The Akon City and Akoin projects, which are planned by the international superstar Akon and worth US$6 billion, have stalled, and are currently facing great difficulties and delays. The proposed city is still a wasteland.
Akon City was once compared to the African city of Wakanda in the movie “Black Panther,” but after numerous delays, little progress has been made on the city’s construction.
In addition, the Akoin token project is also facing problems. Akon previously launched an activity called Token of Appreciation, which is used to pay Akoin network fees, but investors found that the token no longer has any functions and value (which has dropped to £0.01) and demanded compensation, Akon said it would provide refunds even out of pocket, saying it would “go on a world tour” to reward crypto investors.