Dragon: Gaming for the 21st Century

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Dragon: Gaming for the 21st Century

https://www.drgtoken.io
Dragon is using their ties to junket operators in order to change the way that currency is exchanged during gambling transactions. The junket operators are using their relationships with high-stakes players to create a relationship between Dragon and these gamers, who drive a major part of the gambling industry in Asia. As a low-cost alternative to traditional money, Dragon intends to enhance an industry that has existed for centuries.

Dragon Coins

Dragon starts with Dragon Coins, or DRG. These tokens are based in Ethereum, an already established cryptocurrency. When a person purchases DRG, they are entitled to membership with Dragon, which means access to the Dragon Platform. This platform allows members to access Dragon Junkets and other affiliated junkets.

Dragon Global Chips

DRG can be converted into Dragon Global Chips, or DGC. These digital chips can be redeemed for the physical chips required for gaming at any Dragon Junket or Dragon affiliated gaming area. These chips, at the end of play, can be exchanged for either cash or digital currencies. All of these transactions happen in a gamer-cashier wallet.

Other Means of Access

All Dragon members can access their funds via more traditional methods, if desired. One such method includes a debit card, which links Dragon accounts to globally available MasterCard and Visa ATMs. Global Cash Machines will also allow members to deposit cash into their Dragon accounts to convert it into digital currency.

The Problem Dragon Solves

Looking at Macau as an example, one can see the problems that occur with the traditional method. In Macau, where hundreds of high stakes gamers play every week, a traditional junket incurs massive amounts of fees. When a VIP arrives at a casino, junket organizers need to arrange for a large amount of stake money, ready to be used after their arrival. At minimum, these fees are five percent. Further fees are imparted on the player when they claim their earnings. These fees range between five and seven percent.

The Benefits

By tokenizing stake money and gaming chips, junkets and casinos in Macau and around the world can reduce costs and improve efficiency. Additionally, the blockchain’s recording of all transactions would serve to improve security in the high volume flow of money. Digital currency is not just more convenient. Fees incurred using Dragon are closer to one percent, rather than the typical five percent. This allows gamers access to more stake money, and increases the profitability of any given junket.

Increased Security

Digital currency is not just more convenient. Fees incurred using Dragon are closer to one percent, rather than the typical five percent. This allows gamers access to more stake money, and increases the profitability of any given junket.
Digital currencies are just starting to emerge as a solution to real world problems. The application of systems like Dragon in casinos may be just the start.
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AUTHOR: Vionaa
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile

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