Senegalese-American multi-award winning singer Akon has announced on June 18 of his plans to launch his very own cryptocurrency, as well as his goal to create a “real-life Wakanda” in a city in Africa, as the coin’s site has called it.
The multi-platinum selling artist made the announcement at the Cannes Lions International Festival of Creativity, naming his crypto as AKoin, saying that it will be used in his “Akon Crypto City,” dubbed a “real-life Wakanda.”
According to the coin’s site, every AKoin possessor could “engage with AKoin in an entirely new way” when they visit the city, which is already being developed at this very moment. This 2000-acre land was given to him by the president of Senegal as a gesture of support for Akon’s vision.
Akon said at Cannes Lions:
“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.”
Akon has been recognized as a genuine philanthropist who made it his life’s mission to empower Africa. In 2014, he initiated a project named Akon Lighting Africa which helped solve electricity shortages in the said continent.
When asked about the specific technology that his cryptocurrency will be using, Akon said:
“I come with the concepts and let the geeks figure it out.”
AKoin will be available for purchase in two weeks.