Topic: [ANN][GEMZ] GetGems - Social Messaging App That Pays - Live on Android, iOS, Web - page 71. (Read 597186 times)

Devs are having lots of work with introduction gems/paykey around the world.

See the latest development update, they are going to compete at the regional finals of ubs finance challenge tomorrow representing GetGems. An ama is probabaly after that.

They are planning on setting up an AMA session on zapchain. 


-tb-

All this speculation about gemz/paykey... Why dont the Devs respond?

I agree, buying/selling directly from the app against fiat would be a great feature... after all, it's a wallet. That might violate the in app purchase rules in iOS though... I'm not sure. SB fine in Android app.

I do agree that btc pairing is ruining other projects upside price movement, btc goes up alts go down, btc goes down alts go down. I hope the majority of trades happen through gemz/fiat outside of an exchange. Hopefully GG with the connections they have in the financial industry they introduce a way for users to buy Gems with fiat without going to an exchange, preferably from the app.

i just realized...they can't read. So its alright.  no amount of explanation will help. in the end, they will get left behind once it hits mainstream, by then, its probably too late for them

Any success of Paykey will feed into the getgems token AND app, I don't see why that is hard to understand?

Plus the Getgems app is pretty much finished....of course it will keep developing but I mean apart from the advertising/attention model which has already been discussed as not much point until the app reaches a much larger user base.


Put simply its all good.....why the worry and moaning from this thread all of a sudden....especially when the app really is starting to work great.

I hope Paykey will not steal the attention over getgems since this was the initial project which is still in beta phase and not even promoted yet.

Is daniel introducing getgems when he introduces paykey to the bigcrowds? starting to feel like getgems is about to become their number 2 priority.

From the update: "We are very exciting to be creating the GetGems Desktop Client and anticipating its release before the end of November."

btw guys we have created a Marketing/PR group within GetGems, if anyone wants to join send me your username i'll add you.

The thing is, it's not up to anyone to decide what people trade Gemz against. The market will do what the market will do. Sure, if there is a Gems market in in GetGems app that is strictly Fiat/GEMS that's fine. But, that won't keep exchanges from pairing it with BTC.

What you usually see is the pairing with the most liquidity/activity usually sets the price. So, if you want Fiat/GEMS parings you should get with your favorite exchange, request the pairing and only trade that pair. But, good luck with that.

desktop gemz app? any news about this?

BTC pairing is affecting almost all alts atmo. In previous bitcoin rallies in the past, most Alts would gain alongside it. This time however, people dumped Alts for bitcoin and when bitcoin dived, they converted to fiat mainly which led to a further loss for Alts. So a gemz/fiat option would be ideal in the long run.

There is no doubt about GetGems being one of the most groundbraking Crypto related projects in the making, but there is one very importent thing that is holding up Gemz real potential to increase its price big time.

And that is pairing Gemz with BTC, pairing with bitcoin isn't beneficial to Gemz at all. It's too volatile and when bitcoins price goes up people sell to ride bitcoin and when its price goes down it drags other projects down with it so to me it's a lose lose scenario. Even when in gemz case the project is doing very well its price still depends on bitcoin volatility, this ruins some great efforts imo. It just holds up a projects price like Gemz from growing.

Now what can we do about this issue, other alts can't do anything because if they would only be paired with fiat not many would buy because they have no community outside crypto. Since GetGems userbase eventually will exist 90% outside Crypto they would prefer to buy Gemz with fiat anyway.

Imo Gemz should be just like bitcoin where the majority is trading it with fiat, once the attention economy gets implemented i say we should ditch BTC pairing, it really is holding down some potential in GetGems marketcap. Lets say Bitcoin crashes to 50, this would screw up Gemz price aswell. Put Gemz pairing only against fiat i will bet the Gemz price will appreciate much more.

Nice post yoyo and I totally agree with your assessment on the economy system.

Since we're all throwing our hat into the ring, I'll just echo what others have said here. I think it's important to note that a small group of people are working their asses off to fulfill a promise to investors, which is unlike most of the terrible coins out there. They're here a year later, pumping out updates and implementing features, while most of us just wait for news. You act as though they owe you every idea they ever think of because you've thrown a few dollars at one of their ideas. You funded one idea; that's it. There was no mention of ownership of the company in the ANN that I'm aware of.

PayKey directly and indirectly benefits GetGems, and without it, we would have Gemz, plus GG Messenger, plus a desktop application. And all of that would be enough to make me incredibly excited. But if PayKey goes mainstream, then Gemz will definitely go up in value.

i am part of the community and so, i am gonna 'react'.

Economy System
Firstly, Yup to omgnaro. PayKey is the Key to the whole GETGEMS Project. But its a useless key if its not part of an Economy System - social market, mobile market, banking and financial services market, etc. PayKey alone, as a keyboard, will not work by itself, without being in an Economy System. It is the EcoSystem that fuels the (1) Advertisers (2) Users (3) GETGEMS Team. Because when we use it and we don't get anything for using it, nobody wants to use a keyboard with *annoying* ads on it. If i am simply going to use it to send money to another user, i can easily find an alternative (another app) for that purpose. This EcoSystem...the 3 mentioned above each plays an important role:

The GEMZ Flow
(1) Advertisers will flock in to show their Ads to us users, to only show to interested people only. so every GEMZ spent will be 100% worthy of spending. a sum of GEMZ will be paid to us.
(2) We, as Users, helped Advertisers advertise by making sure the ads come to us, interested parties only! So Fashion for Ladies ads will only go to ladies interested in Fashion. Not to men. So we are getting paid for having done a very simple job and by playing a very simple role - choose what ads you are interested in, search for what ads you are interested in or get asked to view an ad by said brands/companies. Yes...that simple yet the difference it makes for advertisers is game changing.
(3) For every transaction, GETGEMS TEAM will get 0.5% of it to fund its operations and services: pay employees, elec and water bills, any outsourced jobs like maintainence, office rental, etc. so we get 99.5%.

Contribution to the EcoSystem
(1) Advertisers buy GEMZ and show ads of their products, services, etc.
(2) Users direct the ads to themselves without Advertisers directing it to them. We get paid for doing that + expanding the social GEMZ Network and whatever else...
(3) GETGEMS Team provides this wonderful technology, platform, space and services, for us and them, for everyone, to make all these possible. they take a cut (0.5%) from each transaction.

someone send you money using Paypal, you can get less than 90% and Paypal can get more than 10%. You are not even earning. you get less than 100%. For receiving money, your total net worth in Paypal is >-10% (loss) while in GETGEMS its -0.5% (loss). GETGEMS is 20 times better. OH WAIT! that's sending money. You can't earn in Paypal. But you can in GETGEMS. So when getting GEMZ, total net worth is +99.5% (profit).

Money Mis-spent, Misuse, Misinvested...
Now, reading several pages back from this page onwards of this thread, there appears to be some kind of misunderstanding of how the Early Buyers Funds are being misused or misinvested or whatever you want to call it. Firstly, i don't think Daniel and his GETGEMS Team are stupid enough to completely separate PayKey and GETGEMS, to the point whereby we can throw out GETGEMS out of this world.

Even if PayKey ends up being a standalone app in which we can download it without downloading GETGEMS, i foresee that the GETGEMS app will still be required to enjoy the full benefits of PayKey, logically speaking. And if that is really the case, the PayKey may ask the user to download the GETGEMS app in order to use certain functions of it. such as to receive GEMZ, to store GEMZ, etc. i highly doubt you can do EVERYTHING in a keyboard app. what? you want to squeeze in primedice, transaction history, QR Code, all the settings, chats tab, store tab, earn tab, etc??? all within half the space of a smartphone screen? And obviously, GETGEMS app will be able to do MORE in the future. So yea...you gonna put all those future additions as well into a keyboard app???

No...clearly no. PayKey need GETGEMS App to handle those stuff, to manage, to do more than what a keyboard can do. the keyboard, PayKey, will just be one of the critical components of the whole GETGEMS Project. it is not simply a "side" project. It is crucial and the other 2 are crucial as well:
-- Without Attention Economy, the other 2 may probably just survive but will lose out to competitiors.
-- Without GETGEMS App, well...i'm not going to be happy using an All-In-One keyboard app. with no art & design whatsoever, it will be an interface with layers of interface.
-- Without PayKey, it will be what we thought we invested in. but man...it's not market breaking, its not taking the world by storm...its not...slam dunk.

Put the 3 together, you better have some really good words to describe it.

Anyway, our funds aren't the only concern here. What about Magma VC's $400k funds? Or CitiBank's if there's any? Never mind the $250k from Buffalo since they won it. How about let's not talk about funds. there are also resources provided by whoever is supporting this GETGEMS Project, services like guidance and advises offered, time and manpower contributed by certain people of high status, etc. How are they all being spent?

Let's not forget that we funded the project to be developed, not its operations. GETGEMS needs to be financed in order to run. Nothing runs free forever (not even mmorpg) only unless you are freaking rich that will lasts for decades or being sponsored by a rich somebody for decades. Transaction fees are nothing...for what we are getting. did you thought of what you are going to get? Yoyo! the GEMZ you fool:

- the daily free GEMZ
- the friend invitation GEMZ
- the airdrop GEMZ
- the Early Buyers Presale Perk GEMZ
- the Ads GEMZ
- who knows what else...(from the Attention Economy)

Conclusion
i think you are being very unfair towards Daniel and the GETGEMS Team. produced in an unethical manner? feel cheated? don't blind yourself. you see that you are getting less when you are actually getting more. you don't like more? getting more makes you feel being cheated? Look at Facebook. If you were an early investor of Facebook, what you are saying is like - you feel cheated because you didn't know Facebook was going to make a Facebook Messenger App that allows users to send money and the App is where all the money is being invested in. not Facebook.com.

Your sense of reasoning is...well...worthy to take note of in the very least but seriously, very poorly timed and absolutely no proofs to back your claims and statements. You want to say this...come back when GETGEMS App suddenly has less downloads than PayKey downloads (only if PayKey is a standalone app).

Tell me which altcoin does this??? which social messaging app does this???
which KEYBOARD does this.......!? Does your Keyboard even pay you!? (my bad for the harsh joke)

My react...is done.

While we don't get much overt FUD I'm sure kj15 is trying his best to do a subtle 'oh this isn't ethical' form of it.



As someone who followed this project for the start it's 100% BS and so personally I would say don't bother answering them, they aren't trying to understand, as answers have been given. This project has been above board, devs names have been public, everything is what it is with full transparency.


And hey if they keep on then enjoy it and get the cheap coins cause once a few million download Paykey no FUD in the world will matter.

Nail meet head. this is exactly what I have been saying from the start with Getgems. The whole point is this project goes outside the crypto scene which for alts is tiny, even Bitcoin is pretty small. Maybe it's cause I did a year of pre college level economics (which I hated) where you study tons of Price/Supply/Demand graphs, you get to understand why something has value and how the factors interact, ie economics 101. So I think the crypto community does have some role is validating a coin before it moves wider but actually getgems leap frogs this mainly straight to newbie users of crypto. So just using an example, coins like say NXT could be the most awesome coin in the world but if it only gets used by 10,000 alts coin hoarders it will never ever grow into a billion dollar marketcap. Why do you think we don't get much fUD here?


All getgems have to focus on it the user friendliness of the app and decreasing 'friction' for new users (which they are) Daniel and the team get this 100%. Of course there needs to be a way for users to buy gems, but if we get millions of users then actually that isn't a problem as a third party would step in BUT sure I trust the team is thinking how purchases can be made. But also don't forget you are making a micro economy of gems by giving gems to Getgem users and I expect Paykey users, so they will have gems which they will see have value and can be used to buy something.....and of course the person selling something then recieve gems and then so an economy is formed with demand, supply, price and market dynamics etc. This is even before you mention the attention model which I think the team will still have a focus cause it's actually a massive selling point of paykey and getgems and potential revenue fpr the team and users ie. Advertising.


My only nagging question is if paykey brings in millions of users who become familiar with gems I would love to see a standalone getgems app that was 100% a getgems app, not relying on Telegram. I think it makes clearer the project cause later people will see gems used on all platforms then one hooked up to only Telegram, it muddies the water IMO. And makes everything about getgems and paykey kind of look parasitic being on top of other platforms rather than its own app. A standalone communicates this is THE getgems messenger app....and the paykey is a separate use across all platforms. For now though if it's not broken don't fix it and take advantage of Telegram...but later I hope we don't need them.

You cant really say that paykey is of no benefit to the gemz community as you will be able to transfer gemz/bitcoin through it. Also I presume the advertising space on paykey will follow the getgems model . IE the advertisers pay with gems which are then returned to users who do not turn off the option to view advertising. The 0.5% is for fiat transfers afaik which is fine by me