The rapper Akon has received approval to build a city in Senegal powered by cryptocurrency.
Akon is probably best known to most as a singer and rapper of countless hits. But the artist is much more than a radio catchy tune. In recent years, he has dedicated himself to using his financial success to improve the African continent. Akon recently signed a groundbreaking deal to found its own city in its home country of Senegal.
This project is very innovative in several ways. To isolate the new city from political unrest and volatile economic practices, the entire city is operated with cryptocurrency. The newly introduced AKoin should be the basis for the city’s trade. The city is also said to be the first city to be operated 100% with renewable energy.
According to the official roadmap for AKoin, the cryptocurrency is expected to be launched and traded on crypto exchanges in the first half of 2020. AKoin is described as a “unique” ecosystem that brings together digital and real tools and services. The project focuses on supporting…