Kanye West, now known as Ye, has once again sparked controversy with his announcement of a new cryptocurrency token named Swasticoin. The announcement has drawn widespread backlash due to its offensive implications.
Swasticoin Announcement and Public Reaction
Kanye West shocked the public with his plans to launch the Swasticoin cryptocurrency token, accompanied by a series of controversial social media posts. Claiming the token would be available 'next week,' he has received significant negative attention.
Alternative YZY Token and West's Plans
In addition to Swasticoin, West is reportedly working on a token named YZY, intended to bypass the alleged censorship of his Yeezy store. Sources indicate he plans to retain 70% of the token's supply for himself.
Crypto Community Reaction and Consequences
The public and crypto community have reacted negatively. Binance co-founder Changpeng Zhao and other industry leaders expressed discontent with the situation, while West's posts have been flagged as potential scams.
While Kanye West claims that Swasticoin will be launched next week, there is skepticism about his true intentions. His provocative statements have once again put the star in the spotlight, sparking discussions about influence and responsibility in the crypto world.
