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Huobi’s Accouncement on Partnering With Tron To Launch First National Token DMC

Dear Users,

In our latest efforts to advance the global development of Web3.0 and Metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world's first national token DMC (Dominica Coin) under the authorization of the government of the Commonwealth of Dominica. The parties involved here will also roll out the Dominica DID, also a first to a nation, in proper time. Both Dominica DID and DMC were originally issued on Tron Network. Later on, they will support cross-chain interaction with Ethereum, BSC, and other public chains via the BitTorrent Chain protocol. Tron Network is the designated national blockchain infrastructure of the Commonwealth of Dominica. Our vision for DMC and Dominica DID is for them to serve as an important certificate for users to access the future Metaverse world.

This is the first time for a digital token offering which has been officially authorized by a nation, and it is set to usher the virtual asset industry in a new era!

About DMC and Dominica DID

● The issuance of Dominica Coin (DMC) is endorsed by the Dominica government. DMC is the world’s first national token, as well as a symbol displaying the embracement of countries to virtual assets and metaverse. DMC is issued on the TRC 20 standard and will be expanded to the ERC 20 and BEP 20 standards. It will support the cross-chain interaction with Ethereum and BNB Smart Chain through the BitTorrent Chain protocol.

● DMC will be issued for sale through Huobi Prime. Meanwhile, Huobi will airdrop DMC tokens and enable the Dominica DID application to each registered user.

● Users can complete identity verification on Huobi with their Dominica DIDs. Users who have already completed identity verification will also acquire the Dominica DIDs.

● A Dominica DID-verified account enjoys the same rights and interests as an account verified via any other nationality on the premise of compliance with laws and regulations.

● Users can transfer their Dominica DIDs to the Tron network to generate Soul-Bound Tokens (SBTs) which entitle the holders to all rights and interests endowed by SBT. Moreover, in the Dominica Metaverse, SBT holders are entitled to Metaverse Dominica digital citizenship that is completely mapped from the real world.

● Official physical certificates of DIDs are available after users have filled in the mailing address and paid the necessary handling cost.

DMC Token Privileges

DMC is required when users sign up for Dominica DIDs.

DMC is required when users renew the Dominica DIDs.

DMC holders have the opportunity to obtain passports issued by the Government of Dominica, which allows holders to enjoy visa-free access in over 130 countries and regions around the world, including the EU, Switzerland, the UK, Singapore, Russia, Brazil, Hong Kong, etc.

Just like TRX, USDD, and other tokens, DMC is granted a statutory status as an authorized crypto in the Commonwealth of Dominica and can be circulated locally in Dominica as a means of payment.

In the future stage of Dominica Metaverse, DMC will be used to build the Metaverse as a basic token. DMC holders will enjoy a variety of privileges in the Metaverse.

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