Azuki creators’ Animecoin team announces token launch

Animecoin’s developers will in January hold a TGE. They will distribute 50.5% of ANIME’s supply to community members with no lock-up period.

Animecoin is backed by Arbitrum and the creators of the Azuki NFT collection. The founders aim to build a blockchain ecosystem to support the development of anime culture.

“ANIME is a ‘cultural’ coin that turns 1 billion fans into a community-owned creative network,” the document says.

The total supply on Ethereum and Arbitrum will be 10 billion coins. At the TGE, 7.69 billion ANIME will enter circulation.

The breakdown is as follows:

• 37.5% allocated to the Azuki NFT community;
• 13% reserved to boost community engagement via funding initiatives selected by AnimeDAO;
• 7.44% will go to Azuki with a three-year vesting period and a one-year lock-up;
• 15.62% earmarked for employees, partners and advisers as “early participants” with similar restrictions;
• 24.44% allocated to ecosystem development, for example funding grant programmes and supporting various operations of the Animecoin Foundation;
• 2% reserved for other partner communities, including Hyperliquid, Kaito AI and Arbitrum.

In September 2024, NFT Evening concluded that 96% of non-fungible-token collections were “dead”. One exception is Azuki, whose investments on average increased 2.5 times.

In November, the team behind the decentralised perpetuals exchange Hyperliquid carried out one of the largest airdrops in the crypto industry.

The HYPE distribution made ForkLog’s list of notable DeFi events of 2024.