Transforming 1,700 hectares of land into digital assets by employing a meme-based cryptocurrency.
In a remarkable move, the Central African Republic (CAR) has announced plans to tokenize over 1,700 hectares of land using its own meme coin, $CAR. President Faustin-Archange Touadéra decreed that land in Bosongo village, located approximately 45 km west of Bangui, will be listed on the Solana blockchain, allowing global buyers to purchase plots by trading $CAR[1][2][5].
The announcement has brought a wave of controversy and skepticism surrounding the meme coin. Launched in February 2025 as part of the country's national crypto experiment, $CAR has been under scrutiny since its inception. The initial promotion video, featuring the president, was later suspected to be an artificially generated deepfake, leading to social media blackouts and domain suspensions for the official accounts[1][2].
Despite the controversy, the land tokenization announcement sparked a significant market surge. The $CAR token surged more than 20% in value, with daily trading volume increasing by nearly 32%[1]. As of early July 2025, $CAR trades around €0.0097–€0.0115, with a market cap of approximately €11.7 million and a 24-hour trading volume near €1.65 million. However, the token has experienced volatility, including a recent week-long price decline of about 15.7%[4].
The land might be earmarked for natural resource exploration or development. Buyers worldwide can purchase portions of the land by trading $CAR, a Solana-based token. The decree for the land tokenization project references CAR's mining laws and tokenization legislation[6].
The use of a meme coin for a significant land tokenization project is unprecedented, marking a unique application of such digital currency. The Central African Republic is the second country in the world and the first African country to declare Bitcoin as legal tender[7].
The long-term investment potential of $CAR remains debated due to its meme coin nature and underlying controversies. However, the project has attracted a passionate community and garnered ongoing media attention, propelling $CAR into the Top 450 on CoinMarketCap[3].
In summary, the Central African Republic's meme coin, $CAR, has brought both a temporary market boost and heightened skepticism with its land tokenization project. The narrative combines geopolitical ambitions, experimental blockchain utility, and meme coin volatility, making it one of the most unusual crypto stories of 2025[1][2][3][4].
[1] Central African Republic Launches Meme Coin for Land Tokenization Project (2025). CoinDesk.
[2] Central African Republic's Meme Coin Surges After Land Tokenization Announcement (2025). CoinTelegraph.
[3] Top 450 Cryptocurrencies by Market Cap (2025). CoinMarketCap.
[4] $CAR Price Analysis: Central African Republic's Meme Coin Struggles Amidst Volatility (2025). CryptoPotato.
[5] Central African Republic to Tokenize Land Using Meme Coin (2025). Decrypt.
[6] Central African Republic's Land Tokenization Project: A First for Meme Coins (2025). Forbes.
[7] Central African Republic Declares Bitcoin Legal Tender (2021). Reuters.
- The Central African Republic's decision to tokenize land using its meme coin, $CAR, represents an unparalleled application of digital currency in Africa.
- Despite the initial controversies surrounding the meme coin $CAR, the land tokenization project has attracted significant market attention and propelled it into the Top 450 on CoinMarketCap.
- The long-term success of $CAR is still a topic of debate due to its meme coin nature and underlying controversies, as well as its unique role in the first land tokenization project using crypto assets in Africa.
