Dragon Corporation is launching its ICO February 15th 2018 (Chinese New Year’s Eve) and the first Dragon Junket is launching soon. What is the Dragon Junket and how can it benefit wealthy gamers?
Dragon Corporation has plans. Huge plans for gaming in Macau with their Dragon Junket. But how will the Dragon Junket benefit high-rollers in Macau?
Not only is Dragon Corp. launching its initial coin offering (ICO) February 15th 2018 for its decentralized coin - the Dragon Coin (DRG), it will soon also be listed on a number of cryptocurrency exchanges. And not only this, it has exciting plans for a floating, 1,600-square-metre eco-friendly hotel and casino - the Dragon Pearl - where it will host Dragon Junkets for wealthy gamers in over 16,000 square metres of floor space. That’s about two-and-a-half times as big as The White House!
Dragon Corp. hopes to raise $500,000,000 US dollars from the ICO, that will partly finance the construction of the Dragon Pearl which is being built in Norway, before being sent to Macau by 2019.
The hotel and casino is unique in that it will only accept Dragon Coins (DRG) for gaming and hotel services - that’s right, no cash!
You may be wondering why it’s a floating casino? Speaking to Business Insider, CEO and Founder of Dragon Corp., Chris Ahmad said: “If you wanted to move it, if economic problems arise, we could move it somewhere else, it’s the sizes of the MGM in Las Vegas”. Smart idea!
Macau: Gambling and Shopping and Glitz – Oh My!
Macau is only 30 square kilometers - try to envisage 700 football pitches to get some idea of its size. But while Macau is relatively small, it packs a mighty punch in terms of big name hotels, glamour and sparkle, and of course gaming.
Macau is a former Portuguese territory (which explains the locals’ snack of choice - the delectable Portuguese Tart). Its neighbour is Hong Kong (a ferry operates from HK to Macau taking around 55 minutes - across the Dragon Pearl estuary - yes, the name of hotel) where it occupies a small peninsula and two islands off China’s southern coast.
Known around the globe as the “Vegas of China”, Macau is the world’s most densely populated place with 20,497 people per square kilometer in 2013. Its economy comes mostly from tourism (a must-see are the Ruins of St.Paul!), and a huge amount of revenue comes from gaming exceeding $28 billion US dollars in 2015. Las Vegas typically generates around six billion US dollars a year. So, as you can see, gaming in Macau is HUGE business. Baccarat is the most popular game. Like Las Vegas, Macau also attracts big stars - Celine Dion will be performing later this year.
What is a junket?
Junket operators, also known as VIP room promoters, are a group of investors who lease an area in a casino and invite wealthy clients to play high-stake games.
The issue for high-net worth clients is the amount of transaction fees they are charged; a fee in order for their money to be available in Macau and also another fee for transferring their money back to their home country.
A typical transaction charge is around 5-7 per cent, however, using blockchain technology, Dragon Corp. is able to cut this fee to around 1 per cent (0.5 per cent for each purchase and each sale). A boon for any high-rollers wanting to game in Macau!
The Dragon Junket: A VIP junket for smart gamers
Currently, contracts have been signed with four junket partners and plans for a second Dragon Junket, and at least another four junket partners, is set to be fully operational by the end of 2018.
Wealthy gamers looking to take part in the junket will be able to purchase Dragon Coins which they will be able to exchange for Dragon Global Chips (DGC). Those wishing to be part of the Dragon Junket can apply online and install a Dragon Commnity Wallet on their smartphone.
The first Dragon Junket will take place in the next couple of weeks in South Korea, before the Chinese New Year.
Dragon Coin: Ethereum Blockchain Technology
Dragon Corp. uses blockchain technology, Ethereum blockchain, which hosts its DRG.
500 million Dragon Coins (DRG) will be issued by ERC20 compliant smart contract technology, operated over the Ethereum blockchain.
The coins are allocated as follows: founders 10% (50 million DRG), advisors 1% (5 million DRG), treasury 7% (35 million DRG), and reserve 10% (50 million DRG).
From the Dragon Token Sale the coins are allocated as follows: junket partners 53% (265 million DRG), early supporters 12% (60 million DRG) and public sale 7% (35 million DRG).
Plans for burning DRG are also in the pipeline.This will take place after 3 months once operations begin. More information about burning DRG can be found on the white paper.
Dragon Corp. Airdrop: “One Month, One Millionaire”
If owning Dragon Coins wasn’t enough, there will also be an airdrop! 10 percent of the net monthly income from the Dragon junkets will be air dropped and one lucky person will win DRG!! The winner will be randomly chosen via algorithmic selection.
2018 is certainly shaping up to be the year of the Dragon Coin! HODL! To the Moon!! Lambo’s for all!
Visit the Dragon Coin main website here: https://drgtoken.io
Dragon Coin ICO: https://tokensale.drgtoken.io
Dragon Coin Whitepaper can be found here: https://s3.amazonaws.com/drg-token/Whitepaper-Dragon.pdf
Follow Dragon Coin on Twitter: https://twitter.com/DragonCoin
Join the conversation with fellow Dragon Coin members on Telegram
Check out my profile on the BitcoinTalk forum: https://bitcointalk.org/index.php?action=profile;u=1626559
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.scribd.com/document/367371836/Whitepaper-Dragon
I love the fact that they use the Ethereum blockchain! I'm going to go check out there website as well! Great post, just followed you as well!
Thank you! Yeah, it's pretty cool - do check them out.
Thanks you louisevontrap for following me