The eminent American rapper Kanye West, alias Ye, ventures into the crypto space by presenting his new token, Yzy.
This decision comes after West faced several controversies which led to the breakdown of the platforms with him. With Yzy, he plans to bypass these platforms while integrating the token into the ecosystem of his Yeezy brand.
Distribution and role of tokens
THE Yzy token will be distributed in a way that guarantees that project control you. A majority share, 70%, will be allocated directly to him, with 10% reserved for liquidity purposes and 20% for investors.
Yzy is designed to serve as a main means of exchange within the Yeezy brand. This means that it will be a tenable form of payment on its official website. This allows you to take more control over the transaction process, bypassing traditional payment systems.
Delay launch and project updates
The initial liberation of the Token was scheduled for Thursday evening, but sources familiar with the project revealed that it had been postponed until Friday.
The delay raises questions about the execution of the launch, although no other detail has been provided. This setback comes in the middle of the Yzy token generating significant attention from the public.
The recent tendency of money launch even
Ye’s cryptocurrency initiative follows a series of similar launches and promotions by other leading figures. Argentinian president Javier Milei recently promoted A piece of memes based in Solana which briefly attracted attention before hunting in value.
Milei later moved from the medal. He said he was not informed of his details before sharing it with his millions of followers.
Likewise, US President Donald Trump released the memes Trump play in January, who saw an immediate peak but has since dropped. First Lady Melania Trump too spear His own room, Melania, almost at the same time.
Despite their popularity, the two tokens struggled to maintain the initial bullish dynamic with which they triggered while prices continue to drop.
Difles: This content is informative and should not be considered financial advice. The opinions expressed in this article may include the author’s personal opinions and do not reflect the basic opinion of cryptography. Readers are encouraged to do in -depth research before making investment decisions. The Crypto Basic is not responsible for financial losses.