The Dragon
Dragon is fortunate & blessed to have close ties to junket operators, who with their long history in the industry have built close relationships with high-rolling VIP players who are the major drivers of Asia's gaming industry.
Dragon Coin will act as a frictionless, low-cost & transparent alternative financial mechanism within Casinos, to enhance the age-old gaming industry. With its expertise in blockchain technology, the Dragon’s goal is to revolutionize the long standing gaming industry while benefitting those rooted in the industry, as well as all the members of the public who join in the journey to achieve the goals of Dragon Coin.
Dragon Inc. has initiated the launch of an exciting and highly prospective business that is poised to become a powerful force for change within its target sector. Our focus is to dramatically disrupt the legitimate public gaming sector, namely casinos. We are proud to be joining the ranks of fintech companies who are bringing innovative technological solutions to tackle existing problems or inefficiencies within financial systems. However, unlike many, we are not seeking funding for purely technological development.
We do, though, very much pride ourselves on being able to off er our native tokens to the market with confidence, knowing that the Dragon Platform will almost immediately serve the needs of a fully operational and substantial business.
Dragon Inc. has initiated the launch of an exciting and highly prospective business that is poised to become a powerful force for change within its target sector. Our focus is to dramatically disrupt the legitimate public gaming sector, namely casinos. Here is terminology in the dragon project :
Junket is A private room in a casino, branded and operated by investors who pool funds to provide gaming services to VIP guests.
Negotiable Chip is Betting chips that can be converted to cash or used for rolling bets to earn commission.
Non-negotiable is Betting chips used for betting and witch do not earn commission.
Rolling Commission is Commission paid to gamers when they place a bet using negotiable chips
Dragon Wallet is Digital wallet which also allows users to (i) store DRG, DGC and other digital tokens; (ii) perform transactions within the application; and (iii) perform other communication functions.
Digital Currency Exchange is Online exchange platform on which digital currencies are bought and sold.
Global Cash Machine is An Automated fiat currency machine which allows users to (i) withdraw fiat currency from blockchain assets, and (ii) deposit fiat currency into wallets.
Dragon Coin (DRG) : An ERC20 digital currency used as a medium of exchange for goods and services through VISA/MC for the purchase of Dragon Global Chips.
Dragon Junket is A branded VIP and/or co-operated junket in Macau which only accepts Dragon Global Chips, and is accessible to all holders of DRG.
Dragon Global Chip (DGC) is A Digital utility token bought with DRG and exchangeable for physical gaming chips in Dragon affiliated venues
Affiliate Junkets is Junkets where Dragon Global Chips are accepted, including but not limited to the four key junket Partners
Lock up is A period of time during which certain categories of DRG subscribers are prohibited from selling
Dragon Inc. is Dragon Incorporation (BVI) Limited incorporated under the laws of British Virgin Islands.
Dragon Inc. has initiated the launch of an exciting and highly prospective business that is poised to become a powerful force for change within its target sector. Our focus is to dramatically disrupt the legitimate public gaming sector, namely casinos. We are proud to be joining the ranks of fintech companies who are bringing innovative technological solutions to tackle existing problems or inefficiencies within financial systems. However, unlike many, we are not seeking funding for purely technological development.
We do, though, very much pride ourselves on being able to off er our native tokens to the market with confidence, knowing that the Dragon Platform will almost immediately serve the needs of a fully operational and substantial business.
Dragon Inc. has initiated the launch of an exciting and highly prospective business that is poised to become a powerful force for change within its target sector. Our focus is to dramatically disrupt the legitimate public gaming sector, namely casinos. Here is terminology in the dragon project :
Junket is A private room in a casino, branded and operated by investors who pool funds to provide gaming services to VIP guests.
Negotiable Chip is Betting chips that can be converted to cash or used for rolling bets to earn commission.
Non-negotiable is Betting chips used for betting and witch do not earn commission.
Rolling Commission is Commission paid to gamers when they place a bet using negotiable chips
Dragon Wallet is Digital wallet which also allows users to (i) store DRG, DGC and other digital tokens; (ii) perform transactions within the application; and (iii) perform other communication functions.
Digital Currency Exchange is Online exchange platform on which digital currencies are bought and sold.
Global Cash Machine is An Automated fiat currency machine which allows users to (i) withdraw fiat currency from blockchain assets, and (ii) deposit fiat currency into wallets.
Dragon Coin (DRG) : An ERC20 digital currency used as a medium of exchange for goods and services through VISA/MC for the purchase of Dragon Global Chips.
Dragon Junket is A branded VIP and/or co-operated junket in Macau which only accepts Dragon Global Chips, and is accessible to all holders of DRG.
Dragon Global Chip (DGC) is A Digital utility token bought with DRG and exchangeable for physical gaming chips in Dragon affiliated venues
Affiliate Junkets is Junkets where Dragon Global Chips are accepted, including but not limited to the four key junket Partners
Lock up is A period of time during which certain categories of DRG subscribers are prohibited from selling
Dragon Inc. is Dragon Incorporation (BVI) Limited incorporated under the laws of British Virgin Islands.
Why you should enter The Dragon?
The current problem is hundreds of high-roller ‘Elite Gamers’ travel to Macau every week of the year to play baccarat and other games of chance in “junkets” - VIP high-stakes gaming rooms with a minimum stake of millions of dollars - which are operated as separate cost centers by shareholding syndicates inside the resort’s top tier casinos. Many millions of dollars flow across the tables in these VIP gaming rooms daily and junket organizers su er exorbitant fees in arranging for such high volumes of stake monies to be ready for use by a VIP gamer upon arrival. Then, having enjoyed the gaming and the junket’s hospitality, their high-roller VIP guests incur similarly high fees in the repatriation of their winnings.
A junket often needs to arrange stake money of several million dollars to be on hand when each elite gamer arrives in Macau. The current cost to a junket in making the necessary financial arrangements is a minimum of 5%. As for the players, they are typically forced to su er fees of between 5%-7% for costs related to repatriation of their winnings. A major junket in Macau might be hosting more than 100 elite gamers at any one time, often producing a rolling turnover in excess of US$250 million a day. With this level of play at the tables and the constant churn of players, the frictional costs su ered by both junkets and their discerning elite gamer guests related to the positioning of stake money and repatriation of winnings are both huge and punitive.
The Solution
The advent of fintech solutions whereby fiat money can be effortlessly converted into digital tokens and then moved instantly within an eco-system whilst being securely tracked, and all at very low cost, o ers Macau’s junkets a highly attractive technological solution that will dramatically reduce their high inbound frictional costs. Indeed digitally tokenizing both stake monies and gaming chips and using a blockchain to record transactions and track tokens, not only presents junkets but also the casinos in Macau and internationally, with an opportunity for step change cost reductions, improved e ciency and higher levels of security in the management of inherent high volume money flows. Through connectivity with our digital value platform, namely the Dragon Platform, elite gamers wishing to visit a junket could easily convert fiat money into digital tokens, that would be securely registered on a blockchain underpinning the platform. A numerical representation of the tokens held at any one time would be shown in the gamer’s smartphone wallet.
If you want to know more you can check their whitepapper on HERE also you can check their website HERE
Follow Dragon social media Twitter, Facebook and Youtube
BitcoinTalk profile line : https://bitcointalk.org/index.php?action=profile;u=1873940
A junket often needs to arrange stake money of several million dollars to be on hand when each elite gamer arrives in Macau. The current cost to a junket in making the necessary financial arrangements is a minimum of 5%. As for the players, they are typically forced to su er fees of between 5%-7% for costs related to repatriation of their winnings. A major junket in Macau might be hosting more than 100 elite gamers at any one time, often producing a rolling turnover in excess of US$250 million a day. With this level of play at the tables and the constant churn of players, the frictional costs su ered by both junkets and their discerning elite gamer guests related to the positioning of stake money and repatriation of winnings are both huge and punitive.
The Solution
The advent of fintech solutions whereby fiat money can be effortlessly converted into digital tokens and then moved instantly within an eco-system whilst being securely tracked, and all at very low cost, o ers Macau’s junkets a highly attractive technological solution that will dramatically reduce their high inbound frictional costs. Indeed digitally tokenizing both stake monies and gaming chips and using a blockchain to record transactions and track tokens, not only presents junkets but also the casinos in Macau and internationally, with an opportunity for step change cost reductions, improved e ciency and higher levels of security in the management of inherent high volume money flows. Through connectivity with our digital value platform, namely the Dragon Platform, elite gamers wishing to visit a junket could easily convert fiat money into digital tokens, that would be securely registered on a blockchain underpinning the platform. A numerical representation of the tokens held at any one time would be shown in the gamer’s smartphone wallet.
If you want to know more you can check their whitepapper on HERE also you can check their website HERE
Follow Dragon social media Twitter, Facebook and Youtube
BitcoinTalk profile line : https://bitcointalk.org/index.php?action=profile;u=1873940
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