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According to official announcement, Binance Launchpad opened the subscription channel for Arkham ($ARKM) at 6:00 UTC on July 17, 2023. This Launchpad adopts a subscription model based on users' 6-day average holding of $BNB. Subscription for the $ARKM token sale on Binance Launchpad will remain open for 24 hours.
After the subscription is complete, Binance will list Arkham ($ARKM) in the innovation zone and open trading for ARKM/BTC, ARKM/USDT, ARKM/TUSD, ARKM/BNB, and ARKM/TRY trading pairs on July 18 at 12:00 pm UTC.
Binance reminded users that due to the high volatility when trading commences under Launchpad, in order to protect users, Binance will be trialing an initial price limit mechanism where for the first five minutes of trading the maximum transaction price is set at ten times the public sale token price (i.e., in the case of $ARKM, $0.50, ten times of public sale token price). After the initial five minutes, there will be no restrictions and trading continues as normal. Note that this initial price limit mechanism is being trialed for the $ARKM token launch and it is yet to be determined if this will be an ongoing feature of all future Launchpads.
Related: Binance Announces Arkham ($ARKM) Token Sale on Binance Launchpad
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