TRON Becomes The National Blockchain Of Dominica
- The Commonwealth of Dominica has chosen TRON to develop and issue its official digital coin, Dominica Coin (DMC), marking a defining step forward in its journey in the Blockchain world.
- The Eastern Caribbean nation is aiming to raise awareness of its natural heritage and promote its tourist attractions on a global scale.
- DMC crypto token supports the Prime Minister’s envision of strong infrastructure, innovative developments, and a more diversified agricultural footprint.
The mountainous Caribbean island nation, the Commonwealth of Dominica, has recently announced its grand entry into the crypto world, with the cooperation of the leading blockchain company TRON.
According to recent developments, Dominica, which passed the Virtual Asset Business Act earlier in 2022, has chosen TRON to develop and issue its official digital coin, Dominica Coin (DMC), marking a defining step forward in its journey in the Blockchain world.
With its upcoming blockchain-based fan token, the Eastern Caribbean nation is aiming to raise awareness of its natural heritage and promote its tourist attractions on a global scale.
Country’s Prime Minister Dr. Roosevelt Skerrit commented on the historic move by stating:
“This is a historic step for Dominica in its drive to enhance economic growth by embracing digital innovation and appointing TRON Protocol as its designated national blockchain infrastructure.”
The DMC crypto token supports the Prime Minister’s vision of strong infrastructure, innovative developments, and a more diversified agricultural footprint to get ready for entrepreneurial possibilities.
Known for its beauty among tourists, the new development welcomes more than just visitors to the country.
“The open and cost-effective nature of the TRON blockchain infrastructure will play a vital role to better integrate Small Island Developing States like Dominica into the global economy in the future,”Skerrit stated.
H.E. Justin Sun, Permanent Representative of Grenada to the World Trade Organization and Founder of TRON, is promoting Caribbean e-commerce and blockchain technologies with the aim to boost their participation in the global economy.
“The TRON team and myself are delighted that Prime Minister Roosevelt Skerrit trusts TRON to develop the blockchain infrastructure that will empower their participation in the decentralized financial future,” said TRON founder. “We hope it is the first of many technological partnerships with sovereign governments to come.”
It was an exciting commitment for TRON to support Dominica’s vision for the future. This partnership with a sovereign nation to build its national blockchain infrastructure marks the first time a significant public blockchain has done so. With more than 115 million users and 4 billion transactions, one of the most popular public blockchains, TRON’s relationship with Dominica opens up a variety of use cases and lays a solid foundation for future development.
The TRON network, which was established in September 2017 by H.E. Justin Sun has kept up its excellent performance since the MainNet debut in May 2018. BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users, joined the ecosystem in July 2018.
Recently, TRON Blockchain launched over-collateralized decentralized stablecoin USDD, signifying TRON’s official debut into decentralized stablecoins.