Platinum performer and philanthropist Akon wants to build his own city in Senegal and launch his own crypto currency as the main form of exchange. Speaking at the International Creativity Festival in Cannes, the stand entitled “Africa Branding: Blockade, Entrepreneurship and Empowerment of the Future”, a Grammy-nominated singer, author of “Do not Matter” and “I Wanna Love” discussed plans to create AKoin .
According to the report of the PageSix stand, Akon said that blockchain and crypto currency technology can be “a savior for Africa in many ways” because of its high security factor. He said that an application-based system “allows people to use it in such a way that they can move forward and not allow the government to do what’s holding them back.”
The initial information advertisement published by ICO Impact Group provides for a much more ambitious plan: in Senegal, a “100% crypto-based city with AKoin in the center of transactional life” will be built. Akon himself was born in St. Louis, Missouri, but is of Senegalese origin. He spent much of his childhood in Senegal. The planned community will be called Akon Crypto City.