Print Page - My case for investing in the DNA token (Encrypgen)

15-02-2021
https://kavi-icr.uonbi.ac.ke/latest-news/indygeneus-ai-joins-forces-kavi-icr

Washington, DC, February 15, 2021: IndyGeneUS AI (pronounced indigenous) is proud to announce our partnership with EncrypGen, the world's first blockchain-mediated genomic DNA data marketplace. The partnership will yield 18,000 genomic and clinical data sets and access to over 100,000 patients with mobile electronic health records, in collaboration with the Kenyan AIDS Vaccine Initiative (KAVI) Institute of Clinical Research at the University of Nairobi, and Afya Rekod

20-09-2021
https://indygeneus.ai/ [Suspicious link removed]img.com/blobby/go/13d0e09a-e414-4925-afd3-50d745a7b2eb/HelaPlex_IndyGeneUS_pr_092021.docx-3.pdf)
https://www.prnewswire.com/news-releases/helaplex-secures-500m-contract-strategic-partnership-with-indygeneus-to-expand-blockchain-cloud-genomic-repository-301382816.html

Washington, D.C., Sept. 20, 2021: HelaPlex, the first Commercial Life Science Co-working Space with a built-in Accelerator for Life Science Startups & Virtual Biotech Companies, is committed to invest $30M USD to build a 50,000 Sq. Ft. Commercial BSL-3 cGLP Wet Lab with state-of-art office space for IndyGeneUS AI - including the purchase of +12 Illumina Novaseq 6000 Sequencing Systems and +2 Berkeley Lights Beacon Optofluidic Systems to jumpstart the build-out of their cloud-genomic repository.

28-10-2021
https://www.the-yuan.com/148/Can-AI-Drive-Inclusion-of-Africans-on-the-Genomic-Database.html

Africa's vast genetic variations mean the continent holds the prospect of future world-class genomic research since it has the needed skills, funding, and resources. Nothing stops Africa from having its genomic database to advance the genetic study of its populations. On this premise, Nairobi-based pioneer genomic AI startup IndyGeneUS AI secured a US$500 million generating partnership with Helaplex, a commercial co-working space for life science startups.
DNA Blockchain
The company plans to create the inclusion of Africans on the global genomic market by building the world's largest blockchain encrypted cloud-genomic database for indigenous and diasporic Africans, news portal PR Newswire reported on May 19. This move will unlock new vistas in health research, drug discovery, disease detection, and clinical care for the second-largest continent, and the world.

Why is this important? :

https://www.bbc.com/news/business-58788040
https://www.nature.com/articles/d41586-020-03028-3
https://www.scientificamerican.com/custom-media/good-medicine/a-price-on-african-genomes/

Encrypgen CEO Dr. Koepsell :

"Researchers want lots of data and want access to it more cheaply than the current monopolistic models. Pharmaceutical companies are paying hundreds of millions for the monopolized data and our free market should make it cheaper and more widely available whole compensating people for their data."

On the DNA token :
"It's a utility token used for buying and selling data and until now, the amount of available genomic data has been small. But take a look at recent news about our partnership with Indygeneus.ai and see that within about 6 months 100k+ datasets will begin getting uploaded. So our potential has never been greater."

We can debate privacy issues,
(only a ,possible throwaway, email and ETH wallet are required to make use of the Genechain)
the tokenomics,
(the higher the number of profiles being purchased on the GeneChain, which can be purchased multiple times, the more dillution of the token will occur, thus decreasing the availability on the open market as demand increases with every newly added profile)
or the necessity of the token,
(the Marketplace itself is built on MultiChain and uses the MultiChain DNA token for transactions, the ERC20 version is bridged through the wallet to make trading more accessible).

And I guess you could best direct all of those and other concerns to the CEO in their Telegram group.
But the fact remains, IndyGeneUS and their partners mentioned above have decided they will upload 100k+ highly valued African WGS to Encrypgen GeneChain marketplace, so their concerns atleast seem to have been put to rest.

~4M Mcap
https://etherscan.io/token/0xef6344de1fcfc5f48c30234c16c1389e8cdc572c

The DNA token is available at Coinmetro and Uniswap V2 & V3

Feel free to use this refferal code:

https://coinmetro.com/?ref=mccaine

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Economy => Trading Discussion => Topic started by: Mccaine on November 10, 2021, 07:18:39 PM