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Encrypgen (DNA) Nearing Another Major Milestone

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Encrypgen

Despite a short-lived Bitcoin surge above 4,000, the past few weeks and months have been a relatively quiet period in cryptocurrency.  Given the lack of trading opportunities, traders should devote more of their time to researching strong companies that are on the verge of transforming industries.  One such company is Encrypgen (DNA).

Encrypgen Value Proposition

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data.  This extra security provided by Encrypgen is extremely necessary given all the recent privacy issues that 23andMe and Ancestry have had.  So rather than hand over control of your DNA to a testing company like 23andMe, consumers can safely upload and secure their raw data file with Encrypgen’s Gene-Chain.

The Gene-Chain went live late last year and has been a raging success thus far.  With each passing day, additional data sets are being uploaded to the Gene-Chain.  Once uploaded, researchers can purchase the data directly from consumers (with the consent of the consumer of course)!

Gene-Chain Emerges

Although many crypto companies have disappointed token holders during the past year, Encrypgen has done just the opposite.  The company has done what no other company in its industry has and that is launch the world’s first genomic data marketplace.  Since that announcement late last year, Encrypgen has continued to announce exciting news and major partnerships that will lead to increased usage of the Gene-Chain.

Impressive Partnerships

The first of those partnerships was announced in late 2018 with Murrieta Genomics.  The second partnership was announced in early 2019 with viazoi.  The partnership with viazoi is especially exciting as it will do a lot toward increasing the amount of data sets on the Gene-Chain.  As the number of data sets increase, so too should the token price as researchers will be eagerly waiting to buy more data.

Given all the success that Encrypgen is having while so many other crypto companies are struggling in the current environment should give DNA token holders a lot of confidence.  And that confidence will be bolstered even further as the company is nearing another major milestone.

Encrypgen Nearly Finished With ERC20 Integration

The initial premise of the Gene-Chain was that researchers would be able to buy DNA tokens directly on the platform in order to purchase genomic data.  In order for that to happen, Encrypgen had to complete ERC20 integration.  For those that don’t know, ERC20 essentially defines a common list of rules for all Ethereum tokens to follow.  This ensures that Ethereum tokens of different types will work the same in any place within the Ethereum system.

The plan is for researchers to have two options in order to buy DNA tokens.  The first, and primary option, is for researchers to purchase DNA tokens directly on the Gene-Chain for a small markup in token price.  The markup would essentially allow Encrypgen to generate extra revenue in order to fund operations.  The company would then go to the exchanges in order to “re-fill” its supply of DNA tokens.  The second option is for researchers to purchase DNA tokens directly on the exchanges.  The most viable option for that to occur was on Cryptopia but because of the recent exchange hack, that has had a bit of a delay.  But, the good news, is that it looks like Cryptopia is getting closer to re-opening.

Conclusion

Although many companies have disappointed the market during the past year, it’s nice to see Encrypgen continue to make solid progress on its roadmap, just as it promised token holders.  DNA is one utility token to keep an eye on as the future looks extremely bright!

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Tim Green via Flickr

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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