What is a dragon coin?
lucky & blessed dragon coins to have a close relationship with junket operators, with their long history in the industry, they 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, inexpensive and transparent alternative financial mechanism within the casino, to improve the ancient game industry. With his 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 traveling community to achieve the Dragon Coin goal.
How Does Dragon Coin Work?
Dragon Coin works with a simple operational module, which includes the following steps:
- Dragon Coin (DRG) can be purchased online today, Buy from the stock.
- Put DRG in exchange for DGC. If you want to use Dragoon Coin in the casino, you have to swap DRG ERC20 coins for Dragon Global Chips (DGC). You can exchange in a junket or casino.
- Victory is paid to players. If you want you can turn your winnings into DRG (or other cryptoes). You can also get fiat currency payments.
- DRG tokens are repurchased with a portion of the profits. They are burned to reduce the total supply of token inn circulation.
What is junket?
Junket operator, also known as a VIP room promoter, is a group of investors who rent an area in the casino and invite rich clients to play games with high stock.
The problem for high-value clients is the amount of transaction costs to be paid; fees to get their money in Macau as well as other expenses to transfer their money back to their home country.
Typical transaction costs are around 5-7 percent, but by using blockchain technology, Dragon Corp is able to reduce this cost to about 1 percent (0.5 percent for every purchase and every sale). An advantage for any high roller who wants to play in Macau!
The Dragon Junket: A VIP junket for smart gamers
Currently, the contract has been signed with four junket partners and plans for the second Dragon Junket, and at least four other junket partners, ready for full operation by the end of 2018.
Rich gamers who want to take part in the junket will be able to buy Dragon Coins where they can swap Dragon Net Chips (DGC). Those who want to be part of Dragon Junket can register online and install Wallet Dragon Commnity on their smartphone.
The first Dragon Junket will take place in the next few weeks in South Korea, before the Lunar New Year.
Dragon Coin: Ethereal Blockchain Technology
Dragon Corp. using blockchain technology, the Ethereal barrier, which hosts its DRG.
500 million Dragon Coins (DRG) will be issued by intelligent contract technology that complies with ERC20, which is operated through the Ethereal blockade.
Coins are allocated as follows: advisors 10% (50 million DRG), 1% (5 million DRG) advisor, 7% treasury (35 million DRG), and 10% reserves (50 million DRG).
From Dragon Token Sale, coins are allocated as follows: junket partners 53% (265 million DRG), 12% initial supporters (60 million DRG) and public sales 7% (35 million DRG).
The DRG burning plan is also in the pipeline. This will take place after 3 months after the operation begins. More information on DRG burning can be found on white paper.
Token Details.
- Token Symbol: DRG
- Total Token Supply: 500.000.000
- Token Type: ERC20
Token Allocation:
- 53% Junket Partners
- 12% Early Supporters
- 10% team
- 10% Reserve
- 7% Treasury
- 7% General Sale
- 1% Advisor
- Who's Behind the Dragon Coins?
The Dragon Team is led by Chris Ahmad (CEO) and Paul Moynan, both acting in accordance with the abilities of the founders.
Dragon Coin was first established as an idea in December 2016 and in November 2017, developers hosted a private pre-sale where more than $ 20 million was raised.
However, in an interview with Reuters, the development team stated that they have been able to contact four partners in the Chinese junket industry. This partner, according to them, has generated $ 265 million for personal sales.
In a move that sparked controversy, a signing ceremony for Dragon Coin was attended directly by Wan Kuok-Koi (also known as "Broken Tooth"), Macau-based gang boss who served 14 years in prison for various crimes, including money money laundering, sharking loans, and attempted murder. However, developers quickly exit and deny their involvement in their operations or connections to their junket partners.
Dragon Token DRG Token Conclusion
"Dragon Coins" are trying to change people's negative attitudes toward casinos. A truly holistic and transparent system built on Blockchain technology is the ideal solution to achieve this goal.
DRG ERC20 TOKEN
Dragon Coin, or DRG, is the ERC20 Utility Token built on the strength of the Ethereal Blockchain.
TRANSPARENCY & SECURITY
The Dragon Blockchain facility provides Casino & Players with a secure log book, promising a level of Transparency that the game industry has not experienced until now.
LIQUIDITY
DRG is required by Players to purchase DGC (Dragon Global Chips), creating continuous demand and continuing as we launch new Casinos in the coming months.
Visit Dragon Coin's main site for more information:
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