<a href="https://www.cryptoknowmics.com/news/huobi-reveals-new-brand-and-post-acquisition-global-growth-plan">Huobi</a> announced its <a href="https://www.huobi.com/support/en-us/detail/54924020805230">collaboration</a> with TRON, DMC Labs, and the Commonwealth of Dominica to issue a national fan token that will focus on promoting the culture, heritage and tourism of the country.  The government of Dominica approved the three platforms to produce Dominica Coin (DMC), the country's official coin, and Digital Identity (DID). Holders of DMC will receive Dominican digital citizenship. After rebranding, this is the company's first big move toward becoming a significant player in the metaverse and <a href="https://www.cryptoknowmics.com/news/mir-list-launched-global-expansion-based-on-web-3-0-concept">Web 3.0</a>, as well as the first critical element in Huobi's plan for worldwide expansion.

https://twitter.com/HuobiGlobal/status/1597474124292423680
<h2>DMC to Launch on Huobi Prime</h2>
DMC and DID, which are both issued by independent nations and will be made available on Huobi Prime, are built on the<a href="https://www.cryptoknowmics.com/news/cryptos-justin-sun-says-he-owns-tens-of-millions-huobi-tokens"> TRON network</a>, Dominica's recognized national <a href="https://www.cryptoknowmics.com/news/di-iorio-launches-new-project-to-expand-access-to-blockchain-technology">blockchain technology</a>. Users need the DID and Dominica Coin to reach the metaverse's future reality.

DMC offers cross-chain connection with <a href="https://www.cryptoknowmics.com/news/ethereum-staking-as-a-service-startup-kiln-acquired-17-6m">Ethereum</a> and <a href="https://www.cryptoknowmics.com/news/national-bank-of-kazakhstan-nbk-to-test-bnb-chain-for-digital-currency">BNB Smart Chain</a> through the BTTC Bridge as a TRC-20 token approved and distributed by the Dominican Republic government. Dominica Coin and Dominica DIDs will be given away to all enrolled users of the platform together with the tokens through Huobi Prime.
<h2>KYC Verification and DID</h2>
By utilizing their Dominica DID, users can complete their <a href="https://www.cryptoknowmics.com/news/oasis-labs-partners-with-equifax-to-enable-kyc-for-web3-economy">KYC verification</a> or refresh it. It is acknowledged that users verified with Decentralized IDs enjoy the same rights as people of other nations. The primary uses for DID are KYC authentication on significant exchanges, opening Dominican bank accounts, loan documents, and registration of digital businesses.

Huobi Partners With Tron Network to Establish First National Token DMC

DMC and DID, which are both issued by independent nations and will be made available on Huobi Prime, are built on the TRON network.

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Huobi Partners With Tron Network to Establish First National Token DMC

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