Famous singer Akon announced on January 13 that Akon City, the world's first crypto city, will be built in Senegal and only cryptocurrency Akoin will be used in the city.

Singer Akon, with the tweet sent the other day, said that the agreements for AKON CITY to be built in Senegal have been completed. I hope to see you there in the future. ''

A futuristic city
Cointelegraph reported the plans created for this futurist city last year. The project plans to create a 100 percent crypto-based city with Akoin at the center of economic life. The city may be the first city in Senegal to hold an Energy and Environmental Design Leadership (LEED) certificate. The metropolis will be built on 2 thousand acres of land, gifted by the president of Senegal.

The 45-year-old entrepreneur signed a memorandum of understanding with SAPCO, the state-owned tourism department of Senegal last week.

According to an interview published on radio station Power 106 in November, Akon City will take a long time to complete: '' We divided it into stages as it will be a construction process that will take 10 years. We started the construction in March 2019, and we will start the second phase in 2025. ''

Akoin, the future of Africa
Akoin will launch the beta version soon, according to the website. Akoin aims to strengthen them by providing digital and real tools and services to entrepreneurs and to benefit brands from the developing economy of Africa.

Akon is not the only crypto advocate who thinks of realizing projects in Africa. Twitter and Square CEO Jack Dorsey also thinks Africa has a viable future for crypto. Dorsey, who promised Twitter and Square to integrate Bitcoin, stated during his visit to Nigeria last year: '' Africa will determine the future (especially the future of Bitcoin!). ''

Famous Senegalese singer Akon plans to establish a cryptocurrency city by agreeing with the Senegal government. The famous singer's interest in cryptocurrencies was known, and he also started attempts to issue a cryptocurrency called AKOIN. Deciding to support these initiatives with a more concrete step, Akon signed an agreement with a US-based engineering firm to sign a $ 6 billion contract for the construction of the city, which is planned to be established in Senegal. Engineering firm KE International, on the other hand, managed to collect 4 billion dollars from its investors for the city, which is planned to be established under the name Akon City. The first phase of the city is planned to end by 2023, in the second part until 2029. After the project is over, AKOIN cryptocurrency will be used in the city. AKOIN, which also published its whitepaper in the past months, has been the focus of attention after the news came out.