CAR sets June 21 date for tokenised land sale
- The Central African Republic has announced June 21 as the launch date for its tokenised land sale.
- President Faustin-Archange Touadéra confirmed that all final checks for the project have been completed.
- The land sale will utilize the $CAR memecoin, which currently trades at $0.056.
The CAR's tokenised land sale represents a bold step towards integrating blockchain technology into real-world applications, particularly in developing countries. However, the project's success hinges on addressing significant concerns regarding transparency, legal protections, and investor confidence. A critical examination of the project's structure and governance is essential to ensure it does not replicate past failures in crypto adoption.
