Akon launches its own cryptocurrency, the akoin


Akon has been the newest figure in show business to join the Blockchain ecosystem, announcing its own cryptocurrency, the Akoin. Apparently, this decision seeks to support the initiative Lightning Africa led by the singer, and whose goal is to improve living conditions in the African continent.

The information was known during an intervention by the artist during the Cannes Lions 2018 forum, where he stated:

“I think that blockchain and cryptocurrencies could be the saviors of Africa in many ways, because it gives back power to people and brings back security to the monetary system and also allows people to use it so that they can move forward and not allow the government make the things that keep them limited.

Also, Akon added that, as part of Lightning Africa, between its plans is also the creation of a 'one hundred percent' cryptographic city with 810 hectares of land admitted by the government of Senegal, specifically five minutes from the international airport, near from Dakar, the capital of the

singer's native country.

The CC Forums

Staff member
Love It or Hate It, Akon's 'Crypto Wakanda' Is Coming - CoinDesk


It's an undertaking that can't be exaggerated: Akon – the American-Senegalese R&B singer, songwriter and producer – is creating a new cryptocurrency called "Akoin."

Yes, you heard that right.

As Akon tells it, the forthcoming coin will serve as the currency for a yet-to-be-developed city in the country of Senegal. The "Akon Crypto City" will occupy a reported 2,000 acres of land gifted to the singer by the president of Senegal and is envisioned to be a "100% crypto-based city with Akoin at the center of transaction life."

And that's not all.

Akoin, while also being a transactional currency, is a key component to the broader "Akoin Ecosystem" founded to empower youth all over the African continent through a "suite of blockchain-powered apps" that allow young entrepreneurs to "buy, hold and spend cryptocurrency right from their smartphone", as stated on the coin's official webpage.

The cryptocurrency's unveiling and, more importantly, its use for both the development of a "crypto-based city" and as the underpinning of a cause to empower African youth, has arguably launched the celebrity of Akon to whole new level.

It bears mentioning that part of the enthusiasm and support on social media for Akon has been a long time coming.

Back in 2014, the Grammy-nominated singer started a for-profit company dubbed "Akon Lighting Africa" with the help of his two friends, Thione Niang and Samba Bathily.

The idea was to broaden electrical access to areas of Africa. Funded by a $1 billion credit line, Akon Lighting Africa has gone on to install 100,000 solar street lamps in 480 rural communities across 15 different African countries.

Praise for Akon – not only as a singer but as an entrepreneur and philanthropist impacting the Senegalese people and the African continent more generally – is one of the reasons why his name continues to be in the social media spotlight.

Old Man Crypto

Expert chainblocker
Perfect. The world needs another rapper endorsed currency. The others did so well.

What makes people think celebs are any good at recommending investments? Another money grab probably.

Seems I’m grumpy tonight. Maybe the bitcoin back and forth price grind is chaffing my a$$.


Bwahahahahaha. Perfect. I thought the bubble popping wiped this stuff out of the markets.