- Akon’s cryptocurrency, titled Akoin, has touched a $5 Million milestone in its trade volume in Kenya. It was initiated as pilot program for payments previous year.
- Token was particularly created for transactions at an advanced smart city in an East African nation previous year.
- Akon leveraged facility to try Akoin, a digital asset which is at the core of $6 Billion Akon City in Senegal.
An Instrument For Monetary Inclusion
Akoin, a crypto asset discovered by musician and philanthropist Akon, has marked $5 Million in its trading volume since its inception as a pilot for transactions at a high-tech smart city in Kenya previous year.
This news comes as Akon’s previous business collaborator Devyne Stephens made criticisms towards both, his token as well as musician’s planned ultra-advanced city in Senegal, calling them ‘Ponzi Scheme,’ as per documents filed in United States court on 7th March.
Since February previous year, mwale Medical and Technology City (MMTC), a $2 billion metropolis focusing on 5,000-bed tech and med complex, made use of virtual asset as a mode of transaction.
It was leveraged by Akon to try out AKN, cryptocurrency at the core of Akon City, a futuristic town presently being developed in its native Senegal, and is worth $6 Billion.
Over previous year, Akoin has marked over $5 Million in trading volume, as per John karas, AKN co-founder, about 35,000 folks from Western Kenya, an area of 17 million individuals, are on board.
