TechFlow news — On November 29, Huobi announced an official high-level government collaboration with TRON, DMC Labs, and the Commonwealth of Dominica to jointly launch the Dominica Coin (DMC) and national digital identity (DID). This marks Huobi’s first major partnership following its brand upgrade, representing a significant step in its global expansion strategy and positioning itself as a pioneer in advancing the Web3.0 era and the age of digital identities in the metaverse.
DMC is a token issued on the TRC-20 protocol and will be officially launched via Huobi Prime. Holders of DMC will receive the national digital identity of Dominica, granting them citizen-like privileges in the digital world. Use cases for DMC include KYC verification on major trading platforms, opening local bank accounts, applying for credit loans, and registering digital service companies.
