The Central African Republic (CAR) will begin tokenising over 1,700 hectares of land using its national meme coin,$CAR, according to President Faustin-Archange Touadera. The announcement came shortly after a notable price surge in the token, which has risen over 127% in the past week.

From June, land concessions will be accessible online via$CAR on the Solana blockchain. The initiative is part of the country's broader push to integrate crypto into its national development strategy, with a focus on transparency and accessibility.

The targeted area lies west of Bossongo, roughly 45 kilometres from Bangui.

The land tokenisation follows earlier crypto efforts such as Sango Coin, which has since been scrapped. However,$CAR continues to receive strong backing from the president.

The coin now has more than 18,400 holders and a market cap of over$56 million. Its recent use may also involve mining, as the decree references CAR's mining laws and history of resource extraction.

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