Dragonchain Profile (DRGN)
Project Safety Score
Mon, Oct 25, 2021 1:19 AM
Dragonchain is one of the newly launched cryptocurrencies that is attracting crypto enthusiasts following its relaunch. The coin seems to be leading on the technology front irrespective of its market capitalisation trends, which is why it's also being anticipated to be Ethereum’s competitor. Dragonchain is a hybrid blockchain platform, where sensitive business logic and smart contract functionality is held by the owner. Its cryptocurrency is denoted by the symbol DGRN & has a total supply of 433,494,437 coins. Dragonchain uses serverless smart contracts from its pre-built library. This feature is unique to this cryptocurrency, as it can create smart contracts, with or without cryptocurrencies. Dragonchain was developed by Joe Roets who is its CEO and Chief Architect with a team of 4 core developers. The team is backed by a strong advisory board with Jeff Garzik on board who is established icon in the Bitcoin network. It was developed after exploration of 20 use cases and applications. It was released under the Apache 2 license in October 2016 to integrate real business applications onto a blockchain, protect business data and operations, currency agnosticism and multi-currency support. The launch of Dragonchain Foundation, a non profit corporation, in January’17 maintains the ownership and responsibility of Dragonchain’s open source code. Enterprises can easily design smart contracts in a variety of languages like Python, Node, C# & Java. The contracts can be specific to their business needs to include both private internal and public blockchain interactions. The Currency Smart Contracts help organizations to retrieve and transfer specified currency amounts between wallet addresses and check balances which can be run on schemas like ERC20, ERC223, etc. Dragonchain helps enterprises to leverage their models using blockchain by allowing development and integration before the economic model is known. Monetization can be applied after sufficient real data is available & system is functioning. DragonChain’s platform is establishing a niche in the crypto world with its layered security feature. The 5-layer security model adds great credibility to their overall goal of facilitating business integration into the blockchain. Additionally, DragonChain is seen as a strong rival to Ethereum because of the platform’s ability to scale; an issue that Ethereum has been notorious for. As of January 2018, the DragonChain team is raising funds and finishing development of the platform. Although the exact date is currently unannounced, the DRGN platform is expected to fully launch sometime this year.
Read more in the whitepaper:
Dragonchain Smart contracts and audits.
Below are the available smart contract addresses and any associated contract audits.
Dragonchain is a part of the following ecosystems.
Dragonchain Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Dragonchain Safety Report
Dragonchain has a safety score of 4.44
Dragonchain is a micro cap token.
Dragonchain is suited to a adventurous investment style.
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- tradingview profile
Dragonchain Red Flags
There are currently no Dragonchain red flags.
Dragonchain Development Score
The Dragonchain project has 13 active source code repositories.
The most recent commit was Fri, Apr 16, 2021 3:24 PM
- 196 Watchers
- 722 Stars
- 80 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
- very good stars
- daily repo updates
- poor watchers
- very poor mentionable users
- no repo stars
Dragonchain Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!The overall sentiment is very low indicating that this project is either not well-regarded in the community or simply no one is talking about Dragonchain. In general as the popularity of a project grows and as main stream awareness grows this score will go up - though only if the news is good news!
- The overall sentiment is very low
Dragonchain Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Dragonchain?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Dragonchain has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
- extremely high hashtag tweets
- extremely high gitHub account watchers
- below average reddit articles
- no search result count
Dragonchain Awareness Score
The awareness score indicates how well Dragonchain is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Dragonchain is but a good measure of longevity is how well the project is known by the general public.
Overall Dragonchain this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- no search result total
- very poor news articles mentioning Dragonchain
- no news articles directly about Dragonchain
Dragonchain Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Good project age (released Dec 3, 2017)
Dragonchain Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- poor USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Dragonchain Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
1 missing data point
This profile is still waiting for the following data points
- tradingview profile
Market Cap Rank:
Bulls v Bears:
My Travel Bloc and Dragonchain Sign Letter of IntentThu, Sep 2, 2021 3:14 PM
/PRNewswire/ -- My Travel Bloc Inc. and Bellevue based Dragonchain have entered into a Letter of...read more...
Dragonchain Hits One Day Volume of $795,206.00 (DRGN)Sat, May 8, 2021 3:48 AM
Dragonchain (CURRENCY:DRGN) traded 7.5% higher against the dollar during the 24-hour period ending...read more...
Dragonchain (DRGN) 24-Hour Volume Reaches $1.24 MillionThu, May 6, 2021 8:38 AM
Dragonchain (CURRENCY:DRGN) traded up 1.9% against the U.S. dollar during the 1 day period ending...read more...
Prakat and Dragonchain Partner to Create Clean Energy, Fintech, and Healthcare Blockchain SolutionsWed, Apr 28, 2021 4:55 PM
SAN DIEGO--(BUSINESS WIRE)--Apr 28,...read more...
Dragonchain Price Reaches $0.28 on Exchanges (DRGN)Mon, Mar 29, 2021 2:12 PM
Dragonchain (CURRENCY:DRGN) traded 0.6% higher against the U.S. dollar during the twenty-four hour...read more...