The Dominican government will launch its national fan token, Dominica Coin (DMC) in partnership with the Tron blockchain protocol. The digital asset aims to help promote the country's heritage and tourist attractions.
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According to a release by the Office of the Prime Minister, the collaboration with Tron is a historical step for Dominica to enhance its economic growth due to digital innovation.
PM Roosevelt Skerrit said Dominica has a goal to build a more inclusive and diversified economy. He added that Tron's open and cost-effective nature will help the country to integrate into the future global economy.
The agreement between the island's government and Tron defines that the protocol is Dominica's designated national blockchain infrastructure. Tron-issued digital currencies have a statutory status in Dominica, which means it is authorized to serve as a medium of exchange.