Binance Concludes ARKM Token Public Sale, Raises $2.5 Million
Binance, the renowned cryptocurrency exchange, announced the successful conclusion of the public sale of ARKM tokens on behalf of Arkham Intelligence, an on-chain analytics provider. The sale resulted in an impressive $2.5 million worth of BNB being raised. In total, the sale gathered 10,288 BNB tokens, with an impressive participation of 114,454 individuals.
Token Details and Pricing
Each ARKM token was sold for 0.00020576 BNB, equivalent to approximately $0.05. The sale saw a total of 50 million ARKM tokens being sold, indicating the significant interest in the project.
Oversubscription and Hard Cap Allocations
The token launch received overwhelming interest from investors, who collectively committed as much as 10.18 million BNB (equivalent to a staggering $2.45 billion), resulting in an oversubscription of 990 times. Due to the high demand, three investors reached the hard cap allocation set for individual participants of 300,000 ARKM (approximately $14,865). As a result, their allocation was redistributed to remaining users.
ARKM Token Launch on Binance Launchpad
The ARKM token was offered for sale through Binance Launchpad, the exchange’s dedicated platform for initial exchange offerings (IEOs).
ARKM Trading and Pairs
Following the successful token launch, ARKM was listed in Binance’s “Innovation Zone,” a designated category for higher-risk digital assets with low liquidity. Trading is available for ARKM in the following pairs: ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB, and ARKM/TRY. Furthermore, users can benefit from zero fees for limit orders (maker trades) on the ARKM/TUSD trading pair.
Airdrop for Early Arkham Users
In addition to the Binance Launchpad sale, ARKM tokens are eligible for an airdrop to certain early Arkham users.
Current ARKM Token Price
As of the latest update on Wednesday, the ARKM token is trading at $0.64 on both Binance and the decentralized exchange Uniswap. This marks a significant increase from its initial Launchpad selling price, although it has experienced a slight decline of almost 7% for the day.
ARKM Token: “An Intel-to-Earn Token”
Described as “an intel-to-earn token powering the transparency of the blockchain with AI,” ARKM aims to foster transparency and clarity in the crypto industry by incentivizing the sourcing of data intelligence at scale and making it accessible to everyone.
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