GetGems Messaging App Gets $400k VC Funding
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....
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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....
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....
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.....
An app available on the iTunes store and Google Play offers an integration of a messaging platform and a bitcoin wallet. Called Telegram with GetGems, this social networking app allows users to earn gems in an online store and keep them in a secure bitcoin wallet. Aside from the free unlimited instant messaging, the app distinguishes itself from the rest by allowing users to send and receive bitcoins as well. It connects directly to the bitcoin network, preventing hacking instances or bitcoin theft. Bitcoin Wallet Integration. Having an integrated bitcoin wallet in the app itself makes it....
GetGems has rolled out the punches this week with its latest developments. First introducing Julia the Telegram Bitcoin Bot. Following meeting Julia, the company threw out yet another progressive platform from its team: Group payments, a new feature that allows GetGems users to share Bitcoin or Gems to a group of chat users. The newest build for Android....