Grammy-nominated singer Akon blockchain token

Grammy-nominated singer Akon will launch his token using Stellar’s blockchain. The ‘Akoin’ cryptocurrency will use Stellar’s network as its basis. Akoin selected Stellar’s distributed, hybrid blockchain due to a shared vision for creating global financial inclusion, particularly in areas such as Africa.

Akoin will be compatible with Stellar wallets and interoperable with all digital assets and currencies

According to a spokesperson for the project, Akoin will not be a stablecoin and instead have a fluctuating price.