$YAWN Token All Set to Relaunch with Resilience and Bold Ambitions
$YAWN token has announced its relaunch, promising renewed vigor, passion, and ambition.
Describing itself as the first meme token to develop a decentralized web2 and web3 infrastructure, Yawn’s philosophy is to take things slow and find joy in the simple moments.
To spread this message and positivity far and wide, the project created $YAWN with the goal of developing a vibrant and engaged community to join the ride of creativity, innovation, and humor.
With a laid-back approach, Yawn leads a movement that values balance and mindfulness in the fast-paced modern life.
With a mission to make Yawn a household name, the project has created a roadmap to guide its future moves. As per the roadmap, the Yawn ecosystem will include a unique NFT collection with perks and exclusive access, a Yawn Al Sleep App, an AI-powered Yawn Trading & Wallet App, a platform for renting and lending GPUs, a game, and a DAO.
Yawn is clearly here for the long term with its ambitious plans for the future but before all of this can be achieved, YAWN will be relaunched. The relaunch comes on the back of “coordinated fraud” by delinquent project advisors.
The Crash: Unfolding the Advisor Deception
Recently, $YAWN had a severe sell-off that sent its market cap from $40 million to $10mln this week before it dropped under $475K today, as per Coinmarketcap.
While this sell-off came at a time when the broad crypto market has been also experiencing a general sell-off with BTC going below $56,000 and the traditional stock market losing a trillion dollars, $YAWN’s drop was much more than just this.
As per the official announcement made by the project on X (previously Twitter), the sell-off was “unfortunately and very much surprisingly due to a group of advisors which came highly recommended by certain KOL sources, that have turned out to be greedy, toxic weeds, a disease from within our community, with no added value.”
A Fresh Start: Relaunching with Transparency & Accountability
The YAWN team has decided to relaunch the token in accordance with its principles of transparency and accountability. “We want our community to be informed about any potential threat,” said the team, noting that relaunching the token will allow them to take a proactive approach to address concerns.
“Our goal is to continue building trust and credibility within the crypto community,” promised the team, adding, “We are dedicated to upholding our values and ensuring we’re on the most efficient path moving forward.”
The team took a snapshot of the existing $YAWN holders on Sept. 4 at 6 PM UTC. As the token gets relaunched, every current holder will receive the same amount of tokens as they had when the snapshot occurred.
$YAWN holders are recommended to not perform any transactions related to the token as the project prepares to announce the relaunch date and details shortly.
This has been a big learning lesson for the YAWN team and this has only made them “even more resolute in bringing success to this amazing project.” So, instead of focusing on what has happened, the project now aims to make a fresh start with the strong support of its community.
In the coming days, the YAWN team will be giving away over 400 pieces of merchandise and over 200 pieces of supplements with 1200 new ones coming next week. Unperturbed by all that has happened, the team will soon be launching its AI Wallet and Yawn Energy Drinks while more exciting things will be unveiled. The project is also donating food to children in need in Colombia.
Moreover, YAWN will attend the Degen Summit, which will be held in Singapore on September 16th, and the Token2049 conference to meet its community members and expand its presence.
Overall, the project stands strong in the current tough times and will continue to build, innovate, and strive for excellence.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
