The Sango token will start being sold on July 25 for the equivalent of $0.10 in the Central African Republic (CAR), the only nation in Africa to declare bitcoin official tender.
According to a different story, the sale will start on July 21. The minimum purchase price for the crypto token, which has been dubbed the nation’s digital currency, is $500, and payment must be made in cryptocurrencies like bitcoin and ethereum.
A total of 210,000,000 tokens will be made accessible to cryptocurrency fans who are interested in taking part in the initiative, according to information on the Sango coin website.
Investors who take part in the CAR’s “powered by the bitcoin blockchain” first digital currency system have the chance to become citizens of the African nation.
“Join the Central African Republic’s digital transformation today. A future of limitless opportunities is waiting for you, both locally and through the inaugural Metaverse Citizenship Program”, according to a promotional message on the Sango website.
The CAR seeks to increase internet accessibility and availability by increasing investment in the telecommunications infrastructure, according to a roadmap outlining the nation’s ambitious cryptocurrency goal on the website. With this development, the CAR can establish the national bitcoin treasury
The Sango concept deck demonstrates that the CAR is not backing down, despite criticism from some bitcoiners who questioned the debut of the cryptocurrency token. Instead, it appears from the idea card that the CAR intends to add Sango token to its list of accepted payment methods.
Sango coin buyers can now buy government-owned land and access the country’s natural resources.
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