FAQs

Frequently Asked Questions

We’ve made it easy for anyone to understand everything there is to know about DYNOSTICS, DYNO, and our ICO. 

DYNO is the first blockchain-based fitness and metabolic data marketplace.

With all the data we collect from the DYNOSTICS device, we became increasingly aware that we needed a fair, safe, and secure way to store that data. We built the DYNO Marketplace so that our users would be able to dispose of their personal health data as they see fit and share it with partners whom they trust, in an anonymized way. The DYNO token will enable our users to get paid whenever they chose to share their data with a third-party.

Thanks to Blockchain technology, our users will be able to dispose of their personal data as they see fit and share it with partners whom they trust, in an anonymized way.

With the user’s approval and by paying them a fee, Universities, insurance companies, doctors, sports and fitness companies and clinical researchers will be able to access extremely valuable data sets. The purchase of these kinds of highly-precise and verifiable data sets is currently impossible even in centralized marketplaces, as there are simply no devices that can record this kind of performance and metabolic data. .

Data will come from the DYNOSTICS device and from third-party smartwatches and fitness trackers. 

The safe and secure storage of collected data is of paramount importance to DYNOSTICS. Basic user data such as age, location, and weight are stored on the Ethereum blockchain. This information remains unencrypted as to be accessible by search engines. All performance tracking and highly-sensitive data is encrypted, anonymized, and stored in a BigchainDB1 network cluster. In addition, an IPFS2 cluster is used to store general purpose file

Our open source, blockchain-secured, fitness data marketplace, will enable us to have a global impact. Our users will be the sole custodians of their data, and thus, free from malicious use of their sensitive personal information. Researchers, companies, and institutions will have access to better databases, which will lead to better research results, and eventually improve the health of people worldwide.

Let’s take the hypothetical example of a research institute needing to prove a particular theory, by implementing certain adjustments in people’s fitness and nutritional habits.

The institute is looking to study a group, within a certain age bracket, that changed their lifestyle in the past two years. On the DYNO marketplace, the researchers could publish a request to study people who fit their particular criteria. Users who match that criteria would receive an offer on their DYNO app, and sign a smart contract when they accept to take part in the study. On the other end, the institute is guaranteed to receive verifiable and completely valid data sets.

 

Company

The most frequently asked questions about DYNOSTICS company behind DYNO.

DYNOSTICS® is DYNO’s mother company. DYNOSTICS developed the first mobile, smart and affordable system for performance and metabolism analysis. Our breakthrough device can determine a user’s current state of fitness in just a few minutes, by analyzing his breathing gases. The measurements data is sent to the DYNOSTICS® App and interpreted by the DYNOSTICS® algorithm in real time. The App shows users within which pulse ranges they burn fat, increase performance, or when their body over-acidifies. Furthermore, the App tells users how their body processes food and suggests customized diet and training programs. This data empowers users to reach their individual fitness goals more effectively. All these tests are performed without the need for medical supervision.

The system we developed is most advanced of its kind and the sensors is currently patent- pending. DYNOSTICS® is constantly working on additional analytical devices and intends to become the world leader in smart body analytics.

The team is comprised of seasoned entrepreneurs. Our founders have more than 10 years of experience building and scaling companies in the health and fitness sector.

They founded and sold a number of companies including: an advertising agency with focus on the sports- and fitness sector, a fitness club franchising model and several other successful startups.

They invested 4 Million $ from their previous exits to start DYNOSTICS,

You can read more about the Team on the main page.

Our device can determine a user’s performance and metabolic data in a few minutes, by analyzing the gases they inhale & exhale.

Our method is based on ‘spiroergometry’. Metabolic data is captured through a breathing unit and performance data through a pulse belt. The breathing unit is an oxygen mask, comprised of an array of sensors. A turbine is attached to the mask. It ensures that a constant flow of air is drawn from the breathing unit and measures the volume of air that passes through it. An arm device pumps the air, receives the data from the pulse belt and breathing unit, and sends it to our cloud, via Bluetooth.

The data is then interpreted by our algorithm in real time and rendered in a digestible format, on our app. After completing these short series of tests, the user has access to a treasure trove of information. For example, the tests will tell users within which pulse ranges they increase performance or burn fat.

Through the app, they’ll be able to know how they process food, which kind of diet to follow, and how best to reach their fitness goals

Our target customers are fitness studios, personal trainers, sports clubs, and companies in the sports & fitness industries. A range of clients who were unable to offer such tests to their clients in the past, due to prohibitive cost of equipment.

After two years of development, DYNOSTICS successfully market-launched in 2016. In partnership with our technology partner KNESTEL, we’ve been consistently improving the hardware side of our product. We also work on delivering regular software updates and improving our UI/UX.

We recently launched the DYNOSTICS 2.0 Metabolism Function called “NUTRITION”. Thanks to this function, we can now determine one’s individual metabolism in under 5 minutes. The user receives his exact basal metabolic rate (calories consumed per day), along with how much carbohydrates, fat and protein their body burns. The app then generates individually tailored nutrition and training recommendations. Thanks to this new feature, we will be able to expand into the larger nutrition market.

DYNOSTICS is always looking forward to building new smart measurement devices. We are proud to announce we are already researching a device to analyze body fat. Development will begin in Autumn 2018 and the product launch is planned for 2019.

Token Sale

Interested in our ICO? Here are the answers.

Role of Token: Enable trading between data owners and buyers

Symbol: DYNO

Supply: 1.000.000.000 DYNO tokens (DYNO)

For Sale: 550.000.000 DYNO tokens

Hard Cap: 35.000 ETH

Emission Rate: No new tokens will be minted

Price: 1 DYNO = 0,0000636363 ETH | 1 ETH = 15.714 DYNO tokens

Accepted payment: ETH

The Private Presale started in March 2018. The Pre-Sale is ongoing in June and July 2018. A Public Sale may be announced.

Please join our Telegram group or follow us on Twitter, for official updates.

If you want to participate in the Pre-Sale (only invests greater than 50 ETH accepted), fill out this form and we will get back to you shortly. 

  • 60% Market expansion
  • 25% Research & Development
  • 10% Operations
  • 5% Legal
Please find the complete statement of the usage of funds with regards to our business development plans in the Whitepaper. 

We plan for DYNO tokens to be traded on all major, ERC-20 compatible, exchanges. We initially plan to list on two mid-level exchange, one focused on the SEA region and another on the US/European market. A major exchange listing is planned and continuously being worked on.

The DYNO project is well aware of the velocity problem for utility-tokens. Therefore the DYNO marketplace / network will implement a token burn and staking mechanisms.

  1. A token burn function in order to steadily decrease the supply of the token and stabilize the prize. This will be done by burning 50% of each transaction fee on the DYNO marketplace. The token burn will be done via a connection to the Euro in order to get an asymptotical function of the burn mechanism, never being able to burn the whole amount of tokens only narrowing it down to have a decreasing amount of supply.
  1. A token hold function: this will be done on the market place for data buyers. Every possible data buyer can search the marketplace for certain metadata in order to find the right data and users. We will implement a token hold function with a premium marketplace access. Therefore a data buyer needs to hold a certain amount of tokens in order to be able to perform a more detailed search or process certain actions. The tokens he uses in order to get access to the premium functions on the marketplace can not be used to buy data and have to be held for a certain amount of time.