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:

Dragon Inc. started in 2017, registered in the British Virgin Islands. The organization takes care of the Dragon platform and promotes its real-world application. 

The Dragon platform team comprises Chakrit (Chris) Ahmad (founder & CEO), Paul Moynan (cofounder of business development), Panchat Chayutthana (director of business development and finance), Yobie Benjamin (CTO), Dr. Alen Siy (CFO), and a few board members.

The maximum total supply of DRG tokens is 500,000,000 DRG. 

DRG token creation is done via the process of mining. The ERC20-compliant smart contract technology and the linked protocols govern and manage this process. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. 

These DRG tokens work on the Ethereum blockchain. And hence the ecosystem includes the gaming transactional token system as DGC. Further, the tokens also get created via the burning process. This burning process develops from the Dragon Junkets and the affiliate junkets. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key, which implies the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

We update our Dragon Coins to USD currency in real-time. Get the live price of Dragon Coins on Coinbase.