What is Dragonchain?
Dragonchain (DRGN) is a business platform, incubator, marketplace and blockchain that operates by using the cryptocurrency Dragons. Dragonchain was originally created by a team under Disney but It was later cut off and handed over to the non-profit Dragonchain Foundation.
Dragonchain is an ERC-20 token, which means it runs on the Ethereum blockchain. Dragonchain plans to launch their own platform in 2018, but for now it uses Ethereum.
Dragons can be stored on myEtherWallet, as well as the Ledger Nano S. The Ledger Nano S will support all ERC-20 tokens, including Dragonchain.
How was Dragonchain Distributed?
Dragonchain was distributed via an initial coin offering that took place from October 2nd until November 2, in 2017.
The initial coin offering had no cap on contributions, which means contributors received the amount of tokens equal to their total percent contributed. The funding goal was not met, but they decided to continue working on the project anyway.
What Dragonchain does?
The platform attempts to simplify integration of real business applications onto a blockchain. Providing features such as easy integration, protection of business data, fixed 5 second blocks, currency agnosticism, and interop features, Dragonchain shines a new and interesting light on blockchain technology.
What I Think of Dragonchain:
I think Dragonchain has huge potential and I hold a lot of Dragonchain myself, I believe the price is hugely undervalued and it will continue to grow especially when it gets added to big exchanges. A lot of rumours are going around at the moment that Dragonchain is going to be added to Binance soon! If this does happen the price will sky rocket! But overall the team behind Dragonchain are great and I believe Dragonchain will be one to watch in 2018.
Website:
https://dragonchain.com/
Whitepaper: https://dragonchain.com/assets/Dragonchain_Business_Summary.pdf
