Introduction
On July 17, Binance, the world’s largest crypto exchange, made an exciting announcement regarding the launch of the arkham (ARKM) token sale on its launchpad. This project marks the 35th addition to the platform’s growing portfolio.
Unique Launch Mechanics
Unlike previous token launches, the ARKM launch will incorporate special measures to safeguard investors from excessive volatility. Binance disclosed that the initial launch price for ARKM will be $0.50, which is ten times the public sale price, but only for the first five minutes.
After the initial five-minute window, the price of the asset will revert to its regular value, and trading will continue without any restrictions.
First Trial of the 10X Price Mechanism
Binance emphasized that the employment of the 10X price mechanism is a novel experiment conducted for the first time. However, it remains unclear if similar mechanisms will be used in future token sales.
Subscription Details and Deadline
The subscription deadline for ARKM is set for July 18 at 06:00 UTC. Users are required to commit BNB based on their average balance over the past six days, utilizing BNB funds solely from their spot wallets.
Following the deadline, the final results of the ARKM token allocation will be made public within one hour.
Integration of Bitcoin Lightning Network
Prior to the ARKM launchpad announcement, Binance revealed its successful integration of the Bitcoin Lightning Network.
Community Reactions
The marketplace launch of Arkham received a mixed response from the crypto community. Some members expressed concerns about the platform’s collection of private user data, accusing the blockchain intelligence platform of privacy breaches.
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