[Source: Kanye plans to launch Meme coin YZY] According to Foresight News, CoinDesk cited sources as saying that American rapper Kanye (Ye, formerly known as Kanye West) plans to launch a crypto token called "YZY", which is designed to help Kanye avoid platforms like Shopify, which have cut ties with him due to his hate speech. 70% of the YZY tokens, named after Ye's Yeezy clothing brand, will be reserved for Ye personally, with only 10% used for liquidity supply and 20% allocated to investors. YZY is packaged as Yeezy's official currency and will be accepted as payment on his website. The YZY token was originally scheduled to be sold on Yeezy's website at 6:00 p.m. Thursday, but the launch was postponed to Friday, according to a team member who requested anonymity for fear of being publicly associated with the project. Sources close to the YZY team told CoinDesk that Ye's goal is to imitate Donald Trump's TRUMP.