Gene-Chain Coin (DNA) is the medium of exchange for the Gene-Chain blockchain, described in our white paper and recent news articles including recently in Forbes. It is to be generated by nodes on the Gene-Chain and exchanged as the medium for transactions on the network. The number of total tokens will depend on the miners involved in the private network, as well as by the genomic data that will populate the Gene-Chain. Not all users of the Gene-Chain will mine at the same rates and some will not mine at all, so they will seek DNA on the crypto markets.
The total DNA supply will be 100,00,000. From them 10 mil are for Core Team, 5 mil for Marketing, 5 mil for bonuses and the rest 80 mil for sale. For our token sale we are offering 80,000,000 tokens and capping our offering at 1000 BTC realized in the crowdsale. For the first week, 1 BTC buys 80,000 Gene-Chain Coins. We are using a SAFT (Simple Agreement for Future Tokens) for the exchange as the tokens are to be mined as the Gene-Chain grows. The SAFT is a safe and legal, binding contract for the purchase of unmined tokens. Purchasers via the SAFT will receive their tokens in their wallets at the conclusion of our crowdfund of 1000BTC. Wallets will be available August 1, 2017 and DNA transferred first to ICO participants until remuneration is complete.
Procedure for the Token Sale:
Send any amount of BTC, ETH, Dash, LTC, or ETC to the addresses on this page and fill in the form you will find there. You will receive within 24 hours a signed SAFT agreement, and wallets will be distributed as soon as we reach our goal.
Beginning at 9 am ET June 1, 2017, Users can fill out a web form on the Gene-Chain page of the Encrypgen website indicating their Name, BTC address, and amount of BTC to be used for purchase.
Confirmation emails will be sent within 24 hours of each email received via the webform indicating customer # (beginning at #1), projected bonuses involved in the purchase, and total tokens to be credited to the purchaser for the purchase once completed. The SAFT will be attached indicating these figures and must be completed by the purchaser and signed. The customer will be given in that email the BTC address to which the transfer must be made.
Once Encrypgen receives the completed SAFT and confirmation of BTC received by Encrypgen, the SAFT will be countersigned and returned to the purchaser within 24 hours of receipt of BTC by Encrypgen. The purchase shall be considered complete upon receipt of BTC by Encrypgen for the purposes of the sale.
Tokens in wallets will be transferred to purchasers July 19, 2017
Bonuses: There are bonuses both for early purchases and size of investment
Early adopter bonus: each week the amount that 1 BTC buys deceases by 5% (except weeks 5-7), so: 1st week -> 80k, 2nd week -> 76k, 3rd week -> 72k, 4th week -> 68k, 5th week -> 64k, 6th week -> 60k
Purchases over 5 BTC will get 5% extra. Biggest purchase will get 1,000,000 extra Gene-Chain Coins. You can buy GCC with Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Dash (DASH) and Litecoin (LTC).
