Dragonchain Analysis 03/04/2016
I have been watching this project for a while at looks promising.
This is a smart contract enabling blockchain platform. Alot of the new exciting ICO's being launched are using this platform to launch from.
The point of this blockchain platform is to act as an incubator for start-ups that enter the cryptocurrency space. Dragonchain wants to make is easy for any non-tech-savvy user to easily be able to launch a crypto coin.
Whether clients want to monetize one of their services by tokenizing it, or if they think that a blockchain-based solution will better serve their customers, this platform is a “turn-key” solution they can use to do so.
There have been two token launches that have already occured from this platforms early life.
Metropolis: A blockchain employment marketplace.
Looklateral: an art delivery company using blockchain tech.
These tokens were launched through Dragonchains Incubator.
With so much going for this platform and showing its use through already releasing tokens, there are going to be many more tokens released on this platform.
What makes it easier and more flexible than its peers is the fact that smart contracts can be constructed on this system in common programming languages: Java, Python, Node and C#. It also enables access to Amazon Web Services.
The price is currently trading at $1.57 and a market cap of $370m it is ranked 51 on coinmarket cap.
The coin was trading as high as $5.20 in the beginning of january, thus I see a good buying opportunity for this one.
The best and safest place to buy this token is on Kucoin, a very robust and user friendly exchange.
www.kucoin.com.
Let me know your thoughts on this coin and if you would invest in it.