R&B artist Akon denies claims his crypto city dream is falling apart – African Bitcoin News

Senegalese-American artist Akon allegedly assured attendees of his so-called Token of Appreciation (TOA) that he would be compensated for donations. To back up this promise, the singer reportedly claimed that he was even ready to do a “world tour just to pay them all back.” Akon, however, admitted during the interview that he had to “clean up more things before promoting it [Akon City].”

Singer ready for world tour for token holders

Rhythm and blues (R&B) singer and music producer, Akon, has reportedly promised to compensate disappointed fans who have been waiting for refunds for his Token of Appreciation (TOA) campaign. The Senegalese-American artist also told the TOA holders that he is willing to use his own resources to ensure that this promise is fulfilled.

“I am dead serious. I would do a world tour just to repay them all,” the award-winning artist reportedly said.

Launched in 2019, Akon’s TOA was given to his first financial backers. TOA was not only the forerunner of the akoin cryptocurrency, but also allegedly gave supporters the opportunity to acquire the cryptocurrency. However, after more than two years of waiting, some early backers have lost faith and are now demanding a refund.

While seemingly acknowledging that some supporters have lost faith in the project, Akon suggested during an interview with the BBC that his ambitious but much-delayed mega-construction project — Akon City — is still on track. As Bitcoin.com News reported, construction on the initial phase of the singer’s “futuristic cryptocurrency-themed city” is set to begin sometime in the second half of 2020.

Following the announcement of the singer’s multibillion-dollar project, Akon’s team revealed that the initial phase, which included the construction of a hotel, school, landfill and solar power plant, would be completed by the end of 2023. However, according to a BBC report, the site of Akon’s mega of the city has now become a pasture for goats.

Akon City Dream Still Alive

During the interview, Akon — who blames the Covid-19 pandemic for the delay — admitted that he should have “prepared more things before promoting it.” However, the singer is adamant that his project, which is “co-signed by electricity [Senegalese] the president” is still alive.

“I plan to see my retirement in that city. I don’t like to use the word king of the city. But it will work out,” Akon reportedly said.

During the interview, the R&B singer was also asked to address investor concerns about the legality of using cryptocurrency in a jurisdiction regulated by the Central Bank of West African States (BCEAO). He said.

I want to make sure, however, that we incorporate crypto within the city in a way that complies with all the rules and regulations.

As explained in a BBC report, the BCEAO has not only warned against the dangers of using cryptocurrency, but has reportedly called it illegal.

Meanwhile, when asked if the cryptocurrency akoin is still the preferred medium of exchange in the envisioned city, Akon promised to “figure it out by the time the city is up, that’s for sure.”

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Terence Zimwara

Terence Zimwara is a Zimbabwean award-winning journalist, writer and author. He has written extensively on the economic problems of some African countries, as well as how digital currencies can provide an escape route for Africans.

Image credit: Shutterstock, Pixabay, Wiki Commons, miguelca / Shutterstock.com

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