$2.4 billion Locked on Binance for Arkham Token Public Sale

The public sale of ARKM tokens for Arkham Intelligence, a supplier of on-chain analytics, was completed by the cryptocurrency exchange Binance. The $2.5 million hard cap for the public sale, which was held on Binance Launchpad, was met. According to data provided by Binance, the sale attracted a significant amount of investor interest and was oversubscribed by 990 times.

$2.4 billion Locked on Binance for Arkham Token Public Sale

Binance observed customers’ BNB balances during a six-day period beginning on July 11 since the sale used a subscription model and had a hard ceiling of $2.5 million. Based on each user’s average BNB balance over this time period, the final token distributions for each were calculated.

Numerical Data Related to Sales

The overall token supply for Arkham is 1 billion ARKM, of which 50 million were given to the Binance Launchpad and sold for $0.05 each, constituting 5% of the total supply. Throughout the subscription period, 114,454 participants collectively pledged 10,182,983 BNB ($2.4 billion).

4.92 ARKM tokens were converted into one BNB at the sale’s final conversion rate. According to Binance, this meant that users who pledged 50 BNB during the subscription were given 246 ARKM tokens to buy (at the sale price of $0.05).