Artist’s cryptocurrency iKON drops 20% below the listing price on Bittrex
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Answer Artist’s cryptocurrency iKON drops 20% below the listing price on Bittrex
The digital currency “Akoin”, which stands for “AKN” for “Akon” company run by the famous hip-hop artist “Akon”, is down 20% from the listing price on the trading platform “Bittrex”.
Where seem The AKN cryptocurrency was traded on Bittrex earlier this week.
Akoin (AKN) live Tweet embed.
The Tweet embed The journey has just begun!
– me me) November 13, 2020
Rapper Aikon believes that more exchanges will follow Bittrex and include the AKN cryptocurrency for trading.
Akoin pointed out that the digital currency “Akoin” aims to revolutionize the global payment network, especially in underdeveloped African countries.
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During his recent media appearance, Aecon explained how he came up with the idea of creating his own cryptocurrency, telling that a few years ago, he had to convert several different fiat currencies while traveling from the US through Europe to Africa.
Apart from noting this inconvenience to frequent travelers, he discovered that the local Senegalese currency was worthless outside the country.
At the same time, when cryptocurrency was booming, he had the idea that all these obstacles and problems in converting fiat currencies would be solved by a cryptocurrency.
Akoin is planned to be the centerpiece of the future city being built in Senegal.
Apart from being the first city to use cryptocurrency as a base currency, it will also be completely powered by renewable energy.
Recent reports have indicated that construction of the new city will begin in early 2021.
Facilities to be built in the new city include a beachfront resort, a technology center, recording studios and a movie district called “Senewood”.
If the project is successful, Aecon has hinted that it could grant the franchise to other African countries.
The digital currency “AKN” is trading at around 0.0000939 BTC, down 20% from its opening price.
Read:Swift: That’s why Ripple can’t compete with us in the field of international money transfers
Also, the 24-hour AKN trading volume is still minimal, as the volume in the last 24 hours was only 17 Bitcoin (a quarter of a million dollars).
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