American rapper and businessman Kanye West is preparing to launch his own cryptocurrency meme token called YZY. This move is a response to restrictive measures from financial technology, which have cost him contracts with major fintech platforms. West hopes that creating his own token will help him bypass barriers and regain control over his financial affairs.
How the YZY token will be distributed
The YZY token will be distributed among several categories of participants. According to official information, 70% of the total token supply will go to Kanye West himself. The remaining 30% will be allocated to investor needs and market liquidity.
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