The price of OKB rose by 20% after OKX selected it as the primary token for mining Animecoin, a new project aimed at transforming the anime industry into a community-owned network.
The price of OKX’s native token OKB (OKB) surged by 20% to $58.86 on Friday, January 17, after the cryptocurrency exchange designated it as the primary token for mining Animecoin (ANIME), a Web3 initiative supported by Arbitrum and the popular Azuki NFT collection.
Starting January 20, OKX will commence mining Animecoin through its Jumpstart program, where users can stake their OKB tokens or Bitcoin (BTC) to mine ANIME, as stated in a press release on January 17. The mining will continue until January 23, allowing OKB holders to stake up to 600 OKB and BTC holders up to 0.3 BTC (approximately $30,000).
The total supply of Animecoin is 10 billion tokens, with a portion allocated to OKX Jumpstart participants. OKX emphasizes that staking is flexible, allowing users to unstake at any time during the event.
The ANIME token will be launched on both Ethereum and Arbitrum in January, with over 50% of the tokens designated for the community and more than 20% allocated to the team and advisors, among others. According to the developers, the upcoming token aims to empower the anime fandom and its creators while building “an open anime universe.”
As ethdaily.net reported earlier, up to 50.5% of the total token supply will be allocated to the community, which includes 37.5% for the Azuki community as “early supporters” of Animecoin and 13% for Community Cultivation, managed by the future AnimeDAO to fund community incentives and initiatives. Additionally, a separate 2% will be directed to partner communities.