Huobi has said that it will be launching the world’s first national token called Dominica Coin (DMC) — endorsed by the Commonwealth of Dominica.
As the world’s first national token, DMC will be issued on the Tron blockchain (TRC20) initially, then later expanded to both Ethereum (ERC20)and Binance Smart Chain (BEP20).
Furthermore, Huobi state that the DMC token will allow holders the opportunity to obtain passports issued by the government of Dominica, enabling holders access to over 130 countries without a visa.
The DMC token “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.”
Huobi said that future plans include a Dominica Metaverse, using the DMC token as a native token and that holders “will enjoy a variety of privileges in the Metaverse.”