TechFlow news — According to an email sent to pre-registered users of the country's crypto initiative, the Central African Republic (CAR) will launch the Sango platform on July 25. The Sango platform will serve as a central hub for crowdfunding, distribution, and community support efforts. Sango is a national cryptocurrency project developed by the CAR government, with Sango Coin (SANGO) serving as the native currency of the ecosystem. The total supply of SANGO is capped at 21 billion tokens.
According to the recently released Sango Genesis whitepaper, Sango will function as a private Bitcoin sidechain similar to Blockstream’s Liquid Network. The document states that Sango would operate most effectively as a digital currency system if deployed as a Bitcoin sidechain rather than settling transactions directly on the Bitcoin network. The Sango Layer 2 will feature built-in Bitcoin interoperability through a two-way peg mechanism. Users depositing BTC into the Sango sidechain will mint Sango Bitcoin (s-BTC), which can then be exchanged for SANGO. The Sango sidechain will consist of 21 validator nodes responsible for facilitating transactions on the network. These validators will be controlled by elected officials, including the president, federal ministers, and members of the National Assembly.
