Watch Video
02:04

Dragonchain

Watch Video
02:04

Description

What does DragonChain do?

DragonChain, a project originally developed in the USA by Disney, is now managed by a non-profit entity named the DragonChain Foundation. The main purposes of DragonChain are to give businesses an easy way to integrate blockchain technology into their operations and to simplify the development of smart contracts

Some key offerings of the project are the DragonChain Platform (where smart contracts are deployed and where data is stored), the DragonChain Crowd-Scaled Incubator (which provides startups with support and exposure, especially for launching ICOs), and the DragonChain Marketplace (where businesses find experts to collaborate with and purchase pre-made smart contracts).

What is DRGN used for?

DRGN is an ERC20 token that functions as the native currency of DragonChain. DRGN is used primarily as a medium of exchange, but is also needed to pay for the deployment of smart contracts and to buy tokens during ICOs that occur on the Incubator.

DragonChain implements a unique incentive for holding DRGN called the Dragon Days of Slumber. Holding DRGN for long periods of time increases a user’s Dragon Score. A high Dragon Score gives users special privileges such as a lower cost for deploying smart contracts and priority access to DragonChin Incubator ICOs.

How can DRGN value appreciate?

DRGN tokens are valuable because they play several important roles on DragonChain. Whenever smart contracts are deployed, ICOs are launched, and professionals work together in the Marketplace, DRGN are needed to carry out transactions. As DragonChain grows and more businesses utilize the platform, demand for DRGN will rise along with its price.

It’s also possible that the Dragon Days of Slumber mechanism will incentivize users to hold DRGN. If large amounts of DRGN are held in order to increase users’ Dragon Scores, the coins will become scarce, increasing their price. This is especially likely to happen if the Incubator gains wide adoption for the launch of ICOs.

What is the difference between DragonChain and its competitors?

DragonChain is most often compared to Ethereum, EOS, and NEO, since it is used for startups and to launch ICOs. DragonChain is positioned in a different way than its competitors, however, and may be especially attractive to businesses. Unlike Ethereum, EOS, and NEO which target all sorts of user, DragonChain aims to make blockchain solutions friendly for businesses.

It’s also worth noting that smart contracts on DragonChain can be written in a number of well-established programming languages, while Ethereum only allows smart contracts to be written in Solidity.

  • Mainnet Launch: Limited release in March 2018
  • Open Source: Yes
  • Consensus Type: “Blockchain of blockchains” (5 level consensus mechanism)
  • Technology: Blockchain
  • Total Coin Supply: 433,494,437
Reward
+ ?
REWARD
REWARD
score: 0 /100
Risk
+ ?
RISK
RISK
score: 0 /100

Our opinion

lorem ipsum dolor sit amet consectetur adipiscing elit.

Overall Rating 0.00

Idea
+ ?

Innovativeness

Is the project solving a new problem?

Feasibility

Is the project’s solution realistic?

Clarity

Does the project’s message make sense?

0.00

Team
+ ?

Core Members

How experienced and skilled are the team members?

Commitment

Are any key members involved in other projects?

Advisory Board

Is the project advised by anyone notable?

0.00

Market & Competition

0.00

Awareness
+?

Attention

Is the project on the public’s radar?

Hype

Is the general opinion of the project positive or negative?

Community

Is the project supported by a large number of crypto enthusiasts?

0.00

Coin Utility
+ ?

Usefulness

Is the project’s native currency needed for key features?

Versatility

Does the native currency have a number of different uses?

0.00

Our opinion

lorem ipsum dolor sit amet consectetur adipiscing elit

Sign up for free

Description

What does DragonChain do?

DragonChain, a project originally developed in the USA by Disney, is now managed by a non-profit entity named the DragonChain Foundation. The main purposes of DragonChain are to give businesses an easy way to integrate blockchain technology into their operations and to simplify the development of smart contracts

Some key offerings of the project are the DragonChain Platform (where smart contracts are deployed and where data is stored), the DragonChain Crowd-Scaled Incubator (which provides startups with support and exposure, especially for launching ICOs), and the DragonChain Marketplace (where businesses find experts to collaborate with and purchase pre-made smart contracts).

What is DRGN used for?

DRGN is an ERC20 token that functions as the native currency of DragonChain. DRGN is used primarily as a medium of exchange, but is also needed to pay for the deployment of smart contracts and to buy tokens during ICOs that occur on the Incubator.

DragonChain implements a unique incentive for holding DRGN called the Dragon Days of Slumber. Holding DRGN for long periods of time increases a user’s Dragon Score. A high Dragon Score gives users special privileges such as a lower cost for deploying smart contracts and priority access to DragonChin Incubator ICOs.

How can DRGN value appreciate?

DRGN tokens are valuable because they play several important roles on DragonChain. Whenever smart contracts are deployed, ICOs are launched, and professionals work together in the Marketplace, DRGN are needed to carry out transactions. As DragonChain grows and more businesses utilize the platform, demand for DRGN will rise along with its price.

It’s also possible that the Dragon Days of Slumber mechanism will incentivize users to hold DRGN. If large amounts of DRGN are held in order to increase users’ Dragon Scores, the coins will become scarce, increasing their price. This is especially likely to happen if the Incubator gains wide adoption for the launch of ICOs.

What is the difference between DragonChain and its competitors?

DragonChain is most often compared to Ethereum, EOS, and NEO, since it is used for startups and to launch ICOs. DragonChain is positioned in a different way than its competitors, however, and may be especially attractive to businesses. Unlike Ethereum, EOS, and NEO which target all sorts of user, DragonChain aims to make blockchain solutions friendly for businesses.

It’s also worth noting that smart contracts on DragonChain can be written in a number of well-established programming languages, while Ethereum only allows smart contracts to be written in Solidity.

text