[ANN][ICO] : DIGITAL CURRENCY FOR CASINOS & PLAYER

[UpsilonTrooper]

I have a hard time loading the image too. Better if they would add some text explanation so that those user who have a problem in internet connection can easily read the description. The new to this project, I think is that it can be bought directly using fiat currency. But hoping it would also add an exchange from token to fiat.

If i have not misunderstood, as they said at the picture that we can buy Dragon Coin Token a both way altcoins: BTC, ETH, LTC, XRP and credit card?

Yes after the ICO the coin can be bought with fiat or the coins you listed ,but what he was asking is, if you could sell the dragon coin to fiat ,which i think only logical if the currency is listed in any good exchange platform. in their explanation they have made it clear how it's going to work
1- Purchase DRG from an Exchange
A Player purchases our DRG ERC20 Token from a Cryptocurrency Exchange.
2- Exchange DRG for DGC
The DRG ERC20 Tokens are then exchanged for DGC (Dragon Global Chips) at our partner Casinos & Junkets, to be used in the Casino.
3-Winnings
Winnings that are paid out to the Player can be converted back to DRG, another cryptocurrency or the Player has the option of receiving a pay-out in FIAT.

Isnt that way way way too much effort for gambling though? I'd rather just gamble with cash and cashout in cash. Then use the cash I won to buy whatever I want instead of going through that convoluted mess

That's' why this project is likely to fail.
Can you imagine a VIP in casino making some shady deals with crypto: exchanging, transferring and etc.?
Once offered he would likely never come back.

Actually your concern could be unfounded. While it is possible for a VIP gambler to be making some shady deals... This apply for any crypto currency especially for the anonymous currency like Monero.

In dragon's case, they will have AML/KYC in place for the members who want to be on the Dragon platform.. so shady deals would not be anonymous and would be deterred

You can buy Crypto from many decentralised exchanges. Unless dragon doesnt want to list in any exchange your point is moot

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[Arvilaine]

What do we have here, a coin for VIP players in a casino? As far as I know, the junkets players can spend hundred millions of dollars especially if there is an occasion or event. Won't it make this coin more volatile?

That would be the point! More demand for dragon coins means a higher value for the coin and greater profit for us!

However i understand your concern.. how can a volatile coin be used by VIP gamblers to gamble in the casino?

The solutiom is the Dragon Global Chip DGC... it will be a family of DGC, the first will be DGC-HK which will be pegged to HK$1. This will be used for the casino gambling as it has a fixed value.

DRG is meant for the transfer of money and establishing the plafform and community

I see, thanks for clarifying that out for me.

With the use of DGC the fees for VIP's financial arrangements will be cheaper as they say, but what are the payments for? It is like when you are transferring your cryptocurrencies to other wallets or exchange?

[negancoin]

I start to read the whitepaper and I found these terms that help me understand about Dragon project, I hope if they can make a video would be something very useful.

Term ,,,,,,,,,,,,,,..........,,,	Definition
Junket	A private room in a casino, branded and operated by investors who pool funds to provide gaming services to VIP guests.
Negotiable Chip	Betting chips that can be converted to cash or used for rolling bets to earn commission.
Non-negotiable Chip	Betting chips used for betting and witch do not earn commission.
Rolling Commission	Commission paid to gamers when they place a bet using negotiable chips.
Dragon Wallet	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	Online exchange platform on which digital currencies are bought and sold.
Global Cash Machine	An Automated at currency machine which allows users to (i) withdraw at currency from blockchain assets, and (ii) deposit at currency into wallets.
Dragon Junket	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)	A Digital utility token bought with DRG and exchangeable for physical gaming chips in Dragon affiliated venues
Affiliate Junkets	Junkets where Dragon Global Chips are accepted, including but not limited to the four key junket Partners
Lock up	A period of time during which certain categories of DRG subscribers are prohibited from selling
Dragon Inc.	Dragon Incorporation (BVI) Limited incorporated under the laws of British Virgin Islands

[cammie16]

Nice, I have read about the dragon debit card and it focus my attention to it. I really hope that you will provide this card to all users of digital currency for casinos and players. By the way, is there any plan to give free airdrops?

[ehrz22]

I'm waiting for the day it will be used on the main websites I use to enjoy myself with some hardcore gambling, that's so fun to see.

That's good news for but don't be addicted to gambling, It can make your earnings in your pocket disappear just play safe and don't invest.

I agree, playing in casinos or any gambling needs great strategies and pure luck to wins. Also you need to control yourself specially when you are running of funds. Anyway, about the project I have a strong feeling that it will succeed by the help of active promoters to attract more investors to support this project.

[SlimShadyMmp]

2 Billion generated annually just on gambling flow is really huge and been tokenized will actually make dragon coin price really high especially if total coin supply is in millions, is actually a good idea to buy some now. I just hope casinos are going to adopt it very well although many people hate KYC but is a good idea i think to regulate this one here.
Credit card is a good idea too lets wait to see how Dragon coin platform going to be and the experiences around it..it will surely determine its adoptions and customers acceptance

[BRNSTYLE]

I have a hard time loading the image too. Better if they would add some text explanation so that those user who have a problem in internet connection can easily read the description. The new to this project, I think is that it can be bought directly using fiat currency. But hoping it would also add an exchange from token to fiat.

If i have not misunderstood, as they said at the picture that we can buy Dragon Coin Token a both way altcoins: BTC, ETH, LTC, XRP and credit card?

Yes after the ICO the coin can be bought with fiat or the coins you listed ,but what he was asking is, if you could sell the dragon coin to fiat ,which i think only logical if the currency is listed in any good exchange platform. in their explanation they have made it clear how it's going to work
1- Purchase DRG from an Exchange
A Player purchases our DRG ERC20 Token from a Cryptocurrency Exchange.
2- Exchange DRG for DGC
The DRG ERC20 Tokens are then exchanged for DGC (Dragon Global Chips) at our partner Casinos & Junkets, to be used in the Casino.
3-Winnings
Winnings that are paid out to the Player can be converted back to DRG, another cryptocurrency or the Player has the option of receiving a pay-out in FIAT.

Isnt that way way way too much effort for gambling though? I'd rather just gamble with cash and cashout in cash. Then use the cash I won to buy whatever I want instead of going through that convoluted mess

That's' why this project is likely to fail.
Can you imagine a VIP in casino making some shady deals with crypto: exchanging, transferring and etc.?
Once offered he would likely never come back.

Actually your concern could be unfounded. While it is possible for a VIP gambler to be making some shady deals... This apply for any crypto currency especially for the anonymous currency like Monero.

In dragon's case, they will have AML/KYC in place for the members who want to be on the Dragon platform.. so shady deals would not be anonymous and would be deterred

I guess you've understood my "unfounded"(?) concerns wrong.
When you have a cash to gamble it's stupid to transfer it to crypto. It's a useless option for gamblers much less for VIP ones.
But, maybe, it could work for people who came into casino already having some DCs, but who will transfer it initially, that's a question for me.

[Probablylikely]

Dragon Coin sounds like a bitter- sweet coin. Making things easier for gamblers yet encouraging them to bet. But really it sounds like the best thing that can happen to casinos and a boom coin coming pretty soon. It has a real life problem and has proposed a genuine workable solution. I'm watching out for this one with great anticipation

[rabotacoin]

Just did another article for Dragon.

https://steemit.com/dragoncoins/@boonster/blockchain-for-macau-s-gambling-may-be-just-what-the-government-needs

Do take a look guys and gals!

it was nice to read your news. I like when are statistics, not just the word. use coins very well-described. you move in the right direction, good luck.

[quimbi777651]

I have a hard time loading the image too. Better if they would add some text explanation so that those user who have a problem in internet connection can easily read the description. The new to this project, I think is that it can be bought directly using fiat currency. But hoping it would also add an exchange from token to fiat.

If i have not misunderstood, as they said at the picture that we can buy Dragon Coin Token a both way altcoins: BTC, ETH, LTC, XRP and credit card?

Yes after the ICO the coin can be bought with fiat or the coins you listed ,but what he was asking is, if you could sell the dragon coin to fiat ,which i think only logical if the currency is listed in any good exchange platform. in their explanation they have made it clear how it's going to work
1- Purchase DRG from an Exchange
A Player purchases our DRG ERC20 Token from a Cryptocurrency Exchange.
2- Exchange DRG for DGC
The DRG ERC20 Tokens are then exchanged for DGC (Dragon Global Chips) at our partner Casinos & Junkets, to be used in the Casino.
3-Winnings
Winnings that are paid out to the Player can be converted back to DRG, another cryptocurrency or the Player has the option of receiving a pay-out in FIAT.

Isnt that way way way too much effort for gambling though? I'd rather just gamble with cash and cashout in cash. Then use the cash I won to buy whatever I want instead of going through that convoluted mess

That's' why this project is likely to fail.
Can you imagine a VIP in casino making some shady deals with crypto: exchanging, transferring and etc.?
Once offered he would likely never come back.

Actually your concern could be unfounded. While it is possible for a VIP gambler to be making some shady deals... This apply for any crypto currency especially for the anonymous currency like Monero.

In dragon's case, they will have AML/KYC in place for the members who want to be on the Dragon platform.. so shady deals would not be anonymous and would be deterred

I guess you've understood my "unfounded"(?) concerns wrong.
When you have a cash to gamble it's stupid to transfer it to crypto. It's a useless option for gamblers much less for VIP ones.
But, maybe, it could work for people who came into casino already having some DCs, but who will transfer it initially, that's a question for me.

Correctly. I, too, do not see much point in changing the fiat to a dragon, especially with the KYC. Can the developer plan to attract more players from the crypto world?

[seriin]

This is a very good project. It attracts more people in the community,  but the primary problem that the people browsing this ANN Thread is that, the image is hard to load. And yes, that's true, me as well have hard time to load this. I hope that you can fix this simple problem that people are complaining about. There are busy people that will not take so much time to wait for the provided information to just load. Even if they wanted to know about this, they will just ignore it and look for other. But then, I hope for the better improvements of this project.

[Ted Kin]

2 Billion generated annually just on gambling flow is really huge and been tokenized will actually make dragon coin price really high especially if total coin supply is in millions, is actually a good idea to buy some now. I just hope casinos are going to adopt it very well although many people hate KYC but is a good idea i think to regulate this one here.
Credit card is a good idea too lets wait to see how Dragon coin platform going to be and the experiences around it..it will surely determine its adoptions and customers acceptance

Of course the flow is huge, but it is necessary to create a structure in the casino for the reception of dragons. It's good that there is a real business to run a pilot project.

[Efta321]

This is a very good project. It attracts more people in the community,  but the primary problem that the people browsing this ANN Thread is that, the image is hard to load. And yes, that's true, me as well have hard time to load this. I hope that you can fix this simple problem that people are complaining about. There are busy people that will not take so much time to wait for the provided information to just load. Even if they wanted to know about this, they will just ignore it and look for other. But then, I hope for the better improvements of this project.

yes I totally agree and am amazed to see this project, this project does attract many people in to join. but there are some shortcomings but I am sure that the drought will surely be fulfilled. good job.

[Greet_1981]

Even if they capture a small portion of the market this will be very successfull. This can potentially be huge.
Team is very professional. Had a problem with my ETH-transfer. This was resolved in no time! (taken up by CEO himself, on Telegram).
I'm confident this project will succeed!

[coinbitcoin91]

I'm sure that the developers are on the right track! Coins for gambling are a very interesting idea, they can have their own price, which can be exchanged for other coins or real money.

[jaredl]

I have a hard time loading the image too. Better if they would add some text explanation so that those user who have a problem in internet connection can easily read the description. The new to this project, I think is that it can be bought directly using fiat currency. But hoping it would also add an exchange from token to fiat.

If i have not misunderstood, as they said at the picture that we can buy Dragon Coin Token a both way altcoins: BTC, ETH, LTC, XRP and credit card?

Yes after the ICO the coin can be bought with fiat or the coins you listed ,but what he was asking is, if you could sell the dragon coin to fiat ,which i think only logical if the currency is listed in any good exchange platform. in their explanation they have made it clear how it's going to work
1- Purchase DRG from an Exchange
A Player purchases our DRG ERC20 Token from a Cryptocurrency Exchange.
2- Exchange DRG for DGC
The DRG ERC20 Tokens are then exchanged for DGC (Dragon Global Chips) at our partner Casinos & Junkets, to be used in the Casino.
3-Winnings
Winnings that are paid out to the Player can be converted back to DRG, another cryptocurrency or the Player has the option of receiving a pay-out in FIAT.

Isnt that way way way too much effort for gambling though? I'd rather just gamble with cash and cashout in cash. Then use the cash I won to buy whatever I want instead of going through that convoluted mess

That's' why this project is likely to fail.
Can you imagine a VIP in casino making some shady deals with crypto: exchanging, transferring and etc.?
Once offered he would likely never come back.

Actually your concern could be unfounded. While it is possible for a VIP gambler to be making some shady deals... This apply for any crypto currency especially for the anonymous currency like Monero.

In dragon's case, they will have AML/KYC in place for the members who want to be on the Dragon platform.. so shady deals would not be anonymous and would be deterred

I guess you've understood my "unfounded"(?) concerns wrong.
When you have a cash to gamble it's stupid to transfer it to crypto. It's a useless option for gamblers much less for VIP ones.
But, maybe, it could work for people who came into casino already having some DCs, but who will transfer it initially, that's a question for me.

Think you understood "VIP gamblers" wrongly... when VIP gamblers go to junket to gamble, they "do not" have cash nor do they bring cash.
These VIP gamblers just rely on a line of credit from Junket operators which provide gambling chips to them from the casino. These junket operators have to rely on their own capital or credit from finance agents who charge the junket operators a percentage of the credit.. typically 5%.

Hence the main buyers and users of the DRG will be junket operators. Especially when they have collected the "losses" from the VIP gamblers from their home countries after the gambling trips, these money can be converted to crypto and then transfer back to the junket operators who could be in Macau or anywhere in the world. It could also just be maintained as DRG so that it can be "rolled" into capital for the next gambling trips for the next group of VIP gamblers.

junket operations is not as simple as bringing cash to the casino and gamble.. the complexities are the financing systems, the debt collections and the remittance of large sums (winnings and losses) across borders.

Hope you do understand now.

[boonsterx]

What do we have here, a coin for VIP players in a casino? As far as I know, the junkets players can spend hundred millions of dollars especially if there is an occasion or event. Won't it make this coin more volatile?

That would be the point! More demand for dragon coins means a higher value for the coin and greater profit for us!

However i understand your concern.. how can a volatile coin be used by VIP gamblers to gamble in the casino?

The solutiom is the Dragon Global Chip DGC... it will be a family of DGC, the first will be DGC-HK which will be pegged to HK$1. This will be used for the casino gambling as it has a fixed value.

DRG is meant for the transfer of money and establishing the plafform and community

I see, thanks for clarifying that out for me.

With the use of DGC the fees for VIP's financial arrangements will be cheaper as they say, but what are the payments for? It is like when you are transferring your cryptocurrencies to other wallets or exchange?

DRG will reduce the fees associated with sending money for the VIP for staking his chips as well as when the VIP has won money and would like to transfer back to his country. And also when the VIP has lost and needs to pay the junket operators, these losses or profits for the junkets will be transferred from another country (where the VIP stays) to the junket operator.

DGC is meant as a chip for gambling.

[kyxap]

this looks promising special given that this is in this particular platform.
I think this is a great opportunity for everyone,including the traders and the team involved in this project.
And it's chance to gain more clients. This will be great for everyone.

Definitely, an amazing project as I read on their white paper. Very promising project that having a possible that everyone will convinced those users and investors. This project is intended those gambler that for sure will support them gaining enough profit in the future.

Agree with you. I think this project can do a revolution for addictive players in future and do their gambling experience better and attractive to
pastime 

[Pipshunter]

I'm sure that the developers are on the right track! Coins for gambling are a very interesting idea, they can have their own price, which can be exchanged for other coins or real money.

Dragon taking crypto gambling to whole new level.
We taking over Macau.  

[PDAngel]

Nice, I have read about the dragon debit card and it focus my attention to it. I really hope that you will provide this card to all users of digital currency for casinos and players. By the way, is there any plan to give free airdrops?

Dragon Debit Card (DDC) make me have attraction about . How we can order this and can using DDC for cash out as VISA/MASTER card? Or DDC is only for Dragon Tokens?