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Dominica Signs Agreement With TRON, Set To Issue Blockchain-Based Fan Token
The government of the Commonwealth of Dominica has signed an agreement with TRON after the legislation passed the Virtual Assent Business legislation in May 2022.
Ankita K.
2:00 9th Oct, 2022

The information has been released through the statement from the office of the prime minister of Dominica, adding that the government of Dominica has entered into an agreement with TRON.

Calling it a historic step, the government of Dominica mentioned that the step would help to enhance the economic growth of the country. It will also empower the digital growth of the country as it will work as a designated national blockchain infrastructure.

Outlining the significance of the step, the statement of the government of Dominica reads, “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.”

Known as one of the leading global blockchain platforms, TRON Protocol emerges as a tool for its efficent and cost-effective crypto settlement system.

The statement stated that the TRON has obtained the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token, to help promote Dominica’s global fanfare for its natural heritage and tourism attractions.”

Emphasizing the significance of the new technologies, Prime Minister of Dominica- DR Roosevelt Skerrit, stressed that the government always worked to enhance the economy with the help of new technologies.

He added, “Dominica is committed to building a more inclusive and diversified economy with the help of new technologies. The open and cost-effective nature of the TRON blockchain infrastructure will play a vital role in better integrating Small Island Developing States like Dominica into the global economy in the future.”

The government of Dominica has been working efficiently for the development of the country. Despite being a small island nation, with various historic steps such as vowing to become the world’s first climate-resilient nation, the building of the climate-resilient nation, enhancement of the eco-tourism and efforts to fulfil sustainable goals, the country has emerged as the perfect example for the path of development.


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