The platform for exchanging virtual assets has announced the release of the Dominica Metaverse Bound Token (DMBT). The introduction of DMBT is a component of the implementation of the Dominica Metaverse Digital Citizen (DMDC), which was authorized by the Dominican government in partnership with TRON and DMC Labs.
DMBT is the on-chain identity for Huobi users that have passed Level 3 KYC verification. It serves as a credential for certified DMDC members and is a unique, non-transferable, and revocable soulbound token (SBT).
Huobi Issues the Dominica Metaverse Bound Token
Users can get their Dominica Metaverse Digital Identity (DDID) and become DMDCs after passing the Huobi KYC procedure. DDID holders may get a physical Dominica Metaverse Identification Card (DMIC). The potential benefits of DMDC membership may include a number of on-chain and off-chain use cases utilizing the DDID, such as the facilitation of online KYC processes across international crypto trading or financial service platforms subject to local regulations, and collaboration with a number of membership programs shared by real-world consumer businesses worldwide.
Moreover, users can mint DMBT on the TRON blockchain using their DDID, which can be seen in any wallet supporting TRON NFT protocols.
H.E. Justin Sun, Founder of TRON and Global Adviser to Huobi, provided the following comment: “DDID will be the foundation of Web 3 and the link between the real and virtual worlds. The on-chain digital identification system essentially sets the groundwork for a future metaverse world that is actually capable of serving the global population beyond physical and national borders in pursuit of inclusive digital freedom.”