Meme coin ZynCoin settles dispute with tobacco giant Philip Morris over use of its token name

Meme coin ZynCoin project reaches settlement with Fortune 500 company and tobacco giant Philip Morris. Philip Morris initially asked ZynCoin to stop using "ZYN Coin", "ZynCoin" and any references to ZYN products or any other images similar to the ZYN logo. ZynCoin rejected the above request, but made certain concessions: the prefix "zyn" will remain in the token name, but the team behind it will fine-tune its marketing. Since ZynCoin has no centralized entity, Philip Morris cannot sue or ask for the termination of the project, so after talking with ZynCoin founder Colton Kirkpatrick and his lawyers, the company dropped its initial request. (CoinDesk)