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The price of OKX’s native token, OKB, surged by 20%, reaching $58.86 on January 17, 2025, following the announcement that OKX had selected OKB as a primary token for mining Animecoin (ANIME). This move comes as part of a new Web3 initiative aimed at revolutionizing the anime industry and transforming it into a community-owned network.
OKX’s decision to use OKB for mining Animecoin has attracted considerable attention. Starting from January 20, users of the OKX exchange will be able to participate in mining Animecoin via OKX’s Jumpstart program. Users can stake either their OKB tokens or Bitcoin (BTC) to mine the new token, which will continue until January 23. OKX has outlined that OKB holders can stake up to 600 OKB tokens, while BTC holders can stake up to 0.3 BTC (approximately $30,000).
The total supply of Animecoin is capped at 10 billion tokens, with a portion of these tokens set aside for OKX Jumpstart participants. Notably, staking for the event is flexible, meaning users can unstake their tokens at any time during the mining process.
Animecoin, which is being launched on both Ethereum and Arbitrum, will have more than 50% of its total token supply allocated to the community. Specifically, 37.5% is reserved for the Azuki community, recognized as early supporters of the project, and 13% will be allocated for community cultivation, which will be governed by the future AnimeDAO. This will fund community initiatives and incentives. Additionally, 2% of the total supply will go to partner communities.
Developers behind Animecoin have stated that the goal of the token is to empower the anime fandom and its creators while creating an “open anime universe.” The project is backed by Arbitrum and the highly popular Azuki NFT collection, which has generated significant interest in the anime and Web3 space.
This move by OKX is seen as a significant step towards further integrating the anime industry with blockchain technology, providing a new avenue for fans and creators alike to engage with the space.
