Senegalese-American musician, Akon, is building his own futuristic city in Dakar, Senegal. The president of Senegal Macky Sall has given the musician 2,000 acres of land to build the city, which will be known as Akon City. The main form of exchange and transaction in Akon City will be Akon’s Bitcoin version, Akoin, a new cryptocurrency.

Akon, whose real name is Aliaune Thiam, was born in St. Louis, Missouri, USA and spent a significant part of his childhood in Senegal.

Akon city

What is Akoin?

Akoin is a new cryptocurrency, DApp (decentralized application running on blockchain), and App ecosystem created by Akon, which seeks to create opportunities and provide a trusted digital currency for young entrepreneurs in Africa and other emerging economies.

Akoin allows consumers to earn, save and spend cryptocurrency directly from their smartphones through a range of crypto-powered entrepreneurs building applications in the Akoin Ecosystem.

 

FiFi can not recommend investing in any other cryptocurrency other than Bitcoin. Bitcoin is sufficiently decentralized and digitally scarce, unlike all other cryptocurrencies. See also our post on shitcoins and scamcoins for more information about this.

Akon city cryptocurrency

The Akoin Ecosystem

Young entrepreneurs are everywhere, now, with Akoin, they have both a currency and a platform to help them make positive economic and social impact – Akon

The Akoin Ecosystem intends to unlock the potential of the world’s largest emerging economy through the creation of a trusted cryptocurrency with a vision to innovate revenue-generating opportunities that support and empower youth entrepreneurship and growth across Africa and the world.

The ecosystem brings together digital and real-life tools and services to empower consumers to earn, save and spend cryptocurrency while providing an opportunity for entrepreneurs and brands. Some of the services and tools in the ecosystem are:

Marketplace

For entrepreneur building DApp /Apps to reach Africa, AKoin earning, saving and spending opportunities, crypto discounts and reward programs for users.

Exchange

Multi-currency wallet and private exchange providing a secondary market for DApps crypto-currencies to trade in and out of Akoin.

 

Trusted Cryptocurrency

Akoin trusted cryptocurrency will be used in the marketplace in many ways such as exchanging into pre-paid mobile phone minutes or local fiat, pay for products or services.

Akoin Launch

Akoin will be launching beta platform soon. You can apply to get on the list to join exclusive group of beta testers. You will have access to the early release of the Akoin platform and be able to check out and provide feedback on the platform as it grows and develops.

Conclusion

Apart from music, Akon is an entrepreneur and philanthropist, who founded Akon Lighting Africa, which provides scaled solar power solutions in 18 African countries.

Further Reading