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Akoin Cryptocurrency Launches in Kenya as Pilot for $6 Billion Akon City

DOS_patos

Unverified Legion of Trill member
The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as a pilot for Akon City, the $6 billion futuristic city that is being built in Senegal.

Akoin Crypto Starts Trading and Is Being Used for Payments in Kenya
The much-anticipated cryptocurrency created by Senegalese-American star and philanthropist Akon that will be used as the primary currency in his $6 billion Akon City in Senegal has launched. The akoin cryptocurrency (AKN) began trading against BTC and USDT on the Bittrex Global crypto exchange on Nov. 11.

The akoin cryptocurrency has also launched in Mwale Medical and Technology City (MMTC) as a pilot for Akon City. The MMTC is a $2 billion metropolis centered around a 5,000-bed medical and technology complex located in Kenya’s Kakamega county, its website describes.

Julius Mwale, the principal investor of Mwale Medical and Technology City, said in a podcast interview on Blockdown 3.0 that the complex is expected to be fully completed by the end of this year, adding:

We’re going to use exclusively akoin by the end of 2021.
He explained that there are currently 35,000 residents and over 2,000 merchants, and the akoin cryptocurrency system will be implemented for them all. He is confident that by the end of next year, there will be more than 20,000 workers whom will be paid in the akoin cryptocurrency.

1.5 Million Monthly Transactions Expected
“We are expecting to do an initial 30,000 transactions starting next month,” Mwale continued. Residents will be able to swap between the akoin crypto and large mobile minutes, m-pasa, and the U.S. dollar, he detailed. After the initial 30,000 transactions in 30 days, a credit card will also be launched so that merchants that accept Visa or Mastercard will be able to accept akoin. The system will then be scaled up to facilitate 1.5 million transactions a month. He elaborated:

That’s 5,000 workers for 1.5 million transactions a month after the initial 30,000 [transactions].
Mwale claimed that “People are very very excited” about the project because the city currently uses m-pesa which charges transaction fees. He explained that most people in the area do not make a lot of money, so the transaction fees are “very expensive for them.”

In contrast, there will not be any charges or transaction fees within the akoin ecosystem, Mwale emphasized. “The only charges will come if you are getting out of the network so people are very excited, they’re going to save a lot of money.”

Pilot for $6 Billion Akon City in Senegal
Akon, whose real name is Alioune Badara Thiam, is building a futuristic $6 billion Akon City in Senegal, which he calls a “real-life Wakanda,” referring to Marvel’s hit movie Black Panther. In September, the Grammy-nominated artist unveiled details of what will be in Akon City, particularly in seven major districts.

Mwale explained that “akoin is going to be the exclusive cryptocurrency for Akon city,” adding:

This is the test ground for akoin before it moves into the Akon city as we start building there next year to literally turn Africa into a cryptocurrency ecosystem within the next decade.
Mwale explained that the Kenyan government “literally outlawed cash transactions and any other transactions other than digital so everything since the Covid-19 pandemic began has been digital transaction.” He believes that the akoin crypto launch has “the best timing … because everybody now has to basically operate in digital transactions.” He concluded: “it’s been very easy for us to transition to akoin from other digital transactions, the m-pesa and other transactions that we already have.”
 
Who is the financial backer of all this?
speculative interest i am assuming.

i really dont understand bitcoin or this......

if i plan throwing a few dollars in it......i will tear it apart.

and thats what i am doing for the next week.
 
the only part i dont dont like..

or the only few parts i dont like is that akon is out for akon and hes backed by the chinese who are out for the chinese. it all sounds like the normal rape of africa using a black face proxy.

but im going to do more research before i say yay or nah
 
the only part i dont dont like..

or the only few parts i dont like is that akon is out for akon and hes backed by the chinese who are out for the chinese. it all sounds like the normal rape of africa using a black face proxy.

but im going to do more research before i say yay or nah

Who's not backed by whom nowadays?

If Akon was doing all of this on his own wothout ruining himself, both the Chinese, Arabs, Westerners and their puppet African presidents would have already conspired to bring him down a longtime ago, Michael Jackson style or Thomas Sankara style.

Yes, he's playing the neocolonialist game and yes, his project would make some African countries more indebted from whoever. What else could he do? Raise an army from the dead??
 
Who's not backed by whom nowadays?

If Akon was doing all of this on his own wothout ruining himself, both the Chinese, Arabs, Westerners and their puppet African presidents would have already conspired to bring him down a longtime ago, Michael Jackson style or Thomas Sankara style.

Yes, he's playing the neocolonialist game and yes, his project would make some African countries more indebted from whoever. What else could he do? Raise an army from the dead??
africa on the grand scheme dont need to be backed by anyone.....they supply the world with so many metals, minerals and shit thats needed so the white countries can send nukes to each other.

knowing ones worth is priceless
 
africa on the grand scheme dont need to be backed by anyone.....they supply the world with so many metals, minerals and shit thats needed so the white countries can send nukes to each other.

knowing ones worth is priceless

Most African nations hold no control over their current governing systems, schooling apprenticeship, tertiary economy and very natural resources.

Besides the kingdom of eSwatini, our governing systems are foreign and cunningly maneuvered by foreign powers under the guise of puppet presidents ahead of rump states. Our various currency systems are foreign. Our banks are foreign. Our borders are foreign. Our official languages are foreign. Our school books are foreign and even a cruel number of our ideological stances and popular spirituality are turned away toward foreign nations too.

It's been six decades, if not more, that the entire continent is maintained under that state. There has no back up when the giant has been force-sedated deep.
 
Most African nations hold no control over their current governing systems, schooling apprenticeship, tertiary economy and very natural resources.

Besides the kingdom of eSwatini, our governing systems are foreign and cunningly maneuvered by foreign powers under the guise of puppet presidents ahead of rump states. Our various currency systems are foreign. Our banks are foreign. Our borders are foreign. Our official languages are foreign. Our school books are foreign and even a cruel number of our ideological stances and popular spirituality are turned away toward foreign nations too.

It's been six decades, if not more, that the entire continent is maintained under that state. There has no back up when the giant has been force-sedated deep.
and all this is ok with you?
 
For akon to create his own cryptocurrency is beyond amazing man. He has ton of influence over millions in africa so this has potential.
 
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