If we are being realistic, Dragonchain (DRGN) has a lot of competition. This is one of many blockchain-based platforms that are currently in development seeking to offer a solution where small businesses can launch their own tokens on top of their network. While Ethereum (ETH) is one of the most successful ventures in this area, its slow transaction speeds, fees and scalability issues have sparked a lot of projects that offer a similar service.
Now there are a huge variety of cryptocurrencies in the works that want to dethrone Ethereum – and take over as the top platform to launch decentralized applications (dApps). DRGN is one of them.
A Sea of “Ethereum Killers”
Top coins like EOS (EOS), TRON (TRX) and Cardano (ADA) are working on such a premise. Their platforms aren’t’ live yet, but a lot of these networks are going to launch in 2018. Meanwhile, there are coins like NEO (NEO) and Neblio (NEBL) that have already launched their platforms – and new coins are already getting launched.
What sets Dragonchain apart is its incubator Checking out Dragonchain’s roadmap, we can see that their incubator service (where they help through the process of launching new coins) is launching by September 2018. Unfortunately, that is about 6 months away – which leaves a lot of room for other platforms to launch in the meantime.
Dragonchain is a solid contender in this space
Regardless of its competition, this is still a very promising venture. Dragonchain (DRGN) wants to make launching new tokens easy for small businesses – and they have developed a system that has a few innovative features. For one thing, the incubator makes it much easier to launch DRGN tokens compared to ERC20 tokens (which get launched on the Ethereum network).
Limited Space! Join the #pilot program and on 3/8 learn how to code a #Dragonchain Container and the beginnings of your own App! We'll be gathering feedback on the material to build out the academy! Sign up: https://t.co/WXS5GAUBFa
(*No current giveaways or airdrops at this time) pic.twitter.com/Mc9M6fXkkH
— DRAGONCHAIN (@dragonchaingang) March 1, 2018
This coin also has a huge advantage when it comes to name recognition. The DRGN coin famously started out at Disney – and a lot of investors think that’s cool. That fact has also gotten it a lot of media attention on top financial websites.
This platform will feature multi-currency support. More importantly, what Dragonchain’s system does is allow its users to maintain full legal control over their own data.
But, perhaps what is most attractive about this platform, from a business owner’s perspective, is the incubator program.
The Dragonchain incubator is already nabbing new tokens
While the Dragonchain incubator won’t technically launch until September, there have already been a few announcements of projects that will use the service. Most recently, a coin called Iagon announced that it was launching on top of DRGN:
Just signed @IagonOfficial on to the Dragonscale Incubator! Check out how they plan to revolutionize the cloud at their website at https://t.co/89I2UXCpjl. Token Presale Date / Final numbers: TBD (*No current giveaways or airdrops at this time) #blockchain #accelerator pic.twitter.com/78n7Jbtep9
— DRAGONCHAIN (@dragonchaingang) February 26, 2018
It’s a cloud computing project trying to build a global supercomputer that’s driven by artificial intelligence and blockchain technology. You can check out their site here.
It will be interesting to see the next token sales that roll out on this platform this year.
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.