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Akoin is a cryptocurrency launched in 2021 by music artist and entrepreneur Akon, with the goal of creating a digital economy and financial ecosystem for African youth. Akoin is a utility token built on the Stellar blockchain and is designed to fuel the Akoin ecosystem, a digital platform that seeks to empower the African youth with financial tools, access to new markets, and the ability to create their own businesses. The Akoin platform also provides an e-commerce marketplace, digital wallet, and an online marketplace and community to foster collaboration and innovation.
The Akoin cryptocurrency and platform are part of Akon's larger mission to bring economic opportunity and financial inclusion to African countries. The project is supported by a range of leading technology and business partners, including the World Bank, Microsoft, IBM, and Ripple. Akoin is currently in the process of launching its mainnet and will be available for trading on the Stellar Network and other major exchanges. With the launch of Akoin, Akon is hoping to create a new economy and financial system for Africa, one that is secure and reliable and that provides real value to its users.