Azuki’s Anime token surpassed the market cap of $ 350 million within one day of its launch.

Animecoin (Anime), a new token that supports the Azuki NFT project ecosystem, has achieved a market cap of more than $ 350 million a day after its launch.

According to COINMARKETCAP, ANIME’s complete dilution value (FDV), which is currently trading for $ 0.063, is about $ 630 million and about 5.53 billion tokens are distributed.

Anime was released on January 23 with a total of 10 billion tokens. According to the token economics page of the project, 37.5%of the tokens will be moved to the Azuki community, and additional 13%will be secured separately for the ANIME holder through the DAO for “fostering the community.”

The Azuki Foundation will receive 24.44%of the token, and the remaining 25%will be distributed between partner communities, including Azuki companies, initial contributors, and Hyperliquid’s Hype staker, Kaito Yapper and Arbitrum community. These tokens, which were separately prepared for early contributors, torture and Azuki staff, are unlocked over three years and have a one -year cliff.

Animecoin is part of the animation -based Web3 network built by Azuki and Arbitrum Foundation. In the future, the launch includes Animechain, a layer 3 network built using Arbitrum’s Orbit technology, which uses Animecoin as a gas token.

The Azuki NFT project, launched by Chiru Labs in 2022, includes 10,000 digital works inspired by animation. According to The Block’s data dashboard, the project is one of the most popular NFT collections based on weekly trading volume and earned $ 31.6 million between January 12 and January 19.

Chiru Labs also launched a virtual world for the Azuki ecosystem called Hilumia in January 2023, The Block reported.

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