Important Announcement (6 April, 2023)

Dear community,

We have discovered a minor issue regarding the distribution of the raised funds. We truly accept that there was a miscommunication occurred regarding the allocation from initially 2M USDC to 2.3M USDC, but we decided to honor the current situation and distribute the funds as stated.

However, please rest assured as this will not impact the claiming and trading timeline, which will proceed as planned. Our developers have already fixed the smart contract-related activities to reflect the corrected allocation.

The situation was as follows.

At first, Impossible Finance & Arken Finance agreed that a total of $2M worth of $ARKEN be distributed to both platforms as follows:

• sell allocation amount of 175,000,000 $ARKEN (700K USDC) from staking IDIA, vIDIA, and WL on Impossible Finance
• sell allocation amount of 75,000,000 $ARKEN (300K USDC) from staking C98 on Impossible Finance
• sell allocation amount of 250,000,000 $ARKEN (1M USDC) on Arken Finance

But there was a miscommunication and it turned out that a total of $2.3M worth of $ARKEN was distributed to both platforms as follows:

• sell allocation amount of 250,000,000 $ARKEN (1M USDC) from staking IDIA, vIDIA, and WL on Impossible Finance
• sell allocation amount of 75,000,000 $ARKEN (300K USDC) from staking C98 on Impossible Finance
• sell allocation amount of 250,000,000 $ARKEN (1M USDC) on Arken Finance

Summary of the public sale during 3–5 APR 2023, from all platforms.

1. Total Sale Allocated to Impossible Launchpad for staking IDIA, vIDIA, and whitelist: 250,000,000 $ARKEN
   Total Tokens Sold: ~82%
   Total Tokens Sold (in $ARKEN): 205,211,448.081 $ARKEN
2. Total Sale Allocated to Impossible Launchpad for C98 staking: 75,000,000 $ARKEN
   Total Tokens Sold: ~76%
   Total Tokens Sold (in $ARKEN): 57,133,324.287 $ARKEN
3. Total Sale Allocated to Arken Finance: 250,000,000 $ARKEN
   Total Tokens Sold: 100%
   Total Tokens Sold (in $ARKEN): 250,000,000 $ARKEN

Total $ARKEN Sold: 512,344,772.368 $ARKEN (~2,049,379 USDC)
Unsold Tokens: 62,655,227.632 $ARKEN

The unsold allocation will be transferred to Treasury and kept for further use in the future.

Once again, please rest assured as this will not impact the claiming and trading timeline, which will proceed as planned. We apologize for any inconvenience this may have caused and thank you for your continued support.