The Central African Republic Announces 21M Sango Token Sale

The Central African Republic Announces 21M Sango Token Sale
  • At least $500 in BTC or ETH will be required from anyone who wants to purchase.
  • The token’s purchasers will also get a piece of real estate and a plot in the metaverse.

Until now, the Central African Republic (CAR) has been the only African government to recognize bitcoin as a legitimate form of currency. According to a report, the sale is expected to begin on July 21. At least $500 in bitcoin or ethereum will be required from anyone who wants to purchase the crypto token, which has been called the country’s digital currency.

Chance to Become CAR Citizen

A total of 210,000,000 tokens, as stated on the Sango currency website, will be made accessible to crypto fans who participate. An African country’s first digital monetary system, which the CAR calls “powered by the bitcoin blockchain,” gives investors a chance to become citizens.

The token’s purchasers will also get a piece of real estate and a plot in the metaverse as part of the deal. Investors who secure their Sango currency tokens with the CAR will be granted e-residency status.

According to a roadmap on the CAR’s website, the government plans to increase internet access and accessibility by spending more on the country’s telecommunications infrastructure in order to meet its lofty cryptocurrency goals. CAR’s progress in the national treasury will be aided by better internet connectivity.

The debut of the cryptocurrency has been called into doubt by many, including Bitcoiners, but the Sango concept card indicates that the CAR isn’t going down easy on its opponents. According to the concept deck, Sango coins seem to be the CAR’s preferred payment method.

Customers of Sango coins will be able to purchase government-issued land, pay taxes, and access natural resources in the CAR using the cryptocurrency in addition to becoming CAR citizens.

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