Report: R&B Artist Akon Denies Claiming His Crypto City Dream Is Falling Apart

Senegalese-American artist, Akon, reportedly reassured attendees in his so-called Token of Appreciation (TOA) that they would be reimbursed for donations. To support this promise, the singer would have claimed that he was even ready to do “a world tour just to pay them all back”. Akon, however, conceded in an interview that he should have “put more things in place before promoting it. [Akon City].”

Singer ready to take a world tour for token holders

Rhythm and blues (R&B) singer and music producer Akon has reportedly promised to refund disillusioned fans who have been waiting for refunds from his Thank You (TOA) campaign. The Senegalese-American artist also told TOA holders that he was prepared to use his own funds to see that promise fulfilled.

“I’m dead serious. I’d do a world tour just to pay them all back,” the award-winning artist reportedly said.

Launched in 2019, Akon’s TOA was handed over to its first backers. The TOA was not only a precursor to the akoin cryptocurrency, but it also allegedly 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.

Although he apparently acknowledged that some supporters had lost faith in the project, Akon suggested during a maintenance with the BBC that its ambitious but much-delayed mega-build project – Akon City – is still on track. As reported Per News, construction on the initial phase of the singer’s “futuristic cryptocurrency-themed city” was scheduled to begin in the second half of 2020.

Following the announcement of the multi-billion dollar project announced by the singer, Akon’s team revealed that the initial phase, which included the construction of hotels, a school, a landfill and a a solar power plant, would be completed by the end of 2023. However, according to the BBC report, the Akon megalopolis site has now become a pasture for goats.

Akon City Dream still alive

During the interview, Akon – who blames the Covid-19 pandemic for causing the delay – admitted he should have ‘have put more things in place before promoting it’. The singer is nevertheless adamant that his project, which was “co-signed by the current [Senegalese] president” is still alive.

“I intend to retire in this city. I don’t like to use the word king of town. But it will,” Akon reportedly said.

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

I want to make sure that however we involve crypto in the city, it aligns with all the rules and regulations.

As explained in the BBC report, the BCEAO not only warned of the dangers of using crypto, but allegedly called it illegal.

Meanwhile, when asked if the akoin cryptocurrency is still the preferred medium of exchange in the envisioned city, Akon promised to have that “discovered by the time the city is up, that’s safe”.

Register your email here to receive a weekly African news update delivered to your inbox:

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic problems of some African countries as well as how digital currencies can provide Africans with an escape route.

Image credits: Shutterstock, Pixabay, Wiki Commons, miguelca /

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. 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.

#Report #Artist #Akon #Denies #Claiming #Crypto #City #Dream #Falling #Crypto

Related Articles

Back to top button