The Impossible Finance IDO 17 — Arken Finance Token Sale

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Impossible Finance

6 min readMar 15, 2023

Dearest Penguins, we are excited to announce our 17th IDO is with Arken Finance — the DeFi Abstraction Layer for the Multi-Chain Future! Arken Finance is an all-in-one trading portal and DeFi infrastructure layer that aims to abstract the complexities of DeFi. Recognising this as one of the largest barriers to entry for DeFi, Arken Finance bridges this gap for both developers and users, making it easier to build applications, and users & traders to seamlessly participate in the DeFi space.

Arken Finance is equipped with a colossal number of professional tools to help elevate your DeFi trades. Its feature-rich platform is a playground for any trader — beginner to advanced — to monitor real-time token prices and discover new market opportunities to make the most informed investment decisions.

You can learn more about Arken Finance by checking out their Website or Docs. More details, insights, and whitelist activities will be shared over the next few weeks across both Impossible and Arken Finance channels.

Participate in the IDO via the Impossible Launchpad

Learn how to use the Impossible Launchpad

Subscription Timeline:

KYC Preparation Period: Rolling ongoing basis
Staking Period: 15/03/2023 10:00 AM to 04/04/2023 10:00 AM (UTC)
Purchase Period: 04/04/2023 2:00 PM to 05/04/2023 2:00 PM (UTC)
Claiming Period: No earlier than 06/04/2023

Token Sale Details:

Token Ticker: ARKEN
Public Sale Hard Cap: US$1,000,000 (split into multiple pools)*
Available Networks: Arbitrum
Token Vesting: 100% distributed on day 1
Buy-back Protection Program: Arken Finance has pledged to Buy-back ARKEN tokens in the event token price falls beyond a certain threshold. More details to be released soon.

Day 1 Circulating Market Cap: 535,000,000 ARKEN
Total Token Supply (TTS): 10,000,000,000 ARKEN
TTS Allocated to Impossible Launchpad: 237,500,000 ARKEN
Public Sale Token Price: 1 ARKEN = US$0.004 BUSD
Listing Price: US$0.004
Token Sale Format: Staking Subscription
Sector: DeFi & Trading
Supported Staking Tracks: IDIA (BNB Chain, Arbitrum) vIDIA and Impossible staking partner (more details soon) only
Learn more via Arken Finance’s Medium and Docs
KYC requirements: Residents from countries or regions such as US, Mainland China, and UN-sanctioned countries are excluded from participating.

Stake IDIA on BNB Chain or Arbitrum

With Impossible’s most recent integration with Arbitrum, users now have the option of staking IDIA to participate in the Arken Finance IDO, in addition to BNB Chain. The breakdown of ARKEN tokens allocated to IDIA stakers on BNB Chain and Arbitrum is 75% and 25% respectively with the detailed allocation breakdown as follows*:

Note: Staking on Arbitrum is only available for the IDIA Standard and Unlimited Pools.

If you would like to participate in the Arken Finance IDO on Arbitrum, you can get IDIA on Arbitrum on Camelot DEX, or by bridging IDIA from BNB Chain to Arbitrum. Here’s a quick guide:

Step 1: Bridge IDIA tokens to Arbitrum: First bridge your IDIA tokens from BNB Chain to Arbitrum. You can do this on Multichain.

Step 2: Switch to Arbitrum Network on Impossible Finance: On the Impossible Launchpad, switch to the Arbitrum network on the drop-down menu at the top right of the page.

Step 3: Stake IDIA on Arbitrum: When the staking period commences, stake your IDIA tokens on IDIA Standard or Unlimited Sale cards.

Swapping IDIA directly on Arbitrum will be available soon — stay tuned!

Do note that all ARKEN tokens will be claimable on Arken Finance and distributed on the Arbitrum Network, regardless if you have staked on BNB Chain or Arbitrum.

Impossible Partner Staking Track

For Impossible IDO #17, we are excited to announce an additional staking track with one of Impossible’s close partners! What this means is that new users will also be able to participate in Arken Finance’s token sale by staking our mystery partner’s tokens!

Our partner will be revealed on 16 March! Keep an eye out on our social channels for more details.

Launchpad Staking Pools (Sale cards)

For Arken Finance ARKEN IDO, we will be having 6 sale cards to cater to different users:

IDIA Standard Sale (BNB Chain & Arbitrum): Stake limit — Users can stake a maximum of 25,000 IDIA tokens at any one time as consideration for allocation. The maximum ARKEN a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
IDIA Unlimited Sale (Arbitrum only): No stake limit — Users may stake any amount of IDIA on the Arbitrum network at any time as consideration for allocation.
vIDIA Standard Sale (BNB Chain only): Stake limit — Users can stake a maximum of 50,000 vIDIA tokens at any one time as consideration for allocation. The maximum ARKEN a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
vIDIA Unlimited Sale (BNB Chain only): No stake limit — Users can stake any amount of vIDIA at any time as consideration for allocation. The maximum ARKEN a user is able to purchase is capped at the user’s allocation, which is calculated after the staking period.
Whitelist Allocation Sales: Users can participate in our upcoming whitelist marketing campaigns and complete community-oriented tasks to stand a chance of winning guaranteed ARKEN allocation.
Mystery Partner Allocation Sales: Users from one of Impossible’s partner projects will be able to stake their native tokens to participate in the Arken Finance IDO.

How to purchase IDIA Tokens

If users do not have IDIA tokens yet for the ARKEN IDO, you can purchase it via the venues below:

Impossible Swap (Swap Guide)
Arken Finance
PancakeSwap
OpenSwap (Optimal way to find the best on-chain swap options)
Thena
Swap options on Arbitrum coming soon!

Helpful Guides

New to Impossible Finance? Check out some of our guides to get started!

Learn more about vIDIA, read this article or watch this video
Learn how to use our launchpad
Learn how to manage your account

Token Allocation Calculation

The token sale for ARKEN will follow the standard Impossible Launchpad staking subscription format whereby users’ stakeWeight is calculated based on the proportional amount of IDIA and vIDIA they stake and the duration they stake relative to the total amount and staking duration of the entire pool, with users’ staked IDIA and vIDIA balances recorded at the start of the staking period.
This design is currently selected to ensure that all users can have a proportionate access into the ARKEN token depending on which pool they enter. As we develop the Impossible launchpad product offering, we will enable other fair, smart allocation mechanisms which will further decentralize token distribution.

KYC Details

For more details about how to verify your wallet and pass KYC, follow our guide here!

About Arken Finance

Arken Finance is the Abstraction Layer for DeFi Protocols & User Experience. Arken helps abstract the complexity and unified liquidity and protocols to accelerate software development, making it easier for developers to build and create. On the user side, Arken provides the best user experience abstraction into a single user-friendly system over multiple networks, thousands of protocols, and millions of liquidity pools to make the transition to DeFi easy and painless.

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About Impossible Finance

Impossible Finance is the go-to crypto investment platform that empowers you with high-quality, fair and accessible crypto opportunities. We simplify DeFi so you can enjoy fairer investing, cheaper trading and better yields through our accelerator, launchpad, and swap platform.