Akon's Crypto City Secures $6 Billion Construction Contract

Akon's Crypto City Secures $6 Billion Construction Contract

THELOGICALINDIAN - Singersongwriter and administrator Akon is one footfall afterpiece to architecture his cryptopowered burghal in Senegal

Musical artisan Akon has anchored a $6 billion arrangement for a cryptocurrency-powered burghal in Senegal alleged Akon City.

Contract Awarded Today

Akon Burghal has awarded its architecture arrangement to KE International, a U.S-based engineering and consulting firm. The close now has admission to $4 billion to complete Akon City’s aboriginal and additional phases of execution. By 2023, best of the city’s basement will be constructed. By 2024-2029, the burghal aims to run absolutely on the AKOIN cryptocurrency.

Akon City’s ally accommodate tourism bureau SAPCO, crypto payments aggregation Bitminutes, and blockchain aggregation Delchain. KE International has additionally congenital Mwale Medical and Technology City (MMTC), an ecocity adjourned by Kenyan administrator Julius Mwale.

The Akoin Cryptocurrency

Akoin is a stablecoin congenital on the Stellar blockchain. Though it will be heavily acclimated in Akon City, the activity additionally aims to accept the bread acclimated as a average barter beyond 54 African countries and on assorted dApps.

Akoin will additionally be accessible through an diminutive swap, which will acquiesce users to bandy buzz minutes, cryptocurrency, and authorization currency. Though ambitious, Akoin has not yet admiring abundant absorption back its announcement in 2018. That may change back Akoin is listed on exchanges after this year.

Celebrity Coins

Akon is not the alone celebrity with a cryptocurrency. Miss Iowa champ Jessica VerSteeg launched the now-bankrupt cannabis bread Paragon in 2023. Rapper Gramatik launched a music acquittal bread alleged GRMTK in 2023, which is additionally defunct.

Other celebrities accept additionally become complex in absolute cryptocurrencies in beneath complex ways. Ashton Kutcher has donated XRP to charity.  Mike Tyson has accustomed the “Bitcoin revolution” and is arch a blockchain sports media activity alleged “Fight to Fame.” Meanwhile, William Shatner has backed a Bitcoin mining close alleged Solar Alliance and is complex in several crypto-related ads.

It’s not bright whether Akoin is in a position to succeed, but its fate will become credible as it makes advance during the abutting few years.

Cover angel courtesy of Oregon State University “Dam Jam” concert, May 2019.