Akoin (AKN), Akon's cryptocurrency, has been piloted at the Mwale Medical and Technology City (MMTC) for almost a year. Now, the coin is set to be fully launched by September 2021. Is Akon one step away from his Akon City dream?
Although President Nayib Bukele was confident about his country's decision to recognize Bitcoin as legal tender, he was nearly brought down by widespread institutional criticism from agencies such as the International Monetary Fund (IMF), the World Bank and others. However, the recent endorsement from Bank of America gives Bukele renewed vigor and enthusiasm to continue pursuing the Bitcoin dream.
Back in 2020, a famous rapper Akon launched his own cryptocurrency dubbed Akoin to boost its dream of improving the lives of the citizens of the African continent. But paradoxical is the fact that the token is listed on a platform that is unavailable to most Africans. Consequently, this could significantly slow down the adoption of the coin in the continent.
Akon is continuing to expand the planning of his futuristic cities across the African continent. Now, Akon wants to expand the project to Uganda, the Pearl of Africa. But how real are these plans for the African population?
The Akon City project by Senegalese-American rapper, Akon has been a topic of debate since it was first announced in 2018 in Senegal and most recently on April 5, in Uganda. While the futuristic-cryptocurrency themed city’s architecture portrays a city “too beautiful” to live in Senegal, the Senegalese could be happier with something else.
On April 2, Senegalese-American rapper, philanthropist and crypto enthusiast, Akon visited Uganda and met with the President and various entities to discuss possible business opportunities in various sectors. Is this a dream come true for the “One Africa, One Koin” that Akon is preaching?
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Litecoin bounces as it makes an upward move to revisit the $62 resistance. On January 17, the bulls made their first attempt to break the resistance at $62 but were resisted. It is anticipated that if the bulls break the $62 resistance, LTC will rally above $66.
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