Akon's Akoin: How To Invest In The Crypto Star?

Akoin is a cryptocurrency created by hip-hop artist Akon, designed to fuel entrepreneurs in the rising economies of Africa and beyond. The Akoin Utility Token is available within the Akoin Multi-Currency wallet for exchange between all DApp/App offerings and within the local market, including prepaid minute conversion, direct service payments, and conversion into local currency. Akoin will be the central currency of Akon City, a sustainable and eco-tourism smart city in Senegal, Africa. Akoin offers access and expansion for global brands and applications seeking an entry point to the market.

Akoin's availability on BitMart

Akoin (AKN) is now available in the US on BitMart, a cryptocurrency exchange. This development provides access to Akoin for people in the US who want to support the cryptocurrency and also opens up access to many other African countries that previously couldn't access or use it.

Trading began on September 17, 2021, and users can buy and sell the token using internationally available deposit options such as PayPal, Paxful, and Apple Pay. The Akoin listing on BitMart also features a sign-up process designed for the African business environment, extending Akoin's coverage into an additional 11 African countries.

BitMart's listing of Akoin is an important step for the business, as it enables them to offer the cryptocurrency to a much larger number of people, including those in the US and across Africa. This development also creates more global awareness and liquidity for the Akoin token, bringing them closer to their vision of bringing greater opportunity and social connectedness to rising entrepreneurs.

Akoin is a cryptocurrency developed by global artist Akon to improve social opportunities and access for African entrepreneurs. It is designed to fuel rising entrepreneurs in Africa and beyond, serving as a common medium of transfer between Africa's 54 countries, each with its own volatile currency. Akoin allows African citizens and entrepreneurs to engage with the digital economy using only a mobile phone.

Akoin's utility and target audience

Akoin is a cryptocurrency created by Senegalese-American hip-hop artist, Akon, with the aim of empowering young entrepreneurs in Africa and beyond. Africa has over 40 currencies across 54 countries, each with varying levels of inflation and instability, making it difficult for entrepreneurs to grow their businesses within the continent and internationally.

Akoin's utility lies in its ability to provide a single, stable, and trusted currency for Africa. It will be used as a common medium of transfer between African countries, allowing citizens and entrepreneurs to engage in the digital economy seamlessly. Akoin will also be the central currency of Akon City, a sustainable and eco-tourism smart city in Senegal, Africa.

The Akoin Utility Token can be used for various purposes within the Akoin ecosystem. It can be exchanged between different DApp/App offerings and within the local market, including prepaid minute conversion, direct service payments (e.g., utilities, mobile, etc.), and conversion into local currency.

Akoin also offers a Multi-Currency Wallet, which allows users to trade among partnered cryptocurrencies internally without the high fees and hurdles often found with exchanges. This is enabled through Atomic Swap technology, which facilitates direct transfers with major cryptocurrencies and partner alt currencies without going through a major exchange.

The target audience for Akoin is primarily young entrepreneurs in Africa who are facing challenges in creating and growing their businesses due to the instability and inflation of multiple currencies. Akoin seeks to provide a more trusted and stable currency alternative, enabling them to build and expand their ventures. Additionally, Akoin also targets global brands and applications seeking an entry point into the African market, offering them unparalleled access and expansion opportunities.

Akoin's value and confidence

Akoin (AKN) is a cryptocurrency created by Senegalese-American hip-hop artist, Akon, to stimulate entrepreneurship in Africa. Africa has over 40 currencies across 54 countries, each with varying levels of inflation and instability, making it difficult for entrepreneurs to grow their businesses within the continent and internationally.

Akoin will be the central currency of Akon City, a sustainable and eco-tourism smart city in Senegal, Africa. It will also be the primary digital payment solution and currency within the city, used for paying utility bills and employees in hospitals and supermarkets.

Akoin is designed to be a common medium of transfer between Africa's 54 countries, allowing citizens and entrepreneurs to engage with the digital economy using only a mobile phone. The Akoin Utility Token is available within the Akoin Multi-Currency wallet, which allows users to trade among partnered cryptocurrencies internally without the major hurdles and fees often found with exchanges.

The Akoin marketplace aims to be the market leader for DApp/App-based services in lean economies such as Africa. It will provide a suite of cutting-edge decentralized applications (DApps) to benefit entrepreneurs in Africa and globally.

Akoin's value is derived from its ability to provide a stable and trusted currency alternative for entrepreneurs in Africa, stimulating entrepreneurship and economic growth in the region. The confidence in Akoin comes from its backing by a popular artist and humanitarian, Akon, who has a vision for the future of Africa.

Akoin's distribution and supply

Akoin (AKN) is a Stellar-based cryptocurrency designed to fuel rising entrepreneurs in Africa and beyond. It aims to be the common medium of transfer between Africa's 54 countries, each with its own volatile currency.

Akoin's utility token will be available within the Akoin Multi-Currency wallet for exchange between all DApp/App offerings and within the local market, including prepaid minute conversion, direct service payments, and conversion into local currency.

The Akoin Multi-Currency Wallet is the native Akoin wallet that allows users to trade among partnered cryptocurrencies internally without the major hurdles and fees often found with exchanges. This exchange is enabled through a proprietary and private Atomic Swap technology that makes direct transfers with all major cryptocurrencies and partners' alt currencies possible without going through a major exchange.

According to the whitepaper, only 10% of Akoin tokens will be distributed via an initial exchange offering (IEO). The remaining 90% of the supply will be distributed among advisors (5%), the team and foundation (10% each), the Akoin Wallet Retail Exchange (15%), and the treasury (20%). The remaining 30% of the supply will be placed in Akoin's escrow fund, with 2% released each month for 48 months.

The total supply is planned to be released over four years, but this is subject to change based on the needs and growth of the Akoin ecosystem.

Akoin's fees and transactions

Akoin is a Stellar-based cryptocurrency designed to fuel rising entrepreneurs in Africa and beyond. It is a utility token that powers "atomic swaps" between cryptocurrencies, fiat currencies, and mobile phone credits on the Akoin network. The Akoin Multi-Currency Wallet is the native Akoin wallet that allows users to trade among partnered cryptocurrencies internally without facing major fees often found with exchanges. This exchange is enabled through a proprietary and private Atomic Swap technology that makes direct transfers with all major cryptocurrencies and partners' alt currencies possible without going through a major exchange.

The Akoin whitepaper notes that private transactions "processed on the Akoin ecosystem" incur a fee of 2.5%. The token is also used to pay for fees for listing applications, transaction fees, fees for advertising on the platform, and as a means of exchange across the network.

The Akoin Multi-Currency Wallet offers a seamless exchange between partnered cryptocurrencies without the high fees typically associated with traditional exchanges. This feature, coupled with the ability to directly transfer major cryptocurrencies and partners' alt currencies, makes the Akoin wallet a cost-effective solution for users looking to invest in AKN and explore the decentralized applications (DApps) within the Akoin ecosystem.

The Akoin marketplace aims to be the market leader for DApp/App-based services in lean economies such as Africa. By leveraging blockchain technology, Akoin seeks to unlock the potential of the world's largest growing workforce, empowering entrepreneurs to build and grow their businesses in a challenging economic landscape.

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