Bitcoin
$ 19,251
Ethereum
$ 598.69
Litecoin
$ 89.71

World-known Senegalese Rapper, Akon Announces Partnership with Roll, A Social Money Platform

Rapper and crypto entrepreneur Akon today announced a partnership with social money platform Roll.

Roll, founded by Bradley Miles, a former CoinDesk analyst, is a social money platform that lets content creators, influencers, celebrities and athletes mint cryptocurrencies in their own name. It claims its social tokens sum up to a quarter of a billion dollars in value; it launched last summer.

Roll’s influencers can distribute this crypto to their own communities, who in turn can use it to buy anything peddled by the influencer or HODL the coin as a kind of speculative bet on the influencer’s success.

Crypto marketer Alex Masmej and Instagram ASMR influencer Laurel Driskill are among its 260+ signups. Masmej released a rap song with Ja Rule, the rapper who co-founded Fyre Festival.

Akon is big into crypto. He has his own cryptocurrency, Akoin, which will power Akon City, a plush residential area near the capital of Akon’s native Senegal. He hopes this coin, which is based on the Stellar cryptocurrency, will become the financial backbone of all of Africa; among services offered are crypto remittances, salaries and an exchange.

His entourage will provide support to the African influencers who create their own cryptocurrencies on Roll; new creators can also choose to donate some of their token supply to Akon’s business ventures.

Akon will use the money to run centers in Kenya, Senegal and Ghana that offer “access to AI/blockchain-based online work” and crypto training courses. The Kenya center is expected to open later this year.

Sid Kalla, CTO of Roll, said in a statement, “It’s important to reach beyond the immediate crypto-native audience and start thinking deeply about how everyday people will really use and embrace Ethereum and other blockchain technology.”

Through the Akon partnerships, new signups to Roll—hand picked by Miles himself—can “allocate a percentage of their newly-minted social money to help develop and launch more UN-backed Akoin-Effect Opportunity Hubs.”

Akon is the second high-profile rapper to partner with the platform after Ja Rule. Neither yet have tokens on Roll.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Spanish Crypto Investors May Soon Be Compelled to Reveal Holdings
December 2, 2020By
Spanish Tax Authority Set for Showdown Over Crypto Tax Evasion
December 1, 2020By
Russian prime minister promises to tackle digital currency scams
December 1, 2020By
China Central Bank Pushes for CBDC to Displace Dollar Dominance
December 1, 2020By
Facebook fined $6.1M in South Korea for sharing user data without consent
December 1, 2020By

Advertisement

Image

Crpyto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin19,251 1.75 % 1.32 % 0.84 %
Ethereum598.69 0.94 % 1.89 % 0.66 %
XRP0.6271 1.81 % 5.60 % 9.38 %
Tether1.000 0.67 % 0.17 % 0.33 %
Litecoin89.71 1.54 % 0.76 % 0.73 %
Bitcoin Cash294.55 0.81 % 6.59 % 14.95 %
Chainlink13.72 1.12 % 5.50 % 11.89 %
Cardano0.1590 0.98 % 6.28 % 4.70 %
Polkadot5.220 1.01 % 4.82 % 8.62 %
Binance Coin30.43 0.47 % 3.67 % 9.80 %