Binance Launches ARKM Token with Innovative Pricing Mechanism
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Facts
💰 Arkham Token (ARKM) has been launched on the Binance exchange.
🔄 The launch will be done with the “Investor Protection from Fluctuations” mechanism.
💲 The launch price will be $0.50 for the first five minutes, then return to the original price.
🚫 There are no restrictions after the first five minutes and trading can continue as usual.
🔢 This is the first time the 10X price mechanism is being tested on Binance.
⌛ The deadline for participation is July 18 at 06:00 UTC.
⏳ Final ARKM allocation results will be available just one hour after the deadline.
Binance, the cryptocurrency exchange giant, has launched the Arkham (ARKM) token sale on its platform, with mechanisms in place to protect investors from volatility. The launch price will be $0.50 for the first five minutes before returning to the original price, after which traders will be able to continue trading normally. This is the first time the 10X price mechanism has been tested on the platform. Investors can participate in the sale until July 18, with the final results to be announced one hour after the deadline.
Binance Launches ARKM Token with Innovative Pricing Mechanism
On July 17, Binance, the world’s largest cryptocurrency exchange by trading volume, announced the launch of Arkham token (ARKM) on its launchpad. This makes it the 35th project on the platform.
However, the launch of ARKM will be different as there will be mechanisms in place to “protect investors from volatility.” Binance stated that the launch price of ARKM will be set at $0.50, 10 times the public sale price, for the first five minutes.
After the five-minute window, the price will return to its original level, and trading will continue as usual without any restrictions. Binance stated that this is the first time they have tested the 10x price mechanism, but it is still unclear whether it will be used in the future.
Additionally, Binance added that the deadline for participation is July 18 at 06:00 UTC. Users can commit BNB based on their average balance over the past six days and only use BNB from their spot wallets.
According to the announcement, the final results of the ARKM allocation will be available to the public just one hour after the deadline.
These details about the ARKM launch come shortly after Binance announced its Lightning Network integration.
However, the launch of Arkham has received mixed reactions from the crypto community, with the blockchain intelligence platform being accused of collecting user data.
Source: Crypto Horizon
Note: Please note that the information provided is a brief interpretation of the original article. Crypto Horizon