The Central African Republic (Car) has announced plans to token over 1,700 hectares of land with its National Meme Coin, $ automobile. President Faustin-Archange Touadéra made the announcement on May thirtieth and explained that country concessions might be available online from June via the Solana Blockchain. The initiative goals to enhance access and transparency in land management.
$ Car token rose 100% in front of the Sango Coin project from Annoying Country, which was hired
Source: x
The presidential secretion authorizes the usage of $ automobile to digitally access the country. The property includes an area that corresponds to almost 2,500 soccer fields. It is positioned near the village of Bosgo, about 45 kilometers west of the capital, Bangui.
The decree also refers back to the mining regulations of the country and a law of 2023 that supports the tokenization of natural resources. This indicates that the tokenized country is meant for the usage of mining. In the past, the mining sector of the automobile has drawn foreign interest, including groups corresponding to Russia's Wagner, which has operated gold and diamond projects within the region.
$ Car token rose 100% before the announcement
The price for cars value $ began to extend days before the official messages. After trading near $ 0.025 on May 26, the token rose by 100%. The price of the token reached around 0.05 US dollars on the day of the announcement. The token has increased greater than 127% last week and now has a market capitalization of over 56 million US dollars. It has greater than 18,400 item pockets.
Source: Coingecko
$ Car token began in February 2025 after a series of social media statements by President Touadéra. He presented the coin as a national experiment to mix residents and draw the worldwide attention to the automobile. At its peak, the market capitalization of $ automobile reached almost $ 884 million, but quickly decreased because of unclear use cases and the fading of public interest. Despite the most recent profits, the token still acts almost 93% below the all -time high of USD 0.70.
Touadéra continues to advertise $ automobile on its social media contributions. In April he invited the 100 best owners of the token to a private meeting in Dubai. This is an analogous promoting strategy because the one which is used through the introduction of Donald Trump's $ Trump token.
The country's Sango Coin project is hiring
This recent country initiative comes when the country officially ends its former crypto experiment Sango Coin. Sango was promoted as a digital currency in reference to national resources in 2022, but finally lost the support of the investors. On April 29, the Sango team announced that the project will not be continued in its original format, but indicates future developments inside the framework of a revised framework.
