Music/News

Akon developing a cryptocurrency called “Akoin”

The cryptocurrency is part of the singer’s project to create an infrastructure of renewable energy across Africa.

June 21, 2018

Between Paris Hilton co-signs and Ghostface Killah’s own CREAM Capital, cryptocurrencies seem to be replacing clothing lines and ghostwritten memoirs as the celebrity vanity project du jour. The latest figure to join in on the fake-money frenzy is Akon, a move that makes way too much sense if only because of how well his name lends itself to cyptocurrency puns – yep, it’s called Akoin.

Akoin, however, doesn’t seem to be another celebrity-backed get-rich-quick scheme, but rather the latest part of Akon’s Lighting Africa initiative, the singer’s project to create an infrastructure of renewable energy across the namesake continent. Part of this project, the singer claims, is the planning and development of “Akon Crypto City”, a “100-percent crypto-based city” that is apparently “already in development, beginning with 2,000 acres of land gifted to Akon from the President of Senegal,” Akon’s home country.

This utopian drive to create entire cities, along with Akon’s announcement earlier this year to run for president (with Zuckerberg as his VP), are reminiscent of a certain controversial rapper; making the idea of a 2020 U.S. Presidential Election centered around Akon vs. Kanye closer to a reality-and-or-nightmare.

Exclusive videos, interviews, contests & more.

sign up for the a.side newsletter

sign up