Dragonchain Token Sale

[btcdee]

Just to clarify, I just send payment from myetherwallet to the Dragonchain Token Sale Address and the tokens will be sent to my wallet? will they appear immediately or at the end of ICO? thanks!

[patap0n]

Just to clarify, I just send payment from myetherwallet to the Dragonchain Token Sale Address and the tokens will be sent to my wallet? will they appear immediately or at the end of ICO? thanks!

From the Dragonchain FAQ :

When will Dragons be distributed?

Dragons will be distributed after the public sale is completed + enough time to complete at least one internal and independent external audit.

Don't know how much time these audits, wether internal or external, might take, though.

[btcdee]

Just to clarify, I just send payment from myetherwallet to the Dragonchain Token Sale Address and the tokens will be sent to my wallet? will they appear immediately or at the end of ICO? thanks!

From the Dragonchain FAQ :

When will Dragons be distributed?

Dragons will be distributed after the public sale is completed + enough time to complete at least one internal and independent external audit.

Don't know how much time these audits, wether internal or external, might take, though.

Thank you. I don't know how I missed this even though I read the FAQ.

[patap0n]

No problem, I asked myself that same question a couple of hours before your post

[bit247]

"Dragonchain, Inc. is the commercial company "
So it is not a P2P project ?

[Dopert]

Okay, at the end of crowdsale the sponsers will be measured at the date of sponsering and that day value on bittrex. So its the purchase date.

I relaise now by earlier explenation from Dragen, that my above conclusion is not total correct. ETH will be valued on purchage day vs BTC, and tokens distribution is based on funded BTC amount end crowdsale.

Btw. about auditing is also for me a question mark. Dragon is clear in there concept. I think the complexity is not in auditing the token distribution, but by potential cleints assignments. Who like to operate on the Dragen blockchain or other mixed products. But these auditing issues can be already be done right now. The auditing timeframe depends largly if Dragon has already taken auditing meassurements. Then only the token distribution must be audited. If they do al auditing issues at the end of crowdsale, then it will take longer.

[DragoncommJason]

Dragonchain also offers user support in German. Dragonchain bietet auch Unterstützung in der deutschen Sprache! Fragen können an mich gestellt werden!

[super55]

Hi, just a quick question, will we be able to store our Dragonchain Token in Ledger Nano S when it out?  any plan to add Ledger Nano S wallet?

Just curious, because my Ledger Nano S will arrived soon 

[airsekui]

Approx how many coins will I get for 1 ether if 100 million usd is raised?

In my calculation that is;

100.000.000 / 433,494,437 = 0,23 dollar cent

Eth 250 dollar / 0,23 = 1087 tokens

This is essentially correct, although I would just like to reiterate that any speculation on price or amount raised at this point is purely speculation. There will be a full professional audit following the completion of the crowdsale to determine the actual price of the token.

This is wrong as only 55% of tokens will be distributed during crowd sale. So only about 550 tokens.

Als a question - so the ERC20 token will not be converted to a novel dragonchain token in the future!?

[Dopert]

@airsekui; your right about the 55%. Thanks for the correction.

[DragCommDavey]

Hi, just a quick question, will we be able to store our Dragonchain Token in Ledger Nano S when it out?  any plan to add Ledger Nano S wallet?

Just curious, because my Ledger Nano S will arrived soon  

Any ERC20 compatible wallet will be fine to store your DRGNs on, but please confirm with Ledger any questions about your Nano S

Approx how many coins will I get for 1 ether if 100 million usd is raised?

In my calculation that is;

100.000.000 / 433,494,437 = 0,23 dollar cent

Eth 250 dollar / 0,23 = 1087 tokens

This is essentially correct, although I would just like to reiterate that any speculation on price or amount raised at this point is purely speculation. There will be a full professional audit following the completion of the crowdsale to determine the actual price of the token.

This is wrong as only 55% of tokens will be distributed during crowd sale. So only about 550 tokens.

Als a question - so the ERC20 token will not be converted to a novel dragonchain token in the future!?

You are correct, sorry about that. The token sale pool if 238,421,940 DRGNs.

I'm awaiting confirmation on the answer to the token question.

[DragCommDavey]

Approx how many coins will I get for 1 ether if 100 million usd is raised?

In my calculation that is;

100.000.000 / 433,494,437 = 0,23 dollar cent

Eth 250 dollar / 0,23 = 1087 tokens

This is essentially correct, although I would just like to reiterate that any speculation on price or amount raised at this point is purely speculation. There will be a full professional audit following the completion of the crowdsale to determine the actual price of the token.

This is wrong as only 55% of tokens will be distributed during crowd sale. So only about 550 tokens.

Als a question - so the ERC20 token will not be converted to a novel dragonchain token in the future!?

There are no plans to change the token from an ERC20 token.

[DragCommDavey]

Check out this great write up from Business Insider!

http://www.businessinsider.com/disney-blockchain-creators-build-commercial-platform-on-dragonchain-with-ico-2017-9

Join our Telegram channel - https://t.me/dragontalk
https://dragonchain.com

[Dopert]

I join the dragon ico, but wait a little. Nice to see reviews, i have fait in your ideas and team (but later on switch off from erc20 if you want to compete with them and have your own blockchain token login).

[super55]

Are there any reasons why the Devs used ERC20 token for Dragonchain platform instead of using your own unique token? just curious

[Dopert]

Are there any reasons why the Devs used ERC20 token for Dragonchain platform instead of using your own unique token? just curious

Good question. I dont think dragon blockchain is not operational yet, but that could be a reason. There by ERC20 is well populair and common by startups. Personally i dont like it with all the misty GAS limits that every where sticks a little in amount.

[ByzantineGeneral]

I have participated in the ICO. I see on Twitter that that Referral links are being issued. How do I obtain one and what are the terms for referrals? Thanks.

[DragCommDavey]

Are there any reasons why the Devs used ERC20 token for Dragonchain platform instead of using your own unique token? just curious

It is an ERC20 token in order to leverage existing infrastructure (e.g. wallets, etc), and to allow easier exchange listings.

We are planning to provide a peg to ETH much like we do now to BTC - to provide security in L5 of the consensus process.
We will be running Ethereum nodes in order to accept and transfer Dragons as well.
There will be technical details to work out on how to handle node to node vs human UI interaction, but for the time being, Dragons will live on the Ethereum chain and be used from there.

We could consider a swap later, but that's not a concern right now.

[DragCommDavey]

Here's a great post from Crypto Judgement about DragonChain!

https://medium.com/@cryptojudgement/dragonchain-disneys-multi-purpose-blockchain-solution-8b6b93ca12f1

[DragCommDavey]

Tune in to Bloomberg Radio today at 3:50 PST to hear our CEO, Joe Roets and find out whats next with DragonChain!

https://www.bloomberg.com/audio