The Azuki NFT project has just launched a new initiative—the ANIME token—celebrated on their website as a “culture coin” dedicated to the world of Japanese animation.
This news has led to an impressive 9.1% uptick in the value of Azuki NFTs, with the lowest-priced NFT currently hitting 13.77 ETH, roughly equating to $42,000, according to CoinGecko.
Community Engagement and Token Distribution
In their latest announcement, Azuki revealed they have acquired the domain Anime.com.
This new platform is set to debut alongside the ANIME token, aiming to create a centralized community space for anime fans worldwide.
The organization continues to emphasize its ambition to cultivate a vast, interconnected universe for the anime community.
Community involvement plays a significant role in the token distribution model.
A hefty 50.5% of the total supply will benefit the community directly.
At launch, 37.5% will be accessible, while the remaining 13% will be managed by token holders through the future AnimeDAO, designed to foster various community-led projects and initiatives.
Team Allocation and Vesting
Meanwhile, team members and advisors associated with the project will obtain 15.6% of the total token supply.
To reinforce their dedication, this allocation will undergo a three-year vesting period.
Market Trends and Comparisons
Azuki’s move to introduce a homegrown token mirrors the trend set by the Pudgy Penguins, which launched its own token named PENGU in December.
This strategy has allowed Pudgy Penguins to amass an impressive market capitalization of around $1.87 billion, showcasing the increasing inclination within the NFT realm to develop exclusive tokens.
Source: Coindesk
