Anim (ANIM) Token Whitepaper

Introduction

The Anim token is a reward mechanism and primary currency of the anim.cc platform, specifically designed to be feeless and non-inflationary. Its purpose is to incentivize user engagement and serve as a reliable payment option within the platform.

Features and Benefits

• Monetizing and incentivizing user participation: Anim token allows content creators to monetize their work by receiving rewards for their contributions, it incentivizes users to participate in the anim.cc community by offering rewards for creating content, and contributing to the platform's growth.

• Supporting a growing ecosystem: Anim token supports the growth of the anim.cc ecosystem by enabling the platform to invest in new features, technologies, and partnerships that will benefit users and enhance the user experience.

• Fast transactions: Anim token facilitates faster transfer speeds compared to traditional systems, offers increased user control and censorship resistance. It also reduces or eliminates the need for a trusted third party, making it easier to transact without relying on traditional payment systems.

Technical Information

The Anim token is built on the Vite, which is a generalised decentralized application platform that offers high throughput, low latency, and scalability while taking into account security. Vite uses a DAG ledger structure and transactions in ledgers are grouped by accounts. The consensus algorithm used in Vite is HDPoS which stands for Hierarchical Delegated Proof of Stake. This algorithm is designed to provide high performance and scalability by allowing for asynchronous writing and confirming of transactions. In other words, transactions can be processed simultaneously without waiting for each other to be confirmed. HDPoS achieves this by using a hierarchical system of delegating nodes to validate transactions, with each node responsible for a certain level of the network. An important improvement in Vite design is the adoption of an asynchronous Event Driven Architecture, which transmits information through messages between smart contracts, greatly improving system throughput and scalability. Vite realizes resource allocation by quotas, and users do not have to pay transaction fees. The Anim token will leverage these technological features of Vite to offer fast transaction speeds, no transaction fees, and a secure environment for transactions within the anim.cc ecosystem.

Token Specifications

• Transaction speed: Transactions are typically confirmed within 3 seconds.

• Transaction fees: There are no fees charged for transactions.

• Token supply: Total supply is set at 88,888,888,888, and it will remain fixed as no additional tokens will ever be created.

• Distribution: Token distribution plan entails allocating the majority of tokens to incentivize content creators, partnerships and exchange listings. A small portion of the tokens will be allocated to giveaways, free captcha faucets, and staking pools during the launch phase. Additionally, 10% of the tokens will be used to fund the development of the project. Repurchasing of tokens will also take place, as the Anim token will function as the primary currency for compensating users and making payments.