Rapper and would-be crypto-mogul, Akon, has finalized an settlement to construct a cryptocurrency-powered metropolis in Senegal. The imaginitively named Akon City can have an financial system based mostly totally across the equally imaginitively named, Akoin cryptocurrency.
Akon City Is Go
Akon revealed that the settlement for Akon City had been finalised in a tweet, saying, “Looking ahead to internet hosting you there in the longer term.”
Just finalized the settlement for AKON CITY in Senegal. Looking ahead to internet hosting you there in the longer term pic.twitter.com/dsoYpmjnpf
— AKON (@Akon) January 13, 2020
The metropolis will supposedly be the primary ever to run on 100% renewable vitality, and might be constructed in phases over the subsequent 10 years.
The 2,000-acre piece of land to be used was gifted to Akon by Senegalese president, Macky Sall, again in 2018. It is reportedly:
inside 5 minutes of the brand new worldwide airport, shut to the coast and a brief drive from Dakar, the capital metropolis of Senegal.
The rapper envisions the town turning into like a real-life Wakanda, the fictional nation on the coronary heart of Marvel’s Black Panther tales, and apparently a commerce associate of the U.S.
Pure Akoin Economy
All transactional exercise in the town might be carried out in the rapper’s personal cryptocurrency, dubbed Akoin.
As Bitcoinist reported, Akon first introduced Akoin again in 2018, together with the grand hope that it “could possibly be the saviour of Africa.”
The Akoin ecosystem continues to be not stay, nor does it also have a white paper but. However, the challenge roadmap suggests a platform launch and trade listings to come in the primary half of 2020.
But Akoin is not going to be restricted to be used in Akon City, with plans for the forex to be used throughout the African continent and past.
Lighting Africa With Solar Power
Akon beforehand arrange the humanitarian basis, Akon Lighting Africa, which has gained recognition from the UN for its work financing photo voltaic tasks in the continent. The charity presently claims to be engaged on tasks in 25 African nations.
What do you make of the rapper’s newest foray into crypto? Add your ideas beneath!
Images through Shutterstock, Twitter @Akon The publish appeared first on Bitcoinist.com.
Post supply: Akon Gets Greenlight to Build Crypto City in Africa