What Is Akoin (AKN)?

Akoin (AKN) is a cryptocurrency powered by a blockchain-based ecosystem of services and tools for entrepreneurs in economies of Africa and beyond. The Akoin ecosystem of decentralized applications (dApps) builds economic and entrepreneurship possibilities. Users are able to make a transition in and out of the ecosystem by changing traditional currency into cryptocurrency. Akoin's mission is to open the option for a workforce by creating earning, learning, and saving opportunities across Africa and other lean economies.

As per the whitepaper, young entrepreneurs in Africa are facing real hardships in creating and building businesses. Unfortunately, these problems have hampered sustained development for too long. Africa has multiple currencies across many countries, each struggling with inflation and instability. Inflation and stability make growing a business within the continent and internationally complex. These problems create massive roadblocks for entrepreneurs who want to learn, earn, and save. Akoin includes a digital suite of business building tools and services to connect the people of Africa with a world ready to fuel entrepreneurial dreams. The dreams include unparalleled access for global brands seeking access to an untapped and unrivaled rising economy.

The Akoin foundation encourages the Akoin mission through its digital and on-the-ground programs. The organization empowers entrepreneurs in Africa through educational programs, investment, and business incubation initiatives. The foundation also invests in dApps that joins the ecosystem to ensure Akoin maintains its utility for the end-user. In addition, the Akoin multi-currency wallet enables people to trade interchangeably without traditional currency exchanges' major hurdles or fees.

The Akoin utility token (AKN) is the currency of the Akoin ecosystem. A proprietary atomic swap technology enables direct trade between major cryptocurrencies and traditional currencies, both on the platform and in the local market.

History of Akoin

The founder of Akoin is Akon, who is a multi-platinum selling artist, producer, entrepreneur, and philanthropist. Akon is an integral figure in humanitarian efforts focused on bringing reliability and opportunities to Africa.