Overview

The NFT project Azuki has introduced the ANIME token, themed around Japanese cartoons, with a commitment to allocate 50.5% of its supply to the Azuki community.

Key Details

• Employees and advisors will receive 15.62% of the supply, subject to a vesting schedule.
• Following the announcement, the price of Azuki NFTs rose by 9.1%, with the lowest priced NFT at 13.77 ETH ($42,000) as per CoinGecko.

Community Focus

Azuki emphasized community involvement, confirming that a majority of the token will be distributed to community members, with 37.5% of the supply unlocked immediately during launch and an extra 13% under the management of ANIME holders for community initiatives.

Background Information

This initiative follows precedents set by other projects such as Pudgy Penguins, which recently launched their PENGU token, attaining a market cap of $1.87 billion.