The sale of the Central African Republic (CAR)’s 210,000,000 Sango coins is set to begin on July 25 and participating investors will have 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.
Buyers of the crypto token, which has been described as the country’s digital currency, will need to fork out a minimum of $500 which is payable in cryptocurrencies like bitcoin and ethereum.
“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.
Buyers of the token will also be rewarded with a piece of real estate property as well as a plot in the metaverse. The CAR will also give e-residency status to Sango coin investors that lock in their tokens.
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.
Therefore, besides using the cryptocurrency to become citizens of the CAR, Sango coin buyers will also be able to use this to buy land from the government, pay taxes and access the country’s natural resources.
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