Over $2.4 billion USD worth of BNB has been locked up for participation in the ARKM token public sale.

During the registration phase, a total of 114,454 participants committed 10,182,983 BNB (equivalent to $2.4 billion USD) to participate in the public sale of Arkham Intelligence (ARKM).

More than $2.4 billion USD worth of BNB has been locked up for participation in the ARKM token public sale.

Updated as of the morning of 19/07/2023:

Following its listing on Binance, ARKM reached a peak of $0.89 USD before stabilizing around $0.68 USD in the subsequent hours.

15-minute chart of ARKM/USDT pair on Binance at 08:30 AM on 19/07/2023

Original article:

Completion of ARKM Token Public Sale
Cryptocurrency exchange Binance has completed the public sale of ARKM Token for Arkham Intelligence, an on-chain data analytics platform, with allocations based on the amount of BNB each user staked.

The public sale process conducted on Binance Launchpad attracted significant interest from investors, leading to oversubscription by 990 times with a hard cap of $2.5 million USD, according to figures released by Binance.

The total supply of Arkham tokens is 1 billion ARKM, with 50 million allocated to Binance Launchpad, accounting for 5% of the total supply at a predetermined price of $0.05.

With a hard cap of $2.5 million USD, the sale process used a registration format where Binance monitored users' BNB balances over a 6-day period from 11/07 to 17/07/2023, then allocated tokens to qualifying users on 18/07. Token allocation per user was determined based on their average BNB balance during this period.

According to Binance, a total of 114,454 participants committed 10,182,983 BNB (over $2.4 billion USD) during the registration phase, with a conversion rate of 4.92 ARKM tokens per BNB. This means users who committed 50 BNB during registration would receive 246,110.9 ARKM tokens (at the public sale price of $0.05).

Binance announced that trading of ARKM Token on its platform would commence at 7:00 PM (Vietnam time) on 18/07/2023.

Read more: What is ARKM Token

Arkham Token opens for airdrop and DEX trading
In addition to its launch on Binance, ARKM Token can also be acquired through an airdrop for early users of Arkham Intelligence. At the time of writing, ARKM was trading at $0.76 on the decentralized exchange Uniswap, 15 times higher than its initial public sale price.

As of 18:30 on 18/07/2023, data from Dune showed that over 25,340 addresses had received Arkham tokens (ARKM) through the airdrop program, totaling more than 16.47 million tokens distributed. On average, each address received 649 tokens, with 135 addresses receiving over 10,000 tokens and the highest receiving address having obtained 249,353 ARKM tokens.

Over 25,340 addresses have received Arkham tokens (ARKM) through the airdrop program. Source: Dune

Arkham Intelligence is a prominent on-chain data provider in the cryptocurrency industry, boasting over 200,000 users as of June 2023. The project raised $10 million USD for 20% of the total ARKM token supply, valuing it at $150 million USD.

ARKM tokens will be used within a platform called Arkham Intel Exchange, allowing users to buy and sell data from other crypto users through smart contracts.

Specifically, users of Arkham Intel Exchange can submit requests to purchase information while setting a reward for it. Those seeking the reward must provide on-chain data that meets the criteria, such as wallet data of an investor or VC fund, or tracing stolen funds from their wallets.