How Dragon Can Change the Casino Industry – Dragon Coin (DRG) ICO
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Thinking Crypto was paid by Dragon to conduct this review.
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What is Dragon & What Problem Does It Solves?
Dragon is looking to bring gaming into the 21st century with a decentralized currency for casinos and players
Dragon Token is a blockchain digital entertainment utility token, focusing on the gaming industry, initially rolling out in Macau casinos and not too far down the line, will be Asia-wide and other global sectors.
“Dragon Coin will act as a friction-less, low-cost & transparent alternative financial mechanism within Casinos, to enhance the age-old gaming industry.”
It’s insanely expensive for high-stakes casinos to have enough cash-on-hand to cover the earnings of big winners (and other expenses). This cost is passed onto the winners, who must pay high fees (sometimes 5% to 7%) to repatriate their funds.
Dragon is looking to solve this problem, they want to lower costs for large gambling houses (junkets) and thus lower costs for gamblers. They will do this using two cryptocurrencies: Dragon Global Chips (DGC) and Dragon Coins (DRG).
Dragon Token ICO currently underway. Dragon Coin is an ERC20 token, meaning that it is launched using the technology of the Ethereum blockchain. As an ERC20 token, it is also storable in any Ethereum wallet, though not all Ethereum wallets will display Dragon Coin DRG
Founded
Founded in 2017 by Paul Moynan and Chris Ahmend
Funding
$320 Million with several pledges yet to be fulfilled
Partners
Gaming industries across the ASEAN region, direct access to High Rollers of Macau Gaming hub, Mass adoption across Asia, several phases which will see us in South America, Europe and Asia.
Team
Solid team with LinkedIn profiles highlighted on their site.
Dragon Coin represents a major disruption in the gambling industry. While this disruption has not yet matured into an industry innovation, at least not one widely adopted, it holds incredible promise for the future.
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