Grigory Pudovsky
Posted: September 6, 2024 at 9:35 AM Updated: September 6, 2024 at 10:15 AM
The $YAWN token announces its relaunch, promising new energy, passion and ambition.
Yawn prides itself on being the first meme token to develop decentralized web2, web3 infrastructure, and its philosophy is to find joy in simple moments without rushing.
To spread this message and positive influence, the project created $YAWN with the goal of developing a vibrant and engaged community that shares creativity, innovation, and humor.
Yawn pioneers a movement that values balance and mindfulness in the fast-paced world of modern life through a laid-back approach.
With a mission to make Yawn a household name, the project has created a roadmap to guide its future moves. According to the roadmap, the Yawn ecosystem includes a unique NFT collection with perks and exclusive access, the Yawn Al Sleep app, the AI-powered Yawn Trading & Wallet app, a GPU rental and lending platform, games, and a DAO.
Yawn is clearly a long-term entity with ambitious plans for the future, but before it can achieve all of this, YAWN will be relaunched. The relaunch was caused by “orchestrated fraud” by the delinquent project advisors.
Clash: The torture scam unfolds
Recently $YAWN has seen a massive sell-off, dropping its market cap from $40 million to $10 million this week, and is now down to under $475,000 today, according to Coinmarketcap.
This sell-off comes at a time when the broader cryptocurrency market is experiencing a sell-off, with BTC dropping below $56,000 and traditional stock markets losing $1 trillion, but $YAWN’s decline has been even more severe.
According to an official announcement from the project on X (formerly Twitter), the sale was “unfortunately and very surprisingly driven by a group of advisors who came highly recommended by certain KOL sources, who turned out to be greedy, toxic weeds, a disease within our community, and add absolutely no value.”
A new beginning: Relaunching with transparency and accountability
The YAWN team decided to reissue the token based on the principles of transparency and accountability. The team stated, “We want the community to be aware of potential threats,” and that reissuing the token would allow them to take a proactive approach to addressing their concerns.
“Our goal is to continue to build trust and credibility within the cryptocurrency community,” the team pledged, adding, “We are committed to upholding our values and ensuring we are on the most efficient path forward.”
The team took a snapshot of existing $YAWN holders on September 4th at 6pm UTC. As the token relaunches, all current holders will receive the same amount of tokens as they had when the snapshot occurred.
$YAWN holders are advised not to perform any transactions related to their tokens as the project will announce the re-launch date and details soon.
This has been a huge learning experience for the YAWN team, making them “even more determined to bring success to this amazing project.” So instead of focusing on what has happened so far, the project now aims to start anew with strong support from the community.
In the coming days, the YAWN team will be releasing over 400 products and 200 supplements, with 1200 new products coming next week. The team is undeterred by everything that has happened so far and will soon be releasing the AI Wallet and Yawn Energy Drinks, with more exciting things to come. The project is also donating food to children in need in Colombia.
Additionally, YAWN will attend Degen Summit and Token2049 conference in Singapore on September 16 to meet community members and expand its presence.
Overall, the project remains strong even during these challenging times and will continue to build, innovate and strive for excellence.
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About the Author
Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. In his free time, Gregory is currently devoting his time to writing books on cryptocurrencies and blockchain.
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Gregory, a digital nomad from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With his extensive experience in the financial industry, his insights and expertise have been recognized by numerous publications. In his free time, Gregory is currently devoting his time to writing books on cryptocurrencies and blockchain.