Cryptocurrency

Akoin begins its trading on November

Akon announced that its premier listing on the crypto exchange named Bittrex. Basing on the Stellar Network, Akoin will launch on Bittrex on November 11, it will allow the users to trade and transact with the user token.

Akoin 101

Akoin project is a blockchain platform headed by the global artist Akon, who is committed to bringing a trusted digital currency to the countries in Africa that have suffered from weak and over-inflated fiat currencies that have prevented the citizens from accessing financial services.

The main objective is to improve the social opportunities and the connectedness for millions living in rural and remote regions of Africa who lacked the connection to the internet and is now the global economy. The project is to start in Senegal before it will be expanded across the continent.

Akoin Ecosystem has provided the token holder’s access to a wide range of decentralized apps (dApps) and apps, and the tools for entrepreneurs to associate, engage and scale business in the regions like Africa, all the while providing a positive social impact to its societies.

The president and co-founder of Akoin, Jon Karas, stated that the listing was an important step for the business. He continued:

“Having Akoin listed on a top exchange creates global awareness and liquidity for the Akoin token while bringing us even closer to realizing our vision of bringing greater opportunity and social connectedness to people across Africa who want to build, grow and develop their businesses.”

Also, the CEO of Bittrex Global, Tom Albright has the same opinion:

“Leveraging financial tools to help those without access to banking and credit is still one of the biggest unrealized promises from the blockchain. We’re incredibly excited about the long-awaited launch of Akoin.”

Akoin’s progress

Akoin is previously driving major global partnerships forward and which will bring a massive utility to the Akoin Token.

In this year’s first quarter, Akoin had announced that the native token will be the principal currency and central payment platform for the forthcoming Mwale Medical and Technology City (MMTC) in Western Kenya, and is now informed to be used by the city’s residents, workers, and growing businesses.

Akoin is founding the UN-backed Akoin Effect Opportunity Hubs in Africa that allows young people to earn while they learn, focused on the Blockchain and Al-based education opportunities.

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