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Real-Life Wakanda: Akon Reveals Fine Points of Cryptocurrency City

September 2, 2020

Akon reveals plans of Akon City, which he also calls a “real-life Wakanda,” as he refers it to the hit movie Black Panther. The details have shown that the akoin cryptocurrency will run seven significant districts and the city.

Details of Akon City Formally Unveiled

Akon, a Senegalese-American star and a philanthropist, who bears the full name of Aliaune Damala Badara Akon Thiam, revealed last Monday the significant details of his strategic Akon City. The futuristic city worth $6 billion in Africa will be run on the akoin cryptocurrency.

Akon city will be distributed to seven main areas:

  • the African culture village district
  • the offices and residential community
  • the entertainment district
  • the health and safety district
  • the education district
  • the technology district
  • the Senewood district

The African culture village district will highlight a seaside resort and spa encompassing retail stores, a ballroom, a business center, a restaurant area, a night club, a fitness center, and a hotel. There will also be an open market and 20 chalets. It was reported on Monday that a hotel within the city plans to feature rooms that are decorated as how the 54 countries of Africa are represented.

The residential and office district consists of six residential buildings, two office buildings, and four parking structures in further detail. The website of Akon City further explains that there will be a “smart parking system” that has been described as a “more efficient, safer, and energetically sustainable” system and also includes “e-parking, automated parking system, e-transportation within the city and much more.”

On the other hand, the entertainment district will have a casino, a stadium, a resort building with a hotel, and a sports field. There will also be a mall with a cinema, an entertainment area for kids and adults, and a fashion district. The health and safety district will include a general hospital, an outpatient center with a pharmaceutical retail space, laboratories, and various clinics. Meanwhile, a police station and a fire station will also be placed, including areas for training, sleeping, and fitness.

The unveiled detail also showed the education district with three main buildings to accommodate Berkeley, Harvard, MIT, and Stanford. Housing will be provided for students and faculty members. The technology district will have a tech park that will be having several buildings. On the other hand, the Senewood district will grace the Akon tower. In this media tower, four filming and recording studios will take place and will help progress Senegal’s film industry.

Akon City’s Location and Akoin Cryptocurrency

Located “in the heart of Cadastral de Mbodiene Park, within the beautiful landscape of water and surrounding nature,” as the website detailed, Akon City “is easily accessible to commuting as well as to the general public.” The website elaborates:

“Akon City will set the standard for all future real estate development in Senegal as a country and region as a whole.”

Conversely, the project was designed by a Dubai-based architect because an appropriate one from Africa could not be fast enough. It was also noted that the percentage of the building materials and construction teams would be sourced locally.

While hopes are high in Mbodiene that the Akon City project will change lives, village chief Michel Doom said: “We have a lot of hope. Many promised us projects, but we saw nothing.” Without providing specific details, Akon also said he’s considering franchising the concept to other countries on the continent, the publication conveyed.

Moreover, Akon stated that the project had safeguarded about one-third of the $6 billion that is needed on Monday. KE International, a U.S. based consulting and engineering firm that has been awarded the contract for building and executing Akon City, on the other hand, said in June that it had secured $4 billion from investors for the first and second phases of implementation of Akon City.

Akon City’s foundation stone laid by Akon

On Monday, Akon traveled with government officials “to the grassy fields in Mbodiene some 100 kilometers (62 miles) outside the capital where construction has yet to begin.” According to Akon, the construction is set to begin early next year, explaining that the project’s first phase alone can take over three years. He said beforehand that phase one of Akon city would be accomplished by the year 2023, and the entire city, which will be run by Akoin Cryptocurrency, will be finished in 2029.

A Stellar-based cryptocurrency, Akoin, will be used in Akon City. It was created and aimed to be used “as a common medium of transfer between Africa’s 54 countries … Allowing African citizens and entrepreneurs to engage with the digital economy with only a mobile phone,” as the website describes.

Akoin cryptocurrency will have its wallet, and it “allows users to trade amongst partnered cryptocurrencies internally … through a proprietary and private atomic swap technology that makes a direct transfer with all major cryptocurrencies, our partners’ alt currencies possible, without having to go through a major exchange.”

Real-Life Wakanda to Boost Senegal’s Tourism and Give Jobs for Africans

First announced in 2018, Akon described it as a “real-life Wakanda,” comparing it to the technologically advanced fictional African city in the blockbuster movie “Black Panther.” On the sad note, actor Chadwick Boseman, who represented Black Panther in Marvel’s famous movie series, died last Saturday.

Akon addressed on Monday that he hoped his Akon City project would deliver much-needed jobs for Senegal people. It will “serve as a ‘home back home’ for Black Americans and others facing racial injustices,” as reports said, and “The system back home treats them unfairly in so many different ways that you can never imagine. And they only go through it because they feel that there is no other way,” Akon stated, elaborating:

“So if you’re coming from America or Europe or elsewhere in the diaspora and you feel that you want to visit Africa, we want Senegal to be your first stop.”

“Covid-19 has sown doubt everywhere. This means that those who had doubts about the attractiveness of Senegal, and Africa in general must convince themselves that there are men and women who believe in Africa,” the two-time Grammy Award-nominated artist ranted.

Akon, born in the U.S. to Senegalese parents, spent much of his childhood in the West African Country. He started the Akon Lighting Africa project in 2014, intending to provide electricity by solar energy in Africa’s rural areas. Lately, he joined a bitcoin entrepreneur Brock Pierce’s presidential campaign as Chief Strategist.

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