Main to remember
- Kanye West launched the Yzy Ecosystem Same Coin and Payment on Solana.
- Yzy Token offers anti-sniping features, acquitting via Jupiter Lock, and is negotiable on Meteora.
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Kanye West, now known as Ye Ye, officially released Yzy, a new crypto token on the Solana blockchain, joining celebrities who have already ventured into digital active ingredients with mixed success, rapper Mogul announced on Wednesday evening on X, sharing a self-filmed video confirming the launch.
The Yzy token briefly reached a market capitalization of $ 3 billion after YE’s announcement, according to geckoterminal data.
You have also revealed plans for a payment ecosystem called Yzy Money.
The project includes the YZY token, the Ye Pay payment processor and the Yzy card to spend digital assets. The token works with a total offer distributed through public allowance (20%), liquidity (10%) and the sections acquired for Yeezy Investments LLC (70%).
The system uses an anti-sniping mechanism that has deployed 25 contractual addresses, with a single selected as an official Yzy token.
“This dissuades the elite shooters by making a 1/25 chance of selecting the right CA, putting power back in the hands of real traders”, according to the documentation of the project.
Yzy Money is described as “a concept for a new financial system, built on cryptographic rails”, while you pay aims to reduce the costs of merchants by “accepting the credit card and the crypto”. The Yzy card will allow users to spend Yzy and USDC on a global scale.
The token acquisition calendar uses Jupiter Lock, an open source and audited protocol, with three tranches with different cliff periods and 24 -month acquisition conditions. Trading is available via Meteora sur Solana, with the official address of the published liquidity pool.
It is a story in development. Please come back for new updates.
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