Shaurya Malwa · 9 hours ago · 2 min read
News › Bittrex › Africa › Exchanges
Akon’s social ecosystem cryptocurrency ‘Akoin’ will begin trading on Bittrex Global on November 11
Akoin, the cryptocurrency developed by renowned popstar Akon to improve social opportunities and access for African entrepreneurs, has announced its premier listing on crypto exchange Bittrex Global, as per a release shared with CryptoSlate.
Bittrex Global is one of the world’s biggest cryptocurrency exchanges, reporting daily transaction volumes of $41 million. It is one of only 14 exchanges globally rated by Coinmetrics’ Trusted Volume Framework as being highly trusted, having passed all three of the analytic firm’s trustworthiness tests for correlation, volume, and qualitative analysis.
Akoin, based on the Stellar network, will launch on Bittrex Global on November 11, allowing users to trade and transact using the token.
The Akoin project is a blockchain platform led by global artist Akon, who is in turn committed to bringing a trusted digital currency to countries within Africa that suffer from weak and over-inflated fiat currencies that prevent citizens from accessing financial services.
The project’s main objective is to improve social opportunities and connectedness for millions living in rural and remote regions of Africa who lack connection to the internet and therefore the global economy. The project is set to start in Senegal before it is expanded across the continent.
As per the release, the Akoin Ecosystem will provide token holders with access to a wide range of decentralized apps (dApps) and apps, and tools for entrepreneurs to connect, engage and scale business in regions such as Africa, while providing a positive social impact to their communities.
Jon Karas, the president and co-founder of Akoin, said the listing was an important step for the business. He added:
“Having Akoin listed on a top exchange creates global awareness and liquidity for the Akoin token while bringing us even closer to realizing our vision of bringing greater opportunity and social connectedness to people across Africa who want to build, grow and develop their own businesses.”
Tom Albright, CEO of Bittrex Global, shared the sentiment:
“Leveraging financial tools to help those without access to banking and credit is still one of the biggest unrealized promises from the blockchain. We’re incredibly excited about the long-awaited launch of Akoin.”
The growth of Akoin
As reported earlier by CryptoSlate, Akoin is already driving major global partnerships forward which will bring massive utility to the Akoin Token.
Earlier this year, Akoin announced that its native token will be the main currency and central payment platform for the upcoming Mwale Medical and Technology City (MMTC) in western Kenya, primed to be used by the city’s residents, workers, and growing businesses.
Akoin is also establishing UN-backed Akoin Effect Opportunity Hubs in parts of Africa to allow young people to earn while they learn, focused on Blockchain and AI-based education opportunities.
And now with a Bittrex Global listing, the Akoin project seems to be just getting started.
Update Nov. 11 @ 17:01 GMT: Article has been updated to note that Bittrex Global is the exchange where Akoin is being listed.
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