the Central African Republic has started the sale of its token

The Central African Republic’s Sango project is slowly taking shape as the country began selling the token to the public. This will allow them to acquire Central African citizenship, but also to purchase plots of land in the future cryptocurrency district in Bangui, the capital.

The sale of Sango Coin to the public is open

The Central African Republic is born, known for some months for its opening to cryptocurrencies the sale of the Sango coin this week.

Thus the Sango project, which we have already spoken about several times, seems to take shape little by little. This sale takes place in 13 cycles and for the moment phase 0 has just started a month ago. 210 million tokens on the market.

The starting price is $ 0.10 and will go up to $ 0.37. In total, the Sango Coin is expected to sell to 4.2 billion units and each of the cycles will require token locking for one year.

At the time of writing, 11.6 million tokens have been sold so far.

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A token with multiple functions

The purpose of the Sango Coin sale is to finance cryptographic projects of the Central African Republic. For example, from the next stage, it will be possible to use your tokens to acquire citizenship of the country.

It will cost $ 60,000 Sango Coin, which will be blocked for five years. A Central African passport will be issued and investors will benefit from the cryptocurrency income tax exemption.

An “electronic residency” program is also on the way, blocking $ 6,000 for 3 years. If the “e-Residence” does not confer citizenship, it still offers advantageous taxation and allows to simplify the administrative procedures for the actors who wish to be involved in the Sango project.

In the same vein, $ 10,000 worth of investments, frozen for 10 years, will allow for the acquisition of 250 sqm of land in the future cryptocurrency district of Bangui, the country’s capital. The equivalent of this earth must also be represented in a future metaverse.

While everything is yet to be built and nothing yet allows us to know whether Sango will be a success or a failure, it is necessary to recognize the unprecedented character of this initiativemoreover coming from a government.

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Source: Sango Project

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