#BinancSquare After the launch of the YZY currency on the Solana blockchain, there is a lot of momentum and mystery surrounding the nature of the project! Hours ago, the artist "Kanye West," currently known as "Ye," announced the launch of his new digital currency YZY on the Solana network, in a move that adds to the attempts of several celebrities to enter the world of cryptocurrencies.

The announcement came through a video posted by "Ye" on platform X last Wednesday evening, confirming the official launch of the project.

The currency recorded a strong surge at the moment of its launch, with a temporary market value of 3 billion dollars according to data from "GeckoTerminal."

According to the marketers of the project, it is not limited to the YZY digital currency only, but also includes a comprehensive plan to launch an electronic payment system known as "YZY Money," which includes:

YZY Currency: Its total supply is distributed as follows: 20% for public allocation, 10% for liquidity, and 70% to vesting tranches allocated to "Yeezy Investments LLC."

Ye Pay Payment Processor: Aims to reduce transaction fees for merchants, with support for cryptocurrency payments and credit cards.

YZY Card: Allows users to spend YZY and USDC globally.

The project adopts a unique mechanism to combat phishing attempts by deploying 25 smart contract addresses, with a single official address for the YZY currency, which reduces the chances of imitation and directs users towards self-verification. According to the official post:

This mechanism restores authority #BinancSquare