Cryptocurrency exchange Huobi has received approval from the Dominican government to issue the world’s first national token. The project will be run in partnership with the Tron (TRX) network, led by Justin Sun.
Huobi made a statement on its official website. “Dominica Coin” (DMC) announced that they had reached an agreement with the government to remove it. Representing a first in the world this project Justin Sun led by Tron will be run in partnership and token tron network (TRC-20) will work on it. to the development of the project DMC Labs will contribute. According to the statement, the national token in question “in a convenient time” will be released. In addition, the DMC infrastructure will continue in the upcoming period. BitTorrent (BTT) It will be expanded in accordance with ERC-20 and BEP-20 standards.
In our latest efforts to advance the global development of Web3.0 and Metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world’s first national token DMC (Dominica Coin) under the authority of the Dominica government. Parties involved here will also launch Dominica DID (digital identity), a first for a nation, at the appropriate time. Both Dominica DID and DMC will first work integrated on the Tron Network.
Huobi to Dominican citizens whose DMCs have ID verified airdrop will send with. In order for citizens to participate in the airdrop KYC (customer recognition) will be required and for this process Dominica Digital ID will be accepted by the stock market. On the other hand, when users or citizens register for Dominica DIDs, they will need to hold DMC tokens and this registration system will be enabled by Huobi.
What will be the advantages of DMC?
Dominica of the metaverse In its future phase, DMC will be used to build Metaverse as a base token. DMC holders will enjoy various privileges in the metaverse. However, DMC owners will be determined by Huobi. TRX, BTT, SUN, JST airdrops they will qualify.
DMC holders are issued and owned by the Dominican government. EU, Switzerland, England, Singapore, Russia, Brazil and hong Kong worldwide, including more than 130 countries and visa-free access in the region enabling passports will have the opportunity to receive
DMC’s in Dominica in the upcoming period a local payment instrument It is also planned to be put into circulation in the market.
Huobi last week that it will move its headquarters to Dominica gave strong signals. In addition, Tron had signed an agreement with the Dominican government to issue a national fan token to promote the island’s heritage and tourism.