Binance Wraps up Sale of ARKM Tokens for Arkham Intelligence
Crypto exchange Binance successfully concluded the public sale of ARKM tokens for Arkham Intelligence, a provider of on-chain analytics. The sale, hosted on Binance Launchpad, achieved its hard cap of $2.5 million, generating significant interest from investors. Here are the key points:
- The total token supply for Arkham is 1 billion ARKM, with 50 million allocated to Binance Launchpad at a price of $0.05 per token.
- The sale utilized a subscription format, with Binance tracking users’ BNB balances over a six-day period to determine token allocation.
- 114,454 participants committed 10.18 million BNB ($2.4 billion) during the subscription period.
- The final conversion rate for the sale was 4.92 ARKM tokens per BNB.
- Binance announced the commencement of ARKM trading on its platform.
Additionally, early Arkham users can claim ARKM tokens through an airdrop, separate from the Binance launch. These tokens are currently trading at $0.65 on the Uniswap decentralized exchange, 13 times their public sale price.
Arkham Intelligence operates as a blockchain analytics platform, facilitating anonymous data exchange related to blockchain addresses. The token sale precedes the launch of Arkham’s on-chain intelligence exchange, providing a decentralized protocol for buying and selling data and wallet labels.
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