CAR’s Touadéra confirms $CAR land tokenisation platform launch, eyes natural resources next
- The Central African Republic launched its land tokenisation platform in June, allowing global purchases of land using the $CAR memecoin.
- Over 1,700 hectares of land are available for acquisition, primarily for agriculture or construction.
- The $CAR token experienced a brief price rebound of over 20% following the announcement.
The Central African Republic's initiative to tokenize land using a memecoin is a bold and innovative approach that could potentially attract foreign investment. However, the controversies surrounding the $CAR token and its significant price volatility raise concerns about the project's sustainability and credibility. It will be crucial for the government to ensure transparency and build trust to avoid becoming another cautionary tale in the volatile crypto landscape.
