Rapper Akon Creates ‘Akoin’ Cryptocurrency | Zero Hedge

Authored by Molly Jane Zuckerman via CoinTelegraph.com,

Rapper and singer Akon of twelveBillboard Top Ten Hits, including the famous Smack That, has announced the creation of his own cryptocurrency for use in his new African Akon Crypto City,Page Sixreported yesterday, June 19.

image courtesy of CoinTelegraph

During a panel at Cannes Lion, Senegal-descended Akon said that his cryptocurrency, the Akoin, will be available in two weeks for use in the 2,000 acres of land recently given to him by the president of Senegal.

The new Akon Crypto Citydescribes itselfas a 100% crypto-based city with Akoin at the center of transactional life [...] blend[ing] leading Smart City planning designs with a blank canvas for cryptonizing our daily human and business exchanges, towards inventing a radical new way of existence.

Akon, who has already been involved with bringing solar power to Africa through his Lighting Africa project, said that bringing cryptocurrency to Africa can help empower its public:

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 and 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.

When asked about the specifics of the technology, Akon demurred, noting, I come with the concepts and let the geeks figure it out.

The singer also mentioned the possibility of his running for U.S. president in 2020, imagining a future debate between himself, current president Donald Trump, and rapper Kanye West:

And the debate stage will be set where its all about me. Its perfect, a masterplan. Im going to come in with a team so crazy, man, its all going down. Im not holding my tongue. The way I look at it, win or lose, at least I get the movement going, I get the conversation going.

Both Akons cryptocurrency and presidential ambitions mirror those ofJohn McAfee, formerly of McAfee Anti-Virus software and now well-known crypto enthusiast. McAfee announced recently that he would bereleasinghis own fiat currency backed by crypto, as well as plans torun for presidentin order to gain a wider platform for promoting cryptocurrency.

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Rapper Akon Creates 'Akoin' Cryptocurrency | Zero Hedge

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