GENOMEQUITY - UNLOCK THE VALUE OF YOUR DNA

temillion (3)in #blockchain • 6 years ago (edited)

Genomequity is an innovation with the intention to create a collaborative platform that rewards users for sharing their DNA with researchers. With Genomequity, users contribute genetic information by submitting physical samples and by supplying supplemental personal information through sponsored surveys. Individual users’ genetic information can be anonymized and aggregated to create a large, dynamic database of genetic information that can be shared or sold to researchers. Genomequity plans to build an open platform, where third party developers and service providers can build applications and sell additional services to users, including additional DNA analysis and genetic counseling. Contributing users’ DNA samples will only need to be physically processed one time, and then can be digitally stored, searched, analyzed, and queried numerous times, thus lowering the cost of sample acquisition and analysis for researchers and allowing for opportunities for users to continually gain new insights from their DNA with just one physical sample.

FEATURES OF THE ECOSYSTEM

Users

Users purchase DNA collection kits from Genomequity, and send in their DNA samples for processing. In turn, they receive genetic reports and receive access to a digital DNA profile in the system. Users may choose to participate in online research studies sponsored by researchers and receive compensation for sharing additional data. Users may also choose to share their genetic profile with third party service providers and purchase additional tests or services from them.

Researchers

Pharmaceutical companies, academic researchers, and biotech companies pay fees to access and search the database of genetic information. They may also pay fees to sponsor custom surveys offered to the user base. A portion of these fees may be given to users as an incentive to participate in the surveys and continuously improve the database.

Service Providers

Service Providers sell genetic tests and services to users. Users grant these providers access to their stored digital DNA profiles, and these providers perform additional analysis on the stored dataset.

Laboratories

Third party laboratories provide the services necessary to extract, purify, and analyze user DNA samples. Physical DNA samples from the collection kits are sent to outside laboratories, and the laboratories provide Genomequity with the analysis results. Physical samples are then sent to third party biobanks.

Biobanks

Third party biobanks maintain remnant samples for long term frozen storage. The samples may later be used in additional studies, or sold to researchers.

TOKEN DETAILS

Token name: GEQ

Total token supply: 100,000,000

Public offering: 30,000,000

Genomequity Fund: 60,000,000

Team: 10,000,000

SoftCap: $2million

HardCap: 20million

BENEFITS OF USING THE PLATFORM

For users:

Access rights to use services on the platform.

In the economic model, users may earn tokens for submitting samples to the platform and for participating in sponsored research studies. Users may then use those tokens to purchase DNA analysis services from Genomequity or its third party service providers.

For researchers:

Access rights to search and download data from the genetic database.

Access rights to create and conduct custom surveys on the platform.

For application developers and service providers:

Access rights to sell services on the platform.

WORK FUNCTION OF THE PLATFORM

A DNA collection kit is ordered from Genomequity and sent in DNA sample. You will receive in return a report about your personal genetic data that can give you some insights into your biological origin and health. All your data is stored anonymously on the secure servers of Genomequity. When you choose to participate in research studies and share your data with researchers, you can earn a reward. Also, Additional services can be provided to users of the Genomequity platform like for example custom DNA analysis or consulting.

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