“Lonely” hitmaker Akon has announced his own cryptocurrency “Akoin” at Cannes Lions, according to Page Six.
Akon has been spearheading Lighting Africa project aimed at harnessing solar power. With this cryptocurrency, he hopes to further help the continent.
“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,” he said in a statement.
According to icoimpact.com, Akoin is a new cryptocurrency “created to empower youth entrepreneurship and economic inclusion through an exclusive suite of sustainability and growth building crypto-based apps that offer immediate and ongoing new revenue-generating opportunities to stimulate micro-exchanges and financial stability in Africa and beyond.”
The website also suggests that an “Akon Crypto City” is in the works on 2,000 acres of land that the singer received as a gift from the President of Senegal. The futuristic city is “a first of its kind 100% crypto-based city with Akoin at the center of transactional life.”
Akoin is expected to be available for sale in two weeks.
Akon is also interested in entering politics reportedly and said that he was thinking of taking on both, Donald Trump and Kanye West, in the run for the presidency in 2020.
