In this cryptocurrency news pick of the day, we look at rapper Akon who is planning to create his own cryptocurrency called Akoin. This cryptocurrency will be used in ‘Akon crypto city’ in Senegal, a 2000-acre piece of land gifted to Akon by the President of Senegal. Akoin will be at the centre of transactions in the new Akon crypto city. It is the first instance where a brand identity has been tokenised. The rapper has also said that he may run for the US Presidential Elections in 2020, aka John McAfee.
(Image credit: Wikimedia Commons)