The token #CAR associated with the Central African Republic has raised serious concerns about its legitimacy. Posts on X and some news articles have noted several red flags that could indicate that this could be a scam or a get-rich-quick scheme:

Launch Timing: The token was launched at an unusual time when most people in the Central African Republic were likely asleep.

Language Barrier: The country’s official language is French, but the announcement was made in English, raising suspicions.

Possible Deepfake: The video associated with the announcement has been flagged as a possible deepfake, adding to doubts about its authenticity.

Token Concentration: More than 60% of the total token supply is in the hands of a few wallets, indicating high risk for investors.

Scam Allegations: There is some speculation in the crypto community that this could be a major scam, given previous cases of politicians being hacked to promote fake coins.