Encrypgen Brings Blockchain Genomic Research, Announces ICO

Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels. Biggest purchase will get 1,000,000 extra Gene-Chain Coins. You can buy GCC with Bitcoin , Ethereum , Ethereum Classic , Dash and Litecoin .

The data can be stored and browsed in its original form. The GeneChain is designed to only store, share and secure it. If you are a donor, you can get paid by research institutes or scientists who want to access your genomic data for their studies.

Encrypgen Key Information

I agree with this point of view, many project do this, look on Crypviser, they distributed all unsold coins proportionally among the ico participants. I see that Encrypgen devs change their conditions during the ico, at first they said that they would return the funds to the participants, if the necessary amount would not be collected. The remaining 32 million coins will be sold later, either on the exchanges or customers who buy the product. They have created 100m coins and Multichain assets cannot be destroyed once created. Either way, Encrypgen will move forward with the project. There are many interested clients already in the sales pipeline for the nodes, and as soon as they can it will be listed on exchanges.

Encrypgen empowers donors by allowing individuals to see a complete permanent record of their data’s “withdrawals”. Individuals who upload their genetic information to the Gene-Chain can grant secure access to physicians or research studies using unique time-expirable keys. They are inherently distributed, peer-to-peer, immutable, and virtually unhackable. On top of this, the Gene-Chain uses additional security measures to ensure complete data privacy. Information that can be used to help further scientific breakthroughs in medicine and beyond. They sought to make an alternative to the current means by which valuable genetic data is bought and sold.

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You will need an initial fee to have your data stored in the blockchain as a donor, but after that you recoup costs by selling access to it. Seeing the exploding interest in genomics the last few years, the demand for genomic data research will only increase. As the unsold tokens/coins will not enter the market, it is defacto the same as if they were being destroyed. If the unsold coins would be distributed at ICO end, it would also lower the value of the coin because of dilution.

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The ICO that started last month has already raised 443 BTC and has another 11 days left for completion. The platform is expected to reach the maximum funding limit of 1000 BTC by then. Philosopher Encrypgen has been pushing the frontiers of ownership and protection of genomic data for nearly a decade. In 2009, his book Who Owns You foreshadowed the lawsuit, a couple months later, by the ACLU and other parties against Myriad Corporation based on its patents on the BRCA genes. Those patents would have allowed Myriad to effectively monopolize the testing market for breast and ovarian cancer. Safe and searchable – Patients and data donors are welcome to deposit their genomic data to the Gene-Chain for free.

Purchasers via the SAFT will receive their tokens in their wallets at the conclusion of our crowdfund of 1000BTC. Wallets will be available August 1, 2017 and DNA transferred first to ICO participants until remuneration is complete. The ease of access has also led to an increase in the number of people having their genomes sequenced, either for personal, diagnostic or research purposes.

Those taking part in the ICO can buy Gene-Chain Coin with BTC, ETH, DASH, LTC, and ETC. The new website provides more comprehensive information about the ICO and team members behind the platform. These developments have resulted in making genome sequencing best free unlimited vpn windows 10 much faster, cheaper and easily accessible, which has also accelerated the pace of research and development in the segment. The company has announced the launch of an updated website along with the release of the latest version of the whitepaper.

  • You will need an initial fee to have your data stored in the blockchain as a donor, but after that you recoup costs by selling access to it.
  • The Gene-Chain is a cross-platform-compatible way for scientists to securely share data.
  • The platform is expected to reach the maximum funding limit of 1000 BTC by then.
  • You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site.
  • Buyers will be invited to redeem coins with their tokens.

It is to be generated by nodes on the Gene-Chain and exchanged as the medium for transactions on the network. The number of total tokens will depend on the miners involved in the private network, as well as by the genomic data that will populate the Gene-Chain. Not all users of the Gene-Chain will mine at the same rates and some will not mine at all, so they will seek DNA on the crypto markets.

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The project seems real based on what they already accomplished and the individuals behind this research. So there is 80 million coin for sale and if you manage to raise 600BTC, then only 48 million coins are sold for 600BTC. Really good project, but not many people now know about this.

  • Individuals who upload their genetic information to the Gene-Chain can grant secure access to physicians or research studies using unique time-expirable keys.
  • Those taking part in the ICO can buy Gene-Chain Coin with BTC, ETH, DASH, LTC, and ETC.
  • By uploading your DNA profile to the DNA Marketplace, you’re able to set a price at which you’re willing to sell your DNA profile for.
  • All content on Wootfi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Encrypgen then, its community of supporters and users has grown virally, and various partnerships and platform developments have poised the company for consumer growth. This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it . Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector.

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Encrypgen, the company behind the revolutionary blockchain-based platform for genomic data storage and management — Gene Chain has announced few developments as the company proceeds with the ICO. Research centers, universities, and corporations purchase licenses to store their data on the Gene-Chain. The Gene-Chain is a repository of genomic data, uploaded by researchers and individuals, which accomodates browsing and metadata search. The Gene-Chain is a cross-platform-compatible way for scientists to securely share data. Finalize contract for purchase of nodes; discussions currently ongoing with several interested prospective buyers. The developments in biotechnology and medicine have made it easy and inexpensive to sequence genetic material.

encrypgen ico

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. Bitcoin , DNA tokens, and soon other cryptocurrencies may be used to purchase genomic data, and other DNA products and health related services in the Gene-Chain Marketplace. DNA tokens are an ERC-20 based cryptocurrency available on numerous crypto exchanges all over the world and exchangeable for Bitcoin , Ethereum and several other altcoins.

Encrypgen is working on addressing these concerns with Gene-Chain, a blockchain based solution powered by Gene-Chain Coin. Gene-Chain allows laboratories, research centers and other facilities to store and manage genomic data in a secure and transparent infrastructure. It’s unusual for academics, especially a philosopher, to stray this far outside their comfort-zones, but they have a plan to build a technical solution based on blockchain technology. Gene-Chain Coin is the medium of exchange for the Gene-Chain blockchain, described in our white paper and recent news articles including recently in Forbes.

They will therefor only sell the remaining coins above market value and in small batches to not sink the price. Coins will be issued later against the tokens including bonuses and any distributions to the team. Buyers will be invited to redeem coins with their tokens.

Ethical – Companies, research centers and universities may purchase licenses to store data in the Gene-Chain to comply with local laws relating to consent and privacy. Rating and stats platform for cryptocurrency ICOs © 2022 All rights reserved. Within a decade or two your genome will likely reveal even more. Once Encrypgen receives the completed SAFT and confirmation of BTC received by Encrypgen, the SAFT will be countersigned and returned to the purchaser within 24 hours of receipt of BTC by Encrypgen. The purchase shall be considered complete upon receipt of BTC by Encrypgen for the purposes of the sale. Let me reserve the translation of the bitcointalk Russian thread/site/whitepaper.

This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens.

We live in a world where more and more people are getting genetic tests – but nobody really knows how to manage all of this data. Encrypgen’s Gene-Chain is designed to work with existing systems and also as a standalone solution . In order to accelerate the platform development, the company has recently announced the https://coinbreakingnews.info/ launch of its ICO campaign. Through this ICO campaign, Encrypgen plans to raise a total of 1000 BTCs worth of funds. The ongoing crowdsale will also give a limited period opportunity for investors to be part of an initiative to create a groundbreaking blockchain solution for cutting-edge scientific applications.

You will receive within 24 hours a signed SAFT agreement, and wallets will be distributed as soon as we reach our goal. That being said, the system doesn’t need donors to sign up in order to function, that is just a diversification of this model. Most genetic data that is already available for the public has already been assimilated, and private groups with data sign on because the node benefits.