Topic: [ANN] [ICO] ENCRYPGEN *GENE-CHAIN COIN* 1M$ RAISED, 3 DAYS LEFT [CLOSED] - page 3. (Read 5019 times)

Thank you for your support!

Less than 2 days Crowdsale will end, and 56 % reached from goal.
I'm glad join this ICO early, hope this will profitable 

sounds perfect - thanks

Thank you for your support! And I'm sorry to hear about your father, cancer is a terrible thing.

The developers were finalizing the multichain wallets last week, so we're on track

that's why i support your project and bought a nice stash from ico.
even if will not gain some money (or even loose some) i have the feeling to support something good (lost my father because of cancer not long ago)

are you on time with the wallet?
i like to have my assets under my own control asap and i plan to hold the coins/tokens for a long time

I understand your point on not needing to blindly trust the devs. There are always some risk involved and you need to decide if you trust the team enough for them to not do it, in this case to not coin dump and devalue the coin later, and for other ICOs the risk is bigger, like the team actually making the product they are raising money for.
There are a lot of things that speak in favour of the Encrypgen team: they asked for a reasonable amount during ICO to develop their product (no uncapped moneygrabbing), their team already has a working demo (where some ICOs only have white paper maybe... ), the team consist of expert scientist and developers who are passionate about the future of genomic research and the problems it could solve, and not making money. One of the reasons why there was not much marketing on this ICO is because the team prefers to spend on building the product.
With two days left until ICO finishes, I don't think there will be any changes in this policy, so this discussion will not lead anywhere new I still thank you for your inputs, they were appreciated.



Before doctors can use genome and epi genome therapy they first have to locate the exact markers and genes for cancers, which is why Encrypgen is such an exciting idea: it will have the biggest database of human genomes available for research purposes, exactly so that researchers can pinpoint these things. I can't say for sure if meditation techniques can remove scar tissue from epi genomes, I'm not that well versed in epi genomic theory. But they would be able to research it with Encrypgen

I think there is no bounty because ICO will end 2 days ahead there is no other way you should join in ico to get coin

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I have heard that GENOME and EPI GENOME therapy can be used to cure and also prevent cancer am I correct? That also we can change our epi genomes back to health by re wiring our brain. Like for example we can go back to the most traumatic memories and use meditation techniques to remove the scar tissue from the epi genomes. I would love to be able to give some of my GENOME for research! I am really interested in this progressive medicinal approach.

This is what every coin dev says when they are collecting money and as time goes on its only natural that some people get greedy.
I am not saying you guys are like that, but its a fact and the investors dont have to blindly trust on any devs for that matter.
I am sure you only have the best intentions for keeping the coin and selling it later at a higher price.
Ideally it should be the market which should dictate the price after the ICO and not the coins you held from the ICO.

Anyways since you have done enough research,
please give me couple of examples of coins for which the dev team kept the unsold coins after the ICO.

As said, it would be in Encrypgens best interest to keep the value of the coin high. There is no purpose served by doing a coin dump, especially since the services offered by Encrypgen are not based on only selling to the masses, but researchers and research institutes, which are pretty much as stable as they come.

Dev when open bounty social media? I want try join bounty

I have been in this space for a while and its common practice either to redistribute or burn the excess coin, if the targets are not met.

Since you have done enough research,
please give me couple of examples of coins for which the dev team kept the unsold coins after the ICO.

I dont completely agree with it.
The problem is having 32million coins with the dev team in addition to the 10 million they already hold would make any investor nervous as
there is chance of dump of the 42mill coins to the market any time if things dont exactly go north.

Keeping the coins with the dev team for later selling will not increase the value of the token for existing investors.

The value of the coins increases by demand for it, like any crypto currency. As the coins are used for buying Encrypgen services, like licensing and running research nodes, the customers will have to buy the coins off either exchanges or from Encrypgen directly. However, it's in the best interest of Encrypgen to keep the value of the coin as high as possible because exactly of the services paid with them. They will therefor only sell the remaining coins above market value and in small batches to not sink the price.

As the unsold tokens/coins will not enter the market, it is defacto the same as if they were being destroyed. If the unsold coins would be distributed at ICO end, it would also lower the value of the coin because of dilution.

Crypviser has a totally different product as Encrypgen, and markets to a different crowd. It might make sense for them to do it this way, but for Encrypgen it would not make sense at all. Things working for one ICO does not mean necessarily that it works across the board for all of them, that's why you should do your own research

I agree with this point of view, many project do this, look on Crypviser, they distributed all unsold coins proportionally among the ico participants. I see that Encrypgen devs change their conditions during the ico, at first they said that they would return the funds to the participants, if the necessary amount would not be collected.

If you still keep 32million for selling to new users who buy the product, how would it increase the value of the token for the existing holders?
Does it mean that the existing holders have to wait until you sold all your 32million coins before they see any increase in their investment.

Why cant you distribute the 32million coins to the existing token holders?

The remaining 32 million coins will be sold later, either on the exchanges or customers who buy the product. The team will not assign them to themselves. They have created 100m coins and Multichain assets cannot be destroyed once created.

So there is 80 million coin for sale  and if you manage to raise 600BTC, then only 48 million coins are sold for 600BTC.
What happens to the remaining 32 million coins.
]Your team just take ownership of it?

Tokens are issued to those who've paid for them, according to a SAFT agreement, including any bonuses.

Coins will be issued later against the tokens including bonuses and any distributions to the team. The details of this are on the token sale page (www.ico.encrypgen.com) . Buyers will be invited to redeem coins with their tokens.

Unpurchased tokens will not be distributed.  The full amount 1000BTC worth is a cap. It is not essential to reach it for issuing and also not for development.

Encrypgen already has sales in the pipeline and a working demo, this ICO raise is only to make things go a bit faster That's what makes this an interesting investment!