SUMMARY
- Website: https://dragonchain.com/#hero
- Whitepaper: https://dragonchain.com/assets/Dragonchain_Business_Summary.pdf
- Hardcap: None.
- Token Sale: ~238,421,940 Dragons (~55% of total supply)
- Price: To be determined by demand of the market, example: If you put in 1 BTC and the total raise is 10 BTC, you will be allocated 10% of the public sale pool.
- No KYC or whitelist.
- Presale of $1.4Million USD at 30% discount,will be distributed out of non-public pools.
- ICO Date: October 02 - November 02, 2017.
- Read more of the FAQs here.
OVERVIEW
Dragonchain was developed at Disney's office in 2015 - 2016 as the Disney Private Blockchain Platform. The blockchain was tested for many use cases such as identity systems, decentralized processing, voting, payments platform and many more. The platform was later released as an open source software.
Overall, it is evident that Dragonchain have the potential to simplify the integration of real business applications onto a blockchain and provide easy integrated features such as protection of business data and operations, currency agnosticism, and multi-currency support.
The Dragonchain team is in the process of launching a commercial entity to build a sever-less architecture blockchain platform, and an incubator for future blockchain projects.
FEATURES
Dragonchain aims to be a digital ledger that uses complex algorithms to record transactions in a way that cannot be easily altered. Unlike Bitcoin and Ethereum, Dragonchain protocol is hybrid, meaning that some of its information is private and some is public. Dragonchain ultimately aims to provide:
A ready-to-use blockchain platform for business with existing development langauges,five levels of network consensus and several other designs that will give Dragonchain a costing and speed to market advantage:
- Serverless system and smart contracts.
- Established language support for smart contracts (Java, Python, Node, C#, Go, etc.).
- Scalable - Amazon AWS and Google deployments.
- Protection of business data and operations
- Advanced currency implementations
- Smart contract libraries
DragonFund Incubator aims to provide project incubation as well as professional services with strategic partnerships to develop tokenization ecosystems. The incubator will provide:
- Standard processes for startups and new intergrations.
- A marketplace dashboard to monitor and compare projects.
- Direct access to legal, technical, marketing and economic experts as partners for advice and support.
- Assist in digital economics, business design, user acquisition and retention, lifetime value, creation of network effects, monetization models, data straegy and KPI's.
For a deeper understanding, read their technical whitepaper here.
TOKEN UTILITY
Dragon tokens are required to interact with the Dragonchain commercial platform services (launch nodes, smart contracts, access to incubator dashboard, etc). Token holders will also be rewarded for running public or private nodes for network consensus.
FUNDAMENTALS
Dragonchain received above average hype and media coverage because of the "Disney" brand.
Most of the core Developers Dragonchain team held a senior position in Disney. Some notable members and advisors are:
Joe Roets, Architect, Founder and CEO of Dragonchain - Ex - Sr. Software Architect at Disney for almost 3 years and Bloq,inc for only 3 months.
Jeff Garzik & Matthew Roszak, co-founders of Bloq,inc.
Ed Fries former Vice President for Microsoft (1986 - 2014) and Co-founder of Xbox, is listed as an advisor for Dragonchain. However, Ed is currently an advisor for many other businesses and start-ups such as Razer, MetaArcade, Emortal Sports and more than 15 others. He is also an ex-advisor for over 17 projects.
Dragonchain is supported by Bloqlabs, which is a blockchain technology and research center formed to provide technical and strategic resources for their projects. Other independent projects that are supported are QTUM and CIVIC.
Dragonchain is launching their first pre-sale ICO for Looklateral in November 2017, an auction art gallery looking for a secure way to authenticate and pay for art.
CONCERNS
It is very unclear of how active Ed's role is after taking into account that he is also an advisor for 15 other projects. However, this can also be an advantage if he promotes Dragonchain within his circle.
Walt Disney decided to abandon the project in 2016 and made Dragonchain an open source platform. Although the developers of the project left Disney to continue development of Dragonchain, it remains unclear if Disney will have any role in promoting the adoption of this and the hype could just be riding the "Disney" brand.
The race for Enterprise blockchains are very competitive and Dragonchain plans to go head on with more established chains that already have huge first-mover and corporate backing such as Ethereum, the EEA, Microsoft CoCo, QTUM, NEO,.. etc.
Although Dragonchain's platform and incubator have been in development for years, it is only going to be fully rolled out in 2018 and may lose momentum as their competitors gets an upgrade, such as the anticipated Ethereum Metropolis.
VERDICT
We are neutral about Dragonchain. We think that Dragonchain has a solid team with seasoned developers, but without Walt Disney, they may lack corporate partnerships/connections to push the adoption of the project. However, we also believe that the "pie" is big enough in the enterprise blockchain market and Dragonchain may co-exist among other enterprise chains.