Reviews

#Micro Review

Ever heard of De-Sci? Decentralized Science (De-Sci)

Real practical application of blockchain ledger technology applied to scientific data to provide:

  • Immutable records.
  • Full transparency of transfers.
  • Full anonymity & privacy.
  • Full custody ownership.

Now that you know what De-Sci is let me tell you a LITTLE about GenomesDAO. They offer clinical quality 30x whole genome sequencing that... More

7
2

#Tokenomics

The ecosystem comprises two tokens: GENE, the primary utility token, and GNOME, strictly for governance in the GenomesDAO. This review focuses solely on the GENE token.

I rate the tokenomics of the GENE token highly for several reasons. The foremost reason is its "Value Capture."

What is Value Capture? Please see my blog post. https://cyrator.com/post/64763f738def171f2601cee3

How does Value... More

4
1

#Team

Several red flags have been identified that require attention with regard to the project.

  • Initially, the project was founded by Dr. Mark Hahnel and Aldo de Pape as shown in Figure 1. However, Dr. Mark Hahnel has been removed from the website

  • The only remaining team member with a related background is Bastian Greshalke. Unfortunately, there is no information available on his personal... More

3
1

#Idea

I like these projects that are different. Genetic data has value now, and possibly a lot more in the future. If there is a way for people to get utility from it as well as monetize it, then I'm all for it.

Obviously, if a person has a very unique and rare genetic traits, that could massively increase their value to pharmaceutical companies. If not, it's still useful, one could envision a dating... More

3

#Micro Review

After becoming intrigued by GENE reviews, I wanted to explore the website and uncover their DNA.

To proceed, you can order a set to collect your DNA and send it back. However, the question arises: to whom should it be sent? I mention this at the end of the review.

Upon visiting the website, I noticed two instances of the phrase "earn money with DNA" and an annoying chat window. These elements... More

3

#Tokenomics

Within the GenomesDAO ecosystem, there are two tokens available for use.

  • The first token, $GENE, is a utility token that allows users to query the DNA vaults. It serves as the native currency for the GenomesDAO platform. The total number of $GENE tokens available is fixed at 1 billion. Additionally, for each whole genome sequencing test (WGS) that is sold, a predetermined amount of GENE... More
2

#Micro Review

WOW. The first thing that caught my attention for the project was to "Earn money from your DNA", which instantly makes me want to find out more about the project.

GenomesDAO offer genomics sequencing and mints a unique NFT (truly 1/1) with your own details such as ancestry, health risks and also about carrier status. Compared to current market competitors like 23&Me/Ancestry, and the prevailing... More

2

#Micro Review

This is an interesting concept where you can have your DNA sequenced more accurately than the leading competitors and have a unique NFT minted with your personal details. Your information then gets stored in a vault which allows you to run ancestry and rare disease reports on your genome.

There is also the option to sell your genome info to big pharma companies or research organisations to earn... More

2

#Idea

The idea of GenomesDao, which aims to merge genetics and blockchain technology through genetic NFTs, is undoubtedly innovative and has the potential to introduce new possibilities in the fields of genetics, art, and scientific collaboration. By representing genetic information as NFTs, GEN opens up avenues for creative expression, scientific research, and community engagement.

The concept of... More

#Technology

Let's dive into the technical aspects that make GEN a marvel in the crypto space.

Genetic Data Representation: GEN leverages advanced data encoding techniques to represent genetic information as NFTs. Through the use of standardized genetic file formats, such as FASTA or VCF, genetic sequences are transformed into digital assets that capture the unique characteristics of an individual's DNA.... More

#Micro Review

Welcome to the thrilling realm of GenomesDao (GEN), where cutting-edge technology meets the fascinating world of genetics! GEN takes the concept of non-fungible tokens (NFTs) to new heights by combining them with the intricacies of our DNA. Get ready for a captivating journey that merges science, art, and blockchain innovation.

GEN introduces a groundbreaking concept: genetic NFTs. These unique... More

#Tokenomics

Their tokenomic information is well hidden, here's a link. Why is the link to the DAO password protected?

Regarding the GNOME token. I'm not sure I understand why they need to reserve 25% of the supply to support the genetic sequencing lab, aren't this covered by the cost of the DNA test itself?? Seems like they may use this to build... More

#Micro Review

The practical application of blockchain technology in genomics as demonstrated by Genomes, is commendable. It introduces the concept of 'De-Sci', which I find intriguing. There is a clear demand for such services, as evidenced by my own family members who have used centralized companies to trace their ancestry & assess health risks.

When it comes to Genomes' website I'm unsure whether the... More

GenomesDao $GENE

Biotech DAO focused on monetization of genomic data

GenomesDao ($GENE) is a cryptocurrency launched in 2018and operates on the Polygon platform

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