Why top Crypto Exchanges will trade Dragon Coins Soon

We all know how top crypto exchanges do not list crypto coins that have just ended their ICO. There are of course exceptions, and that is when there is huge demand for these coins or if the ICO team pay for the listing for their coins on the top crypto exchanges.

These fees can be huge and from pure hearsay, it can be as much as 30 BTC for a listing. But if your coin has huge success at the ICO as well as a large expected demand, some of the top crypto exchanges will naturally list your coin. 

The reason being that bigger demand brings along bigger trading volume and hence more profits for the exchanges. So if a particular ICO coin can drive significant volume, exchanges will be banging on your door to list your coin.

But such coins are rare as most ICO only have a whitepaper and an idea. Even though these coins are able to raise millions on the back of a whitepaper, the only people who will be trading their coins are just speculators who will be dumping their coins on the exchanges once listed. 

This is why top crypto exchanges do not want to list such coins that will have a decreasing trading activity.

Why will Top Crypto Exchanges List Dragon Coins?

First of all, we must understand what is Dragon Inc and what are they doing with the Dragon coins. Dragon Inc is disrupting the junket industry by facilitating the credit transfer of VIP gamers to gambling chips in the junkets of Macau. This is a huge industry with a $1.5billion market monthly. 

Dragon Inc will help junket operators save the 5% credit fees when they facilitate the VIP gamers’ non-negotiable chips. Dragon will charge 1% transaction fees, which is a fraction of the traditional cost. With millions turnover daily, this 4% savings is enough reason for many of the junket operators to jump ship to Dragon coins.

At this present moment, Dragon Inc has already signed up 4 junket operators who have committed $265 USD into the Dragon Coins. This alone would make Dragon ICO one of the largest ICO this year and they have yet to start their main sale of DRG. A lot of investors will be jumping into this ICO for sure. 

Dragon coins will facilitate daily VIP gaming operations and at this present moment, $350 USD million is changing hands in Macau daily for VIP gaming. That is a huge demand for DRG and even with just 4 initial junket operators, we will see a lot of trading activity for DRG as these junket operators will be buying and selling DRG for themselves as well as for their VIP clients.

But why would these 4 junket operators be trading DRG if they already have $265 USD worth of Dragon coins? 

The reason is that their clients will need to convert their winnings back to fiat or other cryptocurrencies so as to facilitate the transfer of their winnings back to their own country. 

The ongoing operation of these junket operators to fulfil the needs of their VIP clients will drive a lot of trading volume. Not to mention, some of these VIP clients may want to buy DRG on their own to bet on the rising value of DRG. Gambling is the hobby of these VIP gamers and what better gambling is there than the betting on DRG itself?

DRG is estimated to be listed on 25 December and I am waiting eagerly for their listing and whom among the top 10 crypto exchanges are going to be the first to list DRG.