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CAR President Approves Tokenizing Land With $CAR Coin on Solana Blockchain

  • CAR’s president approves the tokenization of land using $CAR on Solana blockchain starting June 2025.
  • $CAR token surged 11% post-announcement, up over 127% in a week amidst a volatile crypto market.
  • This initiative could revolutionize land ownership, although concerns arise regarding mining and local impacts.
  • The move by Central African Republic aims to introduce transparency and accessibility in land concessions through $CAR token on Solana.

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