Tron blockchain founder Justin Sun made an important announcement. Sun is the world’s first national token, partnered by Huobi Global’s Tron DAO and DMC Labs. Dominica Coin announced the launch of (DMC).
The DMC token, or Dominica Coin, is issued by a national government. With this feature, it will be the first national token of the Dominica Community.
The token made by Huobi is also metaverse will also be important. DMC will provide a decentralized identifier (DID) on the Tron network in due course. Nationally, this represents a first.
Huobi announced that it will also support Dominica DID for KYC verification. DMC is expected to be available for sale with the Huobi Prime event.
TRON Will Support Dominica National Token.
The issuance of Dominica DID as well as DMC token will initially take place via the Tron Network. Ethereum will be open for cross-chain interaction with BSC and other public chains that will be added via the BitTorrent chain protocol.
As a matter of fact, DMC will be of TRC-20 standard as it is based on the Tron network. It will also include ERC-20 and BEP-20 standards over time.
“Our vision for DMC and Dominica DID is to serve as an important certification for users to access the future Metaverse world.”
Huobi users will be able to airdrop the DMC token. For this they will have to wait for the DID app to be activated.
DMC holders will also have multiple benefits in the island state. Among other things, they will have the opportunity to obtain a passport from the Community of Dominica under citizenship through the investment program.
In addition, DID can be used to open a bank or financial account, apply for a loan, KYC verification and business registration in accordance with local laws and regulations.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.