Senegal-born singer and philanthropist Akon is set to launch a cryptocurrency called Akoin. The cryptocurrency will be available for sale in two weeks.
“I think that blockchain and crypto could be the saviour 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 utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down,” he said during a panel discussion at Cannes Lion 2018.
The singer has powered 18 countries in Africa using solar energy through his project Akon Lighting Africa. The project has impacted African communities through the creation of jobs and the installation of 100,000 street lamps, 200,000 household electric systems, and 1,000 solar micro-generators.
Akoin will be the foundation of the Akoin Ecosystem, a universal project that offers real-life platforms and opportunities for youth entrepreneurs by enabling them to purchase, spend, and hold cryptocurrency.
Akon’s Crypto Wakanda
According to Akoin’s website, the cryptocurrency will also be used in an entirely new way when consumers visit the real-life Wakanda of Akon Crypto City.
The city will be constructed on 2,000 acres of land gifted to him by the Senegalese President. The city will be a blend of “leading Smart City planning designs with a blank canvas for cryptonising our daily human and business exchanges, with the goal of inventing a radical new way of existence.”
When asked technical questions about blockchain technology, Akon said:
“I come with the concepts and let the geeks figure it out.”
Akon has joined the list of celebrities embracing cryptocurrencies and the blockchain such as Lionel Messi and Ashton Kutcher.