Dragon Coin (DRG)ICO Dragon Coin will act as an alternative financial mechanism within Casinos, to enhance the age-old gaming industry. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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What is Dragon Coin
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.
Indeed digitally tokenizing both stake monies and gaming chips and using a blockchain to record transactions and track tokens, not only presents junkets but also the casinos in Macau and internationally, with an opportunity for step change cost reductions, improved effciency and higher levels of security in the management of inherent high volume money flows.
Through connectivity with our digital value platform, namely the Dragon Platform, elite gamers wishing to visit a junket could easily convert fiat money into digital tokens, that would be securely registered on a blockchain underpinning the platform. A numerical representation of the tokens held at any one time would be shown in the gamer’s smart phone wallet.
Whenever necessary, the gamer could effortlessly convert his Dragon Coins (DRG) to fixed-value digital Dragon Global Chips (DGC) for use in the junket. After gaming, DGC could be converted back into DRG and further converted to fiat money or any other digital currency when needed, all on demand and via the touch screen on a smartphone. If a gamer chooses to keep stake monies and winnings in digital form ready for the next visit to the gaming tables, they could do so, securely and at minimal cost.
Application of digital token technology beyond stake monies and winnings to the management and tracking of individual gaming chips, delivers junkets and casinos with significant financial gains and benefits from improved efficiency and security across their entire ‘cash management’ system.
DetailsPublic sales: Feb 15, 2018 - Mar 15, 2018Token supply: 500,000,000 DRG Total tokens for sale: 360,000,000 DRG Raised: 320,000,000 USD LegalBlockchain Platform: EthereumRegistration year: 2017 Office address: Vanterpool Plaza, 2nd Floor, Wickhams Cay I, Road Town, Tortola, British Virgin Islands | Token infoTicker: DRGToken standard: ERC-20 Token price in USD: 1 DRG= 3.03 USD Token price in ETH: 1 DRG= 0.003330 ETH Accepted currencies: ETH, BTC, USD Token distribution: 53% - Token Sale (Junket Partners) 12% - Token Sale (Early Supporters) 10% - Founders 10% - Reserve 7% - Token Sale (Public Sale) 7% - Treasury 1% - Advisors Funds allocation: 83.3% - Deposit for Dragon Junket 3.6% - Working Capital 3.6% - Dragon Pearl Project 3.3% - 500 Global Cash Machines 3.3% - Reserve for Global Cash Machines 2.4% - Marketing/Promotion (Year 1) 0.5% - Dragon Social Wallet and Exchange |
Dragon Coin Roadmap
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.
In June 2017, once the concept was properly documented, our first strategic partnerships were formed with Casinos & Junkets in Asia.
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.
Our Pre-Sale successfully raised over $20m through private investors & institutions!
The PreICO Launched on the 8th of December, and will continue until the 31st of December 2017.
In January 2018, Dragon will be listed on a number of exchanges before launching to our first Junkets in the Chinese new year!
Our Public Crowdsale launches in February 2018 once our first Junkets are in full flight!
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.