Musician Akon accelerates plans to build a crypto city in Senegal despite problems

The Senegalese-American musician and millionaire Akon is still making progress in his quixotic quest to build a city called – yes – “Akon City” in Senegal that will run on a cryptocurrency called “Akoin”.

Originally announced in 2018, Akon planned to create a $6 billion city for Africans relying on a new digital payment method. However, today the value of Akoin has fallen to around $0.012, after being valued at $0.28 in September 2021, when it was first launched on the crypto exchange BitMart.

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