Binance Launchpad ArkhamARKM was oversubscribed by 990 times, and Arkham will debut tonight.

The latest round of Binance Launchpad token sale for ARKM has ended at 2:00 PM on July 18th, with distribution taking place at 3:00 PM the same day. Trading for ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB, and ARKM/TRY pairs will commence at 8:00 PM.

Arkham Actively Participates with 990 Times the Total Allocation

Binance stated that a total of 114,454 users participated in the investment, with a total of 10,182,983.2626 BNB invested, which is 990 times the total allocation. Three users also invested an amount exceeding the individual limit, and the excess has been distributed to other participating users according to the rules.

Arkham Exchange Rate

Binance stated that the exchange rate is 1 ARKM = 0.00020576 BNB (0.05 USD, based on a BNB price of 243 USD).

Arkham Opening Mechanism: Maximum Tenfold Increase in the First Five Minutes

In this Launchpad event, Binance has introduced a protective mechanism to prevent excessive volatility at the opening, which may cause user losses. A limit order mechanism will be implemented in the first five minutes of the opening to limit the price increase to ten times the public offering price. Taking ARKM as an example, the price increase limit will be set at ten times 0.05 USD, which is 0.5 USD.

Arkham Addresses Community Concerns: No Issue of Doxxing for Profit

Previously, Arkham's product design on Intel Exchange raised concerns that it might promote doxxing for profit. However, Arkham emphasized that on Intel Exchange, trading of off-chain personal information such as addresses or phone numbers is not possible. Posting requests or content containing such personal information is also not allowed.