{"id":194424,"date":"2020-01-14T19:20:07","date_gmt":"2020-01-14T16:20:07","guid":{"rendered":"http:\/\/ww-vb.mine.nu\/w108\/it-actually-happened-akon-just-founded-his-own-crypto-city-in-africa\/"},"modified":"2020-01-14T19:20:07","modified_gmt":"2020-01-14T16:20:07","slug":"it-actually-happened-akon-just-founded-his-own-crypto-city-in-africa","status":"publish","type":"post","link":"https:\/\/hameed.nwar.uk\/sa\/it-actually-happened-akon-just-founded-his-own-crypto-city-in-africa\/","title":{"rendered":"It actually happened \u2014 Akon just founded his own crypto city in Africa"},"content":{"rendered":"

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Akon really did it. He\u2019s founded his own fucking city\u00a0\u2014<\/span> Akon City\u00a0\u2014<\/span> and cryptocurrency is reportedly set to power it.<\/p>\n

This is supposedly real. According to the rap star\u2019s Twitter feed, an agreement between Akon and the country of Senegal has been finalized, which means that\u00a0Akon City<\/em>\u00a0is officially here.<\/p>\n

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Just finalized the agreement for AKON CITY in Senegal. Looking forward to hosting you there in the future pic.twitter.com\/dsoYpmjnpf<\/a><\/p>\n

\u2014 AKON (@Akon) January 13, 2020<\/a><\/p>\n<\/blockquote>\n

According to a CNN article from 2018, Akon noted that\u00a0his city<\/em> would be built on a 2,000-acre piece of land that was to be gifted to him by Macky Sall, the president of Senegal.<\/p>\n

At the time, the website for Akon\u2018s city reported that the plot would be just five-minute\u2019s drive from Senegal\u2018s international airport. At this stage, it\u2019s unclear whether that piece of land is still the confirmed site for\u00a0Akon City<\/em>.<\/p>\n

All transactional activity is supposedly to be in cryptocurrency<\/h2>\n

The proposed official cryptocurrency of\u00a0Akon City<\/em> isn\u2019t Bitcoin, or even Ethereum. Akon is actually prepping to launch his own cryptocurrency, dubbed\u00a0Akoin.<\/em><\/p>\n

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Akoin<\/em> was vaguely announced in 2018, around the same time that Akon revealed his grand plan to build a \u201cCrypto City.\u201d A video posted to the project\u2018s Facebook\u00a0page claims that \u201call transactional activity\u201d in\u00a0Akon City<\/em> will be conducted using\u00a0Akoin.<\/em><\/p>\n

What\u2019s worrying is that, at this stage, there doesn\u2019t appear to be any white paper for Akon\u2018s cryptocurrency, so it\u2019s hard to gauge exactly what we\u2019re in for.<\/p>\n

The associated website does however hype the release of a white paper and an \u201cexplainer video\u201d sometime before February this year.<\/p>\n

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Still, the lack of a white paper apparently didn\u2019t stop Akon from shopping his cryptocurrency to potential investors. Akoin\u2019s<\/em> roadmap promotes that the project had sought to raise funds via private equity and donations between January and June last year.<\/p>\n

Until we know for sure how\u00a0Akoins<\/em> are distributed, as well as how the proposed network will be governed, it\u2019s better to remain cautious in celebrating this endeavour, however pure Akon\u2019s intentions.<\/p>\n

Hard Fork has reached out to the Akoin Foundation to learn more about the release of its white paper, and will update this piece should we learn more.<\/p>\n

\n Published January 14, 2020 \u2014 15:34 UTC\n <\/p>\n<\/p><\/div>\n