Sometimes back I shared about this ICO. Reading through the whitepaper, you might find it difficult to understand what is the main gist that this coin is trying to preach about. ( white paper link : https://s3.amazonaws.com/drg-token/Whitepaper-Dragon.pdf) This is especially so if you are unfamiliar about the casino operations and its practices. To me, I was lucky to have a good friend who is into all these numbers and dices to give me the insights.
IN SHORT
The dragon coin makes availability of funds across countries ready by having block chain transfers. In this way it skips the hassle of having to channel large amount of funds across to and back to where the high rollers come from.
But you might wonder how is it possible. With the block chain technology, transfer of money no longer has to go through the conventional banks or fund transfer companies. But of course the real mechanism behind all these are still very technical for a layman to understand.
THE COIN
The Dragon platform set in Macau uses Dragon Coin, or DRG, is ERC20 / Ethereum Utility token, and is what Dragon blockchain ecosystem works on. DRG tokens will initially be bought through token sale, it will be made available thorugh cryptocurrency exchanges. Thus any layman can have a part in this whole ecosystem and benefit from its exchanges. There will be about 500 million of the coins issued. Launch of this coin will be expected in the second quarter of the year 2018. This will change the way casino operates conventionally.
WHAT BENEFITS AS A DRG OWNER
Owning the DRG will ensure you accessibility to the Dragon Platform and thus access to the junkets or casinos that have chosen to use Dragon Platform. For this you will not have to worry about having to fork out the high percentage fees charged for transfer of funds across countries. This is how convenient and accessible that it can get!