Musician Akon starts Kryptocoin with Partner Stellar

As a technology Nerd, the musician Akon in a long time. He wants to develop a private Token, he announced in 2018. Now, the ideas take on new forms.

Akon crypto-pioneers in the music scene?

Football clubs rise now stepped up in the crypto market, Paris Saint-Germain, for example, was a long time ago a partnership with the platform for Socios. Individual athletes, such as footballers or boxers, a come for quite some time, either as a Testimonial, or an Investor in the industry to Bitcoin and Ethereum. The music industry discovered, in turn, the possibilities for the application of the Blockchain. With musician Akon, there is now even a real winner of the coveted Grammy Awards, wants to bring an own Token at the Start. There is even already first Details and the appropriate Name “Akoin”, the Star has decided belongs to. In the opinion, that the Blockchain can revolutionize the distribution and monetization of music and other media, many experts agree. After all, there are first activities.

The world star Akon has recognized this and together with his Partner Jon Karas and future President of the system/company – a well-known representative of the crypto-industry as the person responsible for the Emission of the Akoins selected: Stellar.

Entertainment is not the aim of the development work

The network should be the basis of the Coin-distribution, as now known. The starting point is the fact that you can communicate important values with the people in charge at Stellar on a consensus, says Karas. Of a “common Vision” is not the speech in the press release. The Akoin to users opportunities to take part in the offer, the such as in many areas of Africa until today, no access to the traditional financial system. Stellar since here the right choice, because it is exactly in this connection one of the major objectives of the Hybrid Blockchain from the start. The new projects will allow, among other things, the procurement of so-called micro loans, in addition, Dapps for banking and General financial services should be developed. In the future, Akoin as a Utility Token in connection with the Stellar Wallet for interoperability between the Coin and the “real” money sites, as well as the most diverse in the Stellar is intended to provide System-supported Digital Assets on the other side.

The System allows the exchange of crypto – and Fiat money in Astsees

So then User, for example, by Akoin-Stellar could be currencies-cooperation-effective and efficient Digital Stellars own XLM Coin against Ripple and co. exchanged. The charging of Prepaid phone cards is a use case out of many possibilities. A Stablecoin will not be Akoin, however, so it will come as Bitcoin and Altcoins of a constant volatility. Stable coins are to be connected to the new System, but as well a internal Wallet and a mobile marketplace as a source of revenue for the service provider and the payment method. And write 54 African countries and developing countries, the creators of the Akoin project say that as a target group in mind. Better late than never, one might say in this connection. Because the project has a time delay of one and a half years since the first announcement for the launch of the Akoin.

Now, however, so it is up to the musician, according to quickly go to the currency office of the planned “Akon Crypto City,” is to go all-digital metropolis of Tomorrow at the Start. The city is close to the emergence of the large city of Dakar and in Senegal.

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