Akon actually did it. He’s based his personal fucking city  Akon Metropolis  and cryptocurrency is reportedly set to energy it.

That is supposedly actual. In accordance with the rap star’s Twitter feed, an settlement between Akon and the nation of Senegal has been finalized, which signifies that Akon Metropolis is formally right here.

In accordance with a CNN article from 2018, Akon famous that his metropolis can be constructed on a 2,000-acre piece of land that was to be gifted to him by Macky Sall, the president of Senegal.

On the time, the web site for Akon‘s metropolis reported that the plot can be simply five-minute’s drive from Senegal‘s worldwide airport. At this stage, it’s unclear whether or not that piece of land continues to be the confirmed website for Akon Metropolis.

All transactional exercise is supposedly to be in cryptocurrency

The proposed official cryptocurrency of Akon Metropolis isn’t Bitcoin, and even Ethereum. Akon is definitely prepping to launch his personal cryptocurrency, dubbed Akoin.

Akoin was vaguely introduced in 2018, across the similar time that Akon revealed his grand plan to construct a “Crypto Metropolis.” A video posted to the undertaking‘s Fb web page claims that “all transactional exercise” in Akon Metropolis might be performed utilizing Akoin.

What’s worrying is that, at this stage, there doesn’t seem like any white paper for Akon‘s cryptocurrency, so it’s laborious to gauge precisely what we’re in for.

The related web site does nonetheless hype the discharge of a white paper and an “explainer video” someday earlier than February this 12 months.

Nonetheless, the shortage of a white paper apparently didn’t cease Akon from procuring his cryptocurrency to potential buyers. Akoin’s roadmap promotes that the undertaking had sought to boost funds by way of personal fairness and donations between January and June final 12 months.

Till we all know for certain how Akoins are distributed, in addition to how the proposed community might be ruled, it’s higher to stay cautious in celebrating this endeavour, nonetheless pure Akon’s intentions.

Laborious Fork has reached out to the Akoin Basis to study extra concerning the launch of its white paper, and can replace this piece ought to we study extra.

Printed January 14, 2020 — 15:34 UTC

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