Justin Sun, crypto mogul and founder of the Tron blockchain, has scored another coup. Sun announced a few hours ago that crypto exchange Huobi Global has teamed up with the Tron DAO and DMC Labs to jointly launch the world’s first national token, the Dominica Coin (DMC).
Remarkably, the DMC token is the world’s first national token under the authorization of a national government, in this case the Commonwealth of Dominica.
💪@HuobiGlobal partnered with @trondao and DMC Labs to jointly launch the world’s first national token, #DMC (Dominica Coin).
🔥#Huobi also supports Dominica Digital ID for KYC verification. https://t.co/UFe6QEzIrr
— H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 29, 2022
According to Huobi’s announcement, the token will also be a gateway to the metaverse. For that, DMC provides a Tron network-based decentralized identifier (DID) that will be introduced “in due course.” This is also a first for a nation.
Subsequently, Huobi will also support the Dominica DID for KYC verification. DMC is slated to go on sale with the upcoming Huobi Prime event.
Tron Is The Designated National Blockchain Of Dominica
The issuance of the Dominica DID as well as the DMC token will initially happen via the Tron Network, with cross-chain interaction with Ethereum, BSC, and other public chains to be added via…
