#ICOReview DRAGON COIN — A Decentralized Currency for Casinos & Players
What is Dragon?
Dragon is fortunate & blessed to have close ties to junket operators, who with their long history in the industry have built close relationships with high-rolling VIP players who are the major drivers of Asia’s gaming industry.
Dragon Coin will act as a frictionless, low-cost & transparent alternative financial mechanism within Casinos, to enhance the age-old gaming industry. With its expertise in blockchain technology, the Dragon’s goal is to revolutionize the long standing gaming industry while benefitting those rooted in the industry, as well as all the members of the public who join in the journey to achieve the goals of Dragon Coin.
Dragon Global Chips
Dragon Global Chips, or DGC, are the coins/chips that are purchased by Players in Casinos using the DRG ERC20 Token purchased in our Token Sale.
How Dragon Works?
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.
Enter DRG or Dragon Coin, in order to reduce Junket’s commission by 5%, in the rental casino industry to a billion dollars, this crypto currency is exciting and with real use. All casinos depend on a VIP-clip with a high rate for more than 50% of their income. Each week, these elite players or VIPs go to Macau to bet on millions of dollars for a VIP table reserved for a minimum bet of at least $ 1 million.
So, how do these players bring and win millions of dollars to gamble? Usually it is organized by Junkets, which takes 5% -7%. And if the players win, they will pay another 5–7% to return the money to their country. DRG will be introduced to break this margin. Since hundreds of millions of dollars have been turned every week only in Macau, direct use in the real world. DRG aims at this spread and introduces a 1% fee for transferring money. Why not one of the players and players can not subscribe to this? This will save them from several hundred thousand to several million dollars per transaction. Such a digital transaction returns the owners money back to the players and significantly increases the efficiency and security of their money. Converting millions into their digital wallet through blockchain technology,
Unlike crypto-conversion of money, once speculation is gone, and after several months and months, trying to find a real transaction, they usually go out of fashion. But DRG has already signed several contracts with Junkets in Macau and will have immediate use right after the launch of its ICO. The potential of DRG is huge and will undoubtedly become a digital coin in 2018 and beyond.
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Original Posted By : Argiyan News
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