Arkham Token Public Sale on Binance raises $2.5 million with 100,000 participants.

Arkham Token Public Sale on Binance raises $2.5 million with 100,000 participants.

The Blockchain Industry: Revolutionizing Transparency with AI-powered Tokens

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The blockchain industry continues to make significant strides in revolutionizing various sectors. One recent development is the launch of ARKM tokens on Binance, a leading cryptocurrency exchange. ARKM tokens were offered for sale through Binance Launchpad, the exchange’s platform for initial exchange offerings (IEOs). This successful token launch not only garnered immense interest from investors but also highlighted the potential of blockchain technology in promoting transparency and leveraging artificial intelligence (AI) for data intelligence.

The ARKM Token Sale and Trading

Binance concluded the public sale of ARKM tokens, developed by on-chain analytics provider Arkham Intelligence, raising nearly $2.5 million worth of BNB (Binance’s native cryptocurrency). This token sale attracted 114,454 participants, resulting in 10,288 BNB tokens being raised. Each ARKM token was sold for 0.00020576 BNB (approximately $0.05), with a total of 50 million ARKM tokens sold.

The overwhelming response from investors led to the token sale being oversubscribed by a staggering 990 times. Due to this high demand, three investors reached the hard cap allocation set for individual participants and their allocation was passed down to other users. Following the launch, ARKM was listed in Binance’s “innovation zone,” a category for higher-risk digital assets with low liquidity.

Trading of ARKM tokens is now available on Binance in various pairs, including ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB, and ARKM/TRY. Notably, limit orders (maker trades) on ARKM/TUSD incur zero fees, providing an attractive trading option for users.

Blockchain Transparency Empowered by AI

ARKM tokens have been hailed as “an intel-to-earn token powering the transparency of the blockchain with AI.” The project aims to incentivize the sourcing of data intelligence at scale and make it accessible to everyone, thereby enhancing clarity and transparency in the crypto industry. Binance’s research team highlighted the importance of this initiative in promoting a more transparent and trustworthy ecosystem.

The integration of blockchain technology and AI brings numerous benefits to the industry. By leveraging AI algorithms, ARKM tokens enable the analysis of on-chain data, providing valuable insights that can be used to enhance decision-making processes. This combination allows for a more efficient and secure way of verifying transactions, reducing fraudulent activities, and ensuring compliance with regulations.

Airdrops and Future Prospects

In addition to the token sale on Binance, ARKM tokens can also be claimed as an airdrop by early users of the Arkham platform. This strategy aims to reward early adopters and incentivize further participation in the ecosystem.

As of press time, the price of ARKM tokens stood at $0.64 on both Binance and the decentralized exchange Uniswap. While the price has significantly increased since its initial Launchpad selling price, it experienced a slight decrease of almost 7% for the day. This price fluctuation showcases the volatility inherent in the cryptocurrency market.

The success of the ARKM token sale on Binance and its subsequent listing on the exchange’s innovation zone demonstrate the growing interest in blockchain technology and its potential applications. As the industry continues to evolve, the integration of AI-powered tokens like ARKM holds the promise of transforming various sectors by enhancing transparency, boosting data intelligence, and fostering trust among participants.

Disclaimer: This article is for informational purposes only and should not be considered as financial or investment advice. The cryptocurrency market is highly volatile, and readers should conduct their own research and consult with professionals before making any investment decisions.

ARKM token price. Source: CoinMarketCap

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