Music

Kanye West is getting his own currency

by Tyler Munro

Bitcoin is crashing, opening the door for other cryptocurrencies to make their mark. And as funny as Dogegoin is, Coinye West is poised to be the biggest crossover yet. Yes, it’s exactly what it sounds like.

According to Noisey, the Kanye West-inspired digital currency will launch on January 11th, and while its creators haven’t yet gotten Yeezy’s endorsement, they’ve tried to nab it—halfheartedly, mind you—with tweets to the rapper. Still, because they’re worried he’ll stomp down the idea, they’re opting to remain anonymous.

The idea behind Coinye West is to make cryptocurrency less daunting to the masses, and its creators are planning on releasing a front-end mining system to making mining coins easier than ever. If you’re totally lost, the concept of mining is how digi-currency is created; users collaborate on system resource heavy problem solving, which upon completion release blocks of currency.

Its creators say they’ll gift some coins to its first batch of users, and they’re hoping Kanye will be so stoked on having his own currency that he’ll dive head first into the market.

“We don’t want to pay him off to name check us, but it’d be sick if he does so,” said its creators. “In-fact, we’re making an open invitation to Kanye: Get hold of us at coinyewest.com and we’ll send you 100,000 COINYE on launch.”

Translation: they don’t want to pay him off, but they absolutely will. We’ll see how Coinye West fares when it launches next week. Technical details on the currency can be found on its website, but all you really need to know is its mantra: we ain’t minin’, we pickin’.