Owner system

The First National Digital Currency System Built by the Central African Republic Powered by Blockchain

In this regard, the Central African Republica country located in the heart of Africaregion with untapped growth potential, is working on a new structuring of its economy, paving the way for a digital future:

“There is already a vision for Africa: a common cryptocurrency and an integrated capital market that could boost trade and support growth.” Faustin-Archange Touadéra, President of the Central African Republic.

The Central African Republic plans to raise a total of $1 billion by issuing the first national digital currency, called SANGO. Once raised, the capital will be used to tokenize the country’s resources, offering investors around the world the opportunity to contribute to it, benefit from it and build the entire digital infrastructure, based on the Sango blockchain, a new Layer-2 Bitcoin sidechain.

With over $2.2 trillion in iron ore and another $60 billion in each individual resource of gold, oil, diamonds and lithium, CAR is leading the way in democratizing access to resources. Tokenization provides access to global capital in a democratic and transparent way, allowing investors of all sizes to buy fractional assets representing the country’s resources.

From decentralizing and tokenizing its resources to offering citizenship, electronic residency and land by locking the newly minted coin, Sango will govern the entire economic ecosystem of the Central African Republic. It already appears that other African countries are showing significant interest in finding similar digital solutions.

The initiative has already become mainstream as it is backed by the country’s administration and also applauded by big names in the industry and across Africa. Changpeng Zhao (binance), Michael Saylor (MicroStrategy), Ricardo Salinas Pliego (Salinas Group) and Ruben Abati (Nigerian Presidential Spokesperson) are among those who have shown their support on Twitter since the official announcement.

The official GENESIS PAPER { https://sango.org/genesis-paper.pdf } by Sango was released with the Concept Deck for a full understanding of the technical complexity and benefits of the ambitious Central African project. SANGO, the first national digital currency is also the first currency to be partially backed by Bitcoin “digital gold”.

Since yesterday, the platform is also open for registrations and KYC. The official launch date for SANGO GENESIS has been set for July 25 and will mark the start of a new era for the Central African Republic and maybe for the whole world.

This new economic approach highlights the integration and potential participation of the whole world in the development of a country, with unlimited investment possibilities for anyone in the crypto space and beyond.

For more details on Sango: https://sango.org/

Twitter: https://twitter.com/sangoproject

Photo – https://mma.prnewswire.com/media/1860550/SANGO.jpg
Logo – https://mma.prnewswire.com/media/1860551/Sango_Logo.jpg