Founded by Justin Sun Tron and cryptocurrency exchange Huobi, the world’s first national your altcoin announced that they are going to launch it.
Dominican Government Announces Giving Digital Identity to Holders of DMC Altcoins Jointly Issued with Justin Sun
Exchange Huobi, which is alleged to be the secret owner of Justin Sun, a controversial figure in the cryptocurrency world, announced that the firm has partnered with DMC Labs alongside Tron to launch Dominica Coin (DMC).
However, it was also reported that the approval of the government of Dominica, a small island country, was received for the launch of DMC. Sun shared the latest partnership with the community in a statement on Twitter.
The three platforms have been approved by the Dominican government to issue Dominica’s national token, Dominica Coin (DMC) and Digital Identity (DID). DMC holders will be granted digital citizenship of Dominica.
As a TRC-20 token authorized and issued by the Dominican government, DMC will support cross-chain interaction with Ethereum and BNB Smart Chain via BTTC Bridge. Tokens will be issued through Huobi Prime and the platform will airdrop DMC and Dominica DIDs to all registered users.
Happy to collaborate with Dominica government to jointly launch the world’s first national token on #TRON, #DMC (Dominica Coin) ten @HuobiGlobal prime! @trondao pic.twitter.com/mRpLUcDkvA
— HE Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 29, 2022
According to the statements, users will be able to complete KYC verification using their Dominica Digital ID.
A physical certificate issued by the Dominican government will be available to beneficiaries upon payment of a certain fee.
In the statement made by Huobi, the following statements were used on the subject:
“Huobi’s collaboration with Dominica is a major step towards making the Caribbean region a global crypto hub. It will generate a new trend of cooperation between the crypto industry and sovereign countries.”
*Not investment advice.
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