Platinum-promoting performer and philanthropist Akon desires to build his own town in Senegal and release his own cryptocurrency because the central type of change. Speaking on Monday, June 18th, on the Cannes Lions International Competition of Creativity, on a panel titled “Branding Africa: Blockchain, Entrepreneurship and Empowering The Future,” the Grammy-nominated singer of “Don ’t Subject” and “I Wanna Love You” discussed his plans for AKoin, a branded type of cryptocurrency.
according to PageSix ’s panel file, Akon said blockchain generation and cryptocurrency might be “the savior for Africa in lots of tactics” as a result of its high safety issue. He stated the app-based totally system “allows the people to make use of it in techniques the place they can strengthen themselves and never allow government to do those issues which can be protecting them down.”
An preliminary data blurb posted through ICO Affect Crew lays out a miles extra formidable plan: a “ONE HUNDRED% crypto-primarily based town with AKoin at the heart of transactional existence,” to be inbuilt Senegal. (Akon used to be born in St. Louis, Missouri however is of Senegalese descent, and he spent important portions of his adolescence in Senegal.) The planned group would be known as Akon Crypto Town.
This futuristic town, already in development, beginning with 2,000 acres of land talented to Akon from the President of Senegal, is inside FIVE mins of the new international airport, with regards to the coast and a short force from Dakar, the capital city of Senegal (Akon ’s hometown). Akon Crypto Town blends prime Sensible City making plans designs with a blank canvas for cryptonizing our day-to-day human and trade exchanges, against inventing a thorough new way of lifestyles.
an in depth website for AKoin describes Akon Crypto City as “an actual-existence Wakanda,” relating to the extremely high-tech fictional country ruled by King T ’Challa, aka the superhero Black Panther, in Wonder ’s Black Panther movie and comics. It also displays a mock-up symbol of an app that would deal with AKoin withdrawals, deposits, and transfers, together with monetary services and products like micro-loans, and social media outlets and user-generated content. The system sounds something like what ’s being deliberate in the Marshall Islands, where the federal government signed a law changing the u.s. buck with its personal sovereign cryptocurrency in advance in 2018.
The AKoin web page is a transparent call for traders and entrepreneurs to get entangled both in the cryptocurrency venture and within the city itself:
Parallel to AKoin being based as stable foreign money selection all through Africa — and fueling entrepreneurship — Akon Crypto City is in building and has opportunities for crypto studies to be painted all the way through this one in all type city; a by no means ahead of possibility sic for brands, companies and high-profile people to do superb issues in this closed surroundings, welcoming any individual trying to step into the future.
There are various purposes to be dubious in regards to the plan, including the blithe overuse of “blockchain” as a buzzword and a panacea to all forex issues. Akon ’s reaction to technical questions requested at the panel wasn ’t exactly heartening, either: PageSix reports him as pronouncing, “I come with the concepts and allow the geeks determine it out.” nevertheless it ’s price noting that Akon ’s charity Akon Lighting Fixtures Africa, which helps prepare financing for solar panels and small-scale lighting tasks, is a in a similar way ambitious project that spread to 17 African countries in its first years of operation and lately claims operations in 25 nations. The organization has won awards, earned UN popularity, and made news remaining year by securing a $1 billion credit line from China. A similarly powerful set of investments would possibly make Akon Crypto City sound less like a technological know-how fictional thought piggybacking on tech fads.
However Akon ’s political goals might prove distracting as the city layout unfolds. PageSix stories that on the related panel, he also expressed an interest in running for president in 2020, hoping to tackle each Donald Trump and Kanye West. “It ’s gonna be interesting, it ’s gonna be one thing worth looking at,” he mentioned, according to PageSix ’s temporary. “I ’m going to move after Trump, and Kanye gets indignant as a result of he likes Trump, and he ’s going to go after me. Then I ’m going to go after Kanye, after which Trump ’s going to get offended as a result of he likes Kanye, and he ’s going to move after me. And the debate degree might be set where it ’s all approximately me. It ’s best possible, a masterplan.”
TechnoArticle has reached out to Akon and his trade companions for additional comment.