Crypto exchange Binance has revealed the addition of Arkham as the 32nd project on its Launchpad. The token sale for Arkham will adhere to Launchpad’s subscription model. Starting from July 11 and lasting for six days until July 17, Binance will record users’ Binance Coin (BNB) balances. To calculate the final BNB holdings of each user, the average daily BNB balance over the six-day period will be considered. The total supply of Arkham tokens will be 1 billion. Out of this supply, 50 million ARKM tokens will be allocated to Binance Launchpad. Participants can contribute a maximum of $15,000, equivalent to 300,000 ARKM tokens, in the token sale. The project’s hard cap on Launchpad is set at $2,500,000. The subscription process encompasses different phases, including the preparation period, subscription period, calculation period, and final token distribution phase. If you’re a newcomer to Bitcoin and contemplating investment, immediate-edge.software serves as a reliable tool for participating in cryptocurrency trading.

 

Recording Binance Coin Balances for Arkham Token Sale

 

Starting from July 11, Binance initiated the process of recording users’ Binance Coin (BNB) balances. This recording will continue for six days, ending on July 17. By calculating the daily average BNB balance during this period, the final BNB holdings of each user will be determined. This approach ensures fairness and transparency in the token allocation process.

 

Arkham Token Supply and Allocation

 

The total supply of Arkham tokens is set at 1 billion. Out of this, Binance Launchpad will receive an allocation of 50 million ARKM tokens, which accounts for 5% of the total supply. The token price for the public sale has been fixed at $0.05 per ARKM. The specific price in BNB will be determined prior to the subscription phase, aligning with market conditions at that time.

 

Contribution Limits and Launchpad Hard Cap

 

To ensure broad participation while maintaining a balanced distribution, each user is allowed to contribute a maximum of $15,000, equivalent to 300,000 ARKM tokens, in the token sale. This contribution limit encourages fair access to the sale for both small and large investors. Additionally, Binance Launchpad has set the hard cap for the Arkham project at $2,500,000, indicating the maximum amount of funds that will be raised through the token sale.

 

The Subscription Process: Phases and Timeline

 

The subscription process for the Arkham token sale consists of several distinct phases. The first phase is the preparation period, which began on July 11. During this period, Binance records users’ BNB balances through hourly snapshots over the following six days. These snapshots serve as the basis for determining each user’s BNB holdings. The subscription period itself commences on July 17. Eligible users can open their subscriptions during this phase, securing their allocation of Arkham tokens based on their BNB holdings. Once the subscription period concludes, the calculation period commences. This phase involves closing the subscription process and conducting the necessary calculations to determine the final token allocations for each participant.

 

Final Token Distribution and Locked BNB Amount

 

In the last phase of the subscription process, the final token distribution takes place. Users’ ultimate token allocations are calculated, and the corresponding BNB amount is deducted from their locked BNB holdings. This ensures that the allocated tokens are appropriately accounted for, and the necessary adjustments are made to users’ BNB balances.

 

Conclusion

 

The introduction of Arkham on Binance Launchpad presents an exciting occision for crypto users. With the subscription-based token sale model, Binance aims to promote fairness and inclusivity in the distribution process. By recording users’ BNB balances and implementing contribution limits, Binance ensures a transparent and balanced token allocation for the Arkham project.