Binance has opened the Arkham (ARKM) token sale, despite criticism from the crypto community
Date: 2023-07-17 Author: Karina Ziganova Categories: BLOCKCHAIN
Cryptocurrency exchange Binance announced the listing of the token of the platform for the deanonymization of the Arkham blockchain (ARKM) for users who have subscribed to Launchpad.
The subscription for the sale of ARKM tokens on Binance Launchpad is already open and will be valid for 24 hours from the date of publication of the announcement. Users can check their eligibility and use their BNB tokens to buy ARKM.
The final results of the ARKM distribution will be announced on July 18 at 10:00 (GMT), after which BNB will be deducted from the already locked amount of BNB within 60 minutes. After deducting the ARKM, the remaining BNB will be transferred to the users' spot wallet.
Once the Launchpad subscription is complete, Binance will list ARKM. Trading will be available with ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB and ARKM/TRY pairs.
Arkham's controversial product
Last week, the platform announced the launch of "the world's first on-chain data exchange," which will allow you to anonymously buy and sell information about any crypto wallet. Arkham said that the new product was created out of a desire to make life easier for users who need clear and accurate on-chain data, but who do not have "the time and skills to conduct blockchain analysis."
However, members of the crypto community did not appreciate the new development, citing a violation of privacy. Some have also expressed concern about the platform's lack of decentralization.
Binance didn't listen to the crypto community
Despite the mixed reaction of the crypto community, Binance announced that the native token of the ARKM platform will be launched on Binance Launchpad with a total supply of 50 million coins, or 5% of the issue.
In total, each user will be able to buy tokens worth $15,000 (300,000 ARKM). 20% of the coin supply will go to the main investors, 17.5% will be sent to other investors, and another 17.2% to the fund's treasury.
