OKB Price Surges 20% as OKX Announces Animecoin Mining

The price of OKB, the native token of OKX, has seen a significant surge of 20% to $58.86 on January 17. This increase comes after OKX chose OKB as a primary token for mining Animecoin, a new web3 project aimed at transforming the anime industry into a community-owned network.

OKX Jumpstart Program

Starting January 20, OKX will begin mining Animecoin through its Jumpstart program. This program allows users to stake their OKB tokens or Bitcoin to mine ANIME tokens. The mining event will run until January 23, giving OKB holders the opportunity 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 their tokens anytime during the event.

ANIME Tokenomics Framework

The ANIME token will be launched on both Ethereum and Arbitrum in January. The tokenomics framework reveals that more than 50% of tokens will be allocated to the community, with over 20% going to the team and advisors. According to developers, the ANIME token is designed to empower the anime fandom, its creators, and build “an open anime universe.”

Breaking down the token allocation, 50.5% of the total token supply will be allocated to the community. This includes 37.5% for the Azuki community as “early supporters” of Animecoin and 13% for Community Cultivation, held by future AnimeDAO to fund community incentives and initiatives. A separate 2% will be allocated to partner communities.

The surge in OKB’s price highlights the growing interest in web3 initiatives and community-owned networks. As the crypto market continues to evolve, it’s essential to stay informed about the latest developments and trends.

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