We are again back with another exclusive report on our next pick for 100x segment. Based on the unique fundamentals and features, we have chosen Akoin Token($AKN) for our 100x segment. So, lets dive into why Akoin can be a life-changing opportunity at this stage.
Before going into details, let’s understand everything about Akoin in brief.
What is Akoin Token?
Akoin, a well-known singer and forward-thinking changemaker, launched Akoin, a cryptocurrency intended to support budding businesspeople in Africa and elsewhere. According to the Akoin Team, Akoin will be utilised as a standard means of transfer between the 54 nations of Africa (each with its own volatile currency). enabling people and businesses in Africa to participate in the digital economy with only a cell phone.
Because the intention of Akoin is to be used as daily transaction money for genral public, Akoin team chose Distributed Ledger Technology instead of traditional blockchain (which charge more gas fees for facilitating transaction). Therefore, Akoin token was launched on top of the Stellar Platform. Remember the transaction fee of this #XLM ledger is extremely low as compared to other blockchains.
Akoin Tokenomics and Info
Akoin Ecosystem:
- Akoin Token: Akoin is a cryptocurrency built on Stellar. The Akoin Token, which has a maximum supply of 450 million tokens, is currently available on the Bitmart and Bittrex Exchanges.
- Akoin City: Akon City, an eco-friendly and smart city in Senegal, Africa, will use akoin as its primary medium of exchange. With the aim of creating a completely new way of life, Akon City combines cutting-edge smart city planning concepts with a blank canvas for incorporating blockchain technology. Akon and Akon City have signed a letter of intent with Akoin, Inc. committing to the use of Akoin as the primary currency as part of this smart city’s blockchain design.
- Akoin Exchange/Wallet: The native Akoin wallet, the Akoin Multi-Currency Wallet, enables users to conduct internal trading between partnered cryptocurrencies without having to deal with the significant obstacles and costs frequently associated with exchanges. This exchange is made possible by a private and proprietary Atomic Swap technology that enables direct transfers with all major cryptocurrencies, including the alternative currencies of our Partners, without the need for a significant exchange. One of the features of the Dapp Marketplace is the Multi-Currency Wallet.
- Marketplace: For business owners creating DApps and apps for the African market, AKoin offers chances for earning, saving, and spending, as well as user discounts and reward programmes.
- Atomic Swap: Users may easily shift fiat money, prepaid minutes, and cryptocurrency thanks to the innovative Atomic Swap technology. It enables users to switch between Dapp applications and enter and exit the network without the need for an exchange to act as a middleman. The swap capability is internal to a user’s decentralised wallet, which cuts down on costs and time.
- Partner Accelerator: Adoption of Akoin and DApp/App partners is rising thanks to a massive marketing platform for brands and foundations.
Team
Akon – A multi-platinum-selling performer, producer, businessman, and philanthropist who has received a Grammy nomination.
According to the Forbes Celebrity 100 & 40 Most Powerful Celebrities in Africa lists, Akon is one of the most influential voices in Africa and the Diaspora. Through Akon Lighting Africa, he has already provided solar power to 18 African nations, improving the safety, health, and well-being of millions of the continent’s 600+ million people who are now without access to electricity. Akon is also the brains behind Akon City, an eco-friendly, smart city under construction in Senegal, Africa, where Akoin will serve as the official currency.
Jon Karas – Jon is a significant figure at the nexus of celebrity and social good with more than 25 years of experience in the entertainment, technology, and financial sectors. In order to provide resources, services, and training for budding businesspeople in Africa and elsewhere, he co-founded and serves as president of Akoin, a cryptocurrency project that he co-founded with worldwide celebrity and impact leader Akon.
Liss Lynn – Lynn has worked in the social impact sector for more than ten years, providing advice, carrying out innovative business plans, and managing them. As a pioneer in the field of “blockchain for good,” Lynn was a founding member of the ICO Impact Group, which offered guidance to blockchain startups and new cryptocurrencies with a positive social impact.
Akoin Token Price history
Akoin IEO price was about $.15 when it was launched in the starting of 2021. The chart below shows that in February 2021, when Akon team appeared at AIBC and did various AMAs, the price of the FTM token sharply increased and Akoin price surged to $0.58 before falling. However, due to no update or information from Akoin team, the token lost the faith of investors and the token price started falling, and dropped to the price of $.008 in the month of September 2022.
Recent Updates
Since the price of Akoin Token has been dropping for a long time due to lack of updates from Akoin team, AKON recently announced in an interview that Akoin wallet will be release before the end of this yar not only in Africa but also in US. This news made the price go up the price went upto a local high of .05 cent and droped back. The present price of Token on the date of this article is about $.021.
Akoin Future Price Prediction
In past, the Akoin team has various announcements, some of them are:
- Wallet release
- Listing on top tier exchange
- Rollout of Akoin throughout kenya and other African region
- Construction of Akoin city
- Wrapped Akoin token
and others.
If we take into account the above plans, the price may see a sharp rise and can touch its ATH in brief period.
We need to understand that the fully diluted marketcap of Akoin comes about just 9 million dollar with a current price of .021$ each token. On a market cap of about 1 billion dollar, which a token like Akoin may have in view of the actual plans and ambassador like Akoin as chairman, the price goes in the range of about 2.5$ to 3.0$ which is in fact more than 100x from present price (in fact, more).
It’s crucial to remember that cryptocurrency markets continue to be incredibly volatile when thinking about an Akoin coin price prediction because this makes it challenging to anticipate a coin or token’s price with any degree of accuracy over the short term and even harder over the long run. As a result, forecasts made by experts and algorithm-based forecasters occasionally turn out to be inaccurate.
We advise you to always conduct your own research if you are thinking about buying cryptocurrency tokens. Before making any investing decisions, consider the most recent market trends, news, technical and fundamental analysis, and expert opinion. Remember that past results do not guarantee future success. Never trade with funds you cannot afford to lose, either.
