I have been personally vested in the Dragon ICO since the last year November. And I have been watching their developments as well as how investors are receiving this ICO. As of my writing this article today, Dragon is about to complete their very successful ICO on the 15th March 2018.
This journey has been enlightening and exciting for myself and I am going to do a round up of the key achievements and developments of Dragon Inc throughout this time and to put together a few personal predictions on how I see Dragon Inc developing.
Early in December 2017, I started to read about Dragon Inc in Reuters and was impressed by Dragon’s ability to secure US$265 mil from 4 junket operators in a private placement round. This must be an amazing blockchain product I was remembered thinking.
After doing in-depth research, I discovered several details about this ICO that suggests that this is a very undervalued ICO and that I just got to get in on this ICO before more people realized what this company is doing.
They are disrupting a multi-billion dollar industry with application of the blockchain and they already have the business network and the support of players in the industry even before they start.
I must admit that I do not see any out-of-this-world technological innovation from Dragon but the business use case, the business network and connections to make this happen blew me away and I just had to make sure I own the Dragon coins, which are the tokens that will enable the entire Dragon platform and bring the innovation and cost savings to the traditional junket operations.
After the pre-sale in December 2017, Dragon started to be listed in several exchanges and while we are seeing super high volumes yet as this is prior to the commencement of operations of Dragon, I did not see any dumping of the Dragon coins on the exchanges. This simply shows the resilience of Dragon Coins.
Dragon Coin is now listed on Coinhub, IDEX, Qryptos, Forkdelta, and Etherdelta. And the number of exchanges listing Dragon Coin is expected to grow after the end of the ICO and as Dragon launches more and more exciting news such as new junkets, new partnership etc.
Dragon, in the month of February and March, announced 2 partnerships. The partnership with DragonBet8 which is a online gambling portal that has started to accept Dragon Coins as one of the forms of payment to their site. The partnership with 7 Luck which is the government run casinos in South Korea that has opened Dragon Junkets in their 3 casino branches in Seoul.
These 2 new partnerships came while Dragon is still running their ICO, which is a pleasant surprise, as it demonstrates the ongoing efforts by Dragon to become a global brand.
At the same time, if you are watching their twitter feed at https://twitter.com/DragonCoin, you will be seeing all the marketing and promotional efforts by Dragon worldwide. The drive to become an international brand is unabated.
With the end of the ICO in 1 more day, I am excited to see what lies ahead for Dragon. The burning program and the monthly airdrop program which will start in about 2 months as well as more news of Dragon junkets being open in 2018.
These events and news will continue to move the price of Dragon Coins each time it happens.
With the current drab atmosphere surrounding the entire crypto space, we really need some shining star to prove to the world that blockchain and cryptocurrencies do have the ability to change the world. We need Dragon to succeed and to become a leader in the crypto world. I certainly see this as one of the predictions of 2018.
I also see that with Dragon achieving successes in partnerships and opening more junkets in 2018, the buying pressure for Dragon coins will keep increasing as more and more junket operators buy up Dragon coins in order to run their operations. This will move the price up for Dragon as there is a limited supply of Dragon coins in circulation. How much will the price be?
If you read one of my previous articles, I suggested that it should be at least $33.39. I continue to stand firm on my opinion for this price estimation.
I believe 2018 will see Dragon becoming one of the success story for the entire crypto space, not just in launching a successful ICO but also delivering their value for investors.
BoonsterX
Dragon Website : https://drgtoken.io/
WhitePaper: https://bit.ly/drgtoken
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