Rapper Akon Creates ‘Akoin’ Cryptocurrency for Use in Senegal’s ‘Akon Crypto City’

Rapper and singer Akon of twelve Billboard Top Ten Hits, including the famous “Smack That,” has announced the creation of his own cryptocurrency for use in his new African “Akon Crypto City,” Page Six reported yesterday, June 19.

During a panel at Cannes Lion, Senegal-descended Akon said that his cryptocurrency, the Akoin, will be available in two weeks for use in the 2,000 acres of land recently given to him by the president of Senegal.

The new Akon Crypto City describes itself as a “100% crypto-based city with Akoin at the center of transactional life [...] blend[ing] 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, who has already been involved with bringing solar power to Africa through his Lighting Africa project, said that bringing cryptocurrency to Africa can help empower its public:

“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.”
When asked about the specifics of the technology, Akon demurred, noting, “I come with the concepts and let the geeks figure it out.”

The singer also mentioned the possibility of his running for U.S. president in 2020, imagining a future debate between himself, current president Donald Trump, and rapper Kanye West:

“And the debate stage will be set where it’s all about me. It’s perfect, a masterplan. I’m going to come in with a team so crazy, man, it’s all going down. I’m not holding my tongue. The way I look at it, win or lose, at least I get the movement going, I get the conversation going.”
Both Akon’s cryptocurrency and presidential ambitions mirror those of John McAfee, formerly of McAfee Anti-Virus software and now well-known crypto enthusiast. McAfee announced recently that he would be releasing his own fiat currency backed by crypto, as well as plans to run for president in order to gain a wider platform for promoting cryptocurrency.

Molly Jane Zuckerman