Famous American singer Akon has embraced cryptocurrency and blockchain technology, and will be launching his own cryptocurrency named AKoin while building a city in Africa called Akon Crypto City. The focus of both of these crypto projects is to help Africa, which is Akon’s passion.
Akon said at the Cannes Lions International Festival of Creativity, “I think that blockchain and crypto could be the savior for Africa in many ways because it brings the power back to the people, and brings the security back into the currency system, and also allows the people to utilize it in ways where they can advance themselves, and not allow government to do those things that are keeping them down.”
Akon is of Senegalese descent, and the President of Senegal, Macky Sall, has gifted him a 2,000-acre tract of land to build Akon Crypto City. The land is only five minutes from a new international airport, a short drive to Dakar which is the capital and largest city in Senegal, and near the beach. Akon Crypto City will be 100% blockchain and cryptocurrency-centric, and is branded as an opportunity for blockchain enthusiasts and companies to collaborate to develop the city of the future.
Akon says it will be a “real-life Wakanda”, the futuristic African city setting of the Marvel superhero Black Panther, said to possess technology far more advanced than anywhere else in the world thanks to an advanced material called vibranium. Akon Crypto City’s real-life equivalent to vibranium will be blockchain technology.
AKoin will be the official cryptocurrency of Akon Crypto City, but Akon wants the cryptocurrency to not only be used in the city but all across the continent of Africa. The goal of AKoin is to provide new income opportunities to stimulate economic stability and growth in Africa. AKoin will be a platform from which decentralized apps (dapps) can be built, much like Ethereum, and the hope is that these dapps will generate crypto jobs for Africans.
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