For Arkham (ARKM) token, Binance’s new Launchpad, 114,454 participants locked a total of 10.18 million BNB.
Binance, which recently announced the new Launchpad, has attracted great attention. A massive amount of BNB was staked with the public sale of ARKM tokens for Arkham Intelligence. 10.18 million BNB, equivalent to $2.4 billion, was locked on Launchpad, where 114,454 crypto investors participated in total.
Increasing demand for lauchpads
The public sale held on Binance Launchpad reached a fixed cap of $2.5 million. According to the figures released by the exchange, the sale aroused a particularly high level of interest from investors and resulted in 990 times more demand. Arkham’s total token supply is 1 billion ARKM, of which 50 million is allocated to Binance Launchpad. It also accounts for 5 percent of the total supply, with a predetermined selling price of $0.05.
Given that it has a fixed cap of $2.5 million, the sale used a subscription system where Binance tracks users’ BNB balances over a six-day period starting July 11. The distribution of tokens for each user was determined by their average BNB. A total of 114,454 participants staked 10.18 million BNB ($2.4 billion) during the subscription period.
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