OKB's price rose 20% after OKX selected it as the primary token for Animecoin mining, a new project aiming to turn the anime industry into a community-owned network.

price OK xOKB's native token (United Nations) rose 20% to $58.86 on Friday, January 17, after the cryptocurrency exchange selected it as the primary token for mining Animecoin (ANIME), a web3 initiative backed by Arbitrum and the popular Azuki NFT group.

Starting January 20, OKX will begin mining Animecoin through its Jumpstart program, where users can... a class Their OKB tokens or Bitcoin (Bitcoin) to mine ANIME, OKX said in a press release On January 17th. Mining will continue until January 23, with up to 600 OKB and BTC holders able to stake up to 0.3 BTC (about $30,000).

The total supply of Animecoin is 10 billion tokens, a portion of which will go to OKX Jumpstart participants. OKX says the staking process is flexible, and this can be added at any time during the event.

The ANIME token will launch on both Ethereum and Arbitrum in January, with over 50% of the tokens allocated to the community and over 20% going to the team, advisors and others. According to the developers, the upcoming token aims to empower anime fans and creators and build an “open anime world.”

Such as crypto.news I mentioned Earlier, up to 50.5% of the total token supply will be allocated to the community, including 37.5% to the Azuki community as “early backers” of Animecoin and 13% will be allocated to community farming, which future AnimeDAO will reserve to fund community incentives and initiatives. At the same time, a separate 2% will be allocated to partner communities.