The same CNN article mentioned above says: 'The new city would also trade exclusively in his own digital cash currency called AKoin, he (Akon) said.' Therefore the use and success of the coin will definitely have a positive impact on Stellar Ecosystem. And if it can prove itself there, there is a possibility it will be adopted in parts or as a whole in other parts of Africa or other countries. Perhaps one coin for Africa is a little too ambitious but I have high expectations that this project will succeed in Senegal. With such a large commitment from the country, one can only assume the Senegal government is fully backing the project and Akoin is not likely to experience various roadblocks that other crypto-projects have been facing in other countries. According to a CNN article, Akon has been gifted 2000 acres of land by the president of the country for Akon City. Akon being a good philanthropist originating from Senegal seems to have developed good ties with his country, which should open doors to this project. Secondly, I believe the governmental and regulatory elements which seem to be slowing down adoption of cryptocurrency in some parts of the world will not be a roadblock in Senegal. For example, Akon Lighting Africa project has been successfully supporting many African countries. Firstly, Akon is a proven philanthropist, especially for his past activities focusing on his home, Africa. I don't know about the 'rest of the world' and perhaps not even sure about 'whole of Africa' but I am pretty bullish on the success of this coin in Senegal for two main reasons. The question is: will this succeed or will it become the next failed crypto-project? So overall pretty 'ballsy' project with high ambitions! In fact, he even goes on to say that Akoin can be a 'trusted currency alternative for Africa and all developing countries around the world'. On his tweet about the city and the coin, he says this coin/platform can be replicated to rest of Africa if successful. Here is a snapshot from Akoin's website - ONE AFRICA. Here is what Akon said about Akon City and Akoin on his Twitter account: It has recently been announced that Akon (songwriter-singer, entrepreneur and philanthropist), who is originally from Senegal is building a 'cryptocurrency-powered city' in Senegal.

Akon new city