Akon City – 10 things to know about Akon’s the Cryptocurrency city.
In year 2018, International multi-award wining artist and producer, Akon, announced the Akon City project, which will be a futuristic smart city, with location in Senegal, Africa. The first phase of construction of this real life Wakanda city was scheduled to kick start in 2021. Though work is yet to begin, today we bring to you facts you need to know about the futuristic crypto city, and what to expect.
The Wakanda-like city is valued at $6 billion, or about 80% of Senegal’s state budget for 2020. Akon said 20% of the required investment is already available. The project is being implemented by the Senegalese government, US company, KE International in collaboration with Bakri & Associates Development Consultants, which designed the city.
Construction Time frame
Original plans for the city were announced in 2018 with an estimated lifespan of 10 years. The project has been grouped in three phases, with the first phase of construction to begin in the first quarter of 2021 and completed in 2023. This first phase will include, construction of roads, a campus, a hospital, a mall, residences, hotels, a police station, a school, a landfill for waste, and a solar plant to power the city with.
It’s own Crypto currency
Residents of the new city will use an app-based cryptocurrency called, “AKoin”, to build the city’s economy. Mentioning the digital currency for the first time in 2018, Akon said citizens of the city could “utilize it in ways where they can advance themselves and grow the city.
Full support of Senegalese Government
The project has the blessing of the Senegalese government and its president, Macky Sall, who gifted Akon 2,000 square acres of land for his planned city and is supporting him in his plan to construct the new city.
First of it’s kind in Africa
Akon has previously said that he hopes the city in Senegal will be the first of many that use cryptocurrency in Africa. Well, when the project is completed, it might be the first complete crypto City in Africa and in the world. According to Akon, “If the Crypto currency plan works, he will scale it out to all the other countries in Africa so as to connect all the cities”.
Completely Solar powered
The city is expected to be solar-powered and sustainable without requiring assistance from an electricity grid. Akon owns and runs the franchise, “Akon Lighting Africa”, which provides solar power to African countries, so he could leverage his company’s expertise to make solar power a major drawcard for his futuristic city.
As a green city relying on renewable energy, “Akon City” is expected to become Senegal’s first Leadership in Energy and Environmental Design (LEED)-certified city. The certification system, developed by the U.S. Green Building Council, encourages the construction of energy and resource-efficient buildings that are healthy to live in.
A ‘real-life Wakanda’
The futuristic city’s website describes it as a “real-life Wakanda“, comparing it to the hi-tech fictional African country which was home to Marvel superhero, “Black Panther” in the award-winning movie of the same name. In the movie, Wakanda combines lush river valleys and mountain ranges with towering skyscrapers and state-of-the-art tech.
World class Universities and a stadium
The new city, which will reportedly be a short drive from the Senegalese capital of Dakar, is expected to include homes, shops, parks, world class universities, schools, and a world class stadium.
Africa’s tourism center
Once completed, the futuristic city will become Africa’s tourism center. It will have its own airport for residents and tourists to fly in and out of. Those wanting to visit Akon’s city will, therefore, be able to fly there and experience the city for themselves. On a Twitter and Instagram post, Akon announced that he is “Looking forward to hosting you there in the future.”
In a press conference, the singer mentioned that the project is geared towards stimulating the local economy and creating much-needed jobs for the Senegalese. He also envisions that the city will serve as a “home back home” for Black Americans and other members of the African Diaspora facing racial injustice.