Essay Example on Akon City: A Commemorative Crypto Town

The root word of commemorative is commemorated - 'call of remembrance,' 'bring to remembrance.' Prefix for the word is 'com-.' Definition of commemorative - act as a memorial of a person or event. An object such as coin or stamp made to honor a person or an event.

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Senegal is planning to establish a cryptocurrency city in honor of Akon. The town, which is dubbed 'Akon City', is a sustainable tourism center that will be running on Akoin. Akon, whose real name is Thiam Aliaune, first disclosed his plans of establishing a futuristic city in July 2018. President Sall Macky gave the singer 1,500 acres of land for setting up of the futuristic, promising City.

However, it was not until recently this year that the singer took to his Instagram and posted a photo of himself holding the finalized contract. According to the report by Jakarta Post, Akon struck a deal with Senegal's tourism company and agreed to work together in creating a sustainable tourism industry.

In an interview with Cannon Nick, Akon explained the missions and goals of his City. The construction of the City has already started, and it will take about ten years to complete it. He called up potential investors to fund his project in a bid to accelerate its completion. 'you have a lump sum of money lying idle in the banks, while we have all these Senegalese people struggling and suffering, you can't be serious.' However, it is not the first time the singer is deviling into the global philanthropic mission; he is the pioneering founder of the 'Akon Lighting Africa Initiative.' The program aims to provide access to electricity to those people in Africa who cannot afford it.

Akon's cryptocurrency is hoped to be of use in developing the African economy. For instance, the cryptocurrency will be of importance in the countries where government corruption and inflation have been disruptive to the local currency. Primarily the Akon City will exclusively run on the cryptocurrency. In his statement, Akon disclosed to the media that he intends his Akoin City to be 100 percent crypto-based town.

The City will have the Akoin as the epicenter of transactional life. He dubbed the City as the 'living dream of Wakanda.' The musician, who disclosed previously to the media that he is planning to run for President of the United States, told the press that the Akon City would all be a renewable mega town with Ako-entertainment solar-paneled City. He confirmed to the media that the City would be a real physical area with a well-established airport.

The City is planned to be a ten-year building block and thus will be constructed in stages. The construction of the City started in May 2019, and the two phases of the City will be completed by 2025.

The Akon city will be constructed in Senegal (the birthplace of Akon, and it will take billions of dollars to accomplish it. The musician, who is also the owner of two recording studio labels on top of running his charities, (Akon Africa Entertainment), said that if one has to label himself a billionaire, should undertake something worthy of the general public importance. 'I have no idea of myself being a billionaire.

I think it is kind of weird to refer to yourself as a billionaire. You have nothing to show to the people. It makes me mad.' 'When I travel to places, I see many exciting things that happen. I see many vulnerable, weak, and feeble people who are crying out for assistance, but no one can help them. The world has so many things that need to resolve, but few people are ready to take these challenges. What is it worth if you have millions of dollars kept in your bank with all these children suffering on the streets? It is just crazy,' Akon said. 'Go out to the world and help people. It is not worthy of being honored as a billionaire with so many people suffering'. Akon confirmed to Cannon that he was planning to engage in 'impact business' and that he intended to build a legacy for himself. Akon made it clear that the Akoin City will be constructed in 250 acres of land. The City will be about a ten-minute drive to the airport, which is near Dakar. Akon said that he was hopeful that Akoin City would be a world-class city. He added that he was most excited about his project.

According to a report by Page Six, Akon has been talking about the business related to cryptocurrency and Akoin. He argued that crypto and blockchain are the biggest saviors of the African continent. Akon was responding to a technical question regarding the blockchain and cryptocurrency. 'I have come up with a technical concept, of which, if implemented, will transform the African continent. Blockchain is the future of currency, and Africa should not be left behind in this revolutionary pace of technology. I have devised an idea; it is now upon the geeks to come up with a plan to implement it.'

Conclusion

According to another report by the Arabian Business, Akon is said to have attended the Sharjah Entrepreneurship Festival, where he attacked and criticized other musicians and celebrities for what he termed as weak thought out move about cryptocurrency. He said, 'I think that a lot of musicians and those who describe themselves as entertainers have been preoccupied with the waves and the cryptocurrency hype. However, they fail to understand what it is or what it was, and I believe most of these celebrities have been caught up into the maze of business companies that were either scam or eventually folded'. Akon believes that the City he intends to put up with being of benefit to thousands of people in his homeland and African in general.