From Crypto to the Caribbean: Huobi Paves the Way for Dominica’s Digital Revolution

Published in
4 min readMar 23


🔹Huobi Helps Build The Dominica Metaverse!

Are you a fictional move fan? Have you watched Ready Player One, The Matrix or Free Guy? What does metaverse mean to you?

With the digital economy and AI technology promotion, many possibilities were developed into web 3.0 world. Huobi is always picturing the future opportunities for web 3.0. And now we are cooperating with Tron and DMC Labs to build a Dominica Metaverse. We welcome you to become part of the Dominica Metaverse.


“This digital identification project is a significant milestone for us as it marks the first Web 3 initiative since the passage of our Crypto Ordinance last year. We are excited about the prospect of blockchain innovation and look forward to continued collaboration with Tron to advance the digital economy for Dominica,” said Roosevelt Skerrit, Prime Minister of the Commonwealth of Dominica.”

🔹What is Dominica Metaverse Digital Identity?

In web 2.0, all platforms identify users based on IP or unified phone numbers. In the web 3.0 world, users’ identities are connected by Digital ID, allowing all users to protect personal data.

To advance the globalization of Web 3.0 and the metaverse, Huobi is excited to announce that Dominica Decentralized Identity (Dominica DID) is now open for applications on Huobi. Dominica DID will become the infrastructure of the future metaverse, a solid starting point for humanity’s digital migration, and a bridge connecting the real world and the virtual world. Users can simply KYC with Dominica Digital Citizenship but each L3-verified user can apply for only one Dominica DID. And users with Dominica DIDs will be able to generate Dominica Metaverse Bound Token (DMBT) on the Tron network.

🔹What users can get with a Dominica DID:

  • Can be used as a KYC verified ID of the mainstream trading platforms (Metaverse KYC, embracing a new era of Web 3.0 DIDs
  • Can be used to open bank or financial accounts based on local laws and regulations
  • Can be used to apply for loans
  • Can be used to register companies that provide digital service
  • Can be used to claim digital currency airdrops
  • Can be used for KYC verification
  • More to come…

Dominica DID is Now Open for Application

Enter our Twitter giveaway to share $1000 USDT!

🔹How can you acquire a Dominica Metaverse Bound Token?

As mentioned above, users with Dominica DIDs will be able to generate Dominica Metaverse Bound Token (DMBT), which is under authorization of the Dominica government. DMBT is a type of blockchain-based soulbound token with features of non-transferable, revocable, and unique. Users can simply upload ID picture and connect to Tron Wallet on Huobi APP to mint for DMBT with a minting fee of 1 USDT or HT/TRX equivalent. The DMBT gives users equal rights in the Dominica Metaverse mapped from the real world.

Mint a Dominica Metaverse Bound Token (DMBT)

🔹Are you eligible to get a Dominica Coin?

The answer is everyone on Huobi with KYC is eligible to get DMC! DMC is the world’s first national token endorsed by the Dominica government. It serves as a symbol displaying the embracement of countries to virtual assets and metaverse. DMC is issued on the TRC 20 standard and will be expanded to the ERC 20 and BEP 20 standards. It will support the cross-chain interaction with Ethereum and BNB Smart Chain through the BitTorrent Chain protocol. With the Dominica Coin, users can unlock infinite applications in the Dominica Metaverse as well as can enjoy visa-free access to global travel in reality.

🔹What are privileges to hold DMC Token:

  • DMC is required when users sign up for Dominica DIDs and when users renew the Dominica DIDs.
  • DMC holders have the opportunity to obtain passports issued by the Government of Dominica, which allows holders to enjoy visa-free access in over 130 countries and regions around the world, including the EU, Switzerland, the UK, Singapore, Russia, Brazil, Hong Kong, etc.
  • Just like TRX, USDD, and other tokens, DMC 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.
  • In the future stage of Dominica Metaverse, DMC will be used to build the Metaverse as a basic token. DMC holders will enjoy a variety of privileges in the Metaverse.
  • DMC holders are eligible for airdrops of TRX, BTT, SUN, JST, and DMC


If you had a chance, would you become the metaverse citizen in Dominica? As part of the beautiful island in the Caribbean facing the Atlanic Ocean and the Caribbean Sea, Dominica has never been in wars or conflicts. It’s safety and stability adds on a lot to its beautiful nature sceneries.

Dominica is also one of the first countries to launch a citizenship by the investment program in the Caribbean. This program is always under high demand, and the demand will increase as the Dominica Metaverse becomes more mature. Now it’s your chance to be the first mover from web 2 to web 3.0, would you like to join us?

Thanks for reading, and please let us know in the comments what you think about the DMBT token. Lastly, make sure to follow Huobi on our social channels to stay updated on all things crypto.

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