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OKB price surged 20% after OKX chose it as the primary token to mine Animecoin, a new project aimed at transforming the anime industry into a community-owned network.
The price of OKX's native token OKB (OKB) soared 20% to $58.86 on Friday, January 17, after the crypto exchange chose it as the primary token for mining Animecoin (ANIME), a web3-backed initiative by Arbitrum and the popular Azuki. nft Collection.
Starting January 20, OKX will begin mining Animecoin through its Jumpstart program, where users can stake their OKB or bitcoin (btc) tokens to mine ANIME, OKX said in a Press release on January 17. Mining will run until January 23, with OKB holders able to stake up to 600 OKB and btc holders up to 0.3 btc (around $30,000).
The total supply of Animecoin is 10 billion tokens and a portion will go to OKX Jumpstart participants. OKX says staking is flexible and adds that it can be withdrawn at any time during the event.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 allocated to the community and over 20% going to the team and advisors, among others. According to the developers, the upcoming token is intended to empower the anime fandom, its creators and build “an open anime universe.”
As previously reported by crypto.news, up to 50.5% of the total token supply will be allocated to the community, consisting of 37.5% to the Azuki community as “early supporters” of Animecoin and 13% will be allocated to community cultivation. by the future AnimeDAO to fund community initiatives and incentives. Meanwhile, another 2% will go to partner communities.
