There is a new smart contract-enabling blockchain platform on the block – and it’s called Dragonchain (DRGN). This coin only launched about two months ago, but it is quickly rising the ranks. Its price has gained 233% in the past month, driving this currency to be the 44th most valuable coin on the worldwide market.
What is Dragonchain (DRGN)?
Honestly, these days it feels like blockchain-based platforms that support the launch of new cryptocurrencies are a dime a dozen these days. From top dogs like Ethereum (ETH) and Cardano (ADA) to rising star altcoins like EOS (EOS) and VeChain (VEN), there are a ton of really robust systems that startups can use to hold an ICO.
The Dragonchain coin is yet another one of these things. But this coin offers a few advantages that are getting cryptocurrency investors particularly excited – and it’s not the fact that this con originated inside Disney.
A Dragonchain ICO is easier than an ERC20 ICO
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.
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.
Two ICOs have already launched on this young platform
There have already been two organizations to use the Dragonchain ICO solution and launched their own tokens. The first one was called Metropolis, and it has been getting a lot of buzz:
Introducing Metropolis, a tokenized blockchain employment marketplace and the latest Dragonscale Incubator project. Check out their website and help us review and give feedback to their whitepaper at https://t.co/LyshSpmzMt and #dragonscale @metropolischain today. #presale pic.twitter.com/F5EpTY3ln2
— DRAGONCHAIN (@dragonchaingang) January 26, 2018
The second one was LookLateral:
Dragonchain Gang! We've doubled and tripled checked, and all networks are good to go for 12:00PM PST today for the DRGN private presale! Follow the instructions below at noon and thanks again for being the best community out there! The first of many exclusive presales to come! pic.twitter.com/o4Pd0NMNsr
— DRAGONCHAIN (@dragonchaingang) January 19, 2018
With so much flexibility, this incubator is bound to pop out a bunch of new and unique tokens that serve a variety of purposes.
Which Dragonchain ICO will launch next?
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.