Akon wants to run a Senegal city on cryptocurrency—could it work? ...Middle East

Plans announced by Senegalese-American singer Akon last August to build “Akon City,” a futuristic hub in his ancestral homeland, were initially greeted with enthusiasm. But that quickly gave way to confusion: What was “Akoin,” and why was it appearing on billboards, postcards, and candy wrappers across the country advertising the 2,000 acre project?Envisioned as a sustainable smart city, Akon City has been pitched as a residential and commercial hub, complete with resorts, towering condos, recording studios, a stadium, and e-commerce franchises. The city will run on solar and wind energy to circumvent the country’s unreliable power supply. It will also run on Akoin, a new cryptocurrency curr

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