According to CoinDesk, American rapper Ye, formerly known as Kanye West, plans to launch a memecoin called YZY, imitating the TRUMP token. The token is expected to launch on February 23. Ye will control 70% of the token's supply, with 20% allocated to investors and 10% to liquidity provision. The YZY token is intended to serve as the official currency for the Yeezy brand after Shopify cut ties with West. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io