100% IPO, no POW? When launch? If POW, what algo?
100% IPO, no POW? - 10000 million (10 billion) GEMS is the total currency supply in the GENESIS BLOCK . Eventual supply is achieved as follows: 4,500 million Gems distributed to stakeholders; 4,500 million Gems distributed as daily Airdrop rewards during ~5 years after launch; 500 million Gems reserved for bonus block rewards, promotion, marketing, bounties; 500 million Gems + IPOs will fund the network R&D and operation costs.
When launch? - Public sell will start in September.
what algo? - The gems currency is powered by Counterparty. Every GEMS user automatically gets his own wallet, protected by the passphrase chosen on registration. The social network username is an alias to the gems address, making sending & receiving gems and bitcoins between users as easy as possible.
Thanks for the reply bud........not yet familiar with Counterparty but have heard about it. Sounds interesting. Will keep an eye out......I LOVE it when I see a dev release a coin from their real accounts:-)
trying to find info on this coin so far no details on algo, pos, interest, assets actual total coins and if that Q&A is your idea of a white paper?
the opp says Gems relies on a Public Sell for initial distribution of the supply. The total amount of Gems in existence is 100'000'000 (100M). then this post above says 10 billion, then some where else i saw 32 million, WTF is this? my research has lead to more questions than answers???
"This document is intended to answer questions regarding Gems High-level roadmap."" The Gems app will include an in-app wallet, one feature of which will be the ability to purchase third-party offers directly within the app at the click of a button." and that is it?
*** User phone number. Accounts will to provide real-world identification (a phone number) *** sorry guys good luck with this one