Plans to Build $6,000,000,000 Cryptocurrency Metropolis Moving Forward

Plans to Build $6,000,000,000 Cryptocurrency Metropolis Moving Forward - Akon City

Efforts to build Akon City – a cryptocurrency-themed metropolis envisioned by musical artist Akon – just took a big step forward.

Akon has awarded the US-based construction firm KE International a $6 billion contract to begin work on the 2,000-acre project.

KE International will partner with Bakri & Associates Development Consultants on the city’s architectural plans.

Akon City will be located near Senegal, West Africa and will use the singer’s proprietary blockchain-based cryptocurrency, Akoin, as its local currency.

Phase One of the construction is slated for completion in 2023 and will include infrastructure: a hospital, a mall, and a police station.

The city will be Leader in Energy and Environmental Design (LEED) certified that features a solar plant as well as residences and schools.

Phase Two is projected to be completed in 2029 and will include hotels in addition to a university and a stadium.

The city will have special tax designations from President Macky Sall of Senegal to encourage tourism and investments.

Construction company, KE International, is known for a similar, soon-to-be-completed project in Western Kenya.

The Mwale Medical and Technology City (MMTC) was founded by Julius Mwale in 2014 and is powered exclusively by renewable energy.

The 5,000-bed Hampton Hospital located in MMTC is set to be completed in 2020 and will also use Akoin cryptocurrency.

Akoin, founded by Akon and Jon Karas, is described as a tool to provide African entrepreneurs with opportunities and access to flexible capital.

According to the white paper,

“Akoin’s mission is to unlock the potential of the world’s largest growing workforce by creating learning, earning, spending, and saving opportunities across Africa and other lean economies. The Akoin Ecosystem of Decentralized Applications (DApps) and Applications (Apps) provide the building blocks for entrepreneurship and economic opportunity.”

Source: dailyhodl.com

Comments

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry. The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling. Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk about cryptocurrency,

Will Solana (SOL) Be the Shining Star of the Bull Market?

About 250,000 to 700,000 SOL have been sold daily by FTX for the last three weeks. SOL’s price jumped above $60, as GSOL’s premium also increased. While the price may retrace, it may not take long before SOL hits $70. Despite being a notable casualty of the FTX contagion in 2022, Solana (SOL) has defied all odds in 2023, as the price continues to outshine its peers. In the last 30 days, the value of SOL has increased by 180%, rising as high as $62 on November 11. However, the rising price of SOL is not the only interesting thing the token has shown by the token. For a token that was once described as dead, it has shown tremendous strength. Coin Edition came to this conclusion because of a post by trader Bluntz Capital. The Big Players Are Here According to Bluntz, FTX, after getting the go-ahead to liquidate its assets, has been selling around 250,000 to 700,000 daily for the last three weeks. Regardless of the sales, SOL has failed to nosedive. Rather, the price has chosen the upside

Terra Classic Community Passes Major Constructive Proposal, LUNC And USTC To $1?

The Terra Luna Classic community has passed another key proposal as they prepare for a revival of Terra Luna Classic (LUNC) and repeg USTC stablecoin to $1. The proposal aimed at having a guideline for a pay-per-job approach on the Terra Classic chain as core developer L1TF goes into maintenance mode for Q4. Meanwhile, the community is also collaborating on other fronts to keep LUNC and USTC above key support levels as traders started booking profits amid the latest pullback in the crypto market. Terra Luna Classic Passes Pay Per Job Proposal Proposal 11889 “Pay-per-job and governance-ruled Job List” has passed successfully. The proposal deemed the monthly model of roadmap and payment planning as suboptimal and plans to switch to a pay-per-job model. The proposal has received 91.99% “Yes” votes, with others mostly voting “Abstain”. The community believes it will optimize compensation structure, provide flexibility and transparency, boost community engagement, and risk mitigation. A

Crypto Ethone

Search This Blog