Binance has today announced the public token sale of Arkham ($ARKM) tokens. This will count as its 32nd token sale project on the exchange’s Launchpad platform.
The public sale token price will be fixed at 1 $ARKM equal to $0.05. The sale for Arkham will follow the Launchpad subscription format, consisting of four stages in its timeline. Binance also stated that the price in $BNB will be determined before the subscription period.
In the first stage, called the ‘Preparation Period’, users’ BNB balances will be recorded over a six-day monitoring period starting from 11 July at 00:00 UTC. Utilising the Daily Average BNB Balance calculation, the platform will determine the maximum amount of $BNB that a user can commit to.
Following this, subscriptions will open for eligible users on 17 July. This ‘Subscription Period’ will last for 24 hours, during which its users can commit their $BNB on the exchange. Once a user commits to this, the BNB will be locked and will not be available for redeeming or accessing any other functions. This includes transfers, withdrawals or trading until final token distribution.
Subscription will be closed in order to calculate token allocation, which would last for an hour in the third stage. Finally, on 18 July, the final token allocation will be determined, with the corresponding BNB balance being deducted from each user’s account and the equivalent number of Arkham tokens credited. Both $ARKM and $BNB tokens will be transferred to the users’ spot wallet.
However, certain areas were not included in the Arkham token sale on the Binance Launchpad platform. This included users from the following countries or regions: Belarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.