Global singing sensation Akon is launching his own cryptocurrency to fund humanitarian work in Africa.
Akon, who was born in the USA of Senegalese descent, rose to fame in 2004 with the single ‘Locked Up’, topping the charts and selling hundreds of thousands of records.
He has announced the launch of Akoin – his personal currency.
The aim is to help build a city outside the Senegal capital of Dakar.
However, he has not thought through how his cryptocurrency will work.
“I come with the concepts and let the geeks figure it out,” he said.
The city will be funded and run on Akoin as a futuristic 2,000-acre crypto town. The land was gifted for the project by the government.
“I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people and brings the security back into the currency system and also allows the people to utilize it in ways where they can advance themselves and not allow government to do those things that are keeping them down,” Akon said.
“Akon Crypto City blends leading Smart City planning designs with a blank canvas for cryptonising our daily human and business exchanges, towards inventing a radical new way of existence.”
The project is an extension of Akon Lighting Africa, a program providing solar energy to townships in Africa.
The project employs 5,000 young Africans installing solar equipment across 14 countries on the continent.
Running for president
“We have the sun and innovative technologies to bring electricity to homes and communities. We now need to consolidate African expertise and that is our objective,” says the Akon Lighting Africa web site.
Apart from his good causes, Akon is also trying to find time to enter politics in the USA. His aim is to run for president in 2020 – hopefully against rap superstar and Kim Kardashian beau Kanye West.
“I actually really want Kanye to run,” he said. “It’s gonna be entertaining, it’s gonna be something worth watching.
“I’m going to come in with a team so crazy, man, it’s all going down. I’m not holding my tongue. The way I look at it, win or lose, at least I get the movement going, I get the conversation going.”