Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
Arbitrum and Azuki’s anime-focused crypto project revealed its tokenomics on Sunday, which allocates 50.5% of total supply to the community.Other communities, including Hyperliquid and Kaito, are also set to receive part of the supply.The token is scheduled to launch this month.
Animecoin, the cryptocurrency project backed by Arbitrum and the Azuki NFT series, announced its tokenomics for the Anime token, expected to launch within this month on Ethereum and Arbitrum.
Out of the total supply of 10 billion tokens, 50.5% is set to be allocated to the community, according to the tokenomics announced Sunday. Specifically, 37.5% of the supply is set to be given to the Azuki NFT community, while 13% would be reserved for “community cultivation.” The latter will be managed by holders via AnimeDAO to fund community initiatives.
The Azuki company is set to receive 7.44% of the supply with a three-year vesting period and a one-year cliff. Azuki employees, contractors and advisors receive 15.62% as “early contributors,” with the same vesting conditions.
The foundation would be allocated 24.44% of the supply for ecosystem growth, such as funding grant programs and supporting various operations at the foundation. The remaining 2% of the supply is set aside for other partner communities, including Hyperliquid, Kaito AI and Arbitrum.
With the tokenomics, Anime's initial circulation supply starts at 7.69 billion, the foundation stated.
The Animecoin project is a collaboration between the Arbitrum Foundation, Azuki and Weeb3 Foundation that started with a goal to create a blockchain ecosystem focused on supporting the growth of anime culture.
Azuki Founder Alex Xu, also known as Zagabond, wrote in June that the overall experience of anime culture is fragmented, citing a lack of a unified platform.
“ANIME is a Culture Coin — a movement that transforms the anime fandom of 1 billion fans into a community-owned network of creativity,” the Animecoin Foundation wrote in the Monday post.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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