OKB Price Rises by 20% as OKX Selects it for Mining Anime-Inspired ANIME Token
OKB’s price rose by 20% after OKX chose it as a 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) soared by 20% to $58.86 on Friday, Jan. 17, after the crypto exchange selected it as a primary token for mining Animecoin (ANIME), a web3 initiative backed by Arbitrum and the popular Azuki NFT collection.
Starting Jan. 20, OKX will begin mining Animecoin through its Jumpstart program, where users can stake their OKB tokens or Bitcoin (BTC) to mine ANIME, OKX said in a press release on Jan. 17. The mining will run until Jan. 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 states that staking is flexible, allowing participants to unstake at any time during the event.
The ANIME token will be launched on both Ethereum and Arbitrum in January, with more than 50% of tokens being allocated to the community and over 20% going to the team and advisors, among others. According to developers, the upcoming token is designed to empower the anime fandom and its creators, aiming to build “an open anime universe.”
As cryptopeas.com reported earlier, as much as 50.5% of the total token supply will be allocated to the community, consisting of 37.5% for the Azuki community as “early supporters” of Animecoin and 13% allocated for Community Cultivation, held by the future AnimeDAO to fund community incentives and initiatives. Meanwhile, a separate 2% will go to partner communities.
