Posted in Dragonchain, Research

What does this crypto do?

DRGNs are used to interact with the Dragonchain enterprise blockchain platform, ecosystem, and incubator

Why is this crypto unique?

The platform architecture is a hybrid blockchain with levels of trust, allowing sensitive data to be stored separately from the public ledger, which is crucial for adoption by major F500 businesses. Also, the server-less platform offers seamless scaling, and the traditional coding languages (Java, Python, Node, C#) allow ease of integration and speed to market

Rating

We rate DRGN a 4 / Buy because its uniquely positioned to capture the enterprise blockchain market by leveraging its relationships with Disney, Microsoft, Starbucks and other multi-billion dollar companies. Additionally, if you are a US citizen, then the DragonFund incubator will be one of the few platforms available to legally participate in ICOs, in which projects will be heavily vetted and mentored directly by the DRGN team

Investment Highlights

• Highly experienced management team and advisors with ties to F500 companies (Disney, Starbucks, Microsoft) and the US government (FBI)
• DRGN holders are incentivized to hold to accumulate “slumber score” which provides pre-sale access and discounts to ICOs
• The patent pending “tokenized micro license” could make DRGN the most regulatory compliant crypto in the United States

Investment Risks

• Dragonchain is a hybrid commercial platform that is not completely decentralized
• F500 companies might prefer to build their own in-house blockchain platforms as opposed to utilizing the Dragonchain platform (especially tech companies like Microsoft, Apple, Google, etc.)
• The Dragonchain platform won’t be released until March 2018
• The current incubator participants are not super impressive

Competition

• Hyperledger: provides tools and blockchain frameworks for businesses. Currently has huge partnerships (IBM, Deloitte, Samsung, etc.) but lacks expertise in the public side blockchain
• Ethereum (ETH): the original blockchain platform for internet 3.0 with DApps (decentralized applications), smart contracts, and ICOs. Currently, DRGN is leveraging ETH, BTC, NEO and other chains

Market Sentiment

• Maria Smith, one of DRGN’s advisors, is the VP of Payments at Starbucks. Recently, the President of DRGN re-tweeted an interview with Starbuck’s CEO where he said Starbucks may implement cryptocurrencies. It is currently speculation, but there might be a partnership opportunity in the future
• Many US citizens are excited to participate in ICOs from the
  DragonFund incubator program
• Disney provides a lot of credibility and legitimacy to the project

For more research, visit coinonomic.com

Disclaimer: At the time of writing, several team members at Coinonomic own positions in the cryptocurrency. We are not directly affiliated with the Company and we are not receiving compensation for this research report. We are not financial advisers and this does not constitute investment advice.