Dragon: Blockchain Power for High Rollers
Dragon is a blockchain solution for the high-stakes gambling industry. It allows high-rollers to enter Macau, a country with annual gambling-related receipts of as much as $45 billion, and to utilize large sums of money there via the dragon coin. This allows them to overpass currency transfer limitations and allows for a secure management of financial information.
Read on to find the details about this fascinating new product and its ICO.
This project hits a major market: Gambling.
Gambling is a major industry in the world and it has been a part of society for thousands of years. Games of chance have attracted crowds in all parts of the world. The advent if technology hasn't changed the situation; in fact, it has made access to gambling easier and so the amount of people partaking in gambling has actually increased.
While Vegas is seen as the most centric location for gambling due to media representation, it is a small player compared to a small Asian island off the coast of China: Macau.
Macau's single-year gambling related transactions crossed $45 billion in the earlier half of this decade. To give you some comparison, that's an income greater than all of France's tourism industry. Macau as an island is so cored on gambling that it could be a metaphor for one giant casino.
Macau's gambling industry is entirely reliant on tourists who want to partake in games of chance. The island gets up to 30 million foreign gamblers on any given year, and many of them are high-rollers who partake in high-value gambling stakes in private gambling chambers called junkets.
Due to international laws on cash carriage limitations, these high-rollers don't fly into Macau with suitcases full of cash. Instead they utilize a service offered by the junkets.
The high-rollers hand a sum to the junket's agents in their own country and the junket’s agents in Macau issue the sum in chips/tokens once the high-roller reaches Macau.
Those tokens can then be utilized for gambling and once the high-roller is done with the visit and wants to cash in the chips/tokens, the junket’s agents ensure the high net worth individual receives the sum back in his/her own form of cash when he/she returns back home. This way, the actual cash physically never exits the initial country.
Through SMS.
Yes, all this critically important information for large sums of money is maintained and “secured” through SMS.
A far more superior alternative, with a lot more transparency to secure and maintain records of these sums of money can be offered by the blockchain.
Dragon is a company based in Macau, the hub of the largest gambling economy in the world. Macau gets heavy visits from high-rollers who partake in high-stakes gambling. The junkets have so far maintained track of the financial information through outdated means.
Dragon offers a superior secure and reliable channel for maintaining the financial information in a completely transparent manner to ensure no issues ever arise between the high-rollers and the junket’s agents or by way of any human error.
Moreover, with the aid of the blockchain and the dragon coin, the system is going to be a lot more seamlessly maintained. The high-rollers can easily purchase large sums of dragon coins and utilize them in the junkets. And when they are done with their visit, the coins can be easily converted back to the desired fiat currency all on with the aid of a single platform that can easily track all the financial information.
Also, the dragon coin is being given additional value additives. Dragon intends to issue point-of-sale systems that can transact dragon coins for any good. While it may be tough to deliver such point-of-sale systems across the globe, it will be quite easy to issue these in a small island like Macau.
This makes the dragon coin even more appealing to high-rollers as they will have to make one transaction and have access to all-access currency within Macau for everything from basic purchases to the junket gambling.
Dragon is one of the companies that is genuinely pursuing an innovating solution to a problem by utilizing the blockchain. In fact, this issue can only be best handled by blockchain utilization.
Website: https://drgtoken.io/
Whitepaper: https://bit.ly/drgtoken
ANN Thread: https://bitcointalk.org/index.php?topic=2524680.new#new
Telegram: https://t.me/DragonOfficialENG
Token Sale: FEB. 15
Token Type: ERC20
Ticker: DRG
KYC: YES
Accepts: ETH
1 DRG = 0.00333 ETH = $2.51
Can’t Participate: USA; SINGAPORE; CHINA Please
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DRG Website: https://drgtoken.io/
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