Bitcoin Messenger App GetGems Raises $400k From Waze Investor
Magma VC has invested $400,000 in decentralised social messaging startup GetGems (formerly Gems). The funding marks the first VC investment for the widely anticipated crypto 2.0 project, which seeks to incentivise social messaging users through the use of GEMZ, a native token issued on Counterparty that allows users to profit from the platform's growth. The news comes amid GetGems' ongoing crowdsale, the first hosted by IDG-backed decentralised application development platform Koinify. Since its 1st December launch, GetGems has raised $600,000 through the sale, bringing its total funding....
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GetGems (previously known simply as Gems), a messenger app with Bitcoin integration and its own crypto-token, has added $400,000 USD to the money it already raised in its crowdsale, after striking a deal with venture capital firm Magma VC. The additional finance will bring the total funding raised by Israeli firm 'Decentralized Mobile Applications Ltd', after a successful crowdsale brought in $600,000 USD from the sale of Gemz, a crypto-token issued on the Bitcoin block chain via the Counterparty protocol. The Gemz token will be the sole method of payment for opt-in advertising through the....
Bitcoin’s underlying blockchain technology is a cause of many amazing technological breakthroughs, most of which we have yet to discover. But while the search for the “next big thing” is underway, several companies have tried their hand at combining Bitcoin and social messaging. However, most of these platforms are built on top of pre-existing platforms.....
Name of product: GetGems. What it is: Mobile messaging app with built-in, bitcoin-based incentivization token. Made by: GetGems. Who's behind it: Israeli developer Daniel Peled, with $400,000 in strategic investment from Magma VC and $780,000 raised in its initial crowdsale. Cost: Free to download. Date launched: 29th April 2015. Basic summary: GetGems is a decentralized social messaging app built on open-source software provided by popular encrypted messenger Telegram. The app allows users to send and receive both bitcoin (BTC) and its native digital token, GEMZ. Billed as "the first....
Facebook announced that its Messenger users will be able to pay chat bots directly from the app, without having to launch third-party websites. US-based Messenger users can already send payments to each other within the app. Until now, however, it wasn’t available for making purchases from online stores. Facebook’s head of Messenger David Marcus....
Gems, the social messaging app with a built-in Bitcoin wallet, announced today that it has raised $400,000 from venture capitalist Magma Venture Partners. Gems is a new social messenger service that includes Bitcoin wallet and rewards its users for the use of the messaging service, thanks to its own altcoin named GEMZ. Users can then transfer these GEMZ to other messaging users or withdraw them. Also read: GEMS Cryptocurrency Social network to Utilize Telegram Messaging App for Android. A non-tech-savvy approach of bitcoin. MagmaVC, who previously invested in the famous Israeli startup....