metadata will usher in unprecedented transparency in the crypto world, driving the industry towards mass adoption. Through its Intel-to-Earn economy, the project incentivizes large-scale information provisioning, making it accessible to all and fostering clarity and transparency.
As Binance continues to revolutionize the crypto space with the launch of Arkham and its commitment to empowering innovative projects, enthusiasts and investors eagerly await the future developments and impact of this groundbreaking initiative.
Note: This article is for informational purposes only and should not be construed as financial or investment advice. Always do your own research before making any investment decisions.