Bitcoin Bravado; DragonChain ICO Review 10/11/2017 Before making the decision to invest in anything, please do your own research. The information provided from Bitcoin Bravado and accompanying material is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. It should also be noted that DragonChain, Walt Disney Company, and other affiliated organizations do not explicitly endorse, support, or work with Bitcoin Bravado or any members of its team. All logos and names are copyright and property of their respective owners/companies.
If you’ve already explored DragonChain and are ready to invest: Click here As we began to consider investing in an ICO, we asked ourselves: “What should we require from a potential company before investing?” Sure enough, after deliberation, we deduced that an ICO should be evaluated exactly like any cryptocurrency or token we have researched and promoted. Thus, an ICO must have a comprehensive team that will ensure success, a disruptive idea that could change the world, and a moderate coin supply (keep in mind, all ICOs have low market caps). We also look for companies that are already supported by, or in some way endorsed by, people or teams we respect in the industry. Our reasoning for such criteria originates from the angel investment world many of us have experience in. Therefore, based on our rule of thumb, an ICO must include the following: ● A proven team ● Product with a use-case ● Backed by or validated by people or organizations that we trust We started to research numerous upcoming ICOs - literally hundreds - and, after analysis, ruled many of them out. To generate a more narrow selection we also decided that we wanted to invest in a platform - a technological foundation on which applications, games, and software, for instance, could be developed. Other examples of “platforms” include, $NEO, $ETH, $QTUM, and $UBQ. The ICO that we’re moving forward with after conducting our own research and due diligence is DragonChain.
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Dragonchain is a blockchain protocol that was originally built by a team at the Walt Disney Company, in their incubator program. It’s designed to be more private than other popular blockchains, such as the ethereum protocols - which is significant in that crypto loves privacy! The company is backed by top advisors from companies like Xbox, Starbucks, and even the FBI.
“From animatronics to digital animation, the Walt Disney Company has long been a pioneer in emerging technology - and blockchain technology is no exception! In 2014, Disney's tech-focused Seattle office started building what's now known as Dragonchain, a blockchain protocol designed to allow for more data privacy than is possible on other enterprise-oriented blockchains like Ethereum. The idea was to develop a secure asset management system to be used internally. However, Disney dropped the project in 2016 to make it open source. Soon after, a group of former Disney employees founded the Dragonchain Foundation, a non-profit which manages upkeep of the protocol. Now, they're looking to build a commercial business, Dragonchain Inc., on top of the platform to help other companies quickly, and easily, start using blockchain! But, in order to do so, they first need to raise money!”1
The Team We’ve evaluated the resumes and LinkedIn profiles of every member of the team and have found ourselves impressed. We’ve even had the chance to speak directly to several members of the team and they’ve been incredibly transparent and helpful. The development team has years of experience in the technology industry and has already invested several years into Dragonchain. The advisors, Ed Fried (CoFounder of Xbox) Maria Smith (VP Payments, Starbucks) and Tom Bush (Fmr Assistant Director of the FBI), are phenomenal and provide invaluable insight to Dragonchain’s development.
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http://www.businessinsider.com/disney-blockchain-creators-build-commercial-platform-on-dragonchain-wi th-ico-2017-9 Join the ICO: https://dragonchain.com/tokensale/bravado/ Telegram: T.me/BitcoinBravado
Use Case There are over 2 0 use cases outlined in their whitepaper. A few that we found the most intriguing include: ● ● ● ● ●
Identity systems, including privacy, security, and confidentiality factors Ticketing Decentralized processing, computing, and storage infrastructure Voting systems Payments platform
You can see all of their proposed use cases on their github: https://dragonchain.github.io/blockchain-use-cases The D ragonchain will make various transactions more transparent, add reliability, and b e easier to audit without centralized processing. Jamie Redman, from Bitcoin.com, shares his thoughts on the Dragonchain platform, noting, "the framework is similar to many blockchain prototypes with features such as timestamping, block ID, hashing prior blocks, Proof of Work AND Proof of Stake capabilities, and digital signatures." For its part, Dragonchain "gives various definitions for business verification, enterprise validation, network diversity, notarization, and public and proprietary checkpoints." We were especially intrigued by the fact that, unlike the public bitcoin and ethereum blockchains, Dragonchain is a unique “hybrid”. We say this because some of the information is public, and some of it is private - depending on the use case.
The Initial Coin Offering For sale, about 238 million Dragon coins, called "dragons” - 55% of the total supply. Dragonchain started their ICO to raise money on October 2nd, 2017 and the sale will run for one month, until November 2nd, 2017. Dragons are not currencies, but when available can be traded on cryptocurrency exchanges. As an investor, you may not plan to use your Dragons to interact with the various services that DragonChain offers. If you’re like the Bitcoin Bravado team, you may see this as an investment opportunity, hoping that Dragons gain value over time on the public market.
Join the ICO: https://dragonchain.com/tokensale/bravado/ Telegram: T.me/BitcoinBravado
DragonChain Will have 3 Products 1. A platform that’s goal is to make it easy for developers to build new projects on top of the DragonChain Platform 2. An open marketplace with pre-built smart contracts that developers and companies can purchase (with Dragons) to speed up their development process; theme, template, add-on, etc. 3. An incubator to support entrepreneurs that want to build their products and/or companies on the DragonChain platform. What’s very exciting, is that the 1st product already exists and several companies are already working on Dragonchain to develop new tools and businesses. This leads us to believe that because DragonChain is already several years in development, it may have real world use cases much sooner than many companies we’ve reviewed. The sooner a company can get their products in the hands of consumers, the more value we believe the market will see in holding Dragons. Of course, this is purely speculative, but some ICOs have gained an excess of 3,000% in value, without even having a released product, though those results are not typical. For the sake of time, we’ll direct you to the DragonChain website to continue your own research as it’s extremely detailed. They also have a formal roadmap coming soon.
On the DragonChain website there are dozens of FAQs. Here are the 5 that we think are the most applicable: What is the price for one Dragon? Also: How much ETH per Dragon?
The price of a Dragon will be set b y the market over the period of t he sale. Participants will receive Dragons e qual in value to the BTC or ETH contributed. Basically direct conversion from Bitcoin or Ethereum to Dragons at the fairest price possible. Market price for Dragons will b e determined at close of sale based upon total amount raised (against fixed supply available in public sale [55% of total supply] = 238,421,940 Dragons]).
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How does the market set the price? Please give an example. ● ● ●
Let’s say you put in 1 BTC. Total raise is 10 BTC. You get 10% of all dragons in public sale pool.
If contributing ETH, we convert to BTC at least daily based upon Bittrex closing price of ETH/BTC and use that value in the calculation. We do NOT consider USD price in the calculation.
Is the sale open to US Citizens?
YES. The Dragon token is a tokenized micro-license (PATENT PENDING) for interaction with the Dragonchain commercial platform and related services. The token captures legal guidance regarding US Securities Law. US based sale + US purchase allowed. Are contributions accepted from non-us citizens? YES, contributions are accepted f rom n on US citizens. YES, contributions are accepted f rom U S citizens. YES, contributions are accepted f rom a nyone. All humans are welcome!
Will anymore Dragons be created in the future?
We are planning or considering s everal sidechains to p rovide mining and other proof based security for Dragonchain a nd related projects, but no more Dragons will ever be created!
Considering how substantial this uncapped raise might be, do you happen to have an investment allocation plan for a large raise? The platform and incubator will scale with the raise.
A large raise will allow us to expand the features and number of projects that can be incubated early. We may also be able to more quickly support Google, MS, and other platform integrations.
Join the ICO: https://dragonchain.com/tokensale/bravado/ Telegram: T.me/BitcoinBravado
How do you invest in the DragonChain ICO? You can invest with either BTC or ETH. The Bitcoin Bravado team will be investing with ETH, just because that’s our preference and we feel it’s easier for a newcomer or first time ICO investor to use ETH given the ease of use for MyEtherWallet (see below). First, you need the link: Click Here to Access DragonChain ICO VERY IMPORTANT: DO NOT SEND YOUR ETH OR BTC FROM AN EXCHANGE (Coinbase, Bittrex, Kraken, etc) You must send your ETH or BTC from a wallet that supports ER20 Tokens, and one that you own the private keys. If you don’t know what that means, we strongly recommend you use ETH instead of BTC, and that you set up an account with M yEtherWallet to send your ETH from there. If you’re more experienced, we’re sure you don’t need any help sending from your wallet to the DragonChain address. If you need help setting up MyEtherWallet, C lick here for a step by step walkthrough Dragons will be deposited after the completion of the crowdsale and audit and will be sent directly to your ETH sending address. You can verify your transaction using etherscan.io or another block explorer. When you’re ready to send your ETH (or BTC) investment, use the information below. Note: This is available on the website here
Dragonchain Token Sale Address (Send ETH or BTC to this Address)
0xe67E07bA70b67D02CcF9e67448ef0Bf5c161b408 If you wish, you can confirm that the above address is valid by visiting: https://tools.bitcoin.com/verify-message/ and entering the below information. -----BEGIN BITCOIN SIGNED MESSAGE----This is an official referral URL and address from Dragonchain https://dragonchain.com/tokensale/bravado ETH 0xe67E07bA70b67D02CcF9e67448ef0Bf5c161b408 -----BEGIN ADDRESS----1DRA8KjFPZ62XdEGSmFEneRj8UqVVCAEnL -----BEGIN SIGNATURE----HwfBq3JTGKWJPGKiWikdEjT1w+RFn/xaWWo3U5C8I/Y9blhiiBJmoERofaxNjNNSSGIUG3ql+p10Hf+Cc9t7xZM= -----END BITCOIN SIGNED MESSAGE-----
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Helpful Links DragonChain ICO Website DragonChain Whitepaper DragonChain Telegram Group DragonChain Educational Videos DragonChain FAQ How to invest in an ICO If you have any q uestions that you can’t find the answers to at one of the links above, feel free to email us at
[email protected] with the subject line “DragonChain” Don’t forget to join our FREE community of over 3 ,000 crypto enthusiasts on Telegram: T.me/BitcoinBravado and follow us on Twitter at Twitter.com/BitcoinBravado
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