The Central African Republic (CAR), which already uses Bitcoin, tried a new cryptocurrency experiment! They launched a meme-coin called $CAR to help their country. Meme-coins are like digital stickers that people collect, hoping their value goes up. Unfortunately, this experiment didn't go as planned.
- The $CAR coin lost a lot of value very quickly – up to 90%!
- The CAR government hoped to use it to attract investors and improve the country.
- The coin's launch was described as an experiment to unite people and help the country.
- Some people worried it might be a scam.
| Fact | Number |
|---|---|
| Percent value drop of $CAR | 90% |
| Cost of CAR citizenship (crypto) | $60,000 |
