DragonChain Review – Scam or Legit ICO?

Welcome to my DragonChain review.

If you’re looking for more information on DragonChain or perhaps wondering whether the DragonChain scam rumours are true you’re in the right place.

I’m sharing my honest review and opinion giving you all the details.

Before I start…

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Dragonchain Review

DragonChain is a very interesting project! Dragonchain is handled by a very good team and is going quite well with it’s ICO. As per their website the Dragonchain attempts to ease the integration of business applications to a blockchain. It provides features like easy integration, fixed five second blocks, interlope functions, currency agnosticism and safeguarding business data; Dragonchain shines an interesting and new light on the blockchain technology.

dragonchain logo

Who Is Behind Dragonchain?

Joe Roets is the Founder, CEO and Chief Architect at Dragonchain.

Joe Roets is a very successful systems and software architect, and has served as a designer and architect on various long lasting and successful systems. As the chief architect Joe was responsible for various software R&D projects. Mr. Roets is said to be an expert in enterprise architecture, service oriented architecture, software team leadership and software design.

Other people involved are as follows:

DragonChain Team

Token information:

Symbol: DRGN

Name: Dragon

Model: Tokenized license

Origin: USA

Standard: Ethereum ERC20

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How To Buy Dragonchain?

The ICO will end in the next 28 days. By now they have raised around 177.11 BTC and 6029.51 ETH which is 2555812 USD. Obviously this figure might not be accurate by the time you come to reading this review. This is a good significant figure. Dragons can be purchased with BTC or ETH. After the sale is over the Dragons will be placed in to a wallet which supports ERC20 tokens.

Relationship between Dragonchain and Disney

Dragonchain was mainly developed at Disney’s office in the year 2015 and 2016. Over 20 applications and use cases were documented and explored publicly through W3C Blockchain group. The Dragonchain which is a nonprofit Corporation was made in January 2017 to maintain the responsibility and ownership of open source code.

dragonchain disney connection

Cost for one Dragon:

The cost of one Dragon will be calculated by the market on the period of sale. Participants will get Dragons equal in cost to the ETH and BTC contributed. Basically this will be a direct conversion from ETH or BTC to Dragons at the best possible price.

What value will Dragon have?

In this case the Dragons are modeled to show the cost of Dragonchain fundamentals and it is expected that the value will increase when the ecosystem matures.

Do you have contacts with Google and Amazon for implementing the services?

Our architecture is among the hybrid blockchain with various levels of trust. A base level at which business logic lives is being trusted and hence allows running an independent blockchain. The first integration will be done on Amazon followed by Google and various other platforms.

When will the Dragons be distributed?

Dragons will be given once the public sale is over with some time to complete one internal and external audit.

What will be the wallet settings for Dragons?

All these details will be given before the Dragons are distributed.

Does it have a wishlist or a KYC process?

There is no such wishlist and anyone can join it. Also there is no pre registration or KYC process to participate.

Is there any cap for token sale?

It has a supply of 433494473 Dragons and there is no such cap on contribution and the Dragons will be given proportionally according to the Bitcoin value that is contributed on each sending address.

With the BTC at hard fork, is it good to wait for investing, as BTC is higher now and could end up dropping lower over the next few weeks.

The USD or BTC price is not at all a factor. The calculation for tokens distributed is based on the BTC price and not on USD or fiat pricing.

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What makes Dragonchain better?

It does not need the use of currency.

It is a hybrid system which allows a business to have its particular chain.

It is able to support multiple currencies on single chain.

Developers may code some smart contracts in Python, C#, node or Java.

There will be a marketplace and incubator for the new projects.

Conclusion – Dragonchain Scam?

I don’t believe that Dragonchain is a scam.

This is an ICO with a solid team behind it that can go very far. Obviously there is risk involved as there is with any cryptocurrency investment however this looks like a safer bet than other ICO’s on-going right now like electroneum and bitpetite.

That being said if you are a newbie and looking for a simple way to make money then you need to be cautious with cryptocurrencies and make sure you learn about them before you invest otherwise you are essentially gambling. Personally I prefer to build an online business that is sustainable and predictable. See what I recommend below.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $150k in the last 6 months alone:

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(This is a 100% free training)

 

About the Author

Mark

Hi, I’m Mark. I figured out how to make a 6-figure income online and I’ve put this blog together to teach others how to do the same.

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