Akon: The Award-Winning Senegalese Singer Is Set Launch His Own Cryptocurrency.

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Akon the 45-year-old award winning Senegalese singer announced on Monday at Cannes Lions International Festival of Creativity that he is launching his own cryptocurrency/digital token, “Akoin,” which he will also use in his Akon Crypto City, a 100 percent crypto-based city in Africa.

First reported by Page Six, Akon said at Cannes Lions:

“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.”

According to the coin’s website, the new city is already in development. The 2,000-acre land was gifted by the president of Senegal, Macky Sall, to Akon.The real-life Wakanda” ( the city popular featured in the Black Panther film and comics) will be an exceptional city with everything, from residential buildings, retails, parks, to universities and schools.

When asked about technology details regarding his cryptocurrency, Akon was quoted as saying:

“I come with the concepts and let the geeks figure it out.”

Popularly known for his music, the Senegal-descent singer has recently been on philanthropic activities, his career focus been to give back to African communities in recent years. He previous launched a project named Akon Lighting Africa in 2014 aimed at solving electricity shortage problems in Africa.

“Start your career with what you’re great at… not what you want to do. Build your career then chase your passion,”

he said.

The Cryptocurrency Community in Africa is gaining more adoption and familiarity. Akon added to the number of celebraties launching their own Cryptocurrency aside the the influential boxer Eyan May-weather who has been a known active personal in the cryptocurrency community.