DRAGON COIN

What is a dragon?
Dragon is lucky & blessed to have a close relationship with junket operators, who with their long history in this industry have built close relationships with high rolled VIP players which are the main drivers of the Asian gaming industry.

Dragon Coin will act as an unlimited, low cost and transparent alternative financial mechanism inside the casinos, to improve the ancient game industry. With its expertise in blockchain technology, Dragon's goal is to revolutionize the old gaming industry while leveraging its roots in the industry, as well as all members of the community who journey on to achieve the Dragon Coin goal.

The Current Problem

Hundreds of high-roller ‘Elite Gamers’ travel to Macau every week of the year to play baccarat and other games of chance in “junkets” - VIP high-stakes gaming rooms with a minimum

stake of millions of dollars - which are operated as separate cost centers by shareholding syndicates inside the resort’s top tier casinos.

Many millions of dollars flow across the tables in these VIP gaming rooms daily and junket organizers suffer exorbitant fees in arranging for such high volumes of stake monies to

be ready for use by a VIP gamer upon arrival. Then, having enjoyed the gaming and the junket’s hospitality, their high-roller VIP guests incur similarly high fees in the repatriation of their winnings.

A junket often needs to arrange stake money of several million dollars to be on hand when each elite gamer arrives in Macau. The current cost to a junket in making the necessary financial arrangements is a minimum of 5%. As for the players, they are typically forced to suffer fees of between 5%-7% for costs related to repatriation of their winnings. A major junket in Macau might be hosting more than 100 elite gamers at any one time, often producing a rolling turnover in excess of US$250 million a day. With this level of play at the tables and the constant churn of players, the frictional costs suffered by both junkets and their discerning elite gamer guests related to the positioning of stake money and repatriation of winnings are both huge and punitive.

The Solution

The advent of fintech solutions whereby fiat money can be effortlessly converted into digital tokens and then moved instantly within an eco-system whilst being securely tracked, and all at very low cost, offers Macau’s junkets a highly attractive technological solution that will dramatically reduce their high inbound frictional costs. 

How DRAGON work?

Purchase DRG from an Exchange

A Player purchases our DRG ERC20 Token from a Cryptocurrency Exchange.

Exchange DRG for DGC

The DRG ERC20 Tokens are then exchanged for DGC (Dragon Global Chips) at our partner Casinos & Junkets, to be used in the Casino

Winnings

Winnings that are paid out to the Player can be converted back to DRG, another cryptocurrency or the Player has the option of receiving a pay-out in FIAT.

Supply Burn

A portion of the profits are used to buy-back DRG tokens, and burn them to reduce the total supply.

DRG ERC20 TOKEN
Dragon Coin, or DRG, is the ERC20 Utility Token built on the strength of the Ethereal Blockchain.

Token Details
Token Symbol: DRG
Total Token Supply: 500.000.000
Token Type: ERC20

Token Allocations:

53% Junket Partners 

12% Early Supporters

10% Team

10% Reserve

7% Treasury

7% Public Sale

1% Advisors

DRAGON ROADMAP

December
2016
Idea & Concept Development
The idea of Dragon was forged in December 2016 at a roundtable session between Dragon founders & Junket heads. The systems to implement Dragon were quickly conceptualized, and the roll-out for commitments commenced.
June
2017
First Strategic Partnerships
In June 2017, once the concept was properly documented, our first strategic partnerships were formed with Casinos & Junkets in Asia.
August
2017
Initial Public launch
In Macau, August 2017, Dragon had their first public appearance bringing hundreds of Blockchain and Token Sale experts from around the world to fine-tune & validate the project.
November
2017
Private Pre-Sale
Our Pre-Sale successfully raised over $20m through private investors & institutions!
December
2017
Pre-ICO Launch
The PreICO Launched on the 8th of December, and will continue until the 31st of December 2017.
January
2018
Listing on Exchanges, & First Batch of Junkets and Casinos Launch
In January 2018, Dragon will be listed on a number of exchanges before launching to our first Junkets in the Chinese new year!
February
2018
Public Crowdsale
Our Public Crowdsale launches in February 2018 once our first Junkets are in full flight!
Q2
2018
Launch in Macau
Once we have successfully trialed the Dragon Blockchain within our first Casinos, we will be expanding the full operation into Macau - the biggest Casino market in Asia.

TEAM DRAGON
Chris Ahmad – Founder & CEO
Paul Moynan – founder
Panchat Chayutthana – Director of Business Development and Finance
Yobie Benjamin – CTO

ADVISOR DRAGONS
Nick Spanos – Banking in Bitcoin
Dean Cannell – CoinFabric
Las Ho Choi – Experienced Junket Operator
Vlatko Gigov – Blockchain Token Economics
Christopher Cannucciari – Bitcoin Banking
Dean Anastos – BlockchainDevelopers.org
Abdul Qaiyoom – Risk Expert & Block Expert
Samuel McCulloch – SmartICOInvestor.com
Max Garza – Research & Development Blockchain

For More Information Dragon Coin click this link :
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Author : catur123
Eth : 0x6b85eA6ed28A887798D75DE9c4Db61479422C9E9