#Kaynewest #YZYToken Kanye West, now known as Ye, has been making waves in the cryptocurrency world with his new coin, YZY. He announced the launch of YZY on his X account, claiming it's the only genuine cryptocurrency, while labeling all others as "fake".¹

YZY is designed to be the official currency for Ye's Yeezy brand, allowing fans to purchase merchandise directly from his website.² The coin's primary use case revolves around payments for Yeezy products, aiming to bypass centralized platforms that have distanced themselves from Ye due to controversies.

Here are some key points about YZY:

- *Token Distribution*: Ye holds 70% of the tokens, with 10% allocated for liquidity and 20% for investors.³

- *Blockchain Compatibility*: Details about YZY's blockchain compatibility are unclear, but it's built with a focus on security and fan engagement.

- *Launch*: The initial token launch was scheduled for Thursday evening but was pushed to Friday.

- *Availability*: YZY is rumored to launch on Ye's official website, with potential listings on centralized exchanges like CEX.IO in the future.

Keep in mind that Ye's venture into cryptocurrency has sparked debate about the coin's long-term viability due to its centralized ownership.