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Possible reasons Why the Akoin “real life wakanda” project is facing stagnation

Back in June 2018, around the time when the Cannes Lions International Festival of Creativity was taking place in Senegal, one of Africa’s most beautiful countries, the legendary music and rap star Akon, announced his intention to lunch what he termed a “smart city” in his Country of birth, Senegal. Akon even went further to brand the project a “real life Wakanda”, stirring up cryptocurrency fans around the globe. In Akon’s announcement in June, he disclosed that the “Akoin” digital currency is set to be launched in two weeks time. However, seven months later, the coin is still yet to see the light of day. While the smart city/akoin is not up and running, it can be verified that the Akoin project is still in its foundational process, but what is the cause of the delay that is taking the “real life Wakanda” more than half a year to be brought into reality? The Structure of Cryptocurrency in Senegal Surprisingly, this is not a case of friction between the Senegalese government and cryptocurrency, in fact, the Senegalese government is one out of the very few in Africa that has fully embraced the innovation and technological breakthrough of cryptocurrency. Not only did the president of Senegal Macky Sall, gift Akon 2,000 acres of land for the Akoin project, but the Senegal government had also recently undergone a partnership between Banque Regionale de Marches (BRM) to launch a national digital currency dubbed “eCFA”. With the government’s multiple involvements in cryptocurrency, it is certain that the Akoin project is not facing any hindrance from the Senegalese government. The mighty “real life” Wakanda Project Meanwhile, in-depth research reveals that the delay of the Akoin project may be solely tied to the intensity of the project structure. This is evident in the fact that Akoin is not only a digital currency, but is intended to fuel a Smart city, one that Akon says will create schools, parks, and even hospitals. Seeing that the technology will require a handful of technicians, the project has taken a rather calculative process as it partners with Lottery.com in aims of attracting as many investors as possible. While this is already slowing down the project’s movement, the Akoin project is already showing signs of what Akon says will be “the savior for Africa”. The post Possible reasons Why the Akoin “real life wakanda” project is facing stagnation appeared first on ZyCrypto.

Akon’s Crypto Project Akoin And Lottery.com Global Impact Platform Partner To Reach Millions Of Users

Lottery.com is working in order to develop a global impact platform that aims to raise funds through the gamification of donation online. In a new blog post uploaded on September 10, the company announced that it is developing a Global Impact Platform, which will work in order to address philanthropy issues in a completely new and unprecedented way. The platform will be incorporating impact raffles, sweepstakes and other known games worldwide. This would allow the company to gamify the process of charitable giving. With it, Lottery.com would be able to raise billions of dollars and help the world solve urgent humanitarian challenges. Tony DiMatteo, Lottery.com CEO, said on the matter: “Our vision is to raise billions of dollars to help sole the most pressing humanitarian needs across the globe using impact raffles, sweepstakes, and other games of chance.” At the moment, the platform will target users that play games of chance and other traditional donors. The company is not only trying to gather funds for charitable projects, but it is also working to raise awareness for humanitarian causes. Tony DiMatteo and Lottery.com’s co-founder, Matt Clemenson, want to have a positive impact on how the world evolves. In this way, the company works as a ‘social good company’ that aims to leverage its expertise and new technologies and have a positive impact around the world. Akoin’s Partenrship With Lottery.com Akoin has decided to sign a partnership with Lottery.com in order to enhance their activities. The company aims to empower young entrepreneurs using digital platforms that give entrepreneurs tools to stimulate micro-exchanges and financial stability. Both companies will be collaborating closely with each other to fulfill their goals. In Africa, for example, entrepreneurs have high entry barriers. It is not easy to access to funding, mobile phones and computers as it is in other countries. Lottery.com is able to have a positive impact in the space distributing wealth at scale. Additionally, it is possible to expose social entrepreneurs to opportunity much faster than what traditional fundraising models allow. Akon wrote in a press release: “I’m proud to announce Lottery.com as Akoin’s first official partner. They bring a combination of technology and experience that’s incredibly rare. And this, together with their passion for emerging entrepreneurs, is going to be critical to the success of Akoin, supporting young people around the world.” Akon added that the company is able to provide immediate access to real resources such as training and business capitalization. With it, it is possible to help entrepreneurs work on other businesses. Matt Clemenson, Lottery.com president said that one of the core values at Lottery.com is ‘Everyone is an Entrepreneur.’
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Akoin is an investment in the “future of Africa”, says Akon; predicts dollar to be a digital currency

Aliaume Damala Badara Akon Thiam, more popularly known as Akon, recently appeared on Revolt TV’s Drink Champs podcast to speak about cryptocurrencies and the crypto-market. He also took the opportunity to offer his opinions on what cryptocurrencies were, thus enlightening the hosts on what cryptocurrencies were. When they stated that they did not know what cryptocurrencies were, Akon replied that “nobody” knew, offering a comparison to stocks. He called it “no different to the stock market”, stating that investors buy shares of companies that are “more trusted”. He stated: “It’s a little bit different but it’s almost the same concept the way I understand it. I’m still learning a lot about it myself. The more I get into it the more start to understand it.” The rapper is famous for launching a coin known as Akoin, which is aimed at building the future of Africa. Due to the large percentage of unbanked population in the continent, the move of introducing a cryptocurrency there would advance the financial infrastructure of the country. The ecosystem of the Akoin aims to bridge the gap that is present in the underdeveloped parts of Africa between digital and face-to-face platforms. The coin will allow users to spend the cryptocurrency and provides cryptocurrency and entrepreneurial lessons to young businessmen in the country. Akon also spoke about the coin on the podcast. He stated: “What you are investing in is the future of Africa when you invest in Akoin. Akoin is set up to empower the entrepreneurs.” On the economics behind cryptocurrency, Akon clarified that it was indeed backed by nothing. He went on to say: “The thing is crypto ain’t really backed by nothing. Bitcoin ain’t backed by anything. It’s the network is back by the popularity and the trust factor. You can trust to know that if you buy a Bitcoin is worth a certain amount of money. That’s any currency; it’s whatever the people say it’s worth.” Many who are part of the cryptocurrency boom are a part of it because they believe that it was the evolution of money. Akon also echoed this thought, stating that it was going to be “future in currency”. He further illustrated this point by providing an analogy to the evolution of music media from 8-track tapes to vinyl to CDs and MP3s and streaming music. He stated: “When you look at currency you went stagecoaches you know to like literally trading whatever you can trade. Cattle, to trading gold, to actually creating something that gold can be compared to and that’s what the actual dollar is today, and someday the dollar is going to turn into something digital. Dollar’s analogue, your credit card is digital, but crypto is money. From now, crypto is going to be the next currency.” The post Akoin is an investment in the “future of Africa”, says Akon; predicts dollar to be a digital currency appeared first on AMBCrypto.

Akon’s Akoin Crypto Project Highlights How Emerging Economies Can Benefit from Blockchain

Benefits Of Cryptocurrencies To Emerging Economies Developing countries face a myriad of problems such as high unemployment levels, high cost of living, poor infrastructure as well as political instability. However, the launching of cryptocurrencies into the global financial markets may be the what these emerging economies need in order to explore and achieve their full potential. Some of the advantages of adoption of cryptocurrencies by these developing countries include: Low Costs Of International Money Transfer When it comes to emerging economies, money is actively coming in and out of a country’s borders. Each day, thousands of transactions are carried out and a lot of fees is charged for these international payments. However, the use of cryptocurrencies reduces this cost since it allows peer to peer transactions which eliminate the need for banks who charge very high fees. Increased Financial Inclusion A lot of the population in emerging economies remain unbanked and can’t take advantage of the financial solutions out there. Cryptocurrencies opens up this population to a whole new financial world which in turn spurs growth. Using blockchain technology to open digital wallets provides accessible financial solutions to individuals who are not in a position to open bank accounts. Freedom From Government Manipulated Currencies Political instability is a major challenge in developing countries and with it comes inflation which has been a major challenge. For example, Venezuela is grappling with hyperinflation to the detriment of its citizens. As much as cryptocurrencies may not be stable, there’s a new crop of cryptos referred to a ‘stable coins’ whose value is pegged on actual assets. By adopting such coins, a country is cushioned from currency manipulation by government or outsiders. Fundraising Medium Blockchain technology has provided a more transparent and accessible way of bussing entrepreneurs to raise capital. Through ICOs , people in developing countries can quickly raise funds to fund their ventures on a global scale. Cryptocurrencies have reduced the barriers of entry into viable economic ventures. Entrepreneurs in developing countries can now build their visions in a simple and digital manner. There’s no denying that cryptocurrencies offer hope to emerging economies and it’s highly advisable for people in these economies to take advantage of the limitless opportunities that blockchain technology offers.
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Akoin Cryptocurrency Project From Akon Looks To Make Real Impact For Africa

Cryptocurrency has long been a source of contribution to stopping the world’s constant drama. For example, the Pineapple Fund donated some $55 million in BTC to several different charities. One of the foundations who received money was focused around providing water to those in poverty. Cryptocurrency is designed to improve the financial problems of the world by given stable currency to countries who don’t already have it. There are still a lot of countries who don’t have banking systems in place, which is where cryptocurrency fits in. People who are cryptocurrency owners already tend to have their toes dipped into the water of several different financial arenas. A majority of them are men who live in the United States and Canada. As for AKOIN, the token was created by the North American Musician who wanted to build his own city/state in Senegal. The project has jumped to more than narrow personal ambition, instead of inspiring several entrepreneurs of Africa to do businesses across the continent of Africa. The important part to note is how Akon’s decision sparked a movement to create new opportunities. However, with the scams associated with the cryptocurrency, there is a lot of negativity surrounding Akoin. It’s not too late for the platform to run around, however, and to provide Africans with a stable monetary system that can be accessed without the need for a traditional banking system. Akoin is making moves to grow by partnering with other companies like BitMinutes and Butterfly. There’s no hiding the fact that the continent of Arica has faced significant setbacks in the past because of corruption. Akoin hopes to create a stable currency that is not susceptible to corruption and will in turn, help new markets in Africa. Transparency is the secret to doing the token work; people are sick of the hardships in the country. There is still a long hard journey for the cryptocurrency, however, who needs to work on their current roadmap. With the new launch of the token, cryptocurrency has a chance of gaining some real traction in Africa. Akoin is inspired by the Marvel movie Blackpanther, even calling the community its built around Wacoinda. They are also looking to move beyond Senegal into other countries like Nigeria and Ghana. One thing the team must work on is fixing the damages caused to the token by its first frustrating launch. But with the help of Akon who is working hard to see the project through to the end, Akoin still has the potential to be a significant cryptocurrency player, possibly even the largest one in Africa.
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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.

Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin https://boxmining.com/tether-to-issue-rmb-cnht-stable-coin-rumor/ https://www.asiacryptotoday.com/tether-to-make-a-chinese-rmb-pegged-token-called-cnht https://cointelegraph.com/news/ukraine-crypto-miners-arrested-for-compromising-nuclear-plant-security https://www.coindesk.com/bitcoin-miners-halt-operations-as-rainstorm-triggers-fatal-mudslide-in-china 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: https://www.youtube.com/c/boxmining 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Enjin Wallet: http://boxmining.co/enjin 👍🏻Unstoppable Domain: http://boxmining.co/unstoppable 📲Binance Exchange : http://boxmining.co/binance #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: https://t.me/Boxdatamining Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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