What is Dragonchain? (Here is my best summary overview)
Dragonchain is positioning themselves to sell the 'shovels' in the blockchain space to all the people hoping to become the next Amazon of the crypto/blockchain world.
During the gold rush, the people who made the most money were the ones who sold the shovels, not the ones looking for the gold...
Imagine for a moment, a company that uses a combination of blockchains:
1. ERC-20 Utility Tokens (Ethereum)
2. accepts FIAT+BTC, but handles mass transactions using Stellar.
3. uses Aaragon's governance tech.
4. While connecting to Aigon's cost effective supercloud computing
5. leverages storage with Storj
6. and awards intellectual ownership with PO.ET
THAT is what can start to spawn by using Dragonchain's toolkit!
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In my opinion, they don't need to have their own chain. When I hear people say things like: "But Dragonchain doesn't have a main net... they can't compete with ADA, EOS, NEO without a main net... "
*Shakes head*
Being a copy-cat isn't the way to be successful... if there are already 5-7 platform coins, we DON'T want Dragonchain to just be the 8th clone... thats no fun. and that's no way to buy a #LAMBO either.
The angle here is: build your own blockchain solution using any of the products available to you: quickly and easily.
Dragonchain has open source code that you can use to develop onto any other open blockchain using traditional coding languages (think python, java, c++, etc.)
If that doesn't mean much to you, then understand that the current cryptography languages needed to develop a blockchain are: very difficult & time consuming.
This makes the learning curve easier and allows you to go-to-market faster.
So here is WHAT Dragonchain is:
1. They help incubate projects to rapidly enable them to go-to market.
2. They are creating a marketplace / ecosystem for vendors and developers to prosper.
3. They are educating the community / teaching developers via: academy classes; meet-ups and hosting conferences.
Dragonchain is quietly becoming the industry leader in all things blockchain... and they are intentionally quiet.. No PR, No Marketing. It's a concept called Anti-Hype.
And think about it... their product hasn't been released yet.. so what exactly is there to promote anyways?
Just watch. Once their marketplace is established and they have solid partners / vendors... Dragonchain is going to throttle their marketing to 1,000% FULL-FORCE.
I predict you will see them in traditional media like TV ads, Radio, Print... as well as all over the internet ad space.
But for now... any money spent on marketing is as follows:
A. A complete waste of the money they raised. (Since they have no product to monetize that traffic)
B. Skating the lines of upsetting the SEC folks..
If dragonchain can nail this ecosystem of partnerships and collaborative vendors... then they will become the go-to place for all things blockchain.
The funny thing is, they aren't competing with anyone either.. in-fact they help EOS and NEO by helping others build off of their chains. Its truly a win-win for the entire space and will help usher in mainstream adoption. This will bring more and more money into crypto and ballon the total market cap much faster.
Win-Win for everyone. Its a true "Blue-Ocean" Strategy
I feel DRGN understands they can't approach other exchanges until they have a working product (AWS March ~ 19th) because they don't want to give the SEC any reason to scrutinize them.
A while back there were suggestions that the SEC looks down on ICOs that only focus on: marketing and exchange listing and neglect focusing on building their product.
My gut tells me once AWS is live, there will be a rationale that Dragonchain will be able to get listed on Bittrex to help support their commercial product - since it requires the functionality of exchanging FIAT, BTC, and Ethereum into DRGNs in order to pay for services.
If that is the case, then it stands to reason they would rather work with a big American exchange to handle this feature. (Who better
***This is not my post ... I took this from Dragonchain Discussion board on Telegram***
AI
