/biz/ - Business & Finance

The EncrypGen team sees their $DNA token at $1. Listen to https://youtu.be/s_Z6Jx7ApYw?t=3150

https://go.coin-metro.com/security-token-platform/encrypgen

Once you invest 100 euro in the bond, you receive 500 $DNA for free. Currently that 500 $DNA sits at $65. EncrypGen team asked the reward to be lowered to 250, as 500 would be too high because they adjusted the price projection upwards from $1.
You still have 3 days!

Makes this an easy 6x, but also safe as the lowest outcome would be 1.6x

What: DNA
Where: CoinMetro
https://go.coin-metro.com/security-token-platform/encrypgen

Terms:
>Investors who purchase in total a minimum of 10 bond tokens will also acquire a sum of 500 DNA tokens with which they can take part in the Gene-Chain data marketplace.

Oliver confirmed on Telegram that this offer will soon close as the bar was set too low, if you still want this you need to get in now.

DNA was about 15 dollar cents, so you can get a close to 2x right after the bond closes or you can ride this thing out and see where it goes.
DNA was up to $2 in 2017, so your 100 EURO could potentially 10x.

Reposting since DNA is now actually trading, it's going at $0.06 dollar cent a piece, that's 5 eurocents.

I'm going to buy 101 euro worth of Encrypgen Bond.
Orders over 100 euro (over 10 bond tokens, 1 bond = 10 eur) get 500 DNA tokens for free.
DNA currently sits on $0.04 but buy offers on CoinMetro are as high as 0.06 dollar cents.

The bond offers 7% interest and can be converted to equity or cash in 2 years.
Dumping DNA immediately at let's say 5 eurocents gives 25 euro.
When the bond offer closes and the secondary market opens up, I'll dump the bonds right away for 9,90 and might even make someone happy for taking a small profit.
That's 101 - 99 + 25, +22% almost guaranteed in a day.
If it's not possible to dump I can hold for the end of the term and get cash back which would make it a guaranteed +39%, nothing special, but can't lose.

This is the bond page: https://go.coin-metro.com/security-token-platform/encrypgen

Find any flaws in my plans or is this guaranteed?

Oh and the DNA price is conservative.
Supposedly they were extorted by one their previous exchanges for a listing which is why the price is plummeted, the current holders are all bagholders who won't sell easily.
ICO holders are up 30% but ATH was $2~ish, so they're not going to want to sell cheap.

Encrypgen/DNA token swap happening as we speak. Listing on coinmetro.com later today hopefully
A great idea with a realistic, futuristic use case. not been without teething problems up to this point but i believe in the vision. worth throwing a few bucks at anyway.
relevant: https://www.bloomberg.com/news/articles/2021-02-04/23andme-to-go-public-as-3-5-billion-company-via-branson-merger