Akon is reportedly preparing to build a crypto currency-based city in Uganda his second planned futuristic city in the continent of Africa.
On Monday thus week, the Ugandan government announced that they allocated one square mile of land to the business mogul for the city. It has been said that the cost of construction will be about $6 billion
The city which will be completed by 2036 will operate on his AKoin currency, “a stellar-based crypto currency.”
In regards to Uganda’s ability to fund the development of the new city, Akon said, “I know if I put it there, they’re going to find a way to afford it because it’s going to motivate them.”
He added, “Ultimately when you create an opportunity, people grow with that opportunity, people learn with that opportunity, people are motivated with that opportunity.”