Topic: [ANN][GEMZ] GetGems - Social Messaging App That Pays - Live on Android, iOS, Web - page 277. (Read 597190 times)

Gems + btc from Public Sell will fund the network R&D and operation costs.

counterparty and bittrex devs are working together to get xcp and counterparty assets listed. (https://bitcointalksearch.org/topic/m.8469632)

It's also worth to note that Bter and Poloniex (that all ready support Counterparty based coins) have hundreds of btc volume every day.

Real men don't worry about colors and design, they only look at functionality

I dont like the colours, is homo
blue, green... are better

Bittrex doesn't add mastercoin/Counterparty based coin. It will slowly die since most exchange will not add it.

I would suggest BTER. It's a solid exchage and it currently trades XCP and NXT assets. You can request them to burn the remaining coins, too.

   very nice idea and active dev

Great to see innovation!
Definitely watching!
Can't wait for the public sell. 

watch this now.

Info about the "The Invitation System", "Active Users", "Daily airdrop" and "Contribution Score" will be explained in the White Paper.

My name is Daniel Peled.

I live in Israel, Tel Aviv. Graduate of the combined program in Law (LLB), Law and Technology (LLM) and Economics (BA) at the University of Haifa. As you can you see my role is more on the "economics" and "legal" side.

The other two team member also live in Tel Aviv, they prefer to stay anonymous at this point. I can assure you they are very capable developers that Co-founded technology startups in the past. They specialize in Mobile, Software Development, Programming, System Architecture, Computer Networks, Front-End Development and Security.

All three of us are fascinated with bitcoin and blockchain technology for a long time and want to make our "mark" in this innovative field. We started working on Gems in March 2014 and really think it can be a game changer in making bitcoin and crypto currency more simply accessible to the masses and to be the first project to successfully take blockchain technology and its advantages to the social network world.  

The core security model of Gems is based on Counterparty. Since Counterparty is secure by nature, every action performed on a gems wallet conforms to the guidelines established by Counterparty and the bitcoin blockchain.

Another layer of security is enforced by locking a Gems account to a specific single mobile device. If you want to transfer your account to a different mobile device (after buying a new iPhone for example), you will be required to input your secure passphrase. If your mobile device gets stolen, you can use your secure passphrase to disconnect your Gems account from the device by remote - making Gems inaccessible to the thief.

This is true for now. But I know that the counterparty and bittrex devs are working together to get xcp and counterparty assets listed. (https://bitcointalksearch.org/topic/m.8469632)

The Gems app assumes zero trust and even protects user data from the Gems cloud servers themselves. Every secure outgoing message is encrypted with a key unknown to the server, making the message recipient the only one who can decrypt it. This privacy model has become popular lately and adopted by other secure instant messengers like Telegram to prevent any possibility of eavesdropping by rumored government agencies.

The Gems network operates very similarly to other messaging apps such as WhatsApp. The system relies on a client mobile app (for platforms such as iOS and Android) which is used for sending and receiving the messages.

All currency related operations, such as rewarding gems in the airdrop, are based on Counterparty and bitcoin blockchain. The messaging system does not rely on the same mechanism and uses a proprietary real-time data protocol which is better suited for fast paced high scale communications.

Once a user chooses to send an outgoing message, the client mobile app encrypts the message and sends it to the Gems cloud service. The reliance on a cloud server infrastructure allows Gems to scale easily and support a massive amount of concurrent users. The more concurrent users the network will have, the more servers will be required to cater them. Since the server architecture is completely distributed, new servers can be added and removed from within the cloud according to demand - maintaining a high degree of resource efficiency.

The cloud service stores the message until the recipient has safely received it. This is a requirement because recipients may not be available or have network connectivity when the message was sent. This model does not compromise on privacy because the message is encrypted. The decryption key for secure messages is only found at the recipient mobile app, preventing 3rd parties from eavesdropping to the conversation.

If the recipient is not currently inside the app, they are notified about an incoming message using a mobile push notification. Push notifications are normally delivered in under a second. If the recipient is currently inside the app (such as during an active chat), push notifications are avoided and message delivery is instantaneous between the sender and recipient.

The server costs involved with supporting free messaging are will be funded by money raised during the Public Sell.

We have thought about this for a long time and respect your opinion very much. In the end we think that having a Public Sell is important for Gems success for these reasons:

(1) Development of the Gems app / Maintenance of the growing network / Flagging fraudulent activity / SMS verification during registration / Azure service bus / Marketing / Advertising / Public relations and more have a heavy cost. The competition today to get "heard" and "stand out" is stronger than ever. Take for example
chancecoin its a very innovative project with extremely capable devs but they they don't even have the funds to run a small BTT add campaign to get recognition. Selling perks on the network will only be successful if the network is all ready successful.
 
(2) Public sell helps to build a community with vested interest quickly.

(3) Public sell gives Gems "value" from day one.

(4) I have been "hurt" by scams also so I know how you feel. We will be trust verified by CoinSource, cryptoasian, our public sell escrow and anyone else if needed.

We are working hard to release our "White paper" which will address these issues:

-How is Gems different from social networks like WhatsApp or instant messengers like Telegram and Facebook Chat?
-What is so revolutionary about the Gems model?
-How does Gems make bitcoin more accessible to the masses?
-Does Gems allow users to be completely anonymous?
-Daily airdrop - how does Gems reward users who contribute to the network?
-How does Gems enforce security and privacy?
-Public Sell perks - why should I invest early?
-How does the Public Sell process work?
-How does the system flag fraudulent activity?
-Is it possible to spend gems in the network?
-How does the messaging system work?
-Who owns the network?

If you think there are more issues we should address let us know. In the meanwhile I will try to answer some of the questions and comments from the last few days.

p.s: rwfreshmore and sparta_cuss thank you for taking the time to answer some of the question that have been asked here!

Bittrex doesn't even exchange XCP, the currency of CounterParty. I'm not sure many of you understand what CounterParty is or how it works. GEMS are not a coin with a blockchain.. They are tokens that are managed, issued, exchanged, created through CounterParty which operates in the Bitcoin blockchain. There is no need for a centralized exchange to be involved.

GEMS, the social app is exactly the kind of thing that CounterParty was created for. GEMS should (and probably will) integrate Vennd.io . That way people can directly exchange GEMS to bitcoin or xcp if they wanted right from the GEMS app.

The important thing to understand is this isn't a crypto coin. It's a digital token issued on the bitcoin blockchain using CounterParty. None of this should matter for users of the site.

I would go with a Bittrex hosted ICO ..
You set the price per GEMS in satoshis ..
Bittrex destroys any unsold coins pre launch ..
GEMS listed on Bittrex exchange at launch ..
No need for investors to download "wallets" until after Bittrex launch ..

Triff ..   

I would choose escrow from the community.