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    1. coinfeeds-bot on

      tldr; Akon’s ambitious $6 billion Akon City project in Senegal, envisioned as a futuristic ‚real-life Wakanda,‘ has been abandoned after seven years of missed deadlines and financial setbacks. The Senegalese government reclaimed nearly all of the allocated land due to lack of progress, leaving only a partially built Welcome Center. The project’s failure was fueled by the collapse of Akoin cryptocurrency and unfulfilled promises, leaving local communities disillusioned and the site undeveloped except for grazing goats.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. AllHailNibbler on

      You mean it was a grift? No way.

      Definitely didn’t have blm vibes from the beginning (talking about how the blm leaders stole money and enriched themselves off the suffering of their own people)

    3. CriticalCobraz on

      Too many coins rely on future promises, which feels more like a money grab

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