Akoin For Africa? Hope, Cynicism Collide As Singer’s Coin Catches Hearth

It is really an undertaking that can’t be exaggerated: Akon – the American-Senegalese R&B singer, songwriter and producer – is making a new cryptocurrency termed “Akoin.”

Indeed, you heard that appropriate.

As Akon tells it, the forthcoming coin will serve as the forex for a but-to-be-formulated metropolis in the place of Senegal. The “Akon Crypto Metropolis” will occupy a noted 2,000 acres of land gifted to the singer by the president of Senegal and is envisioned to be a “100% crypto-based metropolis with Akoin at the middle of transaction existence.”

And which is not all.

Akoin, though also staying a transactional forex, is a key element to the broader “Akoin Ecosystem” launched to empower youth all over the African continent through a “suite of blockchain-driven apps” that make it possible for younger business people to “get, maintain and commit cryptocurrency appropriate from their smartphone”, as stated on the coin’s official webpage.

The cryptocurrency’s unveiling and, a lot more importantly, its use for both the improvement of a “crypto-based metropolis” and as the underpinning of a induce to empower African youth, has arguably introduced the celebrity of Akon to full new stage.

Triple threat

It bears mentioning that part of the enthusiasm and assist on social media for Akon has  been a very long time coming.

Back in 2014, the Grammy-nominated singer started a for-gain enterprise dubbed “Akon Lighting Africa” with the help of his two pals, Thione Niang and Samba Bathily.

The thought was to broaden electrical entry to areas of Africa. Funded by a $1 billion credit score line, Akon Lighting Africa has absent on to put in 100,000 solar avenue lamps in 480 rural communities throughout 15 various African international locations.

Praise for Akon – not only as a singer but as an entrepreneur and philanthropist impacting the Senegalese persons and the African continent a lot more normally – is 1 of the factors why his identify carries on to be in the social media highlight.

And for what it is really well worth, the multi-platinum album-promoting arist himself is just not 1 to shy absent from notice.

Talking at Cannes Lions in a panel moderated by Individuals deputy editor JD Heyman, Akon stated he was making ready to confront the President of the United States, Donald Trump, through the 2020 presidential elections.

“I am going to go right after Trump… I am going to arrive in with a staff so nuts, man, it is really all going down. I am not holding my tongue,” he claimed.

For all the discuss of Akon’s new strategies to launch a cryptocurrency, build a crypto metropolis and acquire on the president of the U.S., it is really no marvel persons are likening him to Marvel superhero character Black Panther, and his planned metropolis with Wakanda, the fictional utopia.

You should be joking

The social media response to Akon’s strategies were not all positive or supportive, even so.

A single person on Reddit thought of the announcement was 1 massive joke, asking “Is this the Onion?” in reference to the American satirical newspaper.

However some others on Twitter designed jabs at the celebrity’s impression, getting clips from past songs videos by Akon and referencing the names of hip-hop artists with whom he has collaborated.

But two can perform at that video game.

Simply because of the chatter – both hopeful and cynical – there is unquestionably a terrific degree of desire all around the impression that Akoin could have on Senegal, depending on how the cryptocurrency strategies shake out – 1st and foremost staying its official launch. 

Simply because of the chatter – both hopeful and cynical – there is unquestionably a terrific degree of desire all around the impression that Akoin could have on Senegal and the targeted youth in Africa once formally introduced.

Graphic Credit history: Miguel Campos / Shutterstock.com

The leader in blockchain news, CoinDesk is a media outlet that strives for the best journalistic benchmarks and abides by a stringent established of editorial procedures. CoinDesk is an unbiased functioning subsidiary of Electronic Currency Team, which invests in cryptocurrencies and blockchain startups.