GenomesDAO: Innovators in the DeSci Field

Recently, the field of decentralized science (DeSci) has attracted considerable attention from investors. Among them, GenomesDAO, as a highly regarded project, has gained support from well-known investment institutions. This project aims to reshape the genomic testing industry, providing users with a secure and decentralized data management approach.

DeSci: A New Paradigm for Scientific Research

Decentralized science aims to create public infrastructure through Web3 technology to fund, create, review, and store scientific research projects in a fairer and more transparent way. Although this field has not yet fully entered the mainstream view, it has already attracted the attention of some important institutions and industry leaders.

DeSci mainly changes the research field in three ways:

1. Restructuring project financing and fund allocation methods
2. Innovative Research Project Collaboration Model
3. Use decentralized storage to protect intellectual property

GenomesDAO: Empowering Users with Control Over Genetic Data

GenomesDAO was established in 2018 and is one of the pioneers in the DeSci field. As a biotechnology DAO, it offers a secure, decentralized genomic testing platform and encourages user participation through a token incentive mechanism.

In traditional models, users' genetic data is often controlled and utilized by companies. The goal of GenomesDAO is to return this valuable data to users for them to manage and profit from. Through blockchain technology, users can have complete control over their genetic data and independently decide whether to share it with third-party research institutions.

User Participation Process

1. Users purchase genetic testing services
2. Gene data uploaded to decentralized database
3. Third-party organizations apply for data usage rights using platform tokens.
4. Users decide whether to agree to share, and if they agree, they will receive token rewards.

This model not only protects user privacy but also creates new sources of income for users.

$GENOME Token

The native token $GENOME of GenomesDAO plays multiple roles in the project:

• As a payment medium for third-party institutions to obtain data
• User unlocks the payment tool for the gene report.
• DAO governance token, can be staked to obtain voting rights and rewards

Currently, the market value of $GENOME is approximately 16.5 million dollars, with a unit price of 0.0174 dollars.

Project Outlook

GenomesDAO has several advantages:

• Available products and revenue models
• A narrative of a highly potential industry
• The development team continues to work hard.
• Support from well-known investment institutions

Although the current trading volume and market value are relatively low, the project team is still actively promoting it:

• Seeking collaboration with government and pharmaceutical companies
• Attract Web2 users through innovative strategies

Although the DeSci field has not yet attracted widespread attention, as the industry develops and matures, GenomesDAO may welcome more opportunities. For interested investors, this could be a long-term investment opportunity worth paying attention to.