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Dragon DRG –PART 2: ICO REVIEW AND TOKEN SALE

In this part, I will be discussing the ICO review and token sale.
Did you miss the first part of this article where I introduced the project and also discussed the problems to which the dragon coin is providing a solution? Check below

Why should I invest in dragon coin?

There are certain factors to consider before investing in any project. These factors, if well analyzed will help have a convincing opinion about the project whether it is going to moon or dump. Below are the factors

The project

Personally, the first thing I consider when analyzing any project is the reason for it creation, whether it is created to solve a real life problem. By knowing this, I would be sure the project will definitely do well because it has a real life application and is not just any project that is developed without any genuine purpose than to raise money from the public.
  • Dragon coin has been developed to solve the problem of high transaction fee and fund movement by the junket and VIP players in Macau casinos.
  •  Dragon coin will solve the problem high transaction fee charged by credit providers who to move funds into Macau by reducing the fee from 7% to 1%.
  • Dragon coin will enhance the movement of fund by creating DRG tokens which can be easily converted to dragon chips (DRC) for playing in the pool.
Dragon coin uses are not limited to Macau only, but can also be used as a means of exchange for goods and services in the whole dragon ecosystem.

The Team and Advisors

The team and advisors of a project are one of the most important things to consider when analyzing a project as people are skeptical about investing in a project with a weak team.
The dragon coin has a team and advisors who are experts in different fields of business, finance and technology. The founder and CEO of dragon Inc Mr. Chakrit (Chris) Ahmed is an expert in technology, software, listings and M&A with over 10 years of executive experience. The fact that this project is a currency and not a smart contract has eliminated the need for a very large team. I strongly believe this team has the necessary skill and ability to successfully deliver this project.

Roadmap.

The idea and concept of dragon coin was first developed in December 2016 and after the idea development, dragon coin formed a strategic partnership with casinos and junket in Asia.
Dragon had it 1st public appearance in August 2017 in Macau where it brought hundreds of blockchain and token sale experts around the globe to optimize and validate the project. Dragon was able to raise $20million from pre-sale through private investors and institutions in November 2017.
 In Q2 2018 once dragon has successfully trialed the dragon blockchain within it first casinos, dragon will expand it full operation into Macau. I strongly believe dragon coin is capable of meeting it remaining milestones.

Token and ICO structure

The DRG token will serve as a medium of exchange in the dragon ecosystem. The token sale started on 15th February 2018 and will end on 15th march 2018. Participants that are interested in the token sale are required to get whitelisted and pass the KYC (know your customer). Participants from USA, Singapore and China are not eligible to participate in the ICO.
Ticker: DRG 
Token type: ERC20 
ICO Token Price: 1 DRG = 3.77 USD (0.00500 ETH)
Hard cap:  407,500,000 USD 
Sold on pre-sale: 320,000,000 USD 
Total Tokens: 500,000,000

Official:

Official website: https://www.drgtoken.io
Whitepaper: https://bit.ly/drgtoken  

Disclaimer:

This is my personal estimation about this project. I would propose you do your own research about this project before you invest in it as I am not a business advisor or analyst. I shall not be deemed responsible for any profit or loss incurred for investing in the project. Thank you 

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