Dragon Coin is an Ethereum-based platform that aims to convert the gaming industry by providing cost-efficient and effective facilities. The Dragon platform seeks to build a community focused on a digital tokenized ecosystem. The system takes care to meet the requirements of casinos and their gaming patrons.
As per the whitepaper, the problem was a considerable portion of junkets incurred from the VIP gamers in Macau casinos. In simple words, a junket is a place organized for the elite group of casino players to come and try their luck in the game. As many casino gamers play with games of chances in the hope of winning every week, they incur heavy risks. A junket is needed to organize stake currency to be on hand whenever each leading gamer plays in the casino. Similarly, in each repeated event, the junket also multiplies with the times of the attempts. For example, for the first repetition (second attempt), the junket will double itself, and for the second repetition (third attempt), it will triple itself. This playing attempt brings a huge amount in bulk as many players participate in these casino games.
Thus, the Dragon platform emerged as a solution to come out of this junket's problem. The platform’s team intends to bring tech solutions and digital tokens to facilitate the process. The Dragon platform claims to tokenize the stake amount at a low cost, thus reducing the junkets. The idea is to use DRG digital tokens using a blockchain to record transactions and token tracking.
Through the Dragon platform, the elite gamers can then acquire digital tokens. This process facilitates a numerical representation of the tokens in the gamer's smartphone wallet. Moreover, DRG is the native utility token that fuels the platform. The token facilitates the users with a membership of Dragon that allows access to the Dragon Platform. Members also get entitlement to certain privileges, like access to Dragon Junkets and affiliated junkets and casinos that have adopted DRG.
In addition, the DRG token is also helpful to acquire Dragon Global Chips (DGC) on the platform. This conversion enables the members to access the Dragon-affiliated gaming venue. Therefore DRG token is required by the gamers.
Therefore, when gamers need to, they can convert these Dragon Coins ($DRG) to digital Dragon Global Chips (DGC) for use in the junket. These chips can be further used to play games in the casino. After the game is over, one can convert these DGC tokens into DRG tokens.
Along with this, the platform also provides the community holders the below features: