The Central African Republic Says Sale of 210 Million Sango Crypto Tokens to Commence in Late July – Featured Bitcoin News

The sale of the Central African Republic (CAR)’s 210,000,000 Sango coins is set to begin on July 25 and participating investors will have to buy tokens worth at least $500. The Sango coin investors can acquire citizenship by purchasing the coins and locking them in. They will also receive a piece in real estate, as well as an address in the metaverse.

First Digital Monetary System

Starting July 25, the Central African Republic (CAR), which is the only African country that has designated bitcoin legal tender will start selling Sango coins for $0.10 each. Another report claims that the sale will begin on July 21.

Buyers of the crypto token, which has been described as the country’s digital currency, will need to fork out a minimum of $500 which is payable in cryptocurrencies like bitcoin and ethereum.

The Sango coin website shows that there will be 210,000,000 tokens available for crypto enthusiasts who are interested in joining the project. Investors participating in what the CAR describes as the first digital monetary system that is “powered by the bitcoin blockchain” have an opportunity to become citizens of the African country.

“Join the digital transformation of the Central African Republic today. Both local and the first Citizenship Program in the Metaverse: a future of endless possibilities are awaiting you,” a promotional message on the Sango website states.

Token buyers can also receive a piece or real property and a plot in the Metaverse. Investors in Sango coins will be granted e-residency status by the CAR if they lock their tokens.

Bitcoin National Treasury

On the website, a roadmap detailing the country’s ambitious cryptocurrency plan suggests that the CAR wants to ramp up internet availability and accessibility by investing more in the telecommunication infrastructure. CAR’s goal is to improve internet connectivity, which will allow them to proceed with creating the Bitcoin National Treasury.

Although critics, including those who are bitcoiners, have raised concerns about the launch and future prospects of the cryptocurrency coin (coin), the Sango concept deck clearly shows that the CAR has not lost its resolve. The concept deck suggests that Sango coins will be made an acceptable payment method by the CAR.

Therefore, besides using the cryptocurrency to become citizens of the CAR, Sango coin buyers will also be able to use this to buy land from the government, pay taxes and access the country’s natural resources.

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Terence Zimwara

Terence Zimwara was a Zimbabwe award-winning journalist and author. His writings have covered the economic problems of several African countries and how digital currency can offer an escape route.