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Author Topic: Akon talks about bitcoin and his own coin  (Read 454 times)
romero121 (OP)
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September 06, 2019, 01:12:06 AM
Last edit: September 06, 2019, 02:16:57 AM by romero121
 #1

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM. That's really interesting to watch his interview where he gives clear answers with comparison to the dollar. Here's the link to the video https://youtu.be/HERTlVMd1QI

He's praised a king by African people. He has turned himself to be an entrepreneur, and he'll do good to Africa with cryptocurrency which might enrich the usage and adoption of bitcoin. Even now there is good acceptance for bitcoin in Africa, and what he has initiated through his own coin could make more popular people get into cryptocurrency network.
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September 06, 2019, 03:39:36 AM
Merited by ABCbits (1), Duzter (1)
 #2

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/

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September 06, 2019, 04:00:19 AM
 #3

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/
Agreed, already there were more coins based on personalities. Some even created by them as they're good at programming. There needs to be some use case that is unique to get good value to the project and the coin. Here the coin might get popularity as it is named based on his name, but when it comes to use case and growth it won't attract good investors choose it.

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September 06, 2019, 05:03:20 AM
 #4

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM. That's really interesting to watch his interview where he gives clear answers with comparison to the dollar. Here's the link to the video https://youtu.be/HERTlVMd1QI

He's praised a king by African people. He has turned himself to be an entrepreneur, and he'll do good to Africa with cryptocurrency which might enrich the usage and adoption of bitcoin. Even now there is good acceptance for bitcoin in Africa, and what he has initiated through his own coin could make more popular people get into cryptocurrency network.

I think he planned it long ago, I'm not saying it's good or bad but it's another free money creation on the internet by a celebrity, there are a lot of coins named after a celebrity, but they are not managed by a celebrity where they are named and they are all gone, Akon, if he wants to make it successful, should have a concept and can keep it up for long term, the competition is very hard compared two years ago
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September 06, 2019, 09:34:48 AM
 #5

Everyone wants to make their own cryptocurrency, but what's the point? If they don't invest enough in her she'll just drown
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September 06, 2019, 09:47:06 AM
 #6

Akon talks about bitcoin and educate others; very good
Akin intends to start his own coin; please don't do that.
Starting a coin because you like bitcoin no it's not what's going to support bitcoin. Entrepreneurs should cut cryptocurrency some slack. Don't start up a coin because you see the cash rewards it might get
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September 06, 2019, 03:04:42 PM
 #7

Everyone wants to make their own cryptocurrency, but what's the point? If they don't invest enough in her she'll just drown

It's mostly to make money off. Not that I'm judging Akon's technical knowledge, but my guess is that Akon doesn't have an idea that this "Akoin" thing is completely unnecessary, and what they're planning can work if not better with bitcoin and ethereum. Again, I'm guessing that they just branded this coin off Akon for publicity reasons.

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September 06, 2019, 03:26:21 PM
 #8

He's praised a king by African people.

What a load of...
Praise someone like a king... What is this, the middle ages?

I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name.

Actually that would really make him a bad person, putting his name on a project he doesn't have a clue what is about.
But, as you sid another useless coins that again tries to profit from the whole "let's help Africa" drama.
There is nothing this token can do better than BTC or LTC or even doge, and if their main objective was to build a platform for it they could have done this also with a current coin.

if he wants to make it successful, should have a concept and can keep it up for long term, the competition is very hard compared two years ago

Competition is hard? Maybe when it comes to raising money via stupid ICO, in reality when it comes to a real-life delivered functioning product the competition is actually zero.


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September 06, 2019, 03:40:45 PM
 #9

Actually that would really make him a bad person, putting his name on a project he doesn't have a clue what is about.

Well, true. But just to be more specific, another possibility is that this small team of developers were like "we're going to create a blockchain/platform for yadda yadda!", with them not informing Akon that there are already decent existing platforms to use right now; and of course Akon approves because of the "blockchain tech" "decentralized" and etc terminologies. If this is the case, this makes Akon really reckless for not asking for a second opinion towards the proposal, but I don't think I would necessarily call him a "bad person" for this.

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September 06, 2019, 03:48:32 PM
 #10

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/

unfortunately that has turned into a trend for a couple of years now. basically anybody who wants to make a ton of profit starts creating an unnecessary coin and makes money from that. they use excuses such as "helping the world" or solving some imaginary problem to do it too.
and they are going to keep doing it as long as it is profitable. if people stopped buying these useless coins, we would have never seen the altcoin count enter 4 digits let alone reach 3000!

There is a FOMO brewing...
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September 06, 2019, 03:54:50 PM
 #11

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM.
Akon is pro bitcoin for a very long time and he explained about the need of bitcoin and exposed the real face of paper currency, the fact is that not everyone think about paper currency as a promise to pay and it is not certain that it will have the same valuation and he very well termed everything in this interview and with time i am sure majority of the people will understand the concept and start using bitcoin and one thing i am certain is that another economic crisis will attract everyone into bitcoin Grin.
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September 06, 2019, 04:48:22 PM
 #12

Not that I'm against Akon or any of what he's doing but apparently this will just be another one of those coins that would be flooding the market without any solid use-case. He got me at the term "exclusive" meaning this is not, in any way, be those coins that will have the least form of charity towards some people and would be a straight-up profit-making machine for Akon and his followers.

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September 08, 2019, 05:23:34 PM
 #13

I have always clamored for the need of our entertainment industry to embrace cryptocurrency, there was a rumor one time that 50 cent did an advert during the time bitcoin was released and was paid about thousands of the coin which he kept, I don't now know if he has sold the coins or not, but if he had not sold it, I am sure it would have been some of the things that would encourage super stars like Akon and the rest to also pick interest.

Akon is the first musician I think that will openly declare his support for bitcoin, but I am surprised that he is coming up with his coin, and I hope that someone didn't just want to take advantage of that now to quickly create a fake coin, because people like to take advantage of thing a lot and Akon is too dear to people and too popular that scammers can easily raise money with his name.

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September 08, 2019, 05:32:39 PM
 #14

I think it's good he's talking about bitcoin, but akoin? hell no
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September 08, 2019, 06:24:11 PM
 #15

I dont trust celebrities promoting their own coin which is basically useless. They expect to get bigger adoption using the name of a famous person.
Celebrities who give them permission to do so dont care about the consequences as long as they get paid. 

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September 08, 2019, 06:26:02 PM
 #16

For people looking at this the bad way Akon as of the present is not known for his music anymore but for the charity and generosity he is giving towards Africa. One of his recent projects is he is planning to give electricity to 600 million Africans for their homes, and if "Akoin" is part of his plans to raise up funds and speed up the process then I think we need some time to think it into our considerations, unlike other celebrities or sports celebs like Pacquiao the crypotocurrency of Akon is planning to make has a point in helping and not about making himself much richer. With a good background on helping the poor in that continent and still has the desire to help again I think we shouldn't discredit him just because he is using his popularity to create his own cryptocurrency, I mean he's not like Zuckerberg creating a new crypto for profit after all.

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September 08, 2019, 06:48:46 PM
 #17

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/

unfortunately that has turned into a trend for a couple of years now. basically anybody who wants to make a ton of profit starts creating an unnecessary coin and makes money from that. they use excuses such as "helping the world" or solving some imaginary problem to do it too.
and they are going to keep doing it as long as it is profitable. if people stopped buying these useless coins, we would have never seen the altcoin count enter 4 digits let alone reach 3000!
I don't think it's going to be the trend much longer. It's only people who don't get it that the situation has changed significantly that are still trying to succeed by creating their own coin. The current tendency seems clear to me: Bitcoin is recovering, altcoins are dying. It's a greedy and also impractical move these days to make one's own token and rely on it. It makes more sense to adopt Bitcoin or at least one of the main cryptocurrencies. It's great if Akon is really trying to bring electricity to people, but I think that creating another token when there are already so many of them was a mistake.

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September 08, 2019, 10:13:05 PM
 #18

Adoption of Bitcoin among new people especially popular is great. However, for me, the most important thing is that people understand the real value of the coin, because many see bitcoin only as a way to make income on trading and no more
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September 08, 2019, 10:34:05 PM
 #19

I think that will be a good start up for Africa and crypto
Bitcoin is appreciated and known in Africa so the movement of cryptocurrency there is on the trend.

Akin intends to start his own coin; please don't do that.
Starting a coin because you like bitcoin no it's not what's going to support bitcoin. Entrepreneurs should cut cryptocurrency some slack. Don't start up a coin because you see the cash rewards it might get
He's already doing that and he's very much aware of bitcoin and knows what he's doing. As much as possible we don't want to see anymore of those personal named coins or another altcoin that will add to the crowd of alt coins so that everyone can focus to bitcoin.



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September 08, 2019, 10:54:50 PM
 #20

akon's engagement for africa is really nice to see, he's doing this for loooong looooong time now.
but i don't understand why he creates his own coin now? we have enough already, he could support an established one. i have read in the past that electroneum is also doing massive engagement to bring adaption of their coin to africa. so why not supporting this one instead of creating his own thing... Roll Eyes
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September 09, 2019, 02:19:41 AM
 #21

If Akon wanted to truly support Bitcoin or cryptocurrency for that matter, he should have just promoted it in a lot of ways. He could easily have opened a restaurant or studio or any business that accepts Bitcoin in African countries where it is legal. I know he is in charity, he could have promoted the acceptance of Bitcoin and altcoins as donations. He could have launched concerts around Africa and the rest of the world, allowing fans to purchase tickets and seats with Bitcoin and/or altcoins. He can do a lot of things with his influence.

However, the moment he created and promoted his own coin, he is already contributing to the growing pollution inside the crypto world.   

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September 09, 2019, 03:37:06 AM
 #22

On top of it, it's not even decentralized. How can they store all information of their complex ecosystem on blockchain?
You can even share multimedia file, education content, etc. which have very big size.

Eh. "Decentralized" is pretty much just a sort of "hype" word for new projects anyway that projects just throw around without thinking about it, along with other words like "transparent", "anonymous", cheap tx fees" and whatever. People think just because a certain project uses blockchain technology that it's automatically decentralized lul.

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September 09, 2019, 04:03:42 AM
 #23

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/
but lets think of the advantages it will give to the crypto
community, things like this can help a lot to make other and or
more people aware about bitcoin and others because they are
famous any many people idolize them so for me it still good for
the whole cryptocurrency.
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September 09, 2019, 05:16:51 AM
 #24

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/
but lets think of the advantages it will give to the crypto community, things like this can help a lot to make other and or more people aware about bitcoin and others because they are famous any many people idolize them so for me it still good for the whole cryptocurrency.
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September 09, 2019, 05:23:35 AM
 #25

Now I really wonder, if Akon really supports bitcoin like all these celebrities do, have their actions also backed up their words?

And by this I mean,,, have they used bitcoin other than to trade? Do they have their own private keys? Do they have their own shops accepting bitcoin? Maybe even they support with a node or two of their own? I doubt this.

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September 09, 2019, 05:28:49 AM
 #26

it would also get better if he can include bitcoin or cryptocurrencies thru his own songs just like what other rappers did on the past  .

 i think that is more effective  than only talking about crypto on an interview because songs can be aired online of offline repeatedly and whenever people hears the word cryptos, they will soon memorized it and get curious with it and result for trying it  .

 before i forgot i still thank bro akon with his love to btc
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September 09, 2019, 05:31:00 AM
 #27

It is good to hear that he is a pro crypto currency too but to make an another altcoin is another story and i'm against it because Altcoin market is crowded already and we will just make the investors to confuse and more divided so better if he will just support a certain Altcoin then invest to it.
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September 09, 2019, 05:31:22 AM
 #28

but lets think of the advantages it will give to the crypto
community, things like this can help a lot to make other and or
more people aware about bitcoin and others because they are
famous any many people idolize them so for me it still good for
the whole cryptocurrency.

Sure. But with that logic, you're pretty much indirectly saying that altcoin scams are fine because it will bring more people into bitcoin. While there's somehow a bit of truth there, they should've just simply advocated bitcoin or ether(if they really need smart contracts). Projects like this are just going to lose people money in the end unfortunately.

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September 09, 2019, 06:00:13 AM
 #29

A lot of talented artist knows that a singing career only last a few years, so they start building on other ventures while they are still popular, so that they can fall back on something when that career comes to an end. Akon is one of those artist that has a short shelf life and he is hoping his "Crypto" coin might help to secure his future.

Like many of these celebrity coins, it only last a week or two while it is hyped in the media and on social media platforms and then you hardly hear anything again.  Roll Eyes  - Shitcoin incoming...  Tongue

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September 09, 2019, 06:16:09 AM
 #30

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM. That's really interesting to watch his interview where he gives clear answers with comparison to the dollar. Here's the link to the video https://youtu.be/HERTlVMd1QI

He's praised a king by African people. He has turned himself to be an entrepreneur, and he'll do good to Africa with cryptocurrency which might enrich the usage and adoption of bitcoin. Even now there is good acceptance for bitcoin in Africa, and what he has initiated through his own coin could make more popular people get into cryptocurrency network.

If Akon were to create his own coin, he should follow suit with R & B singer Jason Derulo in GCOX. Of course, I love Akon's music until now. Good thing that he is a Bitcoin and cryptocurrency advocate, and I strongly believe that others will be following suit as well.

Like Electroneum for example, it was already accepted in South Africa for buying mobile load, etc. The power of Bitcoin and other cryptocurrencies lies on their blockchain and real use cases. Despite that other countries disapprove Bitcoin, they would eventually understand later on and may be left behind in the economy if they do not adopt or ride on with the others.

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September 09, 2019, 06:16:35 AM
 #31

A lot of talented artist knows that a singing career only last a few years, so they start building on other ventures while they are still popular, so that they can fall back on something when that career comes to an end. Akon is one of those artist that has a short shelf life and he is hoping his "Crypto" coin might help to secure his future.

Like many of these celebrity coins, it only last a week or two while it is hyped in the media and on social media platforms and then you hardly hear anything again.  Roll Eyes  - Shitcoin incoming...  Tongue

I'm sort of following this with some mild form of curious... not because I think Akon's a revolutionary crypto advocate (I'd be surprised if he even knows how to sign a message from a client heh, but hey, surprise me Akon!) but because of the support I'm seeing for him and his ideas... not only from a very large segment of the continent but from his own government (all that land just given to him).

His own project may never end up to truly mirror the principles of Bitcoin but you never know what it might serve as catalyst for!

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September 09, 2019, 08:23:23 AM
 #32

This is a good idea but for every artist to support bitcoin is also a big chance for more adoption asany who dont use or hear about it could easily get to know more thru them ,Akin is a great man from African and supporting this will give a brave chance to every country to adopt crypto over the USD which is centralized.

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September 09, 2019, 07:03:22 PM
 #33

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/
Agreed, already there were more coins based on personalities. Some even created by them as they're good at programming. There needs to be some use case that is unique to get good value to the project and the coin. Here the coin might get popularity as it is named based on his name, but when it comes to use case and growth it won't attract good investors choose it.
Only the noncoiner would go to this tokens we all know that those famous personalities token doesn't really have a use in the crypto society except for attracting new investors.
And those new investors would just end up eaten by the market due to lock of knowledge about what they bought.

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September 09, 2019, 11:17:34 PM
 #34

Even now there is good acceptance for bitcoin in Africa, and what he has initiated through his own coin could make more popular people get into cryptocurrency network.
If Akon really appreciate bitcoin why not use his platform and promote bitcoin, instead of planning to come up with his own shit coin  Roll Eyes. The best thing he can do is to start a company and come up with a user friendly interface that could help the people in Africa rather than coming up with his coin, hopefully someone would give him a great advice on how to make things better with bitcoin and not to create another worthless coin for god's sake.
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September 10, 2019, 10:50:18 AM
 #35

Actually the project can be interesting and I think they should be given a chance
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September 10, 2019, 11:43:12 AM
 #36

The popularity of someone can be use as advertising intrinsically and what have don't by Akon will end up of this scenario. I heard PAC token who made by Manny Pacquai and the token will be use to make easy for his fans to buy something who sold by him especially the accessories about him. Let see what was happened before Pac Man decide to make his coin, he said that he has interested to bitcoin and he has owned bitcoin. This is just advertising in my opinion, and I don't think his/their coin will long last in the marker and worth being invested since most people tend use cryptocurrency as their income.
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September 10, 2019, 12:27:21 PM
 #37

Alright, Akon has always supported Cryptocurrency and the bitcoin, but his idea of creating his own coin is what am not too comfortable about. He could either use the bitcoin to reach out or partner with one of the good altcoins already existing in the market place. With the way altcoins have been failing, it will be much better to support existing projects especially when one does not experience on how these works.
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September 10, 2019, 12:36:29 PM
 #38

Alright, Akon has always supported Cryptocurrency and the bitcoin, but his idea of creating his own coin is what am not too comfortable about. He could either use the bitcoin to reach out or partner with one of the good altcoins already existing in the market place. With the way altcoins have been failing, it will be much better to support existing projects especially when one does not experience on how these works.

He probably want to have more influence on the coin/economy that he's gonna make. And he's right about it.
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September 29, 2019, 04:35:26 PM
 #39

I might have to consider investing because it sounds interesting. I'm going to do more research thanks to this post, and maybe become a limbo owner thanks to one and only Akon. Cool
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September 29, 2019, 04:42:33 PM
 #40

Everyone wants to make their own cryptocurrency, but what's the point? If they don't invest enough in her she'll just drown

I think somehow, it is good that people talk about things like that, especially personalities. Personalities usually have huge followers in their different social media handles and those followers are likely to do what the personality do. So, at the long run, it will increase patronage but whether the coin will be in the market for long is another story for the future to determine.
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September 29, 2019, 05:08:02 PM
 #41

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/
Agree with you. I was feeling happy as I was reading through the post just when I read the line that Akon has created his coin.
All the happiness was gone because I knew that the coin won't be of any use for obvious reasons. Obviously Akon is a good person and I respect him for what he has done. But he could have simply used the existing coins instead of creating a new coin of no unique usecase.

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September 29, 2019, 05:38:15 PM
 #42

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM. That's really interesting to watch his interview where he gives clear answers with comparison to the dollar. Here's the link to the video https://youtu.be/HERTlVMd1QI

He's praised a king by African people. He has turned himself to be an entrepreneur, and he'll do good to Africa with cryptocurrency which might enrich the usage and adoption of bitcoin. Even now there is good acceptance for bitcoin in Africa, and what he has initiated through his own coin could make more popular people get into cryptocurrency network.
As of now, there are much higher number, hundreds and thousands of altcoins today, in which some are based on personalities, some are being created because of good programming skills. Akon's main topic is about bitcoin, Akon starts to give a meaningful words that can help the listener on how transaction using bitcoin is much easier and safer. Akon discuss some advantages and how he handles the cryptos.
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September 29, 2019, 10:07:09 PM
 #43

Akon is undoubtedly one of the most celebrated African acts with worldwide recognition as well. Seeing such personality rallying support for Bitcoin is truly something to be happy for and at the same time strengthens the faith of people in crytpos. Anyways, reading up on the Akoin project, am pretty neutral on that. Depending on how this works out, we can only wait and see how well it goes.
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September 30, 2019, 07:53:01 AM
 #44

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/
Agreed, already there were more coins based on personalities. Some even created by them as they're good at programming. There needs to be some use case that is unique to get good value to the project and the coin. Here the coin might get popularity as it is named based on his name, but when it comes to use case and growth it won't attract good investors choose it.

My daughters name is Aubrey. Her nickname is Aubs. I am going to create and Aubry Coin. A coin that no one has ever seen before. It will have smart contracts, and a thing called Staking and the best part is the abreviations will be A.U.B.S lmao. Jk guys come on I agree, what is so special that would make Akoins use case diffrent from any other coin? Sounds to my like a pump and dump scam. Just because a celebrities name is in it does not make the coin special. If anything anyone that has been in the crypto industry for more then 3 months know the Longer ROI is going to be somewhere in the -3 to 5000% range... Smh

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September 30, 2019, 12:17:26 PM
 #45

So.. if I found the right website, Akon is creating his own coin, Akoin. From their website[1]: "AKOIN IS THE EXCLUSIVE CURRENCY OF THE AKOIN ECOSYSTEM". Great, another unnecessary coin. I'm not saying that Akon is a bad person, but if he really wanted to help, pretty much every use-case indicated on their website can already be done using BTC and ETH. I'm guessing that some people just proposed this idea to Akon and asked for permission to use his name. Pretty much the same with Manny Pacquiao's PAC token.

[1] https://www.akoin.io/
Agreed, already there were more coins based on personalities. Some even created by them as they're good at programming. There needs to be some use case that is unique to get good value to the project and the coin. Here the coin might get popularity as it is named based on his name, but when it comes to use case and growth it won't attract good investors choose it.
what is so special that would make Akoins use case diffrent from any other coin? Sounds to my like a pump and dump scam. Just because a celebrities name is in it does not make the coin special. If anything anyone that has been in the crypto industry for more then 3 months know the Longer ROI is going to be somewhere in the -3 to 5000% range... Smh


To be honest the vision and mission of this Akoin is very good. if you read again on the website akoin.io it is on 'The Akoin Ecosystem unlocks the potential of the world's largest emerging economy through the creation of a trusted cryptocurrency with a vision to stimulate and innovate, revenue-generating opportunities that support and empower youth entrepreneurs, economic stability, and growth across Africa and the world.

he planned the crypto ecosystem in Africa. it's really good if it's really realized. Apart from the thought of investors who want to take advantage it's another matter. if the project is successful I think the price will also rise.
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September 30, 2019, 04:07:24 PM
 #46

Akon, popular personality who is known to the world through his songs and music now opens about the needs of bitcoin and briefs more about it on an interview to the Breakfast Club Power 105.1 FM. That's really interesting to watch his interview where he gives clear answers with comparison to the dollar. Here's the link to the video https://youtu.be/HERTlVMd1QI

He's praised a king by African people. He has turned himself to be an entrepreneur, and he'll do good to Africa with cryptocurrency which might enrich the usage and adoption of bitcoin. Even now there is good acceptance for bitcoin in Africa, and what he has initiated through his own coin could make more popular people get into cryptocurrency network.

Well, everybody knows bitcoin is better than USD, Euro, and British Pounds. My question is why AKON never talked about bitcoin in the past until now? Perhaps, AKON is trying to promote his shitcoin in the name of bitcoin. If AKON truly likes bitcoin why AKOIN???

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