Everyone one is talking about crypto currency and exchange rate, but have you ever thought about a city that can generate this coins and exchange them as a market.
The cryptocurrency Akoin, which is owned by Grammy award-winning singer Akon, has been found to have been launched in the advanced region of West Kenya in Africa, the Mwale Medical and Technology City (MMTC). Akoin (AKN) is issued in stable coin format using the Stella chain.
MMTC is a $ 2 billion-funded community-owned collection featuring advanced healthcare and technology. The virtual currency Akoin will be commissioned prior to the crypto-urbanization plan "Akon City" that Mr. Akon is promoting in his native Senegal.
According to the construction plan, the city's infrastructure will be completed by 2023, and the city plan will be implemented from 2024 to 2029, which will be completed by the digital currency ecosystem.
Residents of MMTC can also use Akoin in their daily lives and receive a salary. In the future, it plans to introduce new services such as a merchant service that exchanges Akoin with other virtual currencies and makes payments, and an Akoin debit card.
The population of MMTC is about 35,000. Pilots will be invited, but more than 30,000 transactions are expected each month. By mid-2021, the scope of use of Akoin will be expanded to employees and merchants (individuals and companies that sell products and provide services) working at the Hamptons Hospital of MMTC, increasing to 1.5 million transactions per month.
Captivatingly, it is of no doub that "MMTC's introduction of Akoin sets the stage for millions of people to join the formal economic zone. It's an important step towards economic growth.".
Akoin is newly listed on the global exchange Bittrex on the 6th. Provided a trading pair of AKN / BTC and AKN / USDT.