Kanye West is rumored to be launching a memecoin

The rapper Ye would have prepared himself to launch his own piece called Yzy.

Rapper Ye, previously known as Kanye West, launches his own Yzy room to be used as an official currency of his Yeezy clothing brand, according to a February on February 21 Coindesk report.

Coindesk obtained the information from an email addressed to Hussein Lalani, who said he was the Yeezy financial director. Lalani sent an unsolicited document describing the launch of the token and asked Coindesk to retain the publication under an “embargo”.

However, Coindesk refused the embargo, and the document was then checked by three unknown sources near the project. According to one of them, the release of the token was initially set for Thursday, but it was delayed on Friday.

According to the unsolicited press release Yzy, the distribution of Yzy tokens will see 70% of the total offer reserved for YE, the remaining 30% between 10% for liquidity and 20% for investors. The part of Ye of the token will be distributed via an acquisition calendar in several phases, certain parts being locked up to 12 months, which means that they cannot be sold until this moment. Despite the acquisition calendar, concerns have always been raised on the amount allocated to you compared to the share given to investors.

This decision is supposed to help you rebuild its income after losing partnerships with companies like Adidas And Shop After his anti -Semitic comments. Ye recently faced a backlash for his controversial remarks, which led to several large brands that separate the links with him. More recently, the SHOPIFY electronic commerce company has closed its store in response to its hateful rhetoric. In 2022, Ye Los relied with Adidas, Balenciaga and his talent agency after a series of anti -Semitic remarks, such as the breeding of Adolf Hitler in a live interview and sharing provocative articles on Jewish and other groups on social networks.

The rapper hinted at the launch of his own piece when he tried to reach out to the CEO of Coinbase, Brian Armstrong. However, it later poster That he did not throw any part of parts, despite the offer of $ 2 million to do so because “the coins attack fans with media threw”.