The shadows of the FTX crisis linger, but these altcoin projects continue to grow. Finally, this cryptocurrency exchange has taken steps for the world’s first national coin.
The world’s first national altcoin project is coming
cryptocoin.com As we reported; TRON CEO Justin Sun sits on Huobi’s advisory board. After Justin Sun became a member of the advisory board, the stock market continues to grow with new steps. Finally, it was announced that a partnership was established between Huobi, Tron Network and the Dominican Republic. However, it is stated that the first steps have been taken for the issuance of DMC Coin.
Cryptocurrency exchange Huobi announced that it has partnered with Tron Network and DMC Labs. In the statements made after the partnership, it was stated that the world’s first national altcoin project DMC (Dominica Coin) will be launched. In addition, it is among the information conveyed that permission has been obtained by the Union of Dominican Republics in this regard. In addition to DMC, it is stated that a digital identity called Dominica DID will be issued.
Planned to launch first on Tron network
It is stated that the altcoin project DMC will first be launched on the TRON network. It is reported that the altcoin project will later build bridges and merge with Ethereum, Binance Smart Chain and other chains. It was also stated that these chain provisioning operations will be done together with the BitTorrent Chain protocol. The statements made included the following:
It will be an important step for the metaverse space.
It is stated that the TRON network is the national blockchain infrastructure provider of the Dominican Republics Union. In addition, the following statements are included in the statements:
Tron Network is the official national blockchain infrastructure provider of the Dominican Community. Our vision for DMC and DID will enable them to act as an important support for users to access the metaverse in the future. With the project, it will be the first to be officially authorized by a government and will take the metaverse industry to a new level.
Huobi Prime will support altcoin
It is stated that DMC will be offered to the markets through the Prime arm of the cryptocurrency exchange Huobi. It is also stated that it can be distributed to users via airdrop. Afterwards, Dominik digital identity is also offered to registered users. Thanks to the DID verified account, citizens of other countries will have the same rights as other verified accounts.
It was stated that DIDs can also be used to create Soul-Bound tokens (SBT) through the TRON network. SBT holders will also have a Dominican digital identity in the Dominican Metaverse, crafted from the real world map. TRON CEO and Huobi advisory board member Justin Sun has also become the World Trade Organization ambassador of Grenada, one of the countries of the Caribbean Islands.
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