This will be an app that’s open to all – the same as the Apple App Store. Think about providing electricity to a whole country in less than a year. “[…] And there was an area where there was electricity, but when we went to go do the concert, before the second song even came on, all the lights went out. Offering an abundance of digital and real-life tools that create opportunity and inclusion for youth entrepreneurs by allowing consumers to earn, learn, spend and save cryptocurrency right from their smartphone through a suite of blockchain-powered apps. This was one of his most notable dreams and it was inspired by his own grandmother, who despite being asked by the megastar to go to the US and refused, Akon felt his duty to bring electricity to his loved one. Therefore the use and success of the coin will definitely have a positive impact on Stellar Ecosystem. Crypto-Stuff Creating a currency means that you also need to make sure that it’s not volatile, that you have a business that brings in revenue and can sustain itself. “It’s backed by the popularity and the trust factor […] That’s any currency, it’s whatever the people say it’s worth.”. | Bitcoin bulls continue to rejoice as Bitcoin closes at its second highest monthly price in the history of the digital currency. There are all kinds of great innovations on the blockchain and Akoin’s mission is to help empower entrepreneurs to rise in such growing economies. Firstly, Akon is a proven philanthropist, especially for his past activities focusing on his home, Africa. Company representatives declined to disclose what percentage of the coin Akon will hold. And Akon says he understands crypto’s tumultuous history -- and cautions against blindly jumping into investments. Digital currencies -- of which there are more than 5,000, by some measures -- have been cited as a way to open up financial systems and incorporate a greater mass of users, especially those who currently may not have access to banks. Akon and his team managed to provide electricity across 15 countries in 2015 and 25 countries in 2016. This will bring the power back to the people and the security back into the currency system. “There are going to be digital currencies that will float through the whole universe that allow us to trade in a way that we’re already accustomed to -- but now it’s going to be the norm.”, https://t.co/qFgTJvXJtM pic.twitter.com/sJ98plUOWc. Here is what Akon said about Akon City and Akoin on his Twitter account: https://twitter.com/Akon/status/1232660798897557504?s=20. This will be of great value especially when participating in daily economic building activities. “We’re in this for the long-run.”. This platform is built around this very same concept. Earlier this year, Akon announced he would be launching his own cryptocurrency called Akoin. What’s more, this philanthropic vision gained global coverage, having been promoted through 586 media campaign articles from May to October 2015. Well, quite a bit. The Akoin Foundation is a component fund of the SDG Impact Fund, (Tax ID# 46-2368538). the city; all digital. What’s more, people providing these micro loans will also be benefitting from this process as Lynn Liss elaborated: “Micro-lending is a big part of what we’ll be offering next and those people providing these micro-loans also are earning opportunity in and out of themselves; if they prove that they can both give out loans to people in the market and make sure those loans are returned, then they’re earning Akoin in the process.” – Lynn Liss. Akoin: More than a city. Although born in Missouri, Akon is of Senegalese descent and spent a good part of his childhood there. But there’s more to the project than self-aggrandizement. Therefore, if said loan providers can prove they can both give out loans to people in the market and make sure those loans are returned, then they can earn Akoin in the process. This quote pretty much sums up the concept behind this project perfectly and succinctly: After all, apart from having a great idea, it was also essential to have a solid, sustainable business model. The Akoin Ecosystem of crypto-based Apps and DApps will enable aspiring entrepreneurs to learn, earn, spend and save; and thus, have more transparency and security. There was neither electricity nor running water where he lived and so they had to rely on a well. SDG Impact Fund, Inc, headquartered at 475 E. Main Street #154 Cartersville, GA 30121 is a public charity as described in the Internal Revenue Code Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi). It was at this very instance he started to visualise other things. Akon’s philanthropic dreams are truly ones which need the spotlight. So if you don’t invest in that now, if you don’t see that coming, you’re a fool.”. The American-born artist, who’s sold more than 35 million albums globally, spent his early childhood in Senegal before relocating to New Jersey. I just watch how things changed drastically in time to digital […] Crypto is going to become the next digital currency. He noticed how in a lot of the rural areas, people had their own economies, their own way of living that was completely partitioned to what was happening in the regular city life. Owing to the artist’s Akoin Foundation, inspired entrepreneurs will be able to develop future-forward businesses and promote innovation, economic stability and growth across Africa, and eventually, worldwide. We help socially conscious entrepreneurs get their businesses off the ground and keep them growing through a suite of lending, funding and activation services. Subscribe now to recieve exclusive updates and offers! His advice on financial management included investment in Akoin. “Crypto is going to become the next digital currency. Akon Says that Investment in ‘Akoin’ is Investment in Africa’s Future, A handy guide to investing in cryptocurrencies, Why the bitcoin is gaining more and more…. Between 74-89% of retail investor accounts lose money when trading CFDs. At Cryptimi, we were beyond ecstatic to be present for an exclusive panel discussion between Akon and his colleagues Jon Karas and Lynn Liss, all of whom are the brains behind Akoin. It’s an actual transaction. Akon, the Grammy-nominated singer, songwriter and music producer, mostly known for his music career, has recently started focusing more on philanthropy and social entrepreneurship. © 2018, Akoin LLC. I don't know about the "rest of the world" and perhaps not even sure about "whole of Africa" but I am pretty bullish on the success of this coin in Senegal for two main reasons. Building relationships with other artists to gain bigger territory, get a bigger mass of people to be able to entertain. Cryptimi reporters decided to touch up on this idea and asked Akon, Who Can There are youths who have over a million minutes – they’re like “minuteaires”. In fact, he even goes on to say that Akoin can be a "trusted currency alternative for Africa and all developing countries around the world". Akoin is built to be a utility token (meaning one that has a specific use), not an investment tool, Karas said. The sun is always there. A lot is at stake, and the debate is likely to intensify as more institutions attempt to define their involvement. Bitcoin closed October with a price hovering right around $13,800, the second highest monthly price finish besides the […], At Cryptimi, we have announced the launch of our newest news platform in one of the largest languages globally, German. As Akon himself rightly puts it: “The key to success has always been unity. So if you don’t invest in that now if you don’t see that coming, you’re a fool,” he further added, Akon also shared that Akoin will be up for sale in October. A Bityard Review: What Makes It the Best Derivatives Exchange for Beginners, UK Police ignored the $3 million Lyfcoin crypto scam. Africa is a continent abundant in land, solar resources and above all, has lots of potential. The coin’s three founders -- Akon, Karas and Lynn Liss, who also serves as chief operating officer -- are subject to a six-month lockup period and are released slowly thereafter. This is perfect for individuals who want to start a business. “We’re building a big ecosystem,” Karas said by phone. 75% of that population is under 21 – youths who are tech savvy and understand the digital economy today. After closely following Blockchain and Crypto trends, Akon began to understand the significance behind this technology and its potential to revolutionize the way people collaborate and transact with one another: “I just thought about it for two seconds and said: ‘You know what? And if that wasn’t a praise-worthy mission, Akon was also involved in the initiative to start up an academy in Mali called Solektra Int, where the much-needed knowledge and skills are given to the people of Africa. “ In certain parts of Africa, cellphone minutes is considered a currency. What do you think? The same can be done with cryptocurrencies, from the mainstream ones like Bitcoin and Ethereum to the whole variety of altcoins. The coin with his namesake is already built and is currently in its beta testing phase, which looks ever so promising. The world has gone mobile, and having the right skills and knowledge can mean the difference between the life-or-death of a business. This multi-talented, multi-platinum selling artist presented and spoke about his Akoin vision for Africa in a special panel during the Malta AI & BC Summit 2019 Autumn edition, together with President and Chief Operating Officer (who are also Co-Founders), Jon Karas and Lynn Liss to discuss Akon’s futuristic vision and philanthropic mission. He revealed the crypto will be up for purchase next month and …

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