The Central African Republic (CAR) has begun selling 5% of its total supply of Sango Coin – the national cryptocurrency of the country. The sale began at the beginning of this week, with 200 million Sango Coins available at the equivalent of 10 cents each.
Buyers require a minimum of $100 in the accepted cryptocurrencies to participate in the sale, which includes Bitcoin, Ether, BNB Coin, or one of four supported stablecoins.
Sango Coin will be used in the CAR's plans to tokenize its mineral resources, and will run on a Bitcoin sidechain via a two-way peg mechanism.
Bitcoin futures market data shows that sentiment has improved among institutional traders, according to Arcane Research – despite a massive 31% discount on Grayscale GBTC shares.
Premiums being paid by CME Bitcoin futures clients are rising, also on par with premiums on international exchanges. However, Arcane also cautioned that there is still significant leverage in the market, with "elevated" open interest.
Unstoppable Domains, a provider that issues domains as NFTs, has achieved "Unicorn status" with a valuation of over $1 billion following its Series A funding round.
The round raised $64 million, led by Pantera Capital with contributions from Polygon, CoinDCX and CoinGecko. Unstoppable Domains will use the funding to grow partnerships with Web3 apps and further develop its product.
