The cryptocurrency exchange Binance completed the public sale of Arkham Intelligence (ARKM) tokens.
114,454 participants locked 10.18 million BNB ($2.4 billion) during the sale period. Binance Launchpad allocated 50 million ARKM (5% of the coin’s total supply) and fixed the price at $0.05.
The exchange tracked user BNB balances for six days. The final distribution amount depended on the volume of locked coins.
The final conversion rate stood at 4.92 ARKM per 1 BNB.
Binance opened trading of the token on July 18 at 15:00 (Kyiv/Moscow time). At the time of writing the token is trading at $0.71.
In July, the Arkham Intelligence platform announced ‘the world’s first’ marketplace for on-chain data. The Arkham Intel Exchange marketplace will allow users to post and request information about protocols and digital assets for a reward.
Early Arkham service users received the opportunity to participate in the airdrop. Coins were issued based on activity and the number of referral invitations.