Faustin-Archge Toadéra’s Central Africa President has launched meme-lens in an effort to raise the country’s profile, which is one of the poorest in the world.
Meme-Coins are used to build popularity for a viral internet trend or movement, and fans are inspired to collect and give them value, but they are extremely unstable investments.
Touadéra announced a launch on his X account on his X account, and Monday said it was “success”. However, the value of the coin had a significant drop in prices up to 90%, according to the website of specialized.
2022. The car became the second world country after El Salvador adopted Bitcoin Crypto Currency as a legal terrain.
This initiative seems to be launched under the name Sango – it was not as successful as planned and his website no longer works.
It was an easier way to attract investors to mining and other country industry using bitcoin. The earth has a rich mineral deposit, including gold and diamonds.
Foreign investors could also obtain citizenship for cryptocurrencies in the amount of $ 60,000, although the plan was later judged by an unconstitutional court.
Touadéra launched meme-cin this week as an “experiment” of something that ‘can unite people, support national development and put [country] on the world stage in a unique way. “
But some expressed fears that it could be a fraud.
On Monday, Touadéra thanked those who believed in his vision.
He shared a video of high school, which he said was quickly deteriorating, saying that meme-coin would help support his “renewal and equipment” and provide “students an opportunity for a better future.”
Despite its potential, the car remains one of the poorest countries – a situation complicated by a civil war that has devastated most of the country.
Meme -coins are often criticized for their speculative nature, where users create or buy them in the hope that their value will grow and make a quick money – but many eventually lose money on them.
Just before his inauguration last month, US President Donald Trump launched his own meme-coin whose value has quickly grown and reportedly raised billions of dollars for him. The New York Times reported that it is now worth a quarter of its greatest value.
