Akoin

Akoin

AKC

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Fiat Daily posted on November 05, 2019 23:24:40

I wholeheartedly agree with user scottf's review here and have not much to add to it. It is the coin to be launched by the famous star AKON, and it is supposed to support an entrepreneurial eco system in Africa, largely around providing solar power, if I understand it correctly.

Almost always and in the past without exception any coin endorsed or launched by celebrities turned out to be a scam or an outright disaster, however with AKOIN I am somewhat more optimistic as I do believe they are operating with a genuine intention to build this project and not as a greedy cashgrab. But that is just an outside observation to be honest.

The website of the project and the foundation offer some marketing style information about the project, however not much in depth, detailed information about the platform, eco system or technology is provided, such as a whitepaper for example. I have not searched for it beyond the websites either, but I think a link to such documents should at least be prominently offered impo. I do have to count that as a minus on the information spectrum.

Another point of critique is the FAQ section where the question "How can I be sure this isn't a scam?" is answered with "At Akoin we are committed to ensure we are selling cryptocurrency in a safe, secure, and private manner by complying with KYC norms." which obviously is not even an answer to that question and doesn't address it all. This seems so ridiculous of an answer that it would make more sense that the answer is to make people believe that this is a properly addressed question, which in that case would be kinda shady, but the interpretation of possible intention, I will leave up to everyone individually to judge.

For anyone that wants to contribute to this cause, should do this without any expectation of profit, and still proceed with a lot of caution and enormous due diligence. For the time being it has the benefit of the doubt from my part.


avatar scottf 48
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scottf posted on October 02, 2019 13:30:02

This one is tough. I'm not sure I'm for or against it yet but I do appreciate what they are trying to do. Apparently a lot of others appreciate it as well as they are reporting having raised more than $300k:
https://twitter.com/AkoinOfficial/status/1179460046180290561

Time will tell how this plays out but for now, I'm remaining cautiously skeptical despite being appreciative of their mission.


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