{"id":64960,"date":"2022-07-27T14:14:24","date_gmt":"2022-07-27T11:14:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64960"},"modified":"2025-09-06T17:20:56","modified_gmt":"2025-09-06T14:20:56","slug":"central-african-republic-begins-token-sale-of-national-cryptocurrency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/central-african-republic-begins-token-sale-of-national-cryptocurrency\/","title":{"rendered":"Central African Republic Begins Token Sale of National Cryptocurrency"},"content":{"rendered":"<p>The Central African Republic (CAR) opened the public sale of its national cryptocurrency, SANGO.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Genesis Cycle is live! Now you can buy your <a href=\"https:\/\/twitter.com\/hashtag\/SANGO?src=hash&#038;ref_src=twsrc%5Etfw\">#SANGO<\/a> Coins at the Genesis price: $0.10. <\/p>\n<p>Secure your spot and invest as soon as possible. There are only 210,000,000 SANGO Coins remaining and the Genesis Cycle lasts 1 month.<\/p>\n<p>Invest now: <a href=\"https:\/\/t.co\/GEtReNQBad\">https:\/\/t.co\/GEtReNQBad<\/a><\/p>\n<p>\u2014 Sango (@sangoproject) <a href=\"https:\/\/twitter.com\/sangoproject\/status\/1551681709799870469?ref_src=twsrc%5Etfw\">July 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Genesis Cycle phase will last one month. During this period investors have access to 210 million coins at a price of $0.10. The listing price for the asset is set at $0.45.<\/p>\n<p>As of writing, buyers had purchased about 21,700 SANGO, or around 1% of the total supply.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/_fsZq4Vt4uH4KjNeiiimbXaJFFw8UGbodL9ZU4n4JHQES1BxxXrbcj1SeLDFcgWabYvoKTiQ-yPOkEgVZrYAe8tafcwxlaWhzwX5L-XeTeEwI2Ojzzj2cBVMLre56_b6069G1tSBJEWrwXW6Ui1p8Aw\" alt=\"\u0426\u0410\u0420 \u043d\u0430\u0447\u0430\u043b\u0430 \u0442\u043e\u043a\u0435\u043d\u0441\u0435\u0439\u043b \u043d\u0430\u0446\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u043e\u0439 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u044b\"\/><figcaption>Data: <a href=\"https:\/\/sango.org\/#coin\">sango.org<\/a>.<\/figcaption><\/figure>\n<p>The coin is issued on the Bitcoin sidechain. SANGO can be acquired with BTC, ETH, BNB and stablecoins USDT, USDC, BUSD and DAI on the BNB Chain and Ethereum networks.<\/p>\n<p>During the Genesis Cycle, the minimum purchase is $500. For investors at this stage, a lock-up period is set \u2014 they will not be able to move the asset for a year.<\/p>\n<p>There will then be 12 more cycles of monthly token sales. The price for these cycles is set at $0.15, but the minimum order size is reduced to $100.<\/p>\n<p>At the end of June, the CAR authorities <a href=\"https:\/\/u1f987.com\/en\/news\/car-to-establish-a-cryptocurrency-hub-and-enter-the-metaverse\">announced the Sango initiative<\/a>, aimed at promoting the country&#8217;s entry into the digital assets industry.<\/p>\n<p>On July 3, President Faustin-Archange Touad\u00e9ra <a href=\"https:\/\/u1f987.com\/en\/news\/car-launches-bitcoin-backed-digital-currency-sango-coin\">presented the national cryptocurrency<\/a> and a programme that envisages the creation of a crypto hub, the tokenisation of natural resources and the digitalisation of the economy based on blockchain technology.<\/p>\n<p>According to the government, SANGO is backed by Bitcoin.<\/p>\n<p>In April, the CAR <a href=\"https:\/\/u1f987.com\/en\/news\/central-african-republic-becomes-the-worlds-second-country-to-legalize-bitcoin\">confirmed<\/a> the first cryptocurrency as a means of payment on a par with the local franc.<\/p>\n<p>Follow ForkLog\u2019s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central African Republic has launched the public sale of its national cryptocurrency, SANGO.<\/p>\n","protected":false},"author":1,"featured_media":64961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[284,1269],"class_list":["post-64960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-africa","tag-cryptocurrencies"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64960"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64960\/revisions"}],"predecessor-version":[{"id":64962,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64960\/revisions\/64962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64961"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}