Central African Republic says sales of 210 million Sango Crypto tokens will begin in late July – Featured Bitcoin News

The sale of the Central African Republic (CAR)’s 210,000,000 Sango coins will begin on July 25 and participating investors must purchase tokens worth at least $ 500. In return for buying and locking in the Sango coins, investors will receive citizenship and a piece of property as well as a placement in the metaverse.

The first digital money system

The Central African Republic (CAR), the only African country to designate bitcoin as a legal tender, will start selling the Sango coin for the equivalent of $ 0.10 as of July 25. However, another report says that sales will start on July 21.

Buyers of the crypto token, which has been described as the country’s digital currency, must shell out a minimum of $ 500 paid in cryptocurrencies such as bitcoin and ethereum.

As shown on the Sango coin website, a total of 210,000,000 tokens will be available to crypto enthusiasts interested in participating in the project. Investors participating in the CAR describe as the first digital money system “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 with endless possibilities awaits you “, it is stated in an advertising message on the Sango website.

Buyers of the token will also be rewarded with a piece of property as well as a plot in the meta version. CAR will also grant e-residence status to Sango coin investors who lock in their tokens.

Bitcoin National Treasury

On the website, a roadmap describing the country’s ambitious cryptocurrency plan suggests that CAR wants to increase Internet accessibility and accessibility by investing more in the telecommunications infrastructure. Improved internet access will in turn help CAR continue with the creation of the bitcoin national treasury.

While critics, including bitcoiners, have questioned the launch of the cryptocurrency, the Sango concept shows that BIL is not withdrawing. Instead, the concept deck seems to suggest that CAR plans to make Sango coins another acceptable payment method.

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

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Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and author. He has written extensively on the economic problems in some African countries, as well as how digital currencies can give Africans an escape route.