On July 25th, the Central African Republic is all ready to start setting their 210,000,000 crypto coins named Sango. Investors who want to participate will need to purchase tokens that are worth a minimum of $500. People who choose to buy as well as lock in Sango coins will also be provided with citizenship. They can also get real estate as well, within the metaverse.
The First Monetary System That Is Digital
The CAR is so far the first and only country in Africa that have designated bitcoin as legal tender. They will also start selling their Sango coin soon. This will be the equivalent of around $0.10. There are two conflicting reports on when this sale will begin. Some reports state the sale will begin on the 25th of July while some others say that it will begin on the 21st of July.
This crypto token has also been seen as the digital currency of the country. Buyers will need to pay at least $500 either in the form of bitcoin or Ethereum. A total of 210,000,000 tokens will be sold to enthusiasts of cryptocurrency within the country. The CAR has described this monetary system as the first digital one to be powered by the blockchain of bitcoin. This also allows people to gain citizenship and to become citizens of the country.
The CAR is inviting crypto enthusiasts to join the digital transformation. In one of their promotional messages on the Sango tokens website, they invite people to enjoy endless possibilities.