The Central African Republic Meme Coin ($CAR) is a cryptocurrency launched by the Central African Republic (CAR) government as part of its efforts to integrate blockchain technology into its economy. Built on the Solana blockchain, $CAR aims to promote national unity, attract investment, and enhance the country’s global visibility. A significant portion of the token supply (45%) is earmarked for development and charitable initiatives.
$CAR operates on Solana, a blockchain known for its high scalability and low transaction fees. Key technical features include:
Despite its national backing, $CAR primarily functions as a speculative asset, with its long-term adoption remaining uncertain.
Although $CAR has no major real-world applications, it is positioned as a symbolic and speculative asset with potential in:
No major partnerships have been announced, but government backing provides legitimacy to the project.
$CAR was officially launched in February 2025, with President Faustin-Archange Touadéra announcing the initiative. Key milestones include:
While $CAR has gained attention as a national experiment in blockchain adoption, its long-term viability remains uncertain, given the inherent volatility of meme coins.