ANIME, which is current trading hands at $0.063, has a fully diluted value (FDV) of around $630 million with approximately 5.53 billion tokens in circulation
Animecoin (ANIME), a new token created to support the Azuki NFT project's ecosystem, has achieved a market capitalization of over $350 million just one day after its highly anticipated launch.
According to data from CoinMarketCap at press time, ANIME is currently trading at $0.063 with a fully diluted value (FDV) of around $630 million with roughly 5.53 billion tokens in circulation.
The token was airdropped to Azuki NFT holders on Monday, January 23, and quickly began trading on several cryptocurrency exchanges, including Binance, OKX and MEXC. Notably, Binance is not listing the token price on its exchange, despite being the platform where ANIME is trading at the highest volume.
Upon its launch, ANIME had a total supply of 10 billion tokens, out of which 37.5% were allocated to the Azuki community. An additional 13% of the tokens will be managed by ANIME holders through a future DAO for the purpose of “community cultivation,” according to the project's tokenomics page.
Moreover, the Azuki Foundation received 24.44% of the tokens, while the remaining roughly 25% were split among the Azuki company, early contributors and partner communities, including Hyperliquid's HYPE stakers, Kaito yappers and Arbitrum communities. These tokens are set to unlock over three years, with a one year cliff.
Animecoin is a part of the broader anime-themed Web3 network that Azuki and the Arbitrum Foundation are building. Forthcoming launches include Animechain, a Layer 3 network that will be built using Arbitrum's Orbit technology and will utilize Animecoin as a gas token.
Launched by Chiru Labs in 2022, the Azuki NFT project features 10,000 digital artworks of anime-inspired figures. The project is consistently among the top NFT collections by weekly trading volume, with sales of $31.6 million from January 12 to 19, according to The Block's Data Dashboard.
Chiru Labs also launched a virtual world for the Azuki ecosystem called Hilumia in January 2023, as previously reported by The Block.
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