Major cryptocurrency exchange Binance announced its latest altcoin project on Binance Launchpad. The cryptocurrency exchange announced that the 32nd altcoin project on Binance Launchpad is Arkham (ARKM).
User BNB Balances to Start Recording From July 11
In the announcement from Binance, after the presale page expected to be prepared in 4 hours is made available, it was stated that the record of Binance Coins (BNB) held by users in the exchange wallet will start being recorded from July 11 at 03:00.
The cryptocurrency exchange will start recording the BNB balances held by users in the exchange wallet for six days between July 11 at 03:00 and July 17 at 03:00. The final BNB amount held in each user’s exchange wallet will be determined by taking the average of the six days using the Daily Average BNB Balance Calculation method.
The details shared by Binance for the ARKM token sale are as follows:
- Total Value of Tokens that can be Sold on Launchpad: 2.5 million dollars
- Upper Limit Per User: 15,000 dollars (300,000 ARKM)
- Total Token Supply: 1 billion ARKM
- Total Number of Tokens Allocated to Binance Launchpad: 50 million ARKM (5% of total token supply)
- Token Price in Public Sale: 1 ARKM = 0.05 dollars (Price in BNB will be determined before subscription)
- Token Sale Format: Via Subscription
- Supported Cryptocurrency: BNB
BNB Surged Following the Launchpad Announcement
Following the announcement that Arkham would be the 32nd altcoin project on Binance Launchpad, the price of BNB quickly rose. The service token of Binance, which was trading around 233 dollars before the announcement, turned its direction upwards, reaching up to 241 dollars.
The altcoin’s rise rate in the last 24 hours has exceeded 2.5%.
