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....
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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....
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, 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....
A new social messaging app is aiming to disrupt the established social media business model through the power of crypto 2.0 technology. If big social media companies make money by monetizing data, the Gem project asks, shouldn't users also profit from the service? Launching today at Inside Bitcoins Tel Aviv, Gems is seeking to uncover whether consumers can be compelled to change the way they view their relationship with social media, and in the process, embrace cryptocurrency. Though lofty in its ideals, lead developer Daniel Peled told CoinDesk that users should find the Gems social....
Gems wants to disrupt social networking like Bitcoin revolutionized the definition of currency. Gems is a forthcoming social platform that wants to become the "Bitcoin of social networks." Gems plans to achieve this revolution by distributing advertising revenue to users rather than centralized corporations. Moreover, Gems offers users the ability to encrypt their messages to ensure they remain private. Gems launched its cryptocurrency crowdsale on December 1. Also read: Nxtty Releases Encrypted Messaging App for Android Phones. Gems Presale Launches with Goal of Taking Crypto Mainstream.....