Quote from: Magic_Dragons on November 22, 2017, 05:46:17 PM

Quote from: moonshot77 on November 22, 2017, 02:59:27 PM

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We could consider a swap later, but that's not a concern right now.

Maybe I'm misunderstanding, but this seems crazy to me. When Dragonchain launches, what value will Dragons running on Ethereum have? I'm not sure what providing a peg to ETH means. If the value of the technology is on Dragon's own blockchain, and if using the ERC20 version requires extra effort, then demand is going to move toward Dragonchain. How can the developers maintain a peg if demand for the ERC20 token is falling? And why would I buy an ERC20 Dragon now if there's the possibility that at some point in the future Dragonchain launches and my ERC20 Dragon becomes obsolete and/or less valuable?

Again, maybe I'm misunderstanding, but if that's the case can someone set me straight?

Dragons are not a currency like Bitcoin, they are Tokens to access The Dragonchain Platform / Ecosystem. It doesn't matter that they are ERC20 Tokens and the price is not pegged to anything other than market demand. I saw the post were the Mod for this thread said something like that, like it was pegged to ETH or something. He didn't mean price, so I don't get what he meant by that.

It's pretty complicated at first, but there are some great videos on YouTube that explain everything.

Basically, anyone that wants to use the Dragonchain Platform will have to buy Dragon (DRGN) Tokens to do so. Let's say you want to use one of their Smart Contracts... you can't pay in Bitcoin, you can only pay with Dragons.

The more people who want to use Dragonchain, the higher the DRGN price should go. The real important thing is something Joe Roets said in one of the videos... NOBODY will be able to pay with ANYTHING other than DRAGONS.

Sure, you could walk into Dragonchain HQ with a shopping cart full of cash and they will accept it. But before they will do any work for you or let you invest in one of their projects, the cash will be converted to Dragons at a price that is ABOVE market price.

Dragons really are magical, you can do all kinds of cool things with them. After a day or two of reading and watching videos everyone should be able to understand what Dragons are. You will see that Dragons will actually be quite valuable to a lot of different people for a lot of different reasons.

I'm personally interested in what ideas Dragonchain has hidden in their Magic Vault. I really get the feeling once this whole thing gets rolling, Dragonchain will start announcing things and everyone will be freaking out. Like, Holy Cow... that's what these guys are up to! There are sooooooooooooo many smart people involved with Dragonchain, I'm sure what we are seeing now is just the tip of the iceberg.

Go Dragons Go!!!

Thanks very much for your thoughtful reply. Do I understand correctly, then, that the DRGN token will be the only method of payment in the future? In other words, when the Dragonchain platform launches, there won't be another coin or token on that platform that can be used to pay for services on it, at launch or any point in the future, correct?

moonshot77

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