Binance Launchpad's 32nd project Arkham (ARKM) is soon to start trading.
Arkham trading will start today on Binance at 15:00 (UTC 12:00).
In the statement made by Binance, it was announced that the process of participating in the pre-sale of Arkham by locking BNB has been completed.
The total token supply of ARKM, the token of the company that analyzes On Chain data, is 1 billion. 50 million of these were allocated for the Binance pre-sale.
Users who had the right to participate in the pre-sale by locking BNB had the opportunity to buy at $0.05.
114 454 users who wanted to participate in the pre-sale of ARKM locked 10 million BNB ($ 2.4 billion) on Binance. As a result, the investor who locked 1 BNB got the chance to buy 4.92 ARKM from the pre-sale.
With the start of trading after 15.00 CET, price movements in ARKM will be followed closely.
Binance will be a first in this pre-sale project and will apply a maximum transaction price in order to protect investors from volatility. Accordingly, in the first 5 minutes of trading, the starting price limit will come into effect and the price cannot exceed 10 times the pre-sale price. This means that there will be an upper limit of $0.50 for ARKM. There will be no restrictions after the first 5 minutes.
“Binance will list Arkham (ARKM) in its innovation zone and trade pairs for ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB and ARKM/TRY as of 2023-07-18 12:00 (UTC). will open .
Users will enjoy zero maker fees on the ARKM/TUSD trading pair until further notice.
A total of 114,454 participants processed 10,182,983.2626 BNB during the subscription period, representing 990 times as many subscriptions.
3 participants reached the fixed limit of 300,000 ARKM and as a result, the allocation of participants was transferred to the remaining users.
For reference for participating users:
246.1109 ARKM were allocated to users who committed 50 BNB
2.461.1088 ARKM were allocated to users who processed 500 BNB
24,611,0879 ARKM has been allocated to users who have processed 5,000 BNB.”