The rapper is allegedly preparing to launch his own coin named Yazi.
Rapper Ye, which was earlier known as Kanye West, is launching his own coins Yzy as an official currency for its Yeezy clothing brand, as by February 21, according to February 21 Report by coindesk,
Coindesk obtained information from an email addressed to Hussain Lalani, which claimed to be Yeezy’s Chief Financial Officer. Lalani sent an unwanted document underlining the launch of the token and asked the coindsk to withdraw the publication under “Ambargo”.
However, the coindsk rejected Embargo, and the document was later verified by nearly three unknown sources of the project. According to one of them, the release of tokens was initially scheduled for Thursday, but is delayed on Friday.
According to the unwanted yzy press release, yzy token distribution will appear 70% of the total supply reserved for the tu, the remaining 30% liquidity between 10% and 20% for investors. These parts of the token will be distributed through a multi-phase veseling schedule, in which some coins will be closed for 12 months, meaning that they cannot be sold until that time. Despite the westing schedule, you have still been concerned about the amount allocated to you compared to the given part to investors.
The move means that after losing partnership with companies such as Adidas and Shopfi, it is to help make up your income. Tu has recently faced backlash for his controversial remarks, causing many major brands to separate his relationship with him. Recently, e-commerce company Shopify closed its store in response to its disgusting rhetoric. In 2022, these Los Adidas, Balesiaga, and their talent participate with the agency, such as after a series of antisemic comments, such as praising Adolf Hitler in a live interview and about Jewish people and other groups on social media To share stimulating positions in.
Rapper indicated at the launch of his own coin when he tried to reach the coinbase CEO Brian Armstrong. However, he later Posted He was not launching any coins, despite he offered $ 2 million to do so, because “fans with hyp suffers coins.”
