Binance,has introduced its 32nd token sale project on the Launchpad platform, featuring the Arkham (ARKM) project. The Arkham token sale on Binance Launchpad aims to raise $2.5 million, with users being able to acquire a maximum of 300,000 ARKM tokens, equivalent to $15,000, as they participate in the sale.
Arkham project strives to deanonymize blockchain technology
The primary objective of the Arkham project revolves around deanonymizing blockchain technology and establishing a decentralized token financial system. Arkham serves as a blockchain analytics platform, providing insights into real-world entities and individuals engaged in on-chain crypto market activities. In addition to the token sale, Arkham has recently launched an on-chain intelligence exchange, enabling users to trade data on blockchain address owners while maintaining anonymity.
The company expressed enthusiasm about the Intel Exchange, stating via Twitter, “Arkham’s Intel Exchange finally gives sleuths a way to monetize their skills and meets the growing demand for on-chain intel in a scalable way.”
Binance implements measures to ensure fairness and compliance
Binance has taken various measures to ensure fairness and regulatory compliance throughout the Arkham token sale on Launchpad. Only BNB coins will be accepted as payment during the sale, and a subscription-based model has been implemented to minimize the risk of insider trading.
To comply with regulations and maintain transparency, Binance has restricted users from several jurisdictions, including Belarus, Cuba, the Crimea Region, the Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, the United States of America and its territories, and Zimbabwe, from participating in the ARKM token sale on Launchpad.
Token sale details and subscription process
The preparation period for the ARKM token sale on Binance Launchpad will commence on July 11 and extend until July 17. Throughout this period, users’ BNB balances will be recorded through hourly snapshots taken over six days. The maximum amount of BNB that a user can commit to the token sale will be determined by the average daily BNB balance during this period.
Following the preparation period, eligible users will have a 24-hour subscription phase, beginning on July 18, to commit their BNB assets to the ARKM token sale. It is important to note that BNB assets will remain locked until the final distribution period.
By initiating the Arkham token sale, participants will have the opportunity to support the project’s vision of deanonymizing blockchain technology and facilitating the safe adoption of cryptocurrencies.