Golden Finance, citing Decrypt, reported that the President of the Central African Republic, Faustin-Archange Touadera, made a significant announcement that starting from June, the country will rely on the national Meme coin CAR. Tokenize over 1,700 hectares of land in the western part of Bosongo Village, 45 kilometers west of the capital Bangui, on the Solana chain and conduct online sales. The presidential decree cited mining laws and tokenization laws, suggesting that this land might be used for the mining of gold, diamonds and other minerals in the future. This news has caused a strong stir in the global cryptocurrency and resource investment fields.
Looking back on the development history of the CAR coin, it was born with a special mission. On February 10, 2025, President Tuvadera personally announced the launch of the CAR coin, which was issued based on the Solana blockchain platform Pump.fun. From the perspective of token distribution, the top four wallet addresses hold a large number of tokens, and only 9.3% of the tokens are publicly issued, 35% are used for national development, 25% belong to creators and companies, 20.7% are injected with liquidity, and 10% are invested in charity. This distribution mechanism highlights the goal of CAR coins to contribute to national construction. The Central African Republic has long taken the lead in exploring the cryptocurrency field. In April 2022, it designated Bitcoin as legal tender, and in July 2023, it launched the Sango project. Now, the implementation of the Tokenization Act has laid a solid legal foundation for the tokenization of land this time.
This land tokenization plan is of profound significance to the Central African Republic. From an economic perspective, as a less developed country with a GDP of only 2.5 billion US dollars and an annual growth rate of 0.9%, its economy relies heavily on agriculture, forestry and a few export products. 70% of the population lives in rural areas, with weak infrastructure and prominent poverty problems. The tokenization of land through CAR tokens can break through geographical restrictions, attract global capital, convert land resources into tradable digital assets, and raise a large amount of funds for national construction and improvement of people’s livelihood. From the perspective of resource development, by leveraging the convenience and global reach of cryptocurrencies, funds and technologies for resource development can be efficiently integrated, accelerating the development process of mineral resources such as gold and diamonds and enhancing the efficiency of resource utilization.
However, this innovative measure also faces many challenges. The high volatility of the cryptocurrency market is the first to be affected. The sharp fluctuations in the price of CAR coins may lead to the instability of the value of land tokens, affecting investor confidence and transaction security. In terms of legal compliance, although there are relevant bills to support it, issues such as legal conflicts and regulatory gaps in cross-border transactions still need to be properly addressed. Meanwhile, the certification of land ownership, the transparency of transactions, and the protection of investors’ rights and interests are all links that urgently need to be improved. Once loopholes occur, it will not only harm the interests of investors, but also may affect the country’s reputation and the progress of subsequent projects.
Looking globally, this attempt by the Central African Republic is highly pioneering. Deeply binding the national Meme coin with land resources has broken the traditional asset trading model and opened up a new path for the application of cryptocurrencies. In the future, with the launch of the June plan, its implementation effect will not only concern the economic transformation of the Central African Republic, but also provide important references for other countries around the world, especially developing countries, in promoting economic development and resource exploitation by leveraging emerging technologies. This experiment of combining cryptocurrencies with land resources is attracting worldwide attention, and its subsequent development is worth continuous attention.
Related Topics:
