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The Central African Republic is tokenizing over 1,700 hectares of land for potential mining activities using the $CAR token on Solana. President Touadéra announced the move, citing transparency and crypto integration. The $CAR token surged 21% following the news.
- The $CAR token surged 21% post-announcement, though gains started earlier, now up 127% this week.
- The tokenized land may be designated for mining, referencing CAR’s mining code and 2023 tokenization laws.
- CAR’s previous crypto project, Sango Coin, is being discontinued but may relaunch with a new strategy.
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