AltcoinsHere’s why OKB price spiked 20% today

Here’s why OKB price spiked 20% today

-


  • OKB token surged more than 20% to hit highs of $61.29 on Jan. 17.
  • The altcoin, native to the OKX exchange, rose as the community reacted to news around Azuki’s Animecoin (ANIME).

OKB registered a price surge 20% higher. The price surge follows OKX adopting OKB as the primary token for mining Animecoin which is their maiden project aimed at revolutionizing the Anime industry.

On Friday Jan 17, the price of OKB, the native token of the OKX ecosystem rose by 20% posting a high of $58.86. This came after the crypto platform chose it as the primary token for mining Animecoin (ANIME), the Azuki backed token.

OKX Jumpstart and ANIME tokens

The OKX Jumpstart staking program  is set to begin mining Animecoin on Jan 20. The OKB users can stake their OKB and BTC tokens to gain Anime tokens.

The program will run from Jan 20 to Jan 23.

While there is no minimum limit for staking for the holders of OKB and BTC tokens, maximum staking limit is set at 600 OKB and 0.3 BTC ($30,000). Staking and unstaking is permissible at any given time.

Of the 10 billion total token reserve, a share will go to the active participants in the OKX Jumpstart event. 50.5% of the total supply will be apportioned to the community. 37.5% of the token will go to the Azuki community who are the very first supporters of Animecoin while Community Cultivation which is held by future AnimeDao will get 13%. The 13% will be used as community incentives and initiatives.

Partner communities will also get 2% share.

The Anime token Listing

The Anime token is set for listing on both the Ethereum and Arbitrum platforms on Jan 23. Sources indicate that the token will stir up great following among the Anime users,its creators and revolutinize the the anime ecosystem to a great deal.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

XRP Gains Edge in ETF Race Over SOL and DOGE, Says Kaiko

XRP leads the ETF race with 10 filings, strong U.S. exchange volume, and top-tier liquidity, outpacing SOL and...

Nissan Sakura 2025 Review: Price, Availability, Specs

The ride itself is surprisingly comfortable, an effect furthered by the sofa-like seats. While the height helps with...

Bitget Onchain Launched for Early Access to On-chain Assets

Following its recent initiatives, global crypto platform Bitget recently launched another innovation. The firm unveiled Bitget Onchain, a...

Advertisement

Ripple and SEC Back to the Table—What’s Next for XRP?

Ripple’s long-running legal battle with the U.S. SEC may be wrapping up, as both parties agreed on pausing...

Google used AI to suspend over 39M ad accounts suspected of fraud

Google on Wednesday said it suspended 39.2 million advertiser accounts on its platform in 2024 — more than...

Must read

XRP Gains Edge in ETF Race Over SOL and DOGE, Says Kaiko

XRP leads the ETF race with 10 filings,...

Nissan Sakura 2025 Review: Price, Availability, Specs

The ride itself is surprisingly comfortable, an effect...

You might also likeRELATED
Recommended to you