Binance, the leading cryptocurrency exchange, has announced the addition of Arkham (ARKM) to its Launchpad platform. This marks the 32nd project supported by Binance through token sales. Following the news, the price of BNB, Binance’s native coin, experienced a surge of over 3%, reaching a high of $243 on Monday.
The Arkham token sale on Binance Launchpad will utilize a subscription format. Starting from July 11 at 00:00 (UTC) until July 17, 2023, at 00:00 (UTC), a snapshot of BNB balances will be taken for subscription eligibility. The sale will have a hard cap of $2.5 million, with each user limited to purchasing 300,000 ARKM tokens, equivalent to $15,000. Binance Launchpad has been allocated 50 million ARKM tokens, representing 5% of the total Arkham supply of 1 billion. The public sale price for ARKM is set at $0.05.
Simultaneously, Arkham made a significant announcement regarding the upcoming launch of Arkham Intel Exchange, touted as the “world’s first on-chain intelligence marketplace.” The platform, powered by smart contracts, is set to go live on July 18. The Arkham Intel Exchange will create an intel-to-earn economy, enabling anonymous buying and selling of on-chain intelligence related to crypto wallet addresses. Users can post bounties seeking specific on-chain information, and bounty hunters, such as researchers or sleuths, can fulfill the bounties in exchange for payment.
The demand for on-chain analysis has been steadily increasing, driven by traders, investors, researchers, journalists, and protocols, according to the Arkham team.