View source for Akoin (AKN)

== Basics ==
* Founded in: 2018
* [[Mainnet]] release:
* Based in:
== History ==
* [https://news.bitcoin.com/6-billion-akon-city-akoin-cryptocurrency-empower-africans/ Created] (16-8-2020) by singer Akon with the goal of being the one crypto for Africa. His $6B futuristic city '[https://news.bitcoin.com/akon-6-billion-cryptocurrency-city-wakanda/ Akon City]' is [https://akoncity.com/about/ planned] to use the coin.

== Token ==
=== Launch ===
* [https://cointelegraph.com/news/akoin-rolls-out-to-kenyan-tech-city-in-first-step-towards-akon-city From] [[Cointelegraph]] (11-11-2020):
''"Akoin is launching imminently in the $2 billion Mwale Medical Technology City, or MMTC, in western Kenya. As a newly built city centered around a state-of-the-art medical and technology complex, MMTC would seem to be the ideal proving ground for the currency, ahead of it becoming the official currency of Akon City, [https://cointelegraph.com/news/akons-crypto-city-moves-ahead-awarding-6b-construction-contract currently under development] in Senegal.''

''During the pilot stage, starting later this month, residents will be able to pay and be paid using Akoin, and instantly convert the currency into cell phone minutes or other forms of exchange. While the initial roll out will be invite-only, it is projected to see 30,000 transactions per month, through the implementation of [[atomic swaps]], merchant services and an Akoin debit card. By mid-2021, a wider roll out to 35,000 residents, workers at the 5,000-bed Hamptons Hospital and 2,000 merchants is forecast to increase the service’s volume to 1.5 million transactions per month."''

=== Token allocation ===
=== Utility ===
* [https://cointelegraph.com/news/akoin-rolls-out-to-kenyan-tech-city-in-first-step-towards-akon-city From] Cointelegraph (11-11-2020):
"''Akoin is described as a [[utility token]], powering [[atomic swaps]] between cryptocurrencies, [[fiat]] and mobile phone credits, which are a popular store of value in many developing countries."''

=== Token Details ===
=== Stablecoin ===
== Tech ==
* [[Whitepaper]] can be found [insert here].
* Code can be viewed [insert here].
* Built on: [[Stellar]]
* Programming language used:
=== Transaction Details ===
* Capacity ([[TPS]]):
* [[Latency]]:
=== How it works ===
=== Mining ===
=== Staking ===
=== Liquidity Mining ===
=== Layer Two ===
=== Different Implementations ===
=== Interoperability ===
* [https://news.bitcoin.com/akon-6-billion-cryptocurrency-city-wakanda/ From] [[Bitcoin.com]] (1-9-2020):
"''The akoin cryptocurrency has its own [[wallet]] that “allows users to trade amongst partnered cryptocurrencies internally … through a proprietary and private [[atomic swap]] technology that makes a direct transfer with all major cryptocurrencies, our partners’ [[Altcoin|alt currencies]] possible, without having to go through a major exchange.”"''

=== Other Details ===
== Privacy Method being used ==
=== Compliance ===
== Oracle Method being used ==
== Their Other Projects ==
=== AkoinNFT ===

* [https://www.coindesk.com/akon-launches-akoinnft-platform-artists From] [[CoinDesk]] (1-4-2021):

''"The Akoin team behind the cryptocurrency AKN has partnered with [https://taqo.io/ Taqo.io] to launch the AkoinNFT platform for [[Non Fungible Tokens (NFTs)|NFTs]]."''

== Governance ==
=== DAO ===
=== Self Funding Mechanism ===
== Upgrades ==
== Roadmap ==
* Can be found [Insert link here].
== Audits ==
* [[Bug bounty]] program can be found [insert here].
=== Bugs ===
== Usage ==
=== Projects that use or built on it ===
== Competition ==
== Coin Distribution ==
== Pros and Cons ==
=== Pros ===
=== Cons ===
== Team, Funding, Partnerships, etc. ==
=== Team ===
* Full team can be found [here].
=== Funding ===

=== Partners ===
[[Category:Coins/Tokens]]