Akon to Launch New Cryptocurrency, Akoin

Cryptocurrencies, News

Akon to Launch New Cryptocurrency, AkoinThe cryptocurrency and blockchain industry has its own set of celebrities, like Nick Szabo and Brock Pierce, but “mainstream” movers and shakers have been noticeably absent from the space. Although Paris Hilton once tweeted (and then deleted) a “not sponsored” endorsement for LydianCoin, cryptocurrency has not seen much genuine involvement from Hollywood’s elite until Akon’s recent announcement of Akoin.

Akoin was developed in hopes to further develop Akon’s Africa solar power project, Lighting Africa. Although once known for topping the charts and hitting the stage, Akon has recently gained notoriety for doing philanthropic work in his native country, Senegal.

The site announcing the new crypto coin states that “Akon Crypto City” is also in development. The city is exactly what one would think; a futuristic, 100 percent crypto-based city. Akon Crypto City will begin with 2,000 acres of land that was gifted to Akon from the President of Senegal. The futuristic city will be a short distance from Dakar, the capital city of Senegal.

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,” the R&B crooner explained during a panel at Cannes Lions.

When asked about blockchain and cryptocurrency technology, Akon joked, “I come with the concepts and let the geeks figure it out.

Although Akon will be the face and spokesperson for Akoin, the team behind the digital currency includes Jon Karas, Lynn Liss, and Donna Mastropasqua.

Details are still emerging, but it seems Akoin will host an ICO. Initial rumors indicate that the offering could happen in July 2018.

 

I love everything about crypto. Simply can’t wait to see how blockchain technology changes our world for the better.

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