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The Central African Republic started issuing citizenship and land plots secured by Sango token

The Central African Republic started issuing citizenship and land plots secured by Sango token

The Central African Republic sold more than 5% of the first issue of the new cryptocurrency in two days.

According to the state project, the country will offer citizenship, e-residency, and land plots secured by Sango Coin cryptocurrency. Coin deposits will be made for a certain period. Once expired, the funds will be returned to the owner.

In order to buy citizenship, it will be necessary to make a pledge in Sango tokens of $60 thousand for 5 years, e-residency will be available in exchange for depositing coins worth $6 thousand for 3 years, and the land plot of 250 square meters, along with its replica in the metaverse will be available to investors who left a pledge in Sango tokens of $10 thousand for 10 years.

The project's first phase was already launched on July 25 under the state program on developing the digital monetary system: the presale of the new cryptocurrency Sango Coin started. At this stage, the CAR has issued 200 million tokens, which can be purchased at a rate of $0.10, starting from $100.

Coins purchased during the presale will be blocked for 1 year, and the cryptocurrency listing is scheduled for the end of the year with a starting price of $0.45. The initial sale of the coin will last a year, but investors have already bought more than 5.6% of the offered tokens in the first 2 days.

In April, the Central African Republic recognized Bitcoin as an official means of payment. In early June, the country's President Faustin-Arkange Touadera announced plans to issue tokens backed by natural resources to attract foreign investment projects into the country.

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