What is Akoin?
Akoin is a Stellar-based cryptocurrency designed to fuel rising entrepreneurs in Africa and beyond. Akoin will be used as a common medium of transfer between Africa’s 54 countries (each with its own volatile currency). Allowing African citizens and entrepreneurs to engage with the digital economy with only a mobile phone.
The Akoin Utility Token is available within the Akoin Multi-Currency wallet for exchange between all DApp / App offerings and within the local market, including prepaid minute conversion (a major store of value in Africa), direct service payments (ie utility, mobile etc) and the ability to convert into local currency; all creating a strong value proposition for early adopters and users of the Akoin platform.
What is the Akoin Multi-Currency Wallet?
The Akoin Multi-Currency Wallet is the native Akoin wallet that allows users to trade amongst partnered cryptocurrencies internally without facing major hurdles and fees often found with exchanges. This exchange is enabled through a proprietary and private Atomic Swap technology that makes direct transfer with all major cryptocurrencies, our Partners’ alt currencies possible, without having to go through a major exchange. The Multi-Currency Wallet exists within the Dapp Marketplace as one of its functions.
What is the DApp Marketplace?
The Akoin marketplace aims to be the market leader for DApp-based services in lean economies, with a heavy focus on Africa. Working alongside industry leading technical, business and marketing partners, the Akoin marketplace will support a suite of cutting edge decentralized applications (DApps) to the benefit of entrepreneurs in Africa and globally.
The Akoin Ecosystem of decentralized applications (Dapps) and services will provide the building blocks for entrepreneurship. Empowering entrepreneurs to 'learn, earn, spend and save' through partnerships with Dapps or traditional companies in the following sectors:
Land & Property Services
Internet / Wifi
Marketing & Advertising
Users of Akoin will be able to interact with any of the Dapps available in the marketplace through the Akoin token.
What is the Akoin Partner Accelerator?
Akoin offers unparalleled access and expansion for global brands and applications seeking an entry-point to the market; including brand activation campaigns, DApp/App integration, launch and expansion planning, and foundation partnerships. Each DApp/App partner is vetted and integrated by the Akoin team into the marketplace to ensure the highest level of quality partnered service offerings are available within the Akoin marketplace.
Global brands and DApp/App partners can engage in ongoing or one-time marketing campaigns across the Akoin Ecosystem for expanded growth and awareness. Payment for all DApp marketplace related costs will be paid in Akoin.
What is an Atomic Swap?
The proprietary Atomic Swap technology allows users to seamlessly exchange cryptocurrencies, prepaid minutes, and fiat currencies. Which allows users to transition between applications within the Dapp marketplace, and in-out of the network itself— all without the use of an exchange as an intermediary. The swap functionality happens internally within a users decentralized wallet, and as thus reduces the fees and time necessary.
What is the Akoin Foundation?
The Akoin Foundation further drives the Akoin mission through its digital and on the ground programs for activating and empowering entrepreneurs in Africa; including education, ambassador, business incubation, community networks and activations. The foundation invests in DApps joining the ecosystem, leveraging them as token distribution vehicles to ensure Akoin maintains its utility for its end-user.
Which solution(s) will your product or platform bring to the decentralized cryptocurrency market?
Akoin seeks to minimize the barriers to entry for young entrepreneurs and small businesses in Africa, while simultaneously providing access to this demographic to global brands currently struggling to do business in rising economies.
The Akoin platform and trusted currency will leapfrog traditional banking and service platforms to help young entrepreneurs in Africa’s 54 countries overcome challenges of inflation, government regulation and lack of access to world-class business tools and services.
The Akoin token will allow users to utilize a suite of crypto-based digital services to circumvent the barriers they currently face, ushering in a new wave of tech-enabled entrepreneurs and businesses in Africa.
What function does your Token provide relative to your software and platform(s)?
The Akoin utility token is used within the entire Akoin ecosystem. Whenever a transaction takes place, it's with Akoin, cementing the token as the main means of transferring value and making purchases across all of the ecosystem's platforms, functions and services. Partners will need to use the Akoin utility token as the means to pay for their activity, whether it'd be a developer listing a dApp or a global brand looking to create marketing campaigns. In short, Akoin represents the lion share of transactional activity within the entire ecosystem, being the mandatory payment vehicle for a great deal of activities that can be undertaken by users.
Do you have a working product?
Yes, our MVP includes the Atomic Swap functionality, the ability to exchange prepaid minutes for cryptocurrency (and vise versa), and the multi-currency decentralized wallet.
What is your relationship with the Stellar?
Akoin is a token issued via the Stellar blockchain. We are working hand in hand with Stellar to ensure all technological and developmental best practices are met.
What is your relationship with BitMinutes?
BitMinutes (BMT) is the first Dapp partner being offered through the Akoin Dapp Marketplace. Through our partnership with BMT, users in Africa are able to move in and out of the Akoin ecosystem via prepaid cellphone minutes, fiat currency, or cryptocurrency.
Do you have plans to create liquidity for Akoin?
Yes, beyond our initial exchange partner we plan on acquiring listings across several top volume exchanges. Providing liquidity for Akoin users is one of our top priorities.
Does an individual monetarily benefit from holding your Akoin token? How can it be utilized, in case?
Any purchase of the Akoin utility token does not constitute an investment. Purchases of Akoin are merely that; a purchase. When buying or transacting with Akoin you must keep in mind that the token is not a security with any expectations of profit, but rather a utility token meant to be used within the Akoin ecosystem.
In terms of what the Akoin utility token offers purchasers, there are multiple different aspects to consider. The Akoin token can be used across all of our platforms, functions and services, representing a central part of the Akoin ecosystem. The token allows users to transition in and out of the Akoin ecosystem, and through it, in or out of the cryptocurrency world.
Where can I reach you?
All of the official Akoin websites and social platforms are listed below. If a website, channel, group, or any entity claims to be a representative of Akoin or the Akoin Foundation but is not found on the list below is not legitimate.