Huobi supports Dominica’s Digital Identity Program to Promote Dominica’s Digital Economy

HuobiPublished on 2023-03-08Last updated on 2023-03-08

Abstract

Huobi announced a partnership with TRON and DMC Labs to support the launch of Dominica Digital Identity (DDID) program.

⠀

Huobi announced a partnership with TRON and DMC Labs to support the launch of Dominica Digital Identity (DDID) program.

⠀

As part of Huobi's broader global expansion, this partnership will promote the growth of Dominica’s metaverse and digital economy.

⠀

Huobi started to accept registrations for DDIDs in the Dominica Metaverse on its platform since early 2023. DDID holders can potentially enjoy benefits such as the right to open bank or financial investment accounts. It also allows DDID holders to register companies that provide digital services according to local laws and regulations. Additionally, DDIDs can be accepted for KYC verification on major trading platforms.

⠀

Dominica's DID initiative is part of TRON's latest partnership with Dominica. This initiative includes the establishment of the Dominica Metaverse, the operation of the DDID, and Dominica Coin (DMC) program.

⠀

Huobi's global advisory board member and Founder of TRON H.E. Justin Sun commented that DIDs are poised to be an integral part of the next wave in crypto and it will attract more countries and regions to establish their own digital identity systems in the future. Huobi will use this experience for more partnerships with other countries and regions.

⠀

"This digital identification project is a significant milestone for us as it marks the first Web 3.0 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.

Trending Cryptos

ctr
CitreaCTR
wstusdt
wrapped stUSDTWSTUSDT
apr
aPrioriAPR
ctx
Cryptex FinanceCTX
audio
AudiusAUDIO
comp
CompoundCOMP
mantra
MantraMANTRA
waxl
AxelarWAXL
bill
Billions NetworkBILL
pyth
PYTH (Pyth)PYTH
rune
THORChainRUNE
brev
BrevisBREV
cake
PancakeSwapCAKE
jst
JUSTJST
band
Band ProtocolBAND

Related Reads

The Father of Claude Code: Harness Has a Shelf Life of Only Six Months, Unshackle It

Claude Code's creator, Boris Cherny, argues that AI product harnesses (system prompts, skills, hooks) have a "shelf life" of only about six months. In a Y Combinator interview, he advises developers to regularly delete these components and rebuild them through ablation studies—testing each line's impact—because newer models like Opus 5 often don't need them. He describes models as "living organisms" with distinct "personalities" per generation, requiring empirical, non-prescriptive tuning. Cherny introduces two key concepts: "Product Overhang," where model capabilities outpace product integration, and "Unhobbling" or unleashing models by giving them harder, longer-running tasks with self-verification mechanisms. He shares an example of Claude independently rewriting an Electron app into Swift for over two weeks. For effective AI use, he dismisses "hacks" and urges an empirical approach: observe where the model struggles, then adjust. Treat the model like a colleague, not a tool to be minutely controlled. For learners, he advises combining computer science with applied skills like product design and data science. The core message is to embrace model capabilities through experimentation and reduce restrictive scaffolding.

marsbit5m ago

The Father of Claude Code: Harness Has a Shelf Life of Only Six Months, Unshackle It

marsbit5m ago

Feishu Has Become Doubao

This may be the most important day in the ten-year history of Feishu. On July 30, ByteDance announced a major restructuring via internal email. Feishu, an independent operation for a decade, will no longer function separately and will lose its independent sales and marketing teams. Its product team is being integrated into Doubao AI, and its Go-to-Market strategy merges into the Volcano Engine's To B system. This move signals a strategic pivot, not a failure of Feishu. The era where Feishu sought to be an all-encompassing super-app for productivity is ending. AI has become the dominant logic. Industry trends show a shift from building platform "entrances" to embedding AI directly into workflows, as seen with Microsoft Copilot and Google's Gemini. Data reveals the driver: over 90% of Feishu's new clients in Q2 2026 purchased its AI products. Enterprises are now buying integrated AI solutions, not standalone software. By integrating Feishu's deep enterprise workflow scenarios, Doubao evolves from a consumer-facing chatbot into a powerful enterprise productivity engine. This gives Doubao a critical asset: real-world business application. Concurrently, ByteDance established the "Creative Services Platform," unifying its previously fragmented sales fronts (Feishu, Doubao, Volcano Engine) into a single customer-facing entity. This represents ByteDance's first genuine shift to thinking like a true To B company, organizing around client needs rather than internal product silos. The restructuring underscores that AI is no longer just a business line but foundational infrastructure. Doubao is becoming the new organizational core, mirroring TikTok's past ascendancy. This demonstrates a profound shift: AI is beginning to reshape corporate structures, determining resource allocation and strategic priorities. ByteDance is likely just the first of many companies to undergo such an AI-driven reorganization.

marsbit9m ago

Feishu Has Become Doubao

marsbit9m ago

The Second Half of the RWA Issuance Race: Amidst the Utilization Dilemma, Trillions Worth of On-Chain Assets Awaken

RWA (Real-World Asset) tokenization has surged to a record $32 billion in on-chain value. However, a structural challenge has emerged: approximately 87% of these tokenized assets are inactive, not participating in DeFi lending or trading activities. This "utilization gap" highlights a key question: what happens after assets are brought on-chain? Data shows a stark contrast among major platforms. While Securitize leads in scale ($4.9B), it has a DeFi utilization rate of only 0.7%. Similarly, Ondo Finance ($3.5B) sees about 2.7% utilization. In contrast, Maple Finance, with a smaller $2.3B in assets, achieves a 62% utilization rate by embedding its assets directly into lending activities from the outset. Three primary factors contribute to low utilization: 1) **Asset Nature**: Tokenized treasuries are often held for yield, not traded. 2) **Regulatory Barriers**: Securities laws and KYC requirements restrict free movement into permissionless DeFi pools. 3) **Infrastructure Gaps**: A lack of deep secondary markets, real-time pricing, and mature clearing mechanisms hinders liquidity. The RWA narrative is now shifting from a "race to issue" to a "battle for application." While native lending protocols like Maple have inherent advantages, distribution channels are becoming critical. The success of products like SyrupUSDG on platforms like Robinhood Crypto demonstrates that access to existing user bases can accelerate adoption far more effectively than protocol-led efforts alone. The $32 billion milestone validates the feasibility of tokenization, but low utilization underscores that bringing assets on-chain is just the first step. The true test for the sector is enabling these assets to circulate, be utilized, and create new economic value within the DeFi ecosystem.

marsbit9m ago

The Second Half of the RWA Issuance Race: Amidst the Utilization Dilemma, Trillions Worth of On-Chain Assets Awaken

marsbit9m ago

Fake Flare Network Website Stole $8.5 Million Worth of XRP

A fake staking website, impersonating Flare Network and FXRP, stole approximately 3.4 million XRP (worth around $8.5 million USD) from 71 investors over eight days in October last year. The fraudulent site lured victims by promising guaranteed principal and monthly returns of 1.5% to 1.8%. It tricked investors into withdrawing their XRP from local exchanges and sending it to wallets controlled by the scammers via offshore platforms. The site was shut down on October 23, and its operators vanished. Seoul police tracked assets worth 27.3 billion won ($18.8 million) linked to the scam, freezing 17.3 billion won. Two individuals involved have been handed over to prosecutors on aggravated fraud charges, and another is under investigation for document forgery. Police executed 54 search and seizure warrants and arrested a suspect who had returned from hiding abroad. South Korean authorities have declared a zero-tolerance policy for cryptocurrency fraud this year, warning investors to verify official sources before sending funds as part of heightened vigilance against such scams.

cryptonews.ru25m ago

Fake Flare Network Website Stole $8.5 Million Worth of XRP

cryptonews.ru25m ago

Pascal Caversaccio Joins Ethereum Foundation Board to Advance Security and Privacy

The Ethereum Foundation has appointed renowned blockchain security expert Pascal Caversaccio (pcaversaccio) to its board of directors for a voluntary one-year term. This addition brings the board's membership to four and strengthens its focus on security, privacy, and protocol resilience. Caversaccio co-founded SEAL 911, a 24/7 emergency response unit for crypto exploits, and has authored key publications on Ethereum privacy. His expertise is expected to bolster the Foundation's strategic oversight and long-term network defense without altering its decentralized governance structure. The move aligns with the Foundation's recent organizational restructuring, which prioritizes censorship-resistance, post-quantum security, and protocol upgrades.

TheNewsCrypto30m ago

Pascal Caversaccio Joins Ethereum Foundation Board to Advance Security and Privacy

TheNewsCrypto30m ago

Trading

Spot

Hot Articles

How to Buy TRX

Welcome to HTX.com! We've made purchasing TRON (TRX) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy TRON (TRX) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your TRON (TRX)After purchasing your TRON (TRX), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade TRON (TRX)Easily trade TRON (TRX) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

26.8k Total ViewsPublished 2024.03.29Updated 2026.06.02

How to Buy TRX

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of TRX (TRX) are presented below.

活动图片

Top Questions