Featured Blockchain project.

Akoin, A Smart City Crypto Token.

Senegalese Born Music producer, Entrepreneur and Philanthropist Aliaune Damala Bouga Time Puru Nacka Lu Lu Lu Badara Akon Thiam, famously Known short as Akon, has been working with his Blockchain team and in partnership with several other companies to launch a Cryptocurrency.

Ever since news broke about Akon developing a cryptocurrency, many investors have been eagerly waiting for more details with regards to the project and finally, in March 2020, the team released the Whitepaper.

You might ask yourself –

” Ok so what is so special about this Crypto Currency that has many investors eagerly waiting to buy into the project? “

Apart from the fact that Akon is playing a huge role in developing African communities, the project will surely be well funded knowing Akon’s background and the future plans he has to further develop parts of Africa. Let’s break down the project and innovation behind the Akoin Ecosystem.

According to the whitepaper which can be downloaded on the Akoin website http://Akoin.io

“The Akoin Ecosystem represents a symbiotic network of decentralized applications and services that
connect an infrastructure of products and services. The Akoin Token is based upon the Stellar Consensus
Protocol (SCP). Akoin chose to partner with Stellar due to the power of the Stellar Anchor Network, the
superior speed of transactions on the network (3-5 seconds to confirm a transaction), increased liquidity
via the Stellar DEX, and our shared vision for economic inclusion.

Akoin is a cryptocurrency powered by a blockchain based eco-system of tools and services designed for
entrepreneurs in the rising economies of Africa and beyond.
Akoin’s mission is to unlock the potential of the world’s largest growing workforce by creating learning, earning,
spending, and saving opportunities across Africa and other lean economies.
The Akoin Ecosystem of Decentralized Applications (DApps) and Applications (Apps) provides the building
blocks for entrepreneurship and economic opportunity. Users are able to transition in and out of the ecosystem
by converting fiat currency or prepaid cell phone minutes (a major store of value in Africa) into cryptocurrency.”

Source: Akoin Whitepaper

As an investor, it would be best to read the whitepaper yourself as it is more detailed and will provide more insight.

Entreprenuers face a lot of challenges, not only in Africa but globally. Funding and getting access to applications that enable them to provide the services they intend to offer to the various markets is a huge challenge. The Akoin Ecosystem offers DApps that give Entrepreneurs access to a lot of resources, playing a huge role in many businesses in Africa and abroad.

Some of the platform use cases include:

Prepaid Minute Transfer & Airtime Top-Ups

Micro Lending

UNL- Universal Addressing and Naming platform

Micro-Raffles / Lotteries

Crowdfunding

Healthcare

Land Rights

DApp Builder Tool

Utility & Solar Power

Source: Akoin whitepaper

Based on the DApps and Apps, Akoin Ecosystem surely has a lot to offer. The Akoin Cryptocurrency has the potential for mass adoption by a large number of users as it will be used as the Central Currency in the Akon Smart City. Working with the Senegalese Government, the Akon Smart City is to be constructed for a period of 10 to 100+ years and preparations are already underway.

The Akoin Cryptocurrency price is fairly reasonable, starting at 0.15 USD per coin. Buying as much as possible at that low price will surely pay off when moving to the Smart City or maybe buying property there.

Details of the Initial Exchange Offering will be released soon. More details about the project can be found on the Akoin Ecosystem website and whitepaper. http://Akoin io

Akoin Logo

Article by Wealthy Spear Media Productions

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