Cryptocurrency

# Akon City Of $6 Billion Is Underway For Empowering The Africans

Samuel Lilly
August 17, 2020 5647 views 0
Share

By Samuel Lilly
Share

The construction of the futuristic project, Akon City, in Africa will finally help the country to achieve freedom from the economic crisis and governmental corruption. The city’s development is underway; however, the most interesting fact is that the only recognized currency of Akon City is the all-new cryptocurrency, Akoin.

Sponsored by the Senegalese-American singer and philanthropist, Akon, the smart city resembles Wakanda of the hit Marvel fantasy movie, Black Panther. In his interview with TMZ, the previous week, the superstar revealed that he has been able to secure generous investments from partners and investors with the help of Wakanda. Akon said that the movie has greatly inspired him to work towards Africa’s future and make the country a better place for one and all.

The most significant part of Akon City is the huge hospital of 5000 beds. Akon revealed to the media reporters that the hospital’s construction and development would cost $1 billion. The first phase of the construction of Akon City includes the establishment of residential areas, schools, hotels, a shopping mall, an airstrip, police depots and fire stations, a solar power plant, a waste facility, and other amenities of a modern-day smart city. Akon is also focusing on making the city environment friendly by making solar energy the city’s source of power.

The construction is about 85% complete as of now, and it is expected that the first phase of the city shall be complete by 2023. The entire city will be solely run on the cryptocurrency Akoin. Akon hopes that the construction of Akon City will be over by the year 2029. The engineering firm of the US, KE International Security, awarded the Akon City construction contract of $6 billion to Akon for the construction of the city in Senegal.

Akoin cryptocurrency is the stellar-based digital currency that will be the sole payment method in the futuristic city. Akoin is a common payment mode that comes with its own digital wallet. It enables the users to conduct internal trading in partnered cryptocurrencies through the private and proprietary Atomic Swap technology that allows direct transactions between Akoin and other major cryptocurrencies.

At the virtual conference of Binance, Akon explained that the cryptocurrency Akoin would save Africa from fiscal hurdles like inflation, financial corruption, and governmental mismanagement of funds.

### Share

Samuel Lilly
Samuel Lilly has a bachelor's degree in mass communication and is currently working as an editor at Timesofcryptocurrency.com. He is one of our team's proud member with vast knowledge on different cryptocurrencies.

Previous

### Binance Leveraged Tokens BNBUP, BNBDOWN, XTZUP and XTZDOWN to be Listed

Next

### Does Bitcoin Have a Future?

#### You may also like

Cryptocurrency

### Scams Exposed: Top-3 Tips on Beating the Scammers!

TurboXBT is a supercharged synthetic trading website that provides unbeatable profits of up to 90% ...
By Samuel Lilly
January 20, 2022
Cryptocurrency

### Memes Are Moving From the Cryptoverse to the Metaverse

The last few years have seen decentralization becoming a culture. Even communities on social media ...
By Andrea Smith
January 20, 2022
Cryptocurrency

### Does Bitcoin Have a Future?

Introduction When bitcoin was introduced to the planet a decade ago, it had been thought ...
By Andrea Smith
January 17, 2022

### Leave a reply Cancel reply

Your email address will not be published. Required fields are marked *

Comment

Name *

Email *

Website

Save my name, email, and website in this browser for the next time I comment.

#### More in:Cryptocurrency

Cryptocurrency

### Binance Leveraged Tokens BNBUP, BNBDOWN, XTZUP and XTZDOWN to be Listed

Customers will now get more access to price swings through the new leveraged tokens launched ...
By Andrea Smith
August 5, 2020
0 %

##

✕

- Cryptocurrency
- BlockChain
- Exchange

## Latest Posts

### Scams Exposed: Top-3 Tips on Beating the Scammers!

### Memes Are Moving From the Cryptoverse to the Metaverse

### Does Bitcoin Have a Future?

### Akon City Of $6 Billion Is Underway For Empowering The Africans

### Binance Leveraged Tokens BNBUP, BNBDOWN, XTZUP and XTZDOWN to be Listed