{"id":15881,"date":"2022-12-27T07:47:20","date_gmt":"2022-12-27T07:47:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/rb-artist-akon-denies-claims-his-crypto-city-dream-is-crumbling-africa-bitcoin-news\/"},"modified":"2022-12-27T07:47:20","modified_gmt":"2022-12-27T07:47:20","slug":"rb-artist-akon-denies-claims-his-crypto-city-dream-is-crumbling-africa-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/rb-artist-akon-denies-claims-his-crypto-city-dream-is-crumbling-africa-bitcoin-news\/","title":{"rendered":"R&B Artist Akon Denies Claims His Crypto City Dream Is Crumbling \u2013 Africa Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

Senegalese-American artist, Akon, reportedly reassured participants in his so-called token of appreciation (TOA) that they will be reimbursed for donations. To back this promise, the singer reportedly claimed he is even willing to do \u201ca world tour just to pay them all back.\u201d Akon, however, conceded during an interview that he should \u201chave gotten more things in place before promoting it [Akon City].\u201d<\/strong><\/p>\n

Singer Ready to Do a World Tour for Token Holders<\/h2>\n

Rhythm and blues (R&B) singer and music producer, Akon, reportedly promised to reimburse disillusioned supporters who have been waiting for refunds from his token of appreciation (TOA) campaign. The Senegalese-American artist also told TOA holders that he is prepared to use his own funds to ensure this promise is honored.<\/p>\n

\u201cI\u2019m dead serious. I would do a world tour just to pay them all back,\u201d the award-winning artist reportedly said.<\/p>\n

Launched in 2019, Akon\u2019s TOA was given to his early financial backers. The TOA was not only a precursor to the akoin cryptocurrency but it also reportedly gave supporters an opportunity to acquire the crypto. However, after more than two years of waiting, some early backers have lost faith and are now asking for refunds.<\/p>\n

Although he seemingly acknowledged that some supporters have lost faith in the project, Akon suggested during an interview<\/a> with the BBC that his ambitious but much-delayed mega-construction project \u2014 Akon City \u2014 is still on track. As reported<\/a> by Bitcoin.com News, construction of the initial phase of the singer\u2019s \u201cfuturistic cryptocurrency-themed city\u201d was expected to commence sometime in the second half of 2020.<\/p>\n

Following the announcement of the singer\u2019s reported multibillion-dollar project, Akon\u2019s team revealed that the initial phase, which included the construction of hotels, a school, a waste facility, and a solar power plant, would be complete by the end of 2023. However, according to the BBC report, the site of Akon\u2019s mega city has now become grazing land for goats.<\/p>\n

Akon City Dream Still Alive<\/h2>\n

During the interview, Akon \u2014 who blames the Covid-19 pandemic for causing the delay \u2014 conceded that he should \u201chave gotten more things in place before promoting it.\u201d The singer is nevertheless adamant that his project, which has been \u201cco-signed by the current [Senegalese] president\u201d is still alive.<\/p>\n

\u201cI plan to retire in that city. I don\u2019t like to use the word the king of the city. But that\u2019s what it will turn out to be,\u201d Akon reportedly said.<\/p>\n

During the interview, the R&B singer was also asked to respond to investor concerns about the legality of using a cryptocurrency in a jurisdiction regulated by the Central Bank of West African States (BCEAO). He said.<\/p>\n

\n

I want to make sure that however we involve crypto within the city is in a way that it lines up with all the rules and regulations.<\/p>\n<\/blockquote>\n

As explained in the BBC report, the BCEAO has not only warned of the dangers of using crypto but has reportedly called it illegal.<\/p>\n

Meanwhile, when asked if the akoin cryptocurrency is still the preferred medium of exchange in the envisaged city, Akon promised to have this \u201cfigured out by the time the city\u2019s up, that\u2019s for sure.\u201d<\/p>\n

Register your email here to get a weekly update on African news sent to your inbox:<\/em><\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

\n
\n<\/div>\n
\n
\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

\n
\n
\n<\/a>
\n<\/span>
\n
\n
\n
\n<\/a>
\n<\/span>
\n
\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, miguelca \/ Shutterstock.com<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n