Dragonchain$ 1.32 -13.47%
Market CapMkt. Cap
Low - High [24h]
Current - Max Supply
I have been following Dragonchain since ICO finished and I haven't seen any posts here about it, so I thought I would give some insight on this project. I have seen few comments about it, but they were always getting downvoted(even by DRGN investors and people very active in their subreddit), probably because everyone was accumulating and didn't want others jumping into it yet. Since DRGN got listed for Binance community vote today, and has good chance to win it with coordinated community effort, I think it is time to give some more info about project and team behind it. In my opinion, DRGN is most promising(not well known) project atm with very high chance of getting into top 10-15 coins in next few weeks/months. But that is what everyone says here, so I will just try to cover some facts about project and not just lambo moon talk.
Dragonchain was originally developed at Disney’s Seattle office in 2015 and 2016 as the Disney Private Blockchain Platform. Over twenty use cases and applications were explored and documented publicly via the W3C Blockchain Community Group . The platform was later released as open2source software under the Apache 2 license in October of 2016. Dragonchain simplifies the integration of real business applications onto a blockchain and provides features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support. The Dragonchain Foundation, a Non-Profit Corporation, was created in January of 2017 to maintain ownership and responsibility of the open source code. The Dragonchain team is now in the process of launching a commercial entity to build a server-less architecture blockchain platform, and an incubator. The combination of server-less and blockchain technologies is unique and tremendously valuable. The timing of the Dragonchain platform launch is highly strategic to benefit from explosive growth of cloud computing over the last few years and the emerging wave of Blockchain solutions entering proof of concept stage across enterprises.
I have been following project since beginning and I have put a lot of hours into researching everything about it. Team, token structure, roadmap, potential it has, have been screaming BUY from the moment I found it.
For those who were watching the project like me since ICO, a wallet belonging to the GENESIS block, perhaps an ETH foundation team member purchased 3,600 ETH worth of Dragon tokens during the ICO, which at today’s rates is worth about $2.6 million. For someone from Ethereum to invest in a small project like this gives it huge credibility, as no doubt they would of looked over the Github code, whitepaper and realize the potential gem that lies within Dragonchain. You don’t have some of the world’s best blockchain programmers invest in something they don’t understand. There is a rumor that Vitalik himself invested in Dragonchain (but that was never confirmed and so far it is nothing more than rumor.)
Vitalik has been proposing different ways to conduct ICOs for months now, but not a lot of projects have followed his lead. Dragonchain did and they conducted their ICO differently. Instead of holding presale rounds where early investors received heavily discounted tokens, they decided to go with a different model for token purchase and distribution. This other way of conducting an ICO, by it’s structure, discourages the dumping of presale discounted tokens on the rest of the market (which usually tanks the price). During the final twenty-four hours of the ICO, they raised far less than what they wanted. Instead of returning tokens to the foundation, they were equally distributed to all token holders. They initially wanted to raise $100+ million, but ended up with less than $20 Million.
Team members and advisers will receive their token disbursements over a two-year period. That signals a long-term commitment to the project and prevents insiders from dumping their supply and tanking the price.
Incubator program and VIP access for token holders.
Dragonchain is not only a token, but a turnkey platform for businesses. Dragonchain allows them to easily and seamlessly integrate all of the benefits of blockchain technology without the huge investment in time and resources that it takes to create a platform of their own.
What are Dragon days of slumber?
A Dragon Day of Slumber takes into account both the Dragon balance and length of time each Dragon is held. Based on this “Dragon Slumber Score,” token holders gain priority access to Dragonchain Incubator ICOs and pre-sales. Dragon Slumber scores will used to drive factors such as discount level, participation timeframe and purchase limits. Since each of the Dragonchain Incubations are unique, with tokens representing different types of utility, these benefits will vary based on the specific ICO. Every Dragonchain Incubation ICO will include some type of exclusive participation for Dragon holders.
How is Dragon slumber score calculated?
It’s simple! The number of Dragons held, multiplied by the number of days held yields the Dragon Slumber Score. For instance, if you have 100 Dragons that you’ve held for 5 days, your Slumber Score is 500. Higher Slumber score = more discount for you in upcoming ICOs. It is extremely rewarding to be token holder and not sell your DRGNs.
Benefits of using Dragonchain:
- It’s a hybrid system that lets a business (enterprise or startup) have its own chain and achieve enterprise consensus in stages all the way to one or more public blockchains (eg BTC or ETH).
- Developers may code smart contracts in Java, Python, Node, or C#. Platforms projects always do extremely well in the long run, look at STRATIS, LISK, NEO, NEM, XLM, etc.
- The architecture allows a project to control exposure of sensitive business data and smart contract logic.
- It doesn’t require the use of a currency (full trust at first layer).
- It can support multiple currencies on one chain.
- A project can start without full knowledge of its economy and monetize activity or assets late in the process.
- The commercial platform utilizes serverless architecture to enable simple and powerful scaling.
- There will be an incubator and marketplace for new projects.
- Entire team based in Seattle USA. Fortune 500 companies are more willing to invest in blockchain projects where they know it can’t be shut down on a whim by foreign government, e.g. NEO (China), etc and ability to get localized support if required since the team is USA based.
Projects under Incubation:
Look Lateral - liquid Art. Blockchain based arts Provenance and Liquid marketplace. Provides market based Provenance in advance of a service to securitize rare assets for a liquid market.
Seed2you Company in the cannabis sector that has commissioned Dragonchain with building out a suite of smart contract applications to support the state laws in tandem with operator needs and finance from banking and private financiers. Initially for Washington state, and then for all 9 states that have legalized industry.
LifeID is developing a blockchain-based open identity platform that allows users to manage a digital identity and how it can be used to interact with both the digital and physical world, all without relying on the oversight or control of a large social network, company, or government. Identities on this blockchain are created and managed via a system of smart contracts on a permissionless blockchain that will be governed by identity holders. This means anyone can create one digital identity to use for his/her entire life and everything in it. Using this blockchain and a biometric-capable smartphone app such as lifeID for iOS, users can safely and securely identify themselves, taking the place of a login and password online or a card key in the physical world, all while giving the user complete control over his/her privacy. The team at lifeID is investigating the use of Dragonchain’s tokenized micro-license for the software that bridges the lifeID blockchain with the Web 2.0 applications that will use it.
IDPay Existing company providing solutions for Government Treasury, including Budget optimization, Payroll, and Social funds optimization. The Costa Rican Government Treasury, has been using the software for 8 years, and saved hundreds of millions of dollars. Project will build on existing product onto Dragonchain platform.
ClevX An intellectual development and licensing firm focused in the area of security offerings. Maintains a strong dominance in government accounts through value-added resellers for their FIPS Level 3 authentication designs.
Joe Roets, Architect, Founder, CEO of Dragonchain
- Principle Blockchain Architect at Bloq
- Principle Blockchain Architect at Disney
- Sr. Technical Advisor at Overstock
- CEO and Founder at several software startup
George Sarhanis, CBO, Co-founder of Dragonchain
- Principle at Digital Ventures
- Managing Director GameInstincts
Eileen Quenin, President of the Dragonchain Foundation
- Sr. Information Architect and Tech Evangelist at Disney
- Sr. UX and User Research Architect at GE
Brandon Kite , Lead Developer
- Sr. Software Engineer at Disney
Alex Benedetto , Developer
- Cloud Engineering and Blockchain Development at Disney
- Maria Smith - VP of Partnerships and Payments at Starbucks
- Ed Fries - Co-founder of XBOX
- Tom Bush - Fmr. Assistant Director of the FBI
- Collin Lahay - Founder of Gambit
- Jeff Garzik - Co-founder of Bloq
- Matthew Roszak - Co-founder of Bloq
- Chris Boscolo - Founder of lifeID
Road Map https://dragonchain.com/roadmap/
Sorry for the long post. I hope that I gave enough information about this amazing project. I seriously think and hope that this will be one of the top projects within next few months. It solves a lot of problems, especially for big players and companies, and that is where the money is. It is extremely rewarding to be token holder which is why nobody is selling anytime soon. This isn't financial advice, but if you are looking for strong stable investment, DRGN is something you should check out probably. It is ERC20 token at the moment but it will have its own blockchain very soon.
Community is amazing and very active, there are thousands of people discussing project every day(especially on Telegram). Feel free to join us even if you aren't investing and you won't regret it.