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Encrypgen (DNA) Launches World’s First Blockchain Genomic Data Marketplace

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Encrypgen

Crypto investors have had an extremely rough year.  Losses have been massive and it’s unclear when the bear market will end.  One of the biggest reasons behind the precipitous drop in token prices has been due to companies not achieving what they promised.  At some point investors need results.  One company that is bucking that trend is Encrypgen (DNA).  Back in August, Encrypgen launched the beta version of its Gene-Chain.  And now today, Encrypgen will officially launch version 1 of the world’s first blockchain genomic data marketplace.

Back in August, when the beta version of the Gene-Chain was launched, the DNA token price soared by approximately 60% at its highest point.  And that was just a beta version.  It’s very possible that the launch of Gene-Chain version 1 will cause an even bigger spike.  And that’s because of a new feature called “buy now.”

The DNA token is a utility token.  In a nutshell, that means that the value of the token will be determined by real-world usage.  With the implementation of the buy now feature, researchers and scientists will be able to purchase DNA tokens directly on the platform.  Those DNA tokens will come directly from Encrypgen’s inventory of approximately 3 million.  As that supply diminishes, Encrypgen will then have to go to the exchanges, such as Cryptopia and Kucoin, to buy more tokens.  Another possibility is that researchers will bypass the company and just go directly to the exchanges to buy tokens.  Either way, it’s clear that Encrypgen has reached the point of utility and traders can begin to expect a significant run-up in the token price.

Because DNA is a utility token, there are two important questions for investors.  First, what does the competitive landscape look like?  And second, what does the industry look like?

Competitors

As mentioned earlier, Encrypgen has now launched the world’s first genomic data marketplace.  So, while there are some competitors, they are years behind.  The main competitors include LunaDNA, Nebula Genomics, and Shivom.

LuncaDNA: Luna is no longer interested in a cryptocurrency.  Instead, they have decided to award shares in a public benefit corporation to data donors.  While it’s probably a safe move from a regulatory point of view, I think it’s a bad long-term plan.  A spendable currency is significantly more valuable than shares.  Cryptocurrencies offer anonymity while shares do not.  And further, Luna has yet to announce any sort of timeline for its platform.

Nebula Genomics: Nebula has managed to build an impressive company with one of the best teams in the business.  The company is promising to use blockchain but has oddly decided against doing an ICO (at least for now).  Instead, they will likely do a token generation event with a minimum required purchase of $50,000 (leaked via Telegram).  The founder of Nebula, George Church, is well respected in the industry.  However, there is a potential conflict of interest.  Mr. Church owns a sequencing company called Veritas.  The tokenomics model is questionable and it’s unclear how Nebula plans to make money.  Therefore, it’s entirely possible that Nebula’s purpose is to help sell Veritas tests.  Great for Mr. Church but not all that wonderful for investors.

Shivom: Although Shivom was able to raise a great deal of money in their ICO, the company has some issues.  First, a company that helped promote the sale in Australia is facing a $2 million lawsuit.  Second, Shivom’s registered agent in the Isle of Man has resigned.  Third (and most importantly), Shivom has yet to even produce an alpha platform.

As traders can see, these 3 competitors above certainly should be acknowledged but there doesn’t appear to be much cause for concern.  Encrypgen is certainly the undisputed leader of blockchain genomics at this point.

Industry Strength

Genomics is currently one of the hottest spaces around and is forecasted to grow to at least $24 billion by the year 2022.  This number has already been revised upward several times so it’s entirely possible that the $24 billion is at the low end of expectations.  The industry growth will be driven by an increase in genomic research activities, a rising number of start-up companies, a growing focus on personalized medicine, and an increasing application of genomic sequencing in the diagnostics.

Conclusion

Most traders in the crypto space recognize that only a few of the current cryptocurrencies will exist in 5-10 years.  The ones that deliver will grow exponentially and the ones that don’t will fizzle out quickly.  Traders should be looking for companies that have delivered on their promises and have real-world usage.  Encrypgen checks all the boxes.

Disclosure: I am long DNA

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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.

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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GDA Capital in Conversation About the Future of Digital Assets at Global Family Office Summit

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GDA Capital organized the quarterly Global Family Office Summit this week. The event was held virtually with a number of technology leaders and high net worth investors who discussed issues such as education, trust and responsibility to give back. Among these were insightful conversations with Dubai-based Dalma Capital’s CEO Zachari Cefaratti, Holt Fintech Accelerator founder Brendan Hold Dunn, Global Data Sentinel CEO and White City Ventures Chairman of the Board Shahal Khan, and Elitium CEO Raoul Milhado, among others. Participants were also given access to off-market opportunities to invest in novel technologies.

Will Bartlett, GDA Capital’s Director of Research, headlined the event by focusing on tech in the modern economy, and identifying six sectors where new technologies can make a lasting impact: robotics, space, biotech, machine learning, quantum computing, and blockchain. In the context of blockchain, he discussed how digital assets are a hedge against traditional financial markets. “Cryptocurrencies have no exposure to stock market returns, macroeconomic factors, or returns of currencies and commodities,” Bartlett said.

More so, Bartlett believes that new models for digital assets such as DigitalBits’ branded stablecoins are key to the development of the field. These currencies replace traditional rewards and loyalty point systems that are commonly used by household brands by porting them to the blockchain. Meanwhile, they rely on brand…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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