Huobi Collaborates with Tron for the Launch of the Initial National DMC

Huobi has declared its collaboration with Tron, DMC Labs, and the Commonwealth of Dominica. The 3 entities were persuaded on the behalf of the Dominica government for launching the national token of Dominica, Dominica Coin (DMC), as well as Digital Identity (DID). The holders of DMC will have the opportunity of Dominican citizenship. This is considered to be the initial important move in the strategy of Huobi for its development across the globe following its rebranding.

Huobi Receives Authorization from Dominica for the Country’s Earliest National DMC

This manifests its enthusiasm to turn into a prominent name in the next level of the metaverse and Web3 industry. The basis of both DID and DMC is the Tron network (also known as Dominica’s formal nationwide blockchain infrastructure. They are to be introduced on Houbi Prime. The DMC as well as DID will be the significant credentials that the consumers would require to access the metaverse sector’s future.

As Dominican authorities are responsible for the authorization of a TRC-20 token, DMC has the capability of cross-chain communication with BNB Smart Chain and Ethereum via the BTTC Bridge. The issuance of the tokens would be carried out via Huobi Prime. The company will airdrop Dominica DIDs as well as DMCs to the entirety of the clients who are registered. The customers may accomplish KYC verification as well as reevaluation with the utilization of the Dominica DID in their possession.

Huobi has declared its collaboration with Tron, DMC Labs, and the Commonwealth of Dominica. The 3 entities were persuaded on the behalf of the Dominica government for launching the national token of Dominica, Dominica Coin (DMC), as well as Digital Identity (DID). The holders of DMC will have the opportunity of Dominican citizenship. This is considered to be the initial important move in the strategy of Huobi for its development across the globe following its rebranding.

Huobi Receives Authorization from Dominica for the Country’s Earliest National DMC

This manifests its enthusiasm to turn into a prominent name in the next level of the metaverse and Web3 industry. The basis of both DID and DMC is the Tron network (also known as Dominica’s formal nationwide blockchain infrastructure. They are to be introduced on Houbi Prime. The DMC and DID will be the significant credentials that consumers would require to access the metaverse sector’s future.

As authorities are responsible for the authorization, DMC has the capability of cross-chain communication with Ethereum via BTTC Bridge. The issuance of the tokens would be carried out via Huobi Prime. The company will airdrop Dominica DIDs as well as DMCs to the entirety of the clients who are registered. The customers may accomplish KYC verification as well as reevaluation with the utilization of the Dominica DID in their possession.

DMC Holders to Be Offered Dominican Citizenship in the Metaverse

It is known that the consumers having accomplished the verification process with Decentralized IDs possess the entirety of the privileges availed by the residents of the rest of nationalities. In the meantime, the consumers may transfer DIDs to TRON for the creation of Soul-Bound Tokens (SBTs). The holders of these tokens will be offered Dominican citizenship in the Metaverse. A particular amount would be charged on the issuance of a physical certificate by the government for holders.

DID’s chief use cases take into account KYC verification over well-known exchange platforms, the opening of Dominica-based bank accounts, loan applications, as well as digital enterprises’ registration. Huobi and Dominica’s partnership for DMC’s launch is considered to be a milestone for Huobi after its latest rebranding. After the authorization given by Dominica, the globalization strategy of Huobi will move toward Europe and Southeast Asia.

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DMC Holders to Be Offered Dominican Citizenship in the Metaverse

It is known that the consumers having accomplished the verification process with Decentralized IDs possess the entirety of the privileges availed by the residents of the rest of nationalities. In the meantime, the consumers may transfer DIDs to TRON for the creation of Soul-Bound Tokens (SBTs). The holders of these tokens will be offered Dominican citizenship in the Metaverse. A particular amount would be charged on the issuance of a physical certificate by the government for the holders.

DID’s chief use cases take into account KYC verification over well-known exchange platforms, the opening of Dominica-based bank accounts, loan applications, as well as digital enterprises’ registration. Huobi and Dominica’s partnership for DMC’s launch is considered to be a milestone for Huobi after its latest rebranding. After the authorization given by Dominica, the globalization strategy of Huobi will move toward Europe and Southeast Asia.