Shocked! Akon Reveals Second Crypto City Development Plan! - Kakiforex | Forex markets for the smart money. Shocked! Akon Reveals Second Crypto City Development Plan! Shocked! Akon Reveals Second Crypto City Development Plan!

April 14, 2021

Shocked! Akon Reveals Second Crypto City Development Plan!

 Akon, the R&B singer who was once famous for his songs Lonely and Don’t Matter may no longer be mentioned in the music industry but in silence this individual is working hard to build a smart city in Senegal.


It is said that the construction cost of the smart city, ‘Akon City’ which is also open to the African Diaspora reached $ 6 billion and started construction earlier this year. The latest report states that another crypto city will be built in Africa by Akon.


The Ugandan government will reportedly provide land to him for the construction of a new crypto city. The akoin cryptocurrency will be used in the city, just like in Akon City. So far Akon is in the process of completing his two cities. The first is Akon City, valued at $ 6 billion, being built in his native Senegal. Akon describes it as “Wakanda” by comparing Akon City to the technologically advanced African fiction city in the blockbuster film Black Panther.



The crypto city of Akon has gained the support of the Ugandan government. Isaac Musumba, Uganda’s Minister of State for Land, Housing, and Urban Development, said at a press conference last week that the government would find suitable land to develop the crypto city.


According to local media, the new crypto city will use Akon’s own cryptocurrency, akoin. The Akoin cryptocurrency has been used at the Mwale Medical and Technology City (MMTC) in Kenya as an experimental process and it will be widely used by the end of 2021.


Akon also shared his vision and hope that it is as a step towards developing Africa. Akon noted that the construction of crypto cities in Uganda is scheduled to be completed in 2036


Akoin is currently trading at $ 0.4788 per unit.