Dragon Tokens: Macau's New Currency?

in #cn6 years ago (edited)

So far, I have primarily discussed Dragon's abilities in respect to its potential as a global platform for easy and secure fund transfers for high-stakes gambling. But I want to touch upon the concept about Dragon that is being largely ignored: Dragon as a currency.

Dragon Corporation has explained that their long-term plana for the DRG token include making it a global currency. Many have ignored this factor of the Dragon token pitch as it has seemed unlikely that a new token bred for the gambling industry will dominate the transactional market share of all existing coins.

Dragon as a Currency is Feasible

I want to showcase Dragon token's ability to function as a currency not on a global stage, but in just Macau as that is highly feasible.

Much of the Dragon tokens are being distributed to Dragon Corporation's junket partners. That means a high volume of DRG will already be in circulation in Macau. Dragon Corporation has established relations with Macau's gambling industry Nd the participants in this industry single-handedly control the major transactional volume in Macau.


It is not difficult to see that given that the gambling industry in Macau has already adopted DRG tokens, they can extend it utility as a general currency form for any transaction within their sphere. As any tourist going to Macau is going to largely interact with casinos, their hotels, their restaurants, their subsidiaries, and their holdings, it would be easy for them to utilize a singular currency for the major portion of their transactions in Macau.

Additionally, while distributing POS systems across the world is a monumental task in terms of both time and resources, it is easily achievable in a small island. Given that Dragon is based in Macau, it won't even face logistical problems that may occur in distribution far from its base.

The Main Point

I am trying to point out that Dragon tokens becoming a major medium of transaction for general purposes in Macau is highly likely. Thesw tokens are available on an open exchange and the public has easy access to them. If a single currency functions for so many transactional interactions in a small island, it becomes highly viable. The feasibility of DRG as a currency on a global stage is a seperate debate; Dragon tokens can easily rise is utilization for day-to-day purposes in Macau.

As DRG is aimed at providing a valuable service to high-rollers, the heavy sums purchased by them would make the DRG market liquid, which is an important factor in a currency. With this factor assured, and the guarantee of value within the Dragon Corporation, its partners, and high-rollers, the DRG has not just a demand but a backing.


Dragon tokens are truly a multi-layered product: a utility token for a blockchain platform and a general currency. Join the Dragon community with its live ICO.

Part 2: Essential Information

Dragon ICO Website: https://drgtoken.io/
Dragon ICO Whitepaper: https://bit.ly/drgtoken
Dragon ICO ANN Thread: https://bitcointalk.org/index.php?topic=2524680.new#new
Dragon ICO Telegram: https://t.me/DragonOfficialENG
⌚️ Dragon ICO Token Sale: LIVE NOW
Dragon Ticker: DRG
Dragon Token Type: ERC20
KYC: YES
Accepts: ETH
County: Macau

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Ok, i took your advice. You are my first follower

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