Cryptos for humanity? That’s what internationally known singer, songwriter, rapper, and record producer Akon is doing. His goal is for his cryptocurrency, AKoin, to help expand his humanitarian work in Africa.
Akon’s Has Big Humanitarian Plans for His Crypto
Akon Lighting Africa
Akon, 45, has has been running “Akon Lighting Africa” since he founded it in 2014. Currently, the St. Louis, MO born Akon has been able to bring electricity to 18 African countries. This is all accomplished thanks to solar energy. Akon is of Senegalese descent and lived in the country as a child.
The cleverly named “AKoin” was announced earlier this week. The cryptocurrency was unveiled by Akon the Cannes Lions International Festival of Creativity.
He wants to return “power to the people” of Africa. Akon, his legal name is Aliaume Damala Badara Akon Thiam, employs over 5,000 primarily young people via Akon Lighting Africa. They install and maintain solar equipment for the project.
Akon was adroitly evasive when questioned about how his AKoin cryptocurrency will actually work. He said that he comes up with the “concepts” and then he lets the “geeks” figure it all the working details.
The Grammy Nominee was much more forthcoming when it came to how the technology behind his coin could affect the country and the people of Africa.
Blockchain for Africa
“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,” according to Akon. He added that this digital money technology “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.”
A Futuristic Cryptocurrency Based City
His new crypto coin, set for a July release, is a foundational element in a planned “town of the future”. The town is named Akon Crypto City. The site of the new city, a 2,000-acre tract, was gifted to Akon for the project by the president of Senegal, according to information posted on the AKoin website.
AKoin is planned to be at the “center of transactional” life in Akon Crypto City. Akon’s goal is for the AKoin “Ecosystem” to unlock the potential of Africa’s emerging economy. Being the world’s largest emerging economy, Akon sees AKoin being a stable cryptocurrency that will help fuel “innovative, revenue-generating opportunities” that stimulates the entrepreneurship of young people.
Blending forward thinking Smart City planning and design, Akon Crypto City will provide a “blank canvas” for the integration of cryptocurrency into everyday life.
Thanks to the AKoin ecosystem, “digital and real-life platforms” will be brought together to “empower consumers to buy, hold, and spend cryptocurrency while providing opportunity.”
Daily life, the regular exchanges between humans and businesses would be “cryptonized”. This would result in the invention of a “radical new way of existence.”
Akon Crypto City is being developed only five minutes away from an international airport.
The entire city is planned to be run on AKoin.