Huobi and Tron collaborate to launch the world’s first national token, Dominica Coin


Founder of the Tron blockchain, Justin Sun, revealed that the Tron DAO, DMC Labs, and crypto exchange Huobi Global have joined forces to jointly launch the Dominica Coin (DMC), the first national token ever.

It is remarkable that the DMC token, which is authorized by the Commonwealth of Dominica, is the first national token ever issued in the world.

The token will serve as a portal to the metaverse, according to Huobi’s announcement. For that, DMC offers a decentralized identifier (DID) based on the Tron network that will be introduced “in due course.”

Huobi will subsequently support the Dominica DID for KYC verification as well. The upcoming Huobi Prime event will coincide with the launch of DMC.

The Dominica DID and DMC tokens will be released initially through the Tron Network, with cross-chain communication with Ethereum, BSC, and other open chains to be added using the BitTorrent chain protocol.

The Commonwealth of Dominica has designated the Tron Network as its national blockchain infrastructure.

Thus, the TRC 20 standard will serve as the foundation for DMC, which is anticipated to be expanded to include the ERC 20 and BEP 20 standards as well.


Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.