The Central African Republic ( CAR) announced the launch of Sango Crypto token, calling on investors to buy tokens worth at least $500, in return for buying and locking in the Sango coins, investors will gain citizenship and a piece of real estate property as well as a location in the metaverse.
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The Central African Republic (CAR), the only African country to designate bitcoin legal tender, will begin selling the Sango coin for an equivalent of $0.10 starting July 25. However, another report says the sale will commence on July 21.
The publication on the Sango coin website, shows that a total of 210,000,000 tokens will be available to crypto traders that are interested in participating in 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.
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. Improved internet access will in turn help the CAR proceed with the creation of the bitcoin national treasury.
“All KYC verified users can now fund their wallet and prepare for the Genesis Cycle by depositing one of the supported cryptocurrencies:
$BTC (Bitcoin), $ETH (Ethereum), $BNB (BNB smart chain), USDT (ERC-20/BEP-20), $USDC (ERC-20/BEP-20), $BUSD (ERC-20/BEP-20), $DAI (ERC-20/BEP-20)”
However, to deposit funds, you need to complete KYC verification, so you will need to submit a national ID document and a selfie for authentication.