American popstar, Akon has announced plans to launch “Akoin” a brand new cryptocurrency that he hopes would rival the likes of Bitcoin and Etheruem.
Akoin, would also be the official currency of a new crypto-based, smart city that the “Locked Up” singer plans to build in Senegal, West Africa, the country of his birth.
According to the singer, “Akon Crypto City” would function as a self-governing, state of the art, smart city that will “bring the power back to the people.”
“I think that blockchain and crypto could be the savior for Africa in many ways because it brings the power back to the people and brings the security back into the currency system and also allows the people to utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down,” Akon told Page Six in an interview.
Speaking during a panel at the Cannes Lion, at the launch of the Akoin cryptocurrency this week, Akon said the new digital currency would be available for sale within the next two weeks.
A statement on the website dedicated to the planned project said; “This futuristic city [is] already in development, beginning with 2,000 acres of land gifted to Akon from the President of Senegal, is within 5 minutes of the new international airport, close to the coast and a short drive from Dakar, the capital city of Senegal (Akon’s homeland).”
“Akon Crypto City blends leading Smart City planning designs with a blank canvas for cryptonizing our daily human and business exchanges, towards inventing a radical new way of existence.”
Akon’s new smart city project is the latest in a series of ventures that hope to establish futuristic, off the grid settlements away from the controlling influence of governments.