Dominica Coin

Dominica to Issue National Fan Tokens

14.10.2022 09:48 (Updated 14.10.2022 10:10)
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by Gabriel Cross
1 min read

The government of Dominica announced that it will issue its own tokens in partnership with the blockchain network Tron. Dominica Coin (DMC) is designed to promote the Caribbean country’s culture and natural wonders.

DMC tokens will function as fan tokens, which Dominicans may also use as a governmentally approved medium of exchange. In addition, the government may also accept public service payments in stablecoins run on Tron’s TRC20 protocol, such as USDT, as well as Tron governance tokens, including TRX and JST.

This news comes after Dominica passed the Virtual Asset Business Act in June, which is also in power in two other Caribbean countries, St Kitts and Nevis and Antigua and Barbuda. Given these and other Eastern Caribbean nations’ political unity, we could be seeing many new national Caribbean tokens.

Author

  • Gabriel Cross used to be a bank officer for an international bank for many years. From this point of view, he says the time spent obtaining a degree in economics was a waste of time. A few years back, he decided to quit his job and start trading. He is obsessed with decentralized finance, but he often plays with the stock market, investing with great pleasure into ground-breaking tech solution startups.

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