//Taking a look at Dragon, one of the largest ICOs ever.

Taking a look at Dragon, one of the largest ICOs ever.

Dragon has two days left in their ICO, (one of the largest ever) 25% bonuses are being offered as a “closing down sale”, but you best believe that DRG is nowhere near close to closing down. I believe the 25% bonus tokens have a 90 day lockup period. Source; http://ift.tt/2FzCGXt short, Dragon will provide an alternative to the current casino system. Dragon focuses on junkets. Junkets are VIP gaming rooms with extremely high stakes, millions and millions of dollars are won and lost daily in Junkets. A major junket in Macau (I know how that sounds, but there’s a few) can be seen hosting more than 100 high rollers on any given day. On average, these junkets can turnover around $250 million per day.Unfortunately, the organizers and the patrons both suffer huge fees. It’s not uncommon for 7% fees to be paid by winners when taking their winnings home. 7% may not sound like a lot, but on a $10m win, you’re looking at about 700k, just to collect it. Using Dragon’s platform, VIP gamers will be able to convert their USD, Euros, JPY, or CNY into DRG. Once funds are in DRG, they’re able to be traded for DGC, to be used at the table. DGC has a fixed value, and is used for betting. When done, the gamer can convert their DGC back into DRG, allowing them to sell for fiat, or any other crypto.Dragon has the potential to really change the ways casions operate. Instead of paying 7%, players and operators are now able to enjoy severely reduced fees, effectively paying the TX fee only. Being blockchain based, DRG tokens and ownership are transparent. Operators can ensure that their Junkets are not being used to launder funds. This is a huge benefit as millions and millions of dollars are laundered through fiat at casinos.These are some lofty goals, but what has Dragon actually accomplished?Dragon has partnered with Dragonbet8.com, ensuring that DRG isn’t only just for VIPs. At this point, DRG will be able to be used at Dragonbet8 to take part in games, in place of traditional funding methods such as Visa/Mastercard. Dragon has also partnered with 7Luck, one of South Korea’s largest casino chains, with 6 locations throughout SK. Dragon will be opening “Dragon VIP Rooms” in 7Luck casinos, providing traditional casino services, with far reduced fees. How? DRG will be used. It may seem like to enjoy the benefits of DRG, you must be a high roller, however, that’s not the case, as smaller stakes games will be held at Dragonbet8, where DRG funding is supported.EthicsIf you don’t morally agree with gambling, that’s fine, however, by using DRG, money laundered by terrorists, cartels and criminals in the casino sector is far reduced. DRG is the largest ICO ever, with more than 300 million raised. I suspect that after ICO, even more money will flow through DRG as players discover how they’re able to save millions on fees.Thanks for reading my write up! Do you agree with me? I want to hear your thoughts.

Dragon has two days left in their ICO, (one of the largest ever) 25% bonuses are being offered as a "closing down sale", but you best believe that DRG is nowhere near close to closing down. I believe the 25% bonus tokens have a 90 day lockup period. Source; https://tokensale.drgtoken.io/

In short, Dragon will provide an alternative to the current casino system. Dragon focuses on junkets. Junkets are VIP gaming rooms with extremely high stakes, millions and millions of dollars are won and lost daily in Junkets. A major junket in Macau (I know how that sounds, but there's a few) can be seen hosting more than 100 high rollers on any given day. On average, these junkets can turnover around $250 million per day.

Unfortunately, the organizers and the patrons both suffer huge fees. It's not uncommon for 7% fees to be paid by winners when taking their winnings home. 7% may not sound like a lot, but on a $10m win, you're looking at about 700k, just to collect it. Using Dragon's platform, VIP gamers will be able to convert their USD, Euros, JPY, or CNY into DRG. Once funds are in DRG, they're able to be traded for DGC, to be used at the table. DGC has a fixed value, and is used for betting. When done, the gamer can convert their DGC back into DRG, allowing them to sell for fiat, or any other crypto.

Dragon has the potential to really change the ways casions operate. Instead of paying 7%, players and operators are now able to enjoy severely reduced fees, effectively paying the TX fee only. Being blockchain based, DRG tokens and ownership are transparent. Operators can ensure that their Junkets are not being used to launder funds. This is a huge benefit as millions and millions of dollars are laundered through fiat at casinos.

These are some lofty goals, but what has Dragon actually accomplished?

Dragon has partnered with Dragonbet8.com, ensuring that DRG isn't only just for VIPs. At this point, DRG will be able to be used at Dragonbet8 to take part in games, in place of traditional funding methods such as Visa/Mastercard. Dragon has also partnered with 7Luck, one of South Korea's largest casino chains, with 6 locations throughout SK. Dragon will be opening "Dragon VIP Rooms" in 7Luck casinos, providing traditional casino services, with far reduced fees. How? DRG will be used. It may seem like to enjoy the benefits of DRG, you must be a high roller, however, that's not the case, as smaller stakes games will be held at Dragonbet8, where DRG funding is supported.

Ethics

If you don't morally agree with gambling, that's fine, however, by using DRG, money laundered by terrorists, cartels and criminals in the casino sector is far reduced. DRG is the largest ICO ever, with more than 300 million raised. I suspect that after ICO, even more money will flow through DRG as players discover how they're able to save millions on fees.

Thanks for reading my write up! Do you agree with me? I want to hear your thoughts.