Central African Republic coral coin listing plan 2022 has been put on hold for the last quarter of the year, as well as the scheduled unlocking of 5% of the token holders’ portfolio, a statement from the team pushing the token said. The decision to delay listing the coin was prompted by what the team called “current market conditions.”
Delayed planned token unlocking
Nearly eight months after becoming the first African country to adopt Bitcoin, the Central African Republic (CAR ) recently announced that its “Sango” crypto token is on schedule. In a statement reportedly posted on the sango coin Telegram group, the team promoting the token claimed that “current market conditions” necessitated this decision.
In addition to the listing delay, the CAR team said the planned unlocking of up to 5% of sango holders’ portfolios has also been postponed. According to the token information available on Sango’s official website, CAR hoped he would list the coin by the end of 2022.
However, just like the country’s decision to make Bitcoin legal tender has faced a series of problems, so too has the Central African Republic’s coral coin faced a series of challenges. Chief among these is the seemingly limited investor interest in Sango Coin. A court ruling declaring the government’s plan to grant national citizenship to coral coin holders unconstitutional is also believed to have dampened investor interest.
Additionally, many Bitcoiners, who were the first to back his CAR’s decision to make cryptocurrency the premier fiat currency, have questioned the motives behind the Coralcoin initiative.
“Sango Bitcoin Sidechain Testnet”
Despite these and other obstacles, the Central African Republic government is still in “Cycle 2”. We are proceeding with the sale of a certain token. Also, as indicated in the token roadmap, CAR will move forward with his “Sango Bitcoin sidechain testnet” in the first quarter of 2023, before launching its so-called nationwide mobile his smartphone program. increase.
Regarding his CAR government’s plan to grant citizenship to investors who acquire or hold $60,000 worth of coral coins, an unidentified Telegram moderator said, “More on this next month. It will be updated,” he said.
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