Outside Source
The ANIME coin will be launched on Ethereum and Arbitrum in January 2025, with 50.5% of tokens being allocated to the community and more than 20% going to the team, advisors and company.
Nearly 10 months after the release of the anime-based web3 network, AnimeChain, the Animecoin Foundation is launching its community’s native token, ANIME on Ethereum (ETH) and Arbitrum (ARB). According to the official post, the upcoming token is meant to empower the anime fandom, its creators and build “an open anime universe.”
“ANIME is a Culture Coin — a movement that transforms the anime fandom of 1 billion fans into a community-owned network of creativity,” wrote Anime coin in its blogpost.
The Animecoin community is backed by the Arbitrum Foundation and popular NFT brand Azuki. Therefore, receivers of the token consist of the Animecoin community itself as well as partner communities such as the Hyperliquid Community —known as HYPE stakers—, Kaito yappers community, and Arbitrum communities.
Although an official release date has not been announced yet, the Animecoin foundation has prepared a total token supply of 10 billion ANIME tokens and an initial circulating supply of 7.69 billion ANIME.
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% will be allocated for Community Cultivation, held by future AnimeDAO to fund community incentives and initiatives. Meanwhile, a separate 2% will go to partner communities.
Around 24.44% of the token supply will go to the Animecoin Foundation, which will use the funds for grant programs and other initiatives meant to connect Anime coin and the broader anime industry. In fact, the section’s name, Domain Expansion, is a direct nod to popular anime franchise Jujutsu Kaisen’s Gojo Satoru, a character known for using an advanced sorcery technique of the same name.
On the other hand, 15.62% of the token supply will be allocated to the Azuki team, contractors and advisors with an unlocking period of over three years for nearly 67% of their tokens, while 33.33% of their tokens will be unlocked after one year.
Additionally, the Azuki company stands to gain 7.44% of the token supply. The same unlocking period of three years with a one year cliff also applies to the company Anime coin holders upon launch, while community holders will find their tokens fully unlocked upon launch.
This article first appeared at crypto.news
