US singer-songwriter Akon has turn into the newest celeb to launch a cryptocurrency — as he proclaims his perception the underlying know-how “might be the savior of Africa.”
Akoin ‘Will Be Heart Of Transactional Life’
Initially reported by Web page Six, Akon — who’s initially from Senegal — revealed at this 12 months’s Cannes Lions Worldwide Competition of Creativity that he needs to make use of Akoin as a part of a large 2000-acre improvement referred to as Akon Crypto Metropolis. Akon said:
I believe that blockchain and crypto might be the savior for Africa in some ways as a result of it brings the facility again to the folks and brings the safety again into the foreign money system and in addition permits the folks to put it to use in methods the place they will advance themselves and never permit authorities to do these issues which might be protecting them down.
Akon is at present closely concerned in humanitarian tasks, having arrange Lighting Africa — a undertaking to deliver solar energy to Africa — in 2014.
The star seems to have constructed a presence, with the president of Senegal donating the 2000 acres wanted for the Crypto Metropolis — which describes itself as “a primary of its type 100% crypto-based metropolis with Akoin on the heart of transactional life.”
That’s A Rap
Akon is just not the one well-known persona to have ventured into the world of cryptocurrency.
Wu-Tang Clan member Ol’ Soiled Bastard grew to become not directly linked with the trade after his son launched a coin, whereas rapper 50 Cent made headlines earlier this 12 months after claiming he “forgot” about $eight million in Bitcoin holdings — solely to deny the claims to a decide weeks later. DJ Khaled was additionally concerned with CTR Token, which was deemed a fraud by the U.S. Securities and Trade Fee.