DNAtix is a proposed genetic information platform where consumers, researchers, labs and medical facilities will work together to make genealogy accessible, transparent and anonymous. To realize this goal DNAtix will use cutting-edge infrastructure and blockchain technology to provide services such as the analysis, storage and exchange of digitized DNA data through a Direct-to consumer platform.
Additionally, DNAtix will issue utility token which be used to trade in the DNAtix genetic platform. Moreover, the coin will also contribute to the future development of the DNAtix project. Within the platform, user will have the capability of uploading either partial or full genomic info in a fast, secure and anonymous manner.
On the other hand, medical facilities will have access to a library of genetic conditions from which they can develop appropriate remedies. Hence, the platform will revolutionize the field of human health, moving from a reactive culture to preventative one.
About DNAtix ICO
Token Symbol: DNTX
Token Sale Starts: June 2018
Token Price: 0.01 USD
Total Supply: 150,000,000
Hard Cap: $30 million
The Current Market Situation
Recently, the interest in genomic sequencing has increased. It is estimated that by 20220, over 500 million individuals will have undergone the gene sequencing process. A testament to the growing popularity of these tests is the market worth of the sequencing sector, approximated to be $5 billon two years ago. Two years from now, this figure is expected to escalate to $20 billion.
Presently, people have to go to medical services providers to access genome sequencing test, an aspect that substantially compromises their privacy. Moreover, there is no solution that offers blockchain-driven direct-to consumer services.
Services Offered by DNAtix
Several Genetic Tests
DNAtix will provide an array of both lifestyle and genetic assessments, which will be performed as either individual tests or packages.
Typically, blockchain applications are impenetrable. This guarantees that the confidentiality of a user(s)’ genetic information is upheld throughout.
Referral to Service Providers
The DNAtix platform will automatically refer users to the appropriate service provider by analyzing the test results against the remedies offered by a particular solution.
The DNAtix Wallet
DNAtix will developed a digital wallet through which members will control and access payments on the DNAtix platform. Besides, this wallet will also store the genetic information of each particular user.
The DNAtix Token
This will be the only acceptable means of payment within the DNAtix platform. The total supply of these coins is fixed at 150,000,000, meaning no additional tokens will ever be minted. In the first year, 15% of DNAtix will be hoarded in the reserve account.
DNAtix is scheduled to conduct its ICO in June 2018. During this event, 85% of the 150,000,000 DNAtix tokens will be up for sale. The hard cap for the fundraiser is set $30 million. Further details regarding the impending ICO are yet to be published on the project’s website.
After the ICO conclude later this year, the team will embark on the deployment of DNAtix platform. This step will involve the setting up of virtual machines at partnering institutions worldwide. Later one, DNAtix will increase the number of test it performs by adding an extra 25 tests.