DMC will be the first token officially issued by a nation's government and will be legal as a payment method throughout the country.
The Caribbean nation of Dominica has launched the world's first national cryptocurrency, called Dominica Coin (DMC), in partnership with Huobi Global, DMC Labs, and Tron. This is the first token launch to be officially approved by a nation’s government.
The DMC token will be considered legal means of payment throughout the national territory of Dominica.
What is DMC token?
DMC is a token with TRC 20 standard, as it runs on the Tron blockchain and is expected to have interoperability with the Ethereum, BSC and other networks at some point in the future, thanks to the BitTorrent Chain protocol.
The main objective of DMC and the future associated platform, Dominica Digital Identifier (DID), is to offer users a certificate and a payment method so that they can access the Metaverse.
DMCs will be required for users to access DID and verify your identity digital, as well as for the renewal of their digital credentials.
The holders DMC will have the opportunity to obtain passports issued by the Government of Dominica, which will allow them to enjoy visa-free access in more than 130 countries and regions around the world such as the European Union, the United Kingdom, Russia, Brazil and Hong Kong, among others.
In the future, DMC tokens will offer various benefits and advantages in the Dominica Metaverse.
Finally, the holders DMC will have options to receive token airdrops TRX, BTT, SUN, JST and DMC.
What will users be able to do with their DMCs?
Users can Transfer your Dominica DIDs to the Tron network to generate Soul-Bound Tokens (SBT) that offer holders a range of rights and benefits, most of which have not yet been made public.
Dominica Digital Identifier (DID) will be an identification system that can be used to perform, almost automatically, the Know-Your-Customer processes so that users have access to bank accounts, loans and all kinds of financial transactions, as well as the possibility of registering companies that offer digital services.
For example, SBT holders will be entitled to Obtaining citizenship in the metaverse of Dominica, which will represent the entire nation in virtual space.
The DIDs will be accompanied by official physical certificates, which will be available once users have filled out a simple form and paid the required administration fees.
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