@TheEastAfrican

Akon to build 'real-life Wakanda' in Senegal

6 months ago, 22 June 11:48

By: Bbc

Akon says he's planning to release a new cryptocurrency named after himself —called Akoin.

Speaking at the Cannes Lions Festival on Monday, the Locked Up singer said he believed cryptocurrency could be "the saviour of Africa".

AKoin's official website says the singer wants the app "on every mobile phone" between now and December.

And Akon says he's also planning to build a "crypto city" in Senegal which he calls "a real-life Wakanda".

Just like the fictional land of Wakanda in Marvel's Black Panther, Akon promises says his city will be a "futuristic environment".

The website says Akon has been "gifted" 2,000 acres of land by the President of Senegal to build the city - which is also named after himself.

Akon Crypto City will apparently be "a short drive" from Dakar, the capital of Senegal.

He calls it "the first 100% crypto-based city with AKoin at the centre of transactional life".

Under the "Akoin Ecosystem", consumers will be able to buy, hold and spend cryptocurrency straight from their smartphones.

"It brings the power back to the people and brings the security back into the currency system," Akon explained.

"It also allows the people to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down."

However, Akon admitted he didn't know all the technical aspects of his new venture.

"I come with the concepts and let the geeks figure it out," he said.

Cryptocurrency is a digital or virtual currency that operates independently from a central bank.

It uses cryptography (the conversion of information into an almost uncrackable code) to secure and verify transactions.

This makes it extremely difficult to counterfeit.

The first and probably most famous cryptocurrency is Bitcoin, which was created by an unknown person using the name Satoshi Nakamoto in 2009.

Several celebrities have endorsed or invested in cryptocurrency, including Katy Perry, 50 Cent and Ashton Kutcher.

The Ivorian actor is living in limbo in the US as an undocumented immigrant.


Read More


Category: topnews news magazine

Suggested

1 hour ago
@CITIZENTV - By: Citizen Reporter
Teary Twalib Mbarak vows to dismantle cartels sabotaging EACC

Twalib broke into tears during the vetting as he talked about his mother and the role she played in shaping him and instilling the integrity he upholds today. ...

Category: topnews news
22 minutes
@CITIZENTV - By: Reuters
Arsenal’s Koscielny finds his smile on return from injury  

Arsenal's Koscielny finds his smile on return from injury ...

Category: sports topnews news
32 minutes
@CITIZENTV - By: Gilbert Kiprotich
Chespol leads 10K field at Kapsokwony AK meet

Chespol leads 10K field at Kapsokwony AK meet ...

Category: topnews news sports
1 minute ago
@CITIZENTV - By: Reuters
Wimbledon set to expand after golf agrees to sell

Wimbledon set to expand after golf agrees to sell ...

Category: topnews news sports
1 hours ago, 14:36
@CITIZENTV - By: Dzuya Walter
Miguna awarded Ksh.7M as court rules he is a Kenyan citizen

In his ruling, Justice Chacha Mwita further awarded Miguna Miguna Ksh.7 million for what the court found to be violation of his human rights. ...

Category: topnews news
1 hours ago, 14:36
@CITIZENTV - By: Voa
Change or continuity? Congo faces pivotal poll

Voters in the Democratic Republic of Congo face what appears to be a simple choice as they go to the polls Dec. 23: Continuity, or change? ...

Category: topnews news

@TheEastAfrican

Akon to build 'real-life Wakanda' in Senegal

6 months ago, 22 June 11:48

By: Bbc

Akon says he's planning to release a new cryptocurrency named after himself —called Akoin.

Speaking at the Cannes Lions Festival on Monday, the Locked Up singer said he believed cryptocurrency could be "the saviour of Africa".

AKoin's official website says the singer wants the app "on every mobile phone" between now and December.

And Akon says he's also planning to build a "crypto city" in Senegal which he calls "a real-life Wakanda".

Just like the fictional land of Wakanda in Marvel's Black Panther, Akon promises says his city will be a "futuristic environment".

The website says Akon has been "gifted" 2,000 acres of land by the President of Senegal to build the city - which is also named after himself.

Akon Crypto City will apparently be "a short drive" from Dakar, the capital of Senegal.

He calls it "the first 100% crypto-based city with AKoin at the centre of transactional life".

Under the "Akoin Ecosystem", consumers will be able to buy, hold and spend cryptocurrency straight from their smartphones.

"It brings the power back to the people and brings the security back into the currency system," Akon explained.

"It also allows the people to utilise it in ways where they can advance themselves and not allow government to do those things that are keeping them down."

However, Akon admitted he didn't know all the technical aspects of his new venture.

"I come with the concepts and let the geeks figure it out," he said.

Cryptocurrency is a digital or virtual currency that operates independently from a central bank.

It uses cryptography (the conversion of information into an almost uncrackable code) to secure and verify transactions.

This makes it extremely difficult to counterfeit.

The first and probably most famous cryptocurrency is Bitcoin, which was created by an unknown person using the name Satoshi Nakamoto in 2009.

Several celebrities have endorsed or invested in cryptocurrency, including Katy Perry, 50 Cent and Ashton Kutcher.

The Ivorian actor is living in limbo in the US as an undocumented immigrant.


Read More

Category: topnews news magazine

Suggested

1 hour ago
@CITIZENTV - By: Citizen Reporter
Teary Twalib Mbarak vows to dismantle cartels sabotaging EACC

Twalib broke into tears during the vetting as he talked about his mother and the role she played in shaping him and instilling the integrity he upholds today. ...

Category: topnews news
22 minutes
@CITIZENTV - By: Reuters
Arsenal’s Koscielny finds his smile on return from injury  

Arsenal's Koscielny finds his smile on return from injury ...

Category: sports topnews news
32 minutes
@CITIZENTV - By: Gilbert Kiprotich
Chespol leads 10K field at Kapsokwony AK meet

Chespol leads 10K field at Kapsokwony AK meet ...

Category: topnews news sports
1 minute ago
@CITIZENTV - By: Reuters
Wimbledon set to expand after golf agrees to sell

Wimbledon set to expand after golf agrees to sell ...

Category: topnews news sports
1 hours ago, 14:36
@CITIZENTV - By: Dzuya Walter
Miguna awarded Ksh.7M as court rules he is a Kenyan citizen

In his ruling, Justice Chacha Mwita further awarded Miguna Miguna Ksh.7 million for what the court found to be violation of his human rights. ...

Category: topnews news
1 hours ago, 14:36
@CITIZENTV - By: Voa
Change or continuity? Congo faces pivotal poll

Voters in the Democratic Republic of Congo face what appears to be a simple choice as they go to the polls Dec. 23: Continuity, or change? ...

Category: topnews news
Our App