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Report: R&B Artist Akon Denies Claims His Crypto City Dream Is Crumbling

  • Ralph Smith
  • 27/12/2022
  • 2 minute read
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Senegalese-American artist Akon His so-called token of appreciation (TOA) that will be refunded for donations. To back up this promise, the singer reportedly claimed he was even willing to do a “world tour just to pay them all back.” However, Akon admitted in an interview, “We should have had more stuff in store before we started promoting it.” Ready Singer

Rhythm and Blues (R&B) singer and music producer Akon was awaiting a refund from his Token of Appreciation (TOA) campaign. The Senegalese-American artist told TOA holders that he was prepared to use his funds to ensure that this promise was kept.

“I am serious. We will do a world tour just to give it all back,” the winning artist was quoted as saying. I was. Not only was TOA the predecessor of his akoin cryptocurrency, but he also reportedly gave backers the opportunity to acquire cryptocurrency. However, after waiting over two years, some early backers have lost faith and are now seeking refunds. However, Akon said in a interview with the BBC that his ambitious but long-delayed mega-construction project, Akon City, was still on track. increase. As reported by Bitcoin.com News, construction of the singer’s “futuristic cryptocurrency-themed city” was set to begin in late 2020.

Akon’s team has revealed that early stages, including the construction of hotels, schools, waste facilities and solar power plants, will be completed by the end of his 2023. However, according to a BBC report, the site is part of Akon’s megacity, which is now a goat pasture.

Akon City’s dream is still alive

In an interview, blaming his Covid-19 pandemic for causing the delay, Akon said, ” I had to put a lot more things in order before I could promote it.” Nonetheless, the singer is adamant that his project “co-signed by the current [Senegalese] president” is still alive. “I plan to retire. I don’t like to use the term king of the city. But it will be the result,” Akon was quoted as saying.

During an interview, the R&B singer addresses investor concerns about the legality of using cryptocurrencies in jurisdictions regulated by the Central Bank of West Africa (BCEAO) I was asked to He said.

We want to ensure that our involvement in virtual currency within our cities is in line with all rules and regulations.

As explained in a BBC report, BCEAO not only warned of the dangers of using cryptocurrencies, but reportedly called them illegal.

On the other hand, when asked whether cryptocurrency accoin would still be the preferred medium of exchange in the supposed city, Akon said, “By the time the city is up, it’s certainly

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Image Credits: Shutterstock, Pixabay, Wiki Commons, miguelca / Shutterstock.com

Ralph Smith

Cryptocurrency geek. Met with Bitcoin and altcoins back in 2011, when the price of BTC was about 10$. Writing articles since 2014 to these days.

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