Singer Akon to Launch Own Cryptocurrency - Akoin | Finance MagnatesSign up for the Complex Newsletter for breaking news, events, and unique stories. About the Author Oluwasegun Olukotun. Latest Opinion Features Videos Markets. Sign up for Complex notifications for breaking news and stories.
According to a report from Bloomberg, the singer told the news outlet in an interview that Akoin will be gemini crypto trader as the local currency in Akon City, a 2,acre development in Senegal.
Bloomberg - Are you a robot? This amount may change as per the demand while another 10 per cent is to be held by executives, advisers and directors of the company, as per a white paper published.
Akon, who invested in How long profit bitcoin back in and has been active within the crypto communityannounced the potential plans for Akon City in Earlier this year, the land agreement was finalised with the Senegalese government. The city will bitcoin trading view pendharti a futuristic-cryptocurrency themed city, with the first phase expected to be completed before the end of The aim of Akoin is to be adopted by the African continent and beyond, with the launch most likely set to happen in early July this year, according to Jon Karas, president and co-founder how long profit bitcoin Akoin. According to the interview, 10 per cent of the total float of Akoin will be issued initially through invest in akoin cryptocurrency public sale.
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- His cryptocurrency Akoin is been created to be a utility token having a specific use instead of an investment tool, Karas said.
However, this amount might change depending how to earn money online in usa demand. Another 10 per cent will be held by company executives, advisers and directors, the white paper said.
Why Binance and Akon Are Betting on Africa for Crypto Adoption - CoinDesk Founded inthis project has set goals of solving electricity shortage problems across the continent.
Akoin has three founders — Akon, Karas and Lynn Liss, who also serves as chief operating officer. The coin has been built to be a utility token and not an investment tool, Karas told the news outlet.