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Akon announces new city with own cryptocurrency, AKoin

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cryptocurrency, AKoin

Music superstar, Akon says he’s planning to build a ‘crypto city’ in his home country Senegal and release a new cryptocurrency that could be “the saviour of Africa”.

The currency, AKoin, named after the singer himself comes with an app which he wants “on every mobile phone” between now and December.

Speaking at the Cannes Lions Festival on Monday, the Lonely singer said, his new “real-life Wakanda” city, also named after himself, would be modeled in a “futuristic environment” like the fictional land of Wakanda in Marvel’s Black Panther.

The currency’s website says the President of Senegal has provided 2,000 acres of land freely for Akon to build the city which will apparently be “a short drive” from Dakar, the capital of Senegal.

He calls it “the first 100% crypto-based city with AKoin at the centre of transactional life”.

Under the “Akoin Ecosystem”, consumers will be able to buy, hold and spend cryptocurrency straight from their smartphones.

“It brings the power back to the people and brings the security back into the currency system,” Akon explained.

“It also allows the people to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down.”

However, the grammy-award winning singer admits he doesn’t know all the technical aspects of his new venture.

“I come with the concepts and let the geeks figure it out,” he said.

Akon Announces new city with own cryptocurrency, AKoin

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