The Non-Fungible Token (NFT) project Pudgy Penguin issued a Token, which seems to have paved the way for those NFT projects that are still hesitant about whether they should issue a Token. Azuki, another NFT project, announced the issuance of the ANIME Token today and established the Animecoin Foundation to drive the development of the ecosystem.
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ToggleWhat is the ANIME Token?
The official did not provide too much explanation about the ANIME Token, only writing in the announcement:
"ANIME is a cultural Token - a movement to transform the global 1 billion anime fans into a community-built creative network. Here, passion becomes power, cultural energy becomes real value, and the boundaries between consumers and creators will be completely blurred."
ANIME Token Economy
It is reported that the total supply of ANIME Tokens is 10 billion, with an initial circulation of 7.69 billion ANIME. The specific allocation is as follows: 37.5% of the Tokens are allocated to the Azuki community, 13% to AnimeDAO, 24.44% to the Animecoin Foundation, 2% to partner communities (HYPE, Kaito, Arbitrum), 15.62% to the team and advisors (unlocked 33.33% after 1 year lock-up, the rest linearly unlocked), and 7.44% will be used for Azuki company (unlocked 33.33% after 1 year lock-up, the rest linearly unlocked).
Although the statement says that the Animecoin Foundation will use funding programs to direct some of the Token supply to passionate anime creators and builders, making them future ANIME holders, based on the Token allocation, this distribution may only account for a small portion of the total supply. From the current data, not many Tokens seem to be allocated for long-term planning.
Does Token Issuance Help the Development of NFT Projects?
The most famous NFT Token issuance cases in the market are APECOIN and PENGU. However, the performance of these two Tokens after issuance has not been ideal, and the NFT prices have even peaked before and after the Token issuance. From these examples, it seems that while the Token issuance provides a large amount of funding for the team and community, it does not appear to have a significant positive impact on the subsequent success or failure of the NFT project.
