DRAGON ICO - Unfair, Inexpensive And Transparent Financial Mechanism In The Casino.

What is a dragon

Dragon is lucky & blessed to have a close relationship with junket operators, who with their long history in this industry have gained major industry drivers of the Asian gaming industry.
Dragon Coin will act as an unlimited, low cost and transparent alternative financial mechanism inside the casinos, to improve the ancient game industry. With his expertise in blockchain technology, Dragon's goal is to revolutionize the industry's longest industry leader Dragon Coin.
Dragon Coin Solve the Problem
Current Issues
Hundreds of rocket 'Elite Gamers' ride to Macau every week of the year to play baccarat and other games of coincidence in "junkets" - a game room with VIP bets with a minimum amount of millions of dollars - are operated separately. the cost center by the shareholder syndicate inside the resort's top level casino.
Millions of dollars? At tables in this VIP game room, every day and junket organizers demand exorbitant fees in managing such high bets in order to be ready for use by VIP gamers upon arrival. Then, after enjoying the games and hospitality of the junket, their high roller VIP guests also bear the high cost of repatriating their victory.
An addict often needs to organize a billion bucks to get in the hands of every elite gamer arriving in Macau. Current cost to the junket in making the necessary? Financial arrangements of at least 5%. As for the players, they are usually forced to charge a fee of between 5% -7% for the costs associated with the return of their victory.
A large junket in Macau may accommodate more than 100 elite gamers at a time, often generating turnover of over US $ 250 million per day. With the level of the game on the table and the constant ringing of players, the friction costs incurred by both junkets and his savvy guests, the gamers associated with the determination of money position and the return of victory are both very large and punishing.
The solution
It digitally links both game money and game chips and uses blockchain to record transactions and impressions, not only in Macau and internationally, with the opportunity to change cost-cutting measures, improve efficiency and a higher level of security in high-stick management. volume of money flows.
Through connectivity with our digital value platform, the Dragon Platform, the elite gamers who want to visit junkets can easily convert? On money to digital tokens, which will be listed on the underlying blockchain platform. A numerical representation of tokens held at one time will be displayed on the smart phone wallet of gamers.
Whenever necessary, gamers can change Dragon Coins (DRG) easily into Dragon Dragon Chip Dragon Fixed-Value (DGC) for use in junkets. After the game, DGC can be converted back into DRG and then converted into Fiat money or other digital currency when required, all on demand and via touch screen on smartphone. If gamers choose to save money and win in digital form that is ready for their next visit to the game table, they can do it safely and at minimal cost.
The application of digital token technology beyond money and victory to the management and tracking of individual gaming chips, delivering junkets and casinos with a significant cash management system.
Cost savings
The use of the Dragon Digital Financial Platform by following their elite junkets and gamers will cost you approximately 1% over the usual 5%. This is a significant savings that increases profitability and releases more money on the bet to gamers.
Wider benefits
Though fintech applications to the gaming industry has broader benefits. Crypto and digital currencies are often associated with anonymity 'value ownership', a problem facing casinos as well. However, if the digital financial platform is managed and operated with good corporate governance and appropriate KYC / AML procedures, then the use of digital value tokens in industries such as casinos, where the use of cash in cash is very common, can be very helpful in the global drive to eradicate money laundering and blackmail the black market economy.

How It Works?

We are building a business to enhance & improve the way that people engage with Casinos. Transparency & Integrity play a great role in achieving this, & the Blockchain facilitates that solution perfectly. "- Chris Ahmad, Co-Founder & CEO of Dragon INC.

The Macau Gaming Market

Carry out any review of the media output on Macau and its gaming industry today and you will discover a very positive landscape. The reports not only highlight a clear trend of strong well-fuelled growth in traditional sectors, especially in VIP junkets but, in addition, one will clearly sense a general water of optimism and dynamic energy that is moving, broadening and internationalizing the peninsula's gaming industry . Gaming in Macau is moving strongly ahead.
Carry out any review of the media output on Macau and its gaming industry today and you will discover a very positive landscape. The reports not only highlight a clear trend of strong well-fuelled growth in traditional sectors, especially in VIP junkets but, in addition, one will clearly sense a general water of optimism and dynamic energy that is moving, broadening and internationalizing the peninsula's gaming industry . Gaming in Macau is moving strongly ahead.

The industry is well managed by the Gaming Inspection and Coordination Bureau (DICJ) that licenses all game operators, monitors market throughput and projects forecasts. In a recent report, DICJ announced that game win in July 2017 rose 29% over 2016, and reached US $ 2.86 billion. Top income? Rst seven months 2017 is US $ 18.5 billion, up 19% in 2016.
This statistical position Macau, which is the world's largest eco game system, is on track to surpass the record of winning games over 2017. Compare with all Nevada casinos, reportedly a collective game that generates US $ 11 billion for 2016.
Industry insiders are bullish on both accelerated growth and sustainability. What is important for Dragon Inc., sector analysts generally agree that the increase in the number of VIP (junkets) gamers is driving growth.
Six Macau licensed casino operators are also eyeing international expansion into Japan and Vietnam. These two highly prospective regional markets are very popular for growth and cross-regional synergies. According to Forbes (Oct 2017), the Japanese government intends to complete the legislative process in the first quarter of 2018 which will let the casino operate in the country for the first time.

Junket Dynamics

After being invited, or after deciding, to attend a VIP party in Macau, a high-roller gamer will tell junket operators about the volumes he wants to provide (as credit) at the game table. This could be millions of Hong Kong dollars. The provision of pegs is earned by junket agents who are vouching for their clients.
This is an expensive and traditional system that brings financing costs and credit risk, therefore the typical cost, including the commission for the introductory agent, is 5% of the total shares. As an incentive to ask the elite gamers to attend, and to facilitate the entry fee of gamers, the cost of setting these pegs is picked up by junket.
Upon arrival, an elite gamer will be required to register his junket VIP card. This is done by providing a phone number and showing a valid passport. A con? The rmation code is sent via SMS and the VIP account is opened there and then. After activating his account, elite gamers then sign the deposit form to get the stake (credited to his junket account).
This money can then be converted into a NON-NEGOTIABLE game chip. This non-negotiable chip can not be cashed. Instead, gamers should wear it while playing on the desk. This forces gamers to 'play' all the money on the junket table, which underlies the daily game volume. As an incentive to roll, junket operators give elite gamers a 1% discount on their dirty money once they complete the first roll.
Victory is given in the form of NEGOTIABLE game chips, which may be at stake or cashed at the cash register. After deciding to return home in return, the player once again needs help from the junket manager. This operation will harm the elite gamers between 5% -7% of his victory.
The maximum bet on a baccarat table in a Macau VIP junket can be as high as HK $ 2 million per game, and daily rolling volume of HK $ 2 billion, with a junket likely to accommodate more than 100 elite gamers a day. Most will play baccarat but other games of opportunity are offered.

Currently there are more than 75 accounting for 80% of total VIP revenue.
International agency networks extort the creditworthiness and suitability of high roller gamers before introducing them to VIP junket operators. Agents receive commissions from junket operators to give credit to elite gamers and they are responsible for the junket for debt collection.
The top 40 VIP junkets account for 80% of VIP's total, for Suncity Group, one of the premier VIP operators, recently surpassing the monthly volume of HK $ 130 billion (US $ 17 billion).
Other major VIP junket operators include Neptune Group Ltd., Dore Holdings Ltd., and Lao Kun Group Holdings Company Limited (formerly known as Asia Entertainment & Resources Limited). All licensed entirely by Macau Gaming Inspection and Coordination Bureau (DICJ) and some top junket operators have group companies listed on the Hong Kong Stock Exchange. All junket operators must receive support from one of the concession holders of the game and the sub-concession (casino) of the Territory.

The Dragon Platform

Buying, Selling and Converting DRG
After completion of the Token Sale, BTC, ETH, XRP, LTH, through a number of leading industry-recognized partner crypto-exchanges or directly through the in-house Dragon Exchange.
Social Wallet
Members of the Dragon Community, defined as being fully affiliated with Dragon-affiliated 'Social Wallet' Dragon-affiliated smartphones which will help them visualize the number of DRG, DGC and other forms of digital value tokens stored securely in their Dragon account on the ethereum blockchain. The Dragon Wallet will fully support the holding of both DRG and DGC.
DRG and BTC / Alt Coins
The Dragon Platform and Dragon Community Wallet will support the holding and cross-conversion of DRG to BTC, ETH, XRP, LTC plus other major digital currencies in the future.
Dragon Debit Card
Every Dragon member can opt to receive a Dragon Dragon multi-currency debit card linking their Dragon account to the global MasterCard / Visa network of ATMs and vendors.
Global Cash Machines
The platform will be connected to a network of Global Cash Machines (GCMs), which will allow members to use their Dragon debit cards to draw fiat cash by converting the digital value stored in their account wallets (whether held as DRG, BTC, ETH, XRP or LTC). Members will also be able to deposit fiat money into their wallets at GCMs.
The roll out plan is to first position GCMs in every Dragon Junket and Dragon affiliated gaming venue. Later, GCMs will be sited strategically in major cities in the Far East / ASEAN region, and thereafter in a number of major cities globally.
Global Cash Machines Starting in Q1 2018 Dragon Inc. plans to position digital token compatible ATMs in all Dragon and affiliated gaming venues. These will be branded Global Cash Machines (GCMs). In time, the network of GCMs will steadily expand so that members of the Dragon Community - along with holders of other major crypto coins - will be able to gain access to cash from their digital currency wallets. Dragon Inc. will seek to harmonize efforts and standardize protocols.

The Technology

Distribution Tokens

The maximum number of DRGs that could be created is capped at 500 million, which are allocated as follows:

Founders: 10% (50 million DRG)
Advisors: 1% (5 million DRG)
Treasury: 7% (35 million DRG)
Reserve: 10% (50 million DRG)
Junket Partners 53% (265 million DRG)
Early Supporters 12% (60 million DRG)
Public Sale 7% (35 million DRG)
DRG held in Treasury will be used as a bonus DRG to Core Subscribers, and DRG Bonus to the Dragon Social Fund.
DRG held in Reserve may be sold in subsequent rounds of token generation events or in the market, upon reaching the next milestone.

Token Details