Topic: [ANN][ICO] : DIGITAL CURRENCY FOR CASINOS & PLAYER - page 22. (Read 26113 times)
Dragon Coin Equals,"easy life for elite gamers. This project will make work easier for everyone involved in the gaming process from start to finish. The casinos will have tremendous boom, if this problem and solution stated is achieved. Let's wait and see giw this goes
I am so surprised to see that the dragon coin project is doing so great in such less period of given time more and more people and potential customers are joining this project as it is well managed by the dedicated management team.
To be expected . Good,promising projects always sell and advertise them selves and always find the attention ,investors,supporters it needs . By time for sure we will see more hype about the coin since the gamblers are the biggest ballers when it comes to money.I have a hard time loading the image too. Better if they would add some text explanation so that those user who have a problem in internet connection can easily read the description. The new to this project, I think is that it can be bought directly using fiat currency. But hoping it would also add an exchange from token to fiat.
If i have not misunderstood, as they said at the picture that we can buy Dragon Coin Token a both way altcoins: BTC, ETH, LTC, XRP and credit card?1- Purchase DRG from an Exchange
A Player purchases our DRG ERC20 Token from a Cryptocurrency Exchange.
2- Exchange DRG for DGC
The DRG ERC20 Tokens are then exchanged for DGC (Dragon Global Chips) at our partner Casinos & Junkets, to be used in the Casino.
3-Winnings
Winnings that are paid out to the Player can be converted back to DRG, another cryptocurrency or the Player has the option of receiving a pay-out in FIAT.
Isnt that way way way too much effort for gambling though? I'd rather just gamble with cash and cashout in cash. Then use the cash I won to buy whatever I want instead of going through that convoluted mess
That's' why this project is likely to fail.
Can you imagine a VIP in casino making some shady deals with crypto: exchanging, transferring and etc.?
Once offered he would likely never come back.
Actually your concern could be unfounded. While it is possible for a VIP gambler to be making some shady deals... This apply for any crypto currency especially for the anonymous currency like Monero.
In dragon's case, they will have AML/KYC in place for the members who want to be on the Dragon platform.. so shady deals would not be anonymous and would be deterred
I guess you've understood my "unfounded"(?) concerns wrong.
When you have a cash to gamble it's stupid to transfer it to crypto. It's a useless option for gamblers much less for VIP ones.
But, maybe, it could work for people who came into casino already having some DCs, but who will transfer it initially, that's a question for me.
Think you understood "VIP gamblers" wrongly... when VIP gamblers go to junket to gamble, they "do not" have cash nor do they bring cash.
These VIP gamblers just rely on a line of credit from Junket operators which provide gambling chips to them from the casino. These junket operators have to rely on their own capital or credit from finance agents who charge the junket operators a percentage of the credit.. typically 5%.
Hence the main buyers and users of the DRG will be junket operators. Especially when they have collected the "losses" from the VIP gamblers from their home countries after the gambling trips, these money can be converted to crypto and then transfer back to the junket operators who could be in Macau or anywhere in the world. It could also just be maintained as DRG so that it can be "rolled" into capital for the next gambling trips for the next group of VIP gamblers.
junket operations is not as simple as bringing cash to the casino and gamble.. the complexities are the financing systems, the debt collections and the remittance of large sums (winnings and losses) across borders.
Hope you do understand now.
I've undestood it from the very begining, but seems you didn't.
Here's an extract from the WP:
"Whenever necessary, the gamer could e ortlessly convert
his Dragon Coins (DRG) to fixed-value digital Dragon Global
Chips (DGC) for use in the junket. After gaming, DGC could
be converted back into DRG and further converted to at
money or any other digital currency when needed, all on
demand and via the touch screen on a smartphone. If
gamers choose to keep stake monies and winnings in digital
form ready for the next visit to the gaming tables, they could
do so, securely and at minimal cost."
One more
"Through connectivity with our digital value platform,
namely the Dragon Platform, elite gamers wishing to visit a
junket could easily convert at money into digital tokens,
that would be securely registered on a blockchain underpinning
the platform. A numerical representation of the tokens
held at any one time would be shown in the gamer’s smart
phone wallet."
My point eventually was not about either bringing cash or using credit line or whatsoever, my point is: no one needs this mumbo jumbo with transfering cash into some tokens or vice versa. VIP gamblers will very likely avoid such offers.
That is only for the gamers who are interested to hold DRG to take advantage of the rising prices. Do you really think today VIP gamers bring millions into the junket?
Elite gamers do not bother to bring cash like normal gamblers.. if they have to do so, it will be too much of a bother for them. Junket operators currently provide the credit line for elite gamers for gambling in the junket.
But in the future, when DRG is available.. it is possible for elite gamblers to also possess DRG (either bought or from previous winnings)..
Anyway, since you are reading the WP.. do see the same page (a few paras before the one you read), you will read "A junket often needs to arrange stake money of several million dollars to be on hand when each elite gamer arrives in Macau. The current cost to a junket in making the necessary financial arrangements is a minimum of 5%. As for the players, they are typically forced to suffer fees of between 5%-7% for costs related to repatriation of their winnings."
So you can understand what I mean..
DRG is to solve the cost of providing credit and also money transfer (winnings and losses etc) for junkets and VIP gamblers.
You may not believe in the potential of such a system and a token to facilitate the junket industry, but to many, this is revolutionary and
4 junket operators have already committed $265 millions to it... that speaks louder than words.
Seriously I am not here to argue with anyone.. I just want to help clarify the questions that anyone has.
tl;dr from the entire thing: DRG coin will help gamblers launder money without it being taxed and they can slowly cash it out later without issues.
That's what that screams
Dragon coin will probably rule gambling system all over the world. This coin are in favor for so many gamblers out there. Imagine, this project makes their lives easier. As they can purchased it by using fiat currency. This must be the start for everyone to get interested in crypto industry. Once elite gamblers know this, they probably invest and this will be the way to have a huge community and good opportunity for the future.
Dragon will rule Macau this February, join our telegram group for Q&A . Dragon Official (Eng)
Dragon Community in Hindi
https://t.me/DragonOfficialHindi
https://t.me/DragonOfficialENG
DI, it's like a project dealing with intelligence 
Of DRAGON 
We like to hold it with a pride to win with this digital currency as we make certain calculation dragon coin deserves better as reaching $33. Holding this coin is a good deal for generating better profits. You are just beating the metrics in rapid speed with a quick launch, thanks!
Of DRAGON We like to hold it with a pride to win with this digital currency as we make certain calculation dragon coin deserves better as reaching $33. Holding this coin is a good deal for generating better profits. You are just beating the metrics in rapid speed with a quick launch, thanks! That thought, and on which exchanges or exchangers, you can for example will exchange these coins? I did not see that it was mentioned somewhere. It would be interesting to find out. Or you have not planned to enter the stock exchanges yet?
You just need to focus, it was mentioned in OP. after completion of token sale, DRG will get listed on several exchanges. So you will able to buy it with fiat or other cryptocurrency. also they are going to build in-house Dragon exchange where you can buy it directly from them.
Nice, I have read about the dragon debit card and it focus my attention to it. I really hope that you will provide this card to all users of digital currency for casinos and players. By the way, is there any plan to give free airdrops?
Dragon Debit Card (DDC) make me have attraction about . How we can order this and can using DDC for cash out as VISA/MASTER card? Or DDC is only for Dragon Tokens?That thought, and on which exchanges or exchangers, you can for example will exchange these coins? I did not see that it was mentioned somewhere. It would be interesting to find out. Or you have not planned to enter the stock exchanges yet?
Because it's only ico now 
We will get noticed when ico ends and developer say what purposes in his vision about incoming exchanges) DRG has gotten a lot of mainstream media attention..just look at their website for the CNBC, Reuters, huffpost articles and interviews.
When it gets listed, i think DRG will go to the mooooooon.
That thought, and on which exchanges or exchangers, you can for example will exchange these coins? I did not see that it was mentioned somewhere. It would be interesting to find out. Or you have not planned to enter the stock exchanges yet?
On the telegram group https://t.me/DragonOfficialENG the CEO mentioned before that 4 out of the top 10 crypto exchanges will be listing the DRG after the ICO.
This will be exciting for DRG!
I am so surprised to see that the dragon coin project is doing so great in such less period of given time more and more people and potential customers are joining this project as it is well managed by the dedicated management team.
To be expected . Good,promising projects always sell and advertise them selves and always find the attention ,investors,supporters it needs . By time for sure we will see more hype about the coin since the gamblers are the biggest ballers when it comes to money.
Amazing! Another new digital currency for casinos and players. A project that is made very productive by a team of very experienced team members. I can say that the team working on this project is giving their best and effort to make and hear its name in the social networks, and especially in the crypto currency community. I am very well impressed to this project because it provides much information to the people that is necessary to understand well about this new digital currency. I believe that more people will come to know about this project especially to those who loves casino.
That thought, and on which exchanges or exchangers, you can for example will exchange these coins? I did not see that it was mentioned somewhere. It would be interesting to find out. Or you have not planned to enter the stock exchanges yet?
Because it's only ico now We will get noticed when ico ends and developer say what purposes in his vision about incoming exchanges) I have a hard time loading the image too. Better if they would add some text explanation so that those user who have a problem in internet connection can easily read the description. The new to this project, I think is that it can be bought directly using fiat currency. But hoping it would also add an exchange from token to fiat.
If i have not misunderstood, as they said at the picture that we can buy Dragon Coin Token a both way altcoins: BTC, ETH, LTC, XRP and credit card?1- Purchase DRG from an Exchange
A Player purchases our DRG ERC20 Token from a Cryptocurrency Exchange.
2- Exchange DRG for DGC
The DRG ERC20 Tokens are then exchanged for DGC (Dragon Global Chips) at our partner Casinos & Junkets, to be used in the Casino.
3-Winnings
Winnings that are paid out to the Player can be converted back to DRG, another cryptocurrency or the Player has the option of receiving a pay-out in FIAT.
Isnt that way way way too much effort for gambling though? I'd rather just gamble with cash and cashout in cash. Then use the cash I won to buy whatever I want instead of going through that convoluted mess
That's' why this project is likely to fail.
Can you imagine a VIP in casino making some shady deals with crypto: exchanging, transferring and etc.?
Once offered he would likely never come back.
Actually your concern could be unfounded. While it is possible for a VIP gambler to be making some shady deals... This apply for any crypto currency especially for the anonymous currency like Monero.
In dragon's case, they will have AML/KYC in place for the members who want to be on the Dragon platform.. so shady deals would not be anonymous and would be deterred
I guess you've understood my "unfounded"(?) concerns wrong.
When you have a cash to gamble it's stupid to transfer it to crypto. It's a useless option for gamblers much less for VIP ones.
But, maybe, it could work for people who came into casino already having some DCs, but who will transfer it initially, that's a question for me.
Think you understood "VIP gamblers" wrongly... when VIP gamblers go to junket to gamble, they "do not" have cash nor do they bring cash.
These VIP gamblers just rely on a line of credit from Junket operators which provide gambling chips to them from the casino. These junket operators have to rely on their own capital or credit from finance agents who charge the junket operators a percentage of the credit.. typically 5%.
Hence the main buyers and users of the DRG will be junket operators. Especially when they have collected the "losses" from the VIP gamblers from their home countries after the gambling trips, these money can be converted to crypto and then transfer back to the junket operators who could be in Macau or anywhere in the world. It could also just be maintained as DRG so that it can be "rolled" into capital for the next gambling trips for the next group of VIP gamblers.
junket operations is not as simple as bringing cash to the casino and gamble.. the complexities are the financing systems, the debt collections and the remittance of large sums (winnings and losses) across borders.
Hope you do understand now.
I've undestood it from the very begining, but seems you didn't.
Here's an extract from the WP:
"Whenever necessary, the gamer could e ortlessly convert
his Dragon Coins (DRG) to fixed-value digital Dragon Global
Chips (DGC) for use in the junket. After gaming, DGC could
be converted back into DRG and further converted to at
money or any other digital currency when needed, all on
demand and via the touch screen on a smartphone. If
gamers choose to keep stake monies and winnings in digital
form ready for the next visit to the gaming tables, they could
do so, securely and at minimal cost."
One more
"Through connectivity with our digital value platform,
namely the Dragon Platform, elite gamers wishing to visit a
junket could easily convert at money into digital tokens,
that would be securely registered on a blockchain underpinning
the platform. A numerical representation of the tokens
held at any one time would be shown in the gamer’s smart
phone wallet."
My point eventually was not about either bringing cash or using credit line or whatsoever, my point is: no one needs this mumbo jumbo with transfering cash into some tokens or vice versa. VIP gamblers will very likely avoid such offers.
That is only for the gamers who are interested to hold DRG to take advantage of the rising prices. Do you really think today VIP gamers bring millions into the junket?
Elite gamers do not bother to bring cash like normal gamblers.. if they have to do so, it will be too much of a bother for them. Junket operators currently provide the credit line for elite gamers for gambling in the junket.
But in the future, when DRG is available.. it is possible for elite gamblers to also possess DRG (either bought or from previous winnings)..
Anyway, since you are reading the WP.. do see the same page (a few paras before the one you read), you will read "A junket often needs to arrange stake money of several million dollars to be on hand when each elite gamer arrives in Macau. The current cost to a junket in making the necessary financial arrangements is a minimum of 5%. As for the players, they are typically forced to suffer fees of between 5%-7% for costs related to repatriation of their winnings."
So you can understand what I mean..
DRG is to solve the cost of providing credit and also money transfer (winnings and losses etc) for junkets and VIP gamblers.
You may not believe in the potential of such a system and a token to facilitate the junket industry, but to many, this is revolutionary and
4 junket operators have already committed $265 millions to it... that speaks louder than words.
Seriously I am not here to argue with anyone.. I just want to help clarify the questions that anyone has.
I'm waiting for the day it will be used on the main websites I use to enjoy myself with some hardcore gambling, that's so fun to see.
That's good news for but don't be addicted to gambling, It can make your earnings in your pocket disappear just play safe and don't invest.
It depend if you have a great luck in gambling that you will gain more profit. But if not, it is better to hold your coin and wait until its value goes up as the more people and gamblers who invest in this coin or use this coin the bigger the value it will get.
Becuase in my past experience in some big gambling site. I was so greedy to win, I didn't even know that I keep loosing because of I invest and invest again after I lose. So I learn that. It is bad to be greedy in gambling. But if this coin will succeed I will try to invest little from my pocket.
I have a hard time loading the image too. Better if they would add some text explanation so that those user who have a problem in internet connection can easily read the description. The new to this project, I think is that it can be bought directly using fiat currency. But hoping it would also add an exchange from token to fiat.
If i have not misunderstood, as they said at the picture that we can buy Dragon Coin Token a both way altcoins: BTC, ETH, LTC, XRP and credit card?1- Purchase DRG from an Exchange
A Player purchases our DRG ERC20 Token from a Cryptocurrency Exchange.
2- Exchange DRG for DGC
The DRG ERC20 Tokens are then exchanged for DGC (Dragon Global Chips) at our partner Casinos & Junkets, to be used in the Casino.
3-Winnings
Winnings that are paid out to the Player can be converted back to DRG, another cryptocurrency or the Player has the option of receiving a pay-out in FIAT.
Isnt that way way way too much effort for gambling though? I'd rather just gamble with cash and cashout in cash. Then use the cash I won to buy whatever I want instead of going through that convoluted mess
That's' why this project is likely to fail.
Can you imagine a VIP in casino making some shady deals with crypto: exchanging, transferring and etc.?
Once offered he would likely never come back.
Actually your concern could be unfounded. While it is possible for a VIP gambler to be making some shady deals... This apply for any crypto currency especially for the anonymous currency like Monero.
In dragon's case, they will have AML/KYC in place for the members who want to be on the Dragon platform.. so shady deals would not be anonymous and would be deterred
I guess you've understood my "unfounded"(?) concerns wrong.
When you have a cash to gamble it's stupid to transfer it to crypto. It's a useless option for gamblers much less for VIP ones.
But, maybe, it could work for people who came into casino already having some DCs, but who will transfer it initially, that's a question for me.
Think you understood "VIP gamblers" wrongly... when VIP gamblers go to junket to gamble, they "do not" have cash nor do they bring cash.
These VIP gamblers just rely on a line of credit from Junket operators which provide gambling chips to them from the casino. These junket operators have to rely on their own capital or credit from finance agents who charge the junket operators a percentage of the credit.. typically 5%.
Hence the main buyers and users of the DRG will be junket operators. Especially when they have collected the "losses" from the VIP gamblers from their home countries after the gambling trips, these money can be converted to crypto and then transfer back to the junket operators who could be in Macau or anywhere in the world. It could also just be maintained as DRG so that it can be "rolled" into capital for the next gambling trips for the next group of VIP gamblers.
junket operations is not as simple as bringing cash to the casino and gamble.. the complexities are the financing systems, the debt collections and the remittance of large sums (winnings and losses) across borders.
Hope you do understand now.
Yeah that happens here if someone has no plan about the subject and just want to comment on the threads. Honestly if I have not too much experience and knowledge about a subject like gambling I just comment on parts like its team, bounty project etc. but not directly a subject like VIP Gamblers .... I just shut my mouth and read and try to learn from the experienced and expert one
That thought, and on which exchanges or exchangers, you can for example will exchange these coins? I did not see that it was mentioned somewhere. It would be interesting to find out. Or you have not planned to enter the stock exchanges yet?
What do we have here, a coin for VIP players in a casino? As far as I know, the junkets players can spend hundred millions of dollars especially if there is an occasion or event. Won't it make this coin more volatile?
That would be the point! More demand for dragon coins means a higher value for the coin and greater profit for us!
However i understand your concern.. how can a volatile coin be used by VIP gamblers to gamble in the casino?
The solutiom is the Dragon Global Chip DGC... it will be a family of DGC, the first will be DGC-HK which will be pegged to HK$1. This will be used for the casino gambling as it has a fixed value.
DRG is meant for the transfer of money and establishing the plafform and community
With the use of DGC the fees for VIP's financial arrangements will be cheaper as they say, but what are the payments for? It is like when you are transferring your cryptocurrencies to other wallets or exchange?
DRG will reduce the fees associated with sending money for the VIP for staking his chips as well as when the VIP has won money and would like to transfer back to his country. And also when the VIP has lost and needs to pay the junket operators, these losses or profits for the junkets will be transferred from another country (where the VIP stays) to the junket operator.
DGC is meant as a chip for gambling.
this looks promising special given that this is in this particular platform.
I think this is a great opportunity for everyone,including the traders and the team involved in this project.
And it's chance to gain more clients. This will be great for everyone.
I think this is a great opportunity for everyone,including the traders and the team involved in this project.
And it's chance to gain more clients. This will be great for everyone.
Definitely, an amazing project as I read on their white paper. Very promising project that having a possible that everyone will convinced those users and investors. This project is intended those gambler that for sure will support them gaining enough profit in the future.
pastime
Great, while they are playing they have some benefits by having this project. As an incentive to holding DRG, 10% of the net monthly income from all Dragon Junkets and a liated junkets will be air-dropped into the wallet of one very fortunate DRG holder through algorithmic random selection. Not only will Dragon be rewarding DRG holders, but it will also essentially be creating a new high roller every month. Hoping for the success on this project that for sure will be supported by many as I see it has a bright future.
Nice, I have read about the dragon debit card and it focus my attention to it. I really hope that you will provide this card to all users of digital currency for casinos and players. By the way, is there any plan to give free airdrops?
Dragon Debit Card (DDC) make me have attraction about . How we can order this and can using DDC for cash out as VISA/MASTER card? Or DDC is only for Dragon Tokens?Yeah, for me it is also the feature i like the most. I was hoping that it would function like VISA or MASTERCARD that can be use in buying games like in appstore or playstore. Hoping it would be easy to get a DDC.
If it will be implemented, cool! Hopefully their project will be successful as I believed this kind of transaction will be followed after the success as been made. As the their advocacy is to be a business model and the Token Sale within that, contain a range of mechanisms that in a variety of ways, directly or indirectly, reward members for their loyalty and participation.
I am so surprised to see that the dragon coin project is doing so great in such less period of given time more and more people and potential customers are joining this project as it is well managed by the dedicated management team.
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