Huobi to issue Dominica Coin, approved by government of the island state of the Commonwealth of Dominica. Review by Crypto-Upvotes experts
Crypto exchange Huobi announced plans to launch the world’s first national token in honor of Commonwealth of Dominica. In cooperation with blockchain Tron Network and DMC Labs and with the approval of the island nation’s government. Dominica Coin will be launched on Tron Network.
The Commonwealth of Dominica is a state on the island of the same name in the Lesser Antilles in the Caribbean Sea. The area of its territory is 751 km², and its population is about 75 thousand people. Official currency is the Eastern Caribbean dollar. It is used in 8 countries of Organization of Eastern Caribbean States (OECS).
Project Huobi will also include the launch of the Dominica DID. Both Dominica DID and DMC will initially be issued on the Tron network. Because it has become Dominica’s national blockchain infrastructure. In the future, the developers plan to make the DMC token interoperable with Ethereum, BSC and other networks via the BitTorrent Chain protocol.
How to get DMC ?
DMC will be released on Huobi Prime. In addition, exchange will hold an airdrop of DMC tokens (giveaway). And it will also include a Dominica DID application for each registered user.
Users will be able to create Soul-Bound Tokens with Dominica DID on the Tron network. An SBT or non-transferable token is a type of NFT asset that is issued in a single instance and is tied to a specific blockchain address. In Metaverse Dominica, SBT holders will be entitled to digital citizenship of this metaverse. At the same time, they will be able to claim passports issued by the Dominica government. Which allow their holders visa-free access to more than 130 countries and regions around the world. Including EU, Switzerland, UK, Singapore, Russia, Brazil and Hong Kong.
Just like TRX and USDD tokens, DMC will have legal status in the Commonwealth of Dominica and can be used as a means of payment in that country. It will be used as a native token in the Dominica metaverse