AKoin is a new cryptocurrency from visionary changemaker Akon and is the foundation of the AKoin Ecosystem — a unique global project that offers an abundance of digital and in-real-life platforms and experiences that create opportunity and inclusion for youth entrepreneurs by allowing consumers to buy, hold, and spend cryptocurrency right from their smartphone through a suite of blockchain-powered apps.
The Akon announced the launch of the new Akion cryptocurrency during a panel discussion at the Cannes Lions. Akon stated that his hope is that it will help the continent of Africa, which he has made a number of strides to improve from a technological standpoint.
Akon is also creating a city in Africa based on crytocurrency called “Akon Crypto City.” The Akoin website states that an “Akon Crypto City” is currently in development on 2,000 acres of land. The property was reportedly awarded to the artist by the president of Senegal. The Crypto City will reportedly be “a first of its kind 100% crypto-based city with Akoin at the center of transactional life.”