Binance, the world’s largest cryptocurrency exchange, announced that it will test a new application to prevent excessive volatile movements during Launchpad listings.
In a recent blog post, Binance announced an important innovation to try for the first time. During the listing of Launchpad projects avoid serious volatility And to protect investors from possible losses Binance, which took the first step, after the listing of the projects, for the first five minutes imposed a price limit.
Within the first 5 minutes after a project is listed on the board up to 10 times maximum Stating that it can rise, Binance said that the first try 32. Launchpad project Arkham (ARKM) stressed that it will. In this case, the exit price $0.05 ARKM, in the first 5 minutes of its listing on the stock market, from $0.50 maximum can be processed.
Binance is a testing phase and that it has not yet been decided whether it will be implemented in future Launchpad projects:
After the first five minutes, there will be no restrictions and trading will continue as normal. Note that this initial price cap mechanism is under trial for the ARKM token launch, and it has yet to be determined whether this will be an ongoing feature of all future Launchpads.
Launchpad opt-in process 09:00 CET on 17 July ARKM’s token distribution operations, which started as of 18 July at 10:00 CETwill take place in. ARKM stock market listing at the same day and time at 15.00 will happen.