GRAMMY-nominated singer Akon is planning to build a futuristic city. Akon Crypto City in Senegal – described as a “real life Wakanda” – and base its economy around a new virtual currency named after himself.
The 45-year-old hitmaker, who was born in Missouri but is of Senegalese descent and spent much of his childhood there, claimed it could be “the saviour of Africa”.Akon Crypto City
Akon hopes his new cryptocurrency Akoin will be at the centre of a “100 per cent crypto-based city” called Akon Crypto City – close to the Senegalese capital of Dakar. Akon Crypto City
Like bitcoin, the akoin digital currency would function outside the realm of governments and traditional financial institutions, meaning it will “bring the power back to the people”.Akon Crypto City
Speaking at a panel during Cannes Lions 2018, the Senegal-raised artist said: “I think that blockchain and crypto could be the saviour for Africa in many ways.”Akon Crypto City
He said the technology “brings the power back to the people and brings the security back into the currency system”.
Akon insisted Akoin would “allow the people in Akon Crypto City to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down”.
Akon insisted Akoin would “allow 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”.Akon Crypto City
According to the Akoin website Crypto City will be created on 2,000 acres of land granted by Senegal president Macky Sall.
It says: “[The city is] within five minutes of the new international airport, close to the coast and a short drive from Dakar, the capital city of Senegal (Akon’s ancestral homeland).Akon Crypto City
“This mixed use Akon Crypto City, master-planned city, contains everything from residential to retail, parks, stadium, light manufacturing, universities, and schools.
“Akon Crypto City has opportunities for brands, businesses and high-profile individuals to create amazing, inclusive experiences in a futuristic environment and welcomes anyone looking to step into the future.”