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Topic: [ANN][GEMZ] GetGems - Social Messaging App That Pays - Live on Android, iOS, Web - page 185. (Read 597190 times)

legendary
Activity: 1106
Merit: 1000
Wouldn't there be conflict of interest between GEMZ holders and Magma in future?  
How so? Magma gets an ownership stake in the Getgems company, which will get revenue from a cut of the advertisisng on the Gems network. At least presumably, the company won't pull in a lot of revenue unless GEMZ are bought by advertisers to advertise on the network. Advertisers have to buy GEMZ to advertise anything on the network.
What possible conflict of interest do you see?

Ventures company like Magma are not interested into revenues or dividends but by the potential resell value of their part to much bigger company like Google and Facebook.




I really hope Daniel and his team never sell to a Google or FB however much money is offered to them.
legendary
Activity: 2156
Merit: 1131
Wouldn't there be conflict of interest between GEMZ holders and Magma in future?  
How so? Magma gets an ownership stake in the Getgems company, which will get revenue from a cut of the advertisisng on the Gems network. At least presumably, the company won't pull in a lot of revenue unless GEMZ are bought by advertisers to advertise on the network. Advertisers have to buy GEMZ to advertise anything on the network.
What possible conflict of interest do you see?

Ventures company like Magma are not interested into revenues or dividends but by the potential resell value of their part to much bigger company like Google and Facebook.

legendary
Activity: 1106
Merit: 1000
I feel GEMS is nothing but a another Chinese scam .


The birth of a new born sockpuppet is beautiful thing.
newbie
Activity: 31
Merit: 0
I feel GEMS is nothing but a another Chinese scam .
legendary
Activity: 1106
Merit: 1000
Read the OP/Q&A/Watch some of the youtube videos before asking questions people..
hero member
Activity: 714
Merit: 503
Now that we have the app I'd like to know how is the referral system going to be for the users who bought in the presale
newbie
Activity: 8
Merit: 0
Wouldn't there be conflict of interest between GEMZ holders and Magma in future?  

How so? Magma gets an ownership stake in the Getgems company, which will get revenue from a cut of the advertisisng on the Gems network. At least presumably, the company won't pull in a lot of revenue unless GEMZ are bought by advertisers to advertise on the network. Advertisers have to buy GEMZ to advertise anything on the network.

What possible conflict of interest do you see?

For example, from GEMZ holders point of view, would'nt we want to see multiple advertising platforms to compete each other, not only advertising platform but also any future platforms like music, video distribution, etc, no? GEMS was supposed to be open sourced and decentralized, right? I know the future is not crystal clear but don't we want to know that the latest business model GEMS proposed to Magma?
newbie
Activity: 31
Merit: 0
I've tried the app,so many bugs in it  Sad Sad
Is this buggy app really worth 400 USD ??
legendary
Activity: 924
Merit: 1000
Wouldn't there be conflict of interest between GEMZ holders and Magma in future?  

How so? Magma gets an ownership stake in the Getgems company, which will get revenue from a cut of the advertisisng on the Gems network. At least presumably, the company won't pull in a lot of revenue unless GEMZ are bought by advertisers to advertise on the network. Advertisers have to buy GEMZ to advertise anything on the network.

What possible conflict of interest do you see?
newbie
Activity: 42
Merit: 0
any plans to create a Windows Phone version?
newbie
Activity: 8
Merit: 0
I presume Magma VC's investment of 400K into GEMS was being negotiated before and it was intentionally announced a few days before ICO closure to boost the final sales. What is the business model GEMS proposed to Magma VC? Why didn't Magma buy GEMZ coins instead of equity shares in GEMS project? Wouldn't there be conflict of interest between GEMZ holders and Magma in future?  
sr. member
Activity: 364
Merit: 250
sr. member
Activity: 392
Merit: 250
legendary
Activity: 1279
Merit: 1018
Koinify Update 1/12/15:

In recent developments and user feedback, we have decided to enable instant withdrawals from your Koinify wallet. With many of our users now using 2-factor authentication, increasing security, many of our users wanted to expedite their withdrawals. All withdraw requests should be immediately processed from here on out, aside from the block confirmation times (10-15 minutes on average).

Please do note that each token withdrawal costs Bitcoin transaction fees, which Koinify subsidizes for up to 20 transactions. If you use up your free quota, you will need to send BTC to your Koinify wallet to cover the transaction fees.

Thanks and feel free to prompt us with any questions, comments, or concerns!

Withdrawal pending for 4 hours now ??

Withdrawals are automated, there should be no delay. Please email us at [email protected] so we can document it and we'll proceed to resolve that for you ASAP.

Just checked and it has arrived, but it did take a number of hours for some reason. alls good
sr. member
Activity: 364
Merit: 250
Koinify Update 1/12/15:

In recent developments and user feedback, we have decided to enable instant withdrawals from your Koinify wallet. With many of our users now using 2-factor authentication, increasing security, many of our users wanted to expedite their withdrawals. All withdraw requests should be immediately processed from here on out, aside from the block confirmation times (10-15 minutes on average).

Please do note that each token withdrawal costs Bitcoin transaction fees, which Koinify subsidizes for up to 20 transactions. If you use up your free quota, you will need to send BTC to your Koinify wallet to cover the transaction fees.

Thanks and feel free to prompt us with any questions, comments, or concerns!

Withdrawal pending for 4 hours now ??

Withdrawals are automated, there should be no delay. Please email us at [email protected] so we can document it and we'll proceed to resolve that for you ASAP.
legendary
Activity: 1279
Merit: 1018
Koinify Update 1/12/15:

In recent developments and user feedback, we have decided to enable instant withdrawals from your Koinify wallet. With many of our users now using 2-factor authentication, increasing security, many of our users wanted to expedite their withdrawals. All withdraw requests should be immediately processed from here on out, aside from the block confirmation times (10-15 minutes on average).

Please do note that each token withdrawal costs Bitcoin transaction fees, which Koinify subsidizes for up to 20 transactions. If you use up your free quota, you will need to send BTC to your Koinify wallet to cover the transaction fees.

Thanks and feel free to prompt us with any questions, comments, or concerns!

Withdrawal pending for 4 hours now ??
sr. member
Activity: 322
Merit: 250
How much was the ico price? Thanks.

Started from 15000 Gemz, ended to 10000 Gemz for 1 BTC
Thank you!
hero member
Activity: 700
Merit: 500
★ IT's Party Time! ★
How much was the ico price? Thanks.

Started from 15000 Gemz, ended to 10000 Gemz for 1 BTC
sr. member
Activity: 322
Merit: 250
How much was the ico price? Thanks.
legendary
Activity: 1834
Merit: 1006
What is the projected price Gemz in the coming weeks ?
The current is rather ridiculously low ....
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