Dragon — Blockchain Based Casino and Gaming Financial System
Dragon Coin, A Decentralized Currency for Casinos & Players, The gaming company seeks to integrate blockchain technology into the world’s largest gambling market by issuing tokens for VIP junket operators who handle credit processing for casinos.
When players buy DRG dragon tokens off of a cryptocurrency exchange, they can them trade them in for DGC, which is Dragon global chips at any of the dragon partner casinos and Junkets to be used as chips while gaming. When players are paid out in winnings, they can receive their earnings in DRG tokens, other cryptocurrencies, as well as just straight fiat payouts. A portion of the profits are also used to buy back DRG tokens and burn them to reduce the total supply in circulation until there are only 21 million coins remaining, increasing the scarcity of DRG to increase the demand for it on the markets. On top of that, there will be an airdrop every month to make one lucky dragon holder a millionaire.
The dragon pearl hotel/casino being built will have 400 luxury guest rooms and suites to host the physical casino and hotel guests to stay in, and if the approvals and construction go as planned it should open in early to mid 2021. The DRG tokens used at the casino and within their platform can already be purchased on Coinhub as the team wanted to show a proof of concept before they launched the ICO.
The use of cryptocurrencies in the gaming sector has largely been limited to online gambling until now. Dragon Corp. and Wi Holding are looking to bring the technology to casino floors, with junkets contributing more than half of Macau’s total casino revenues.
The ultimate goal of the team is to fund the construction of a floating casino hotel which would only accept Dragon tokens.
The team is having a tokensale of the DRG tokens prior to the release of the platform, so lets break down the details. Out of a total token supply of 500 million DRG tokens, 72% are allocated for the tokensale. More specifically, 53% is allocated the Junket partners, 12% for early supports, and 7% for the tokensale. On top of that, 10% is allocated to the team, 10% is in reserve funds, 7% is for the treasury for core subscribers and the social fund or for further tokensales, and 1% is allocated to advisors. As for the use of the collected proceeds, out of a potential 420 million dollars American collected, 320 of which is already collected in the presale, 350 million is a deposit for the dragon junket platform, 15 million is for working capital, 15 million is for the dragon pearl project, 14 million for the 500 global cash machines, 14 million in a reserve for those cash machines, 10 million for marketing and promotion, and 2 million for the dragon social wallet and exchange.
Website : https://tokensale.drgtoken.io/
Telegram :https://t.me/DragonOfficialENGTwitter:https://twitter.com/DragonCoinFacebook :https://www.facebook.com/dragoncoin.o…Reddit :https://www.reddit.com/r/DragonDRG/Whitepaper :https://s3.amazonaws.com/drg-token/Wh…Youtube :https://www.youtube.com/channel/UCG9E…
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