OKB price surged by 20% following OKX’s selection of it as the primary token for mining Animecoin, a new project designed to revolutionize the anime industry into a community-owned network. The price of OKX’s native token, OKB, skyrocketed to $58.86 on Friday, January 17, after the crypto exchange announced its decision to use OKB for mining Animecoin (ANIME), a web3 initiative supported by Arbitrum and the popular Azuki NFT collection.
Commencing on January 20, OKX will kick off the mining of Animecoin through its Jumpstart program, allowing users to stake their OKB tokens or Bitcoin (BTC) to mine ANIME. The mining activity will continue until January 23, with OKB holders having the option to stake up to 600 OKB and BTC holders up to 0.3 BTC (approximately $30,000). The total supply of Animecoin is set at 10 billion tokens, with a portion allocated to OKX Jumpstart participants.
Staking is described as flexible by OKX, with participants having the ability to unstake at any time during the event. The ANIME token is scheduled to launch on both Ethereum and Arbitrum in January, with more than 50% of tokens earmarked for the community and over 20% allocated to the team, advisors, and other stakeholders. The developers behind the project aim to empower the anime fandom, creators, and construct an “open anime universe.”
As reported by crypto.news, a significant portion of the total token supply will be dedicated to the community, including 37.5% for the Azuki community as early supporters of Animecoin and 13% for Community Cultivation, managed by future AnimeDAO to finance community incentives and initiatives. Additionally, 2% of the tokens will be allocated to partner communities.
The collaboration between OKX and Animecoin signifies a significant step towards transforming the anime industry and fostering community ownership within the sector. With the launch of the ANIME token on the horizon, stakeholders and enthusiasts can anticipate a new era of innovation and collaboration within the anime ecosystem.