CAR is a controversial meme token launched on Solana, claiming to represent a national experiment by the Central African Republic. While it grabbed headlines for its alleged presidential endorsement, its legitimacy and safety have come under heavy scrutiny.
Is CAR a Government-Backed Token?
The token claims ties to the Central African Republic government, but the evidence is murky. A video featuring President Touadéra was suspected to be AI-generated, and his social accounts promoting CAR were later suspended.
What Are the Tokenomics Behind CAR?
Reports stated a supply of 1 billion tokens, with 35% earmarked for national development and 10% for charitable use. However, over 60% of tokens are held in a few wallets, raising serious concerns about centralization and potential manipulation.
What Security Issues Have Been Reported?
CAR-linked pages and Telegram groups were found to contain phishing links. The official website became inaccessible soon after launch, further casting doubt on the token's safety and transparency.
What's the Latest With CAR Tokenization?
In May 2025. the CAR government announced it would tokenize 1.700 hectares of land using CAR tokens—allegedly for gold and diamond mining. Despite the bold plan, skepticism remains due to the token's shady history and the failed Sango Coin project.
Conclusion
CAR might claim national backing, but its deepfake controversies, phishing risks, and extreme volatility suggest caution. While it may evolve into a unique experiment in national tokenization, it currently poses more red flags than real promise for investors.
