For some time now, the Hip Hop singer has made public the launch of his new cryptocurrency “Akoin”, which will represent an income and investment alternative for young entrepreneurs in Africa.

The American hip hop singer of Senegalese origin, Alioune Badara Thiam, better known as Akon, will participate as a speaker at the Blockchain and Artificial Intelligence (A.I.) Summit in Malta. Event organizers announced the news yesterday in a press release.

The Summit Blockchain & I.A. Malta is one of the most important technological events worldwide with more than 14,000 exhibitors, investors, suppliers and opinion leaders. The third edition of the summit will take place on November 7 and 8, 2019.

According to the press release, the Grammy-winning artist and African philanthropist will participate in the event to talk to the public about his crypto project called Akoin.

Regarding the participation of the artist and crypto enthusiast, the founder and CEO of the giant event, Eman Pulis, commented:

“With a vision so clearly aligned with the best hopes for the blockchain world, Akon will surely be a great attraction for the conference audience at the AIBC in Malta. We are excited to work with him on using blockchain to make the world a better place for everyone”

A new crypto-based project

Grammy winner Akon announced his cryptocurrency for the first time in June 2018 to present itself as an opportunity to empower young people in Africa. This November, the artist will explain during the Summit Blockchain & A.I. from Malta how its blockchain-based technology token can empower young entrepreneurs in Africa to strengthen the continent’s emerging economies, as well as support the development of sustainable communities.

Akon’s crypto project to support Africa is already underway. His first steps are taking place in the capital of Senegal, Dakar. Senegalese President Macky Sall awarded the initiative 2,000 acres of land to establish an Afrofuturist city to be called “Akon Crypto City”

“The idea is to create a renewable city,” Akon explains according to the press release and added:

“The cryptocurrency is the money spent in the city; all digital. All renewable energy; No gas, nothing. And clearly, we will create platforms for all the new technologies of today embedded in the city itself.”

A new option for entrepreneurs

The main goal of this project is that entrepreneurs will be able to develop business and promote innovation, economic stability, and growth throughout Africa. The Akoin ecosystem, which has decentralized applications (DApps) and other Blockchain-based applications, allows entrepreneurs to learn, earn, spend and save on cryptography. In addition to having the transparency and security that technology offers to participate in daily activities in the construction of the economy.

The artist highlighted:

“I think banking systems can definetely benefit from Blockchain, but the voting system will probably be the number one system for technology. In addition, the good thing about this technology is that it leaves a mark. Nothing can be done without everyone seeing it, it opens the way towards transparency.”

Akon also has other plans, including running for president in the United States. The artist has stated on previous occasions to be ready to face President Donald Trump so much to run for the position in the White House.

The Hip-Hop singer is also known as the co-founder of Akon Lightning Africa with Samba Bathily and Thione. This initiative aims to develop solar-powered solutions in order to provide a source of clean electricity. Akon Lightning Africa is based in New York City and has already managed to provide energy through solar solutions in more than 14 African countries.

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