Akoin is now in the markets and is listed on Bittrex global. The coin was launched on Bittrex Global on November 5 and all AKN wallets are live on the platform. The listing of the coin’s wallet on Bittrex was also followed by spot trading which was launched on November 11th. The coin was announced via a live stream where singer and founder Akon and Akoin’s co-founder and president Jon Karas described the addition to Bittrex as a “major milestone”.
Created to power a real-life Wakanda city, Akoin is set to revolutionise businesses and lives in Africa. The digital asset will be utilised to improve social opportunities and access for African entrepreneurs. With it’s listing on Bittrex, access and usability of the coin are growing.
Initially, the coin was slated to be launched on Bittrex via an Initial Exchange Offering (IEO). However, they decided to go with an exchange listing. The aim of choosing this approach is due to the rapidly declining value of IEOs. Also, Akoin aims to create a stable community so choosing a sustainable growth path works in its favour.
Besides preventing the FOMO and unstable growth that comes with IEOs, Akoin is designed to aid the growth of African entrepreneurs around the globe so the token needs to be distributed effectively across the network. Akoin fight to prevent market manipulation and price control by whales is top-notch. According to the blog post announcing the launch, Akoin is not “a token for speculative traders, we are a token for Africa.”
Big moves to take Akoin to Africa and the world beyond is been made. There the launch of Akoin wallet which will enable distribution and transfer of AKN. Akoin also aims to power Mwale City. AKN will be accepted as a means of carrying out transaction throughout the city. AkoinCard will also be launched for daily transactional purposes. For users who will be getting AKN on Bittrex, there will be an airdrop worth $25,000. Participants in the airdrop will have to complete four tasks and submit their Bittrex global account within the event dashboard. The distribution of AKN will be dependent on the speed of task completion and amount of tasks completed.