Besides the listing delay, the Sango team reportedly said the planned unlocking of up to 5% of Sango holders’ portfolios had been postponed as well. sangocoin tokenlisting
The Central African Republic’s plan to list the sango coin in the last quarter of 2022 has been put on hold, while the scheduled unlocking of 5% of token holders’ portfolios has similarly been postponed, a statement from the team promoting the token has reportedly said. The decision to delay the listing of the coin was prompted by what the team terms “current market conditions.
Besides the listing delay, the CAR team said the planned unlocking of up to 5% of sango holders’ portfolios had been postponed as well. According to the token information available on the official SangoHowever, just like the country’s decision to make bitcoin legal tender, which has faced a series of problems, the Central African Republic’s sango coin, too, has run into a series of challenges. Chief among these has been the seemingly limited investor interest in the sango coin.
In addition, many bitcoiners that initially supported the CAR’s decision to make the top cryptocurrency legal tender haveDespite encountering these and other setbacks, the CAR government is still proceeding with the token sale which is now in “cycle 2.” Also as shown by the token roadmap, the CAR will proceed with the “Sango bitcoin sidechain testnet” in the first quarter of 2023, before launching the so-called national mobile smartphones program.
Concerning the CAR government’s plan to grant citizenship to investors that acquire or hold $60,000 worth of sango coins, an unidentified Telegram moderator reportedly said “more updates about this will be made next month.”Tags in this story
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