Anyone familiar with the cryptocurrency industry will understand that dozens of projects are trying to revolutionize the global gambling industry. For non-gamblers, it can be hard to appreciate how significant blockchain innovations might be for the industry. However, some of the global gambling market’s problems are easy to understand once explained. For example:
- Gambling is illegal in many nations, but in certain regions may be legal or quasi-legal.
- Internet gambling is somewhat universal, but is partially blocked by certain national regulators. Thus, the online gambler who lives in a region where the practice is illegal must either abstain, travel to a region where gambling is legal, or circumvent the local laws using a VPN or other method.
- It’s insanely expensive for high-stakes casinos to have enough cash-on-hand to cover the earnings of big winners (and other expenses). This cost is passed onto the winners, who must pay high fees (sometimes 5% to 7%) to repatriate their funds.
There are blockchain solutions jumping into the brink for each of these issues, but the upcoming Dragon Token ICO is primarily focused on the 3rd issue. They want to lower costs for large gambling houses (junkets) and thus lower costs for gamblers. They will do this using two cryptocurrencies: Dragon Global Chips (DGC) and Dragon Tokens (DRG).
Investors who may wish to take part in the Dragon Token ICO will want to be informed about the nature of the company’s business model. We’ll start out by explaining how the Dragon network is proposed to work, why we think the Dragon Token ICO may be a huge opportunity for investors, and how new investors can get their piece of the Dragon Token ICO action.
What Are Dragon Token’s Long-Term Plans?
As Dragon Token is not legally defined as a “currency” in some world regions, this may have big implications for gambling. While one user may not be able to gamble fiat dollars, legally speaking, they may be able to gamble with virtual currencies without running afoul of national laws. Dragon Token is on the cutting edge of this new approach to legalized gambling.
Why Might Dragon Token Be a Good Investment
Dragon Token isn’t just for gamblers. The Dragon Token ICO is drawing interest from a lot of general cryptocurrency investors, who see a great deal of potential that Dragon Token holds for the Macau, and later global, gambling industry. Specifically, Dragon Tokens offer a great deal of potential upside, as it is likely that Dragon Token usage will spread beyond the current 4 junkets currently committed to using it. Also, users who are willing to hold Dragon Global Chips (DGC) within the Dragon Token ecosystem, get the benefit of cryptocurrency stability, as the price of the chips will never vary.
In our estimation, Dragon Token offers the most versatility and return-potential for crypto investors, regardless of gambling savvy. If you’re convinced that Dragon Token is promising, you’ll probably want some information on the Dragon Token ICO. That’s what we’ll supply now. But hurry! At the time of this writing, the Dragon Token ICO will start in less than 2 days!
Buying Ethereum to Buy Dragon Token
It’s only natural that, being an ERC20 token, Dragon Token would accept Ethereum for its ICO. Hopefully you already have some Ethereum of your very own. But if you do not, get some at Coinbase.
You definitely should not send Ethereum straight from Coinbase (or any other exchange wallet) to the Dragon Token ICO. The smart contracts that handle the transaction of Ethereum to DRG will automatically send your Tokens to the address from which you sent them. As Coinbase has no mechanism for making Dragon Token available to you, if were to be sent to a Coinbase address, you would pretty much lose your investment into a black hole. So don’t do that.
Instead, move your Tokens to the MyEtherWallet account you just made. Remember that address I told you to take note of earlier? Copy this and “send” or “withdraw” your Ethereum from the exchange to the MyEtherWallet account you control.
Sending Money Into the Dragon Token ICO
Congratulations, your KYC verification process is complete and you can now take part in the Dragon Token ICO. In your Dragon Token ICO dashboard, you’ll find the Ethereum address you must send money to in order to receive Dragon Token DRG. Copy this address and go back to the MyEtherWallet account, as pictured a few images above in this guide.
Choose to “Send Coins”. Choose ETH for Ethereum. Choose how many/much you wish to send to the Dragon Token ICO. Then paste the Dragon Token ICO address into the address line as requested. Send the Tokens and in a few seconds, they will have been received by the Dragon Token ICO team.
It’s important to note that you won’t receive your Dragon Token DRG until about 45 days after the ICO is closed. It may happen earlier, but the Dragon Token team has given themselves this window of time in which to work. Once available, your Dragon Token will appear in your Dragon Token wallet.
From here, you will be able to transfer it to the MyEtherWallet account we had you make earlier. You’ll also be able to send your Tokens to the Dragon Token wallet which will be in the mainnet system once this is available to customers. If you don’t live in Macau, or don’t plan to visit there soon, it’s unlikely you’ll be able to use Dragon Token. Therefore, most investors will be better served by storing their Dragon Token tokens in the MyEtherWallet.
Final Thoughts on the Dragon Token ICO
Dragon Token represents a major disruption in the gambling industry. While this disruption has not yet matured into an industry innovation, at least not one widely adopted, it holds incredible promise for the future.
Investors are chomping at the bit to take part in the Dragon Token ICO, because they understand the ramifications of this new currency model for gambling on Macau and in the rest of the world.
We hope you are able to quickly register and complete the KYC process necessary for taking part in the Dragon Token ICO. If you are successful, you may be able to buy one of the big cryptocurrency winners of 2018, and beyond.