Bitcoin Messaging App Gems Raises $400,000 from Magma Venture Partners

Bitcoin Messaging App Gems Raises $400,000 from Magma Venture Partners

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....


Related News

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....

Social Messaging App Gems Raises Over $450k In Less Than One Week

December 8 — Social messaging app Gems is having a token pre-sale on Koinify, and in less than one week has raised $450k worth of bitcoin. A total of 50% of the total GEMZ supply is available for pre-sale, and 42.5% of those have been sold in the first seven days of the crowdsale. GEMZ is a Counterparty issued asset or token, and funds are going to a 2-of-3 Coinbase multisig wallet. The three key holders are Gems Founder Daniel Peled, Counterparty Chief Scientist Adam Krellenstein, and Koinify Corp. In an earlier interview Gems told Bitconist,; “Gems is a Social Messenger integrated with....

Gems Social Messaging App Raises 2000 Bitcoins

Gems, a Bitcoin friendly social messaging app, has hit a major milestone in its funding - raising 2000 bitcoins from its crypto-token crowdsale. The aim of Gems is to create a social network and messaging app which rewards users for the contributions which they make to the network - whether its introducing their friends to the site or agreeing to view opt in advertising messages. Users get these rewards in the form of a Gems token distributed using the Counterparty protocol and therefore secured by the Bitcoin block chain and its many miners. Advertisers wishing to share their corporate....

Gems: Exclusive Interview

Originally covered here, Gems is like any other social messenger app, except with a twist. Integrated with Gems is a wallet, that users automatically get. Also Gems is encrypted, ensuring better privacy just like using cryptocurrency for your financial transactions. A: Gems is a Social Messenger integrated with next generation bitcoin technology. Gems offers a WhatsApp style mobile experience with fully encrypted and private messaging, and a built in wallet. Our new introductory video is now live and gives an simple overview of how Gems works: http://vimeo.com/106725097 A: The gems....

Gems Crowdsale Raises Over $111k for Crypto Social Messaging Service

Gems, the recently announced bitcoin-powered, decentralized social network, ended the invite-only portion of its public crowdsale today, raising roughly $111,000 over the two-week period. The Gems presale is the first crowdsale to be held on Koinify, the decentralized application development platform that raised $1m from investors including IDG Capital Partners, Brock Pierce's AngelList syndicate and zPark Ventures in September. As such, the crowdsale, which has now opened to the public, is being billed as one of the best supported effort by the bitcoin community to launch a viable....

Quotes

At first, I only saw the negative headlines about Bitcoin and thought it was some sort of unserious speculation bubble. Then I read up on it and understood that it has the potential to change the world. And when I realized I could order pizza and pay in Bitcoin, then I was all for it!

Mathias Sundin, Deputy mayor of Norrköping in Eastern Sweden, a member of Swedish Parliament