Grammy Award winning Senegalese singer and entrepreneur Akon is
launching his very own Cryptocurrency which will power his Wakanda-like,
futuristic Cryprocity, AKoin.
For
those not too familiar with tech jargon, AKoin is a new cryptocurrency
based on the blockchain technology which will power the unique, Wakanda
style Akon Crypto City known as the AKoin Ecosystem.
The multi-platinum selling artist, producer, entrepreneur, and philanthropist Akon is not new to game-changing ideas.
He is the brains behind the transformational power project Akon Lighting Africa which
has provided over 1,200 micro solar grids, 100,000 solar street lamps
as well as 102,000 domestic solar kits to communities across 18
countries in Africa.
Whats The Fuss About AKoin?
True to being a kind of real life Wakanda, AKoin
is set to be a one-of-a-kind digital city in the West African country,
Senegal that will provide platforms and experiences that enable
entrepreneurs as well as consumers to exchange goods and services using
cryptocurrency right from their smartphone through a suite of
blockchain-powered apps.
The
futuristic city is located on a 2,000 acre estate just a short drive
away from the country's capital, Dakar and barely 5 minutes from the new
Dakar International Airport.
AKoin
Crypto city which is already in development will feature futuristic and
science-fiction based architectural and planning designs; essential
Government, Educational and Health services; Infrastructure - including
WiFi, Solar Power, Land and Technology; Financial services covering
credit facilities, micro as well as peer-to-peer lending; Professional
Services including freelancing, uber-like economy and crypto based jobs;
Content and Marketing Services covering music, video and advertising;
all of these backed by the cryptocurrency base.
How Will It Work?
Being
a digital/shared economy-based system, the project started as a pilot
in March 2018 with the launch of AKoin, the digital wallet/currency
powering the city.
The
first phase will see platform release on mobile phones as well as the
launch of 3 DApps (crypto apps), and the AKoin card utility launch
enabling cash in/out transactions.
This
will be followed by city-wide integration with buildings, businesses
and the entire city framework taking place while AKoin branded crypto
ATMs begin operation running from September 2018 till December 2019.
After
which, the currency will expand globally with particular focus on
developing countries with opportunities for business/vendor expansion.
Wakanda and AKoin Crypto City
For
those wondering how "futuristic" the city will be, the movie Black
Panther gives a clue as to what technologies and architectural designs
might be expected.
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| Image Source: http://www.awardscircuit.com |
Akon
Crypto City is a mixed use master-planned city, which features all city
essentials you can think of, from residential to retail complexes, city
parks, a stadium, light manufacturing outfits, universities, and
schools.
This article by Precious first appeared here on CFAtech.ng
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