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Home News Blockchain Genomics company raises over $1M with Gene-Chain Coin Token Sales

Blockchain Genomics company raises over $1M with Gene-Chain Coin Token Sales

Encrypgen, a leading innovator in the Blockchain genomic storage and security industry, announced today that they have raised over 1 Million USD through their ongoing Token Sale. The company, led by the renowned scientist and author Dr. David Koepsell, has already reached more than half of their intended sale goal at 55%.

This low-key token sale (or ‘ICO’) for a high-profile product has seen significant growth due to word-of-mouth marketing by it’s core enthusiasts. Encrypgen makes genomic data storage private and robust through Blockchain and encryption technology. With the help of a strong Blockchain insider network, they capped off the last three days with a 100 bitcoin leap.

The Encrypgen team highlighted in their last weekly update that they are on the verge of closing a number of sales for their beta application to research institutes. The beta has successfully assimilated a vast library of public genetic data.

Encrypgen allows individual donors to control and even sell access to their private genetic information with private encryption keys. Encrypgen is not ready to confirm (or deny) the rumor that a “whale” ICO investment fund plans to buy out all remaining tokens before the end of the token sale.  The Gene-Chain coin token bonuses of 300K and 500K are still available to buyers of over 75BTC and 100BTC respectively.  Meanwhile the largest buyer so far with 52BTC stands to earn a 1M Gene-Chain coin bonus.

After an eventful week, which included a new web portal and the release of a further developed white paper, Encrypgen remains confident that the last week of the token sale will be just as momentous as the company’s development to date.  

Encrypgen is very busy with continued marketing and development to build application sales and revenue, and less focused on promoting their token sale. With a prescient focus on disrupting genomic data management, Dr David Koepsell says: “We continue to seek a brave and forward-thinking client who is interested and willing to help make their genomic data storage and sharing more secure, and facilitate what we are trying to create as a new marketplace for that data.”

Encrypgen LLC was founded by Dr. David Koepsell, in collaboration with genetics scientists and developers in 2016.  Encrypgen enables an open and secure channel for genetic data storage and compilation, enabling next generation genetic database management. This aims to ‘solve’ genomic data storage whilst preserving the personal data autonomy of donors who participate for the first time. It’s fuelled by the team’s passion to give genetic data donors ownership over their data, and propel genetic research into the future.  

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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