Good luck on getting a straight answer to your questions. We went trough all this months ago. The fact is they launched a fund raising ico to develop a messenger app. They raised $1.2million (from us). They also received $400k from MagmaVC at the same time.
They used the money to develop paykey and Gems messenger, but only promoted paykey in their many presentations. MagmaVC will benefit financially if paykey gains traction. The rest of us get to play with a telegram bastard.
Paykey should have been a separate company when the first line of code was written and our $1.2 used exclusively for Gems messenger with its own dedicated team.
The funny thing though is that paykey might flop and gems messenger could have been huge if they had concentrated on the original plan
I think its 800k from the ico and 400 from vc which makes it 1.2
If magma profit financially from paykey so should gems holders too since i cant believe theyve been paying developpers, traveling, living ectt on the vc investment alone which was done during the ico for the getgems app precisely, as you can see in the magma website their 400k was invested in getgems, so that means paykey is part of getgems and we as holders should also be rewarded proportionally to our holdings or at least some % of the paykey profit should go toward gens with proofs.
So basically if vc invested in the paykey idea , this idea was sold being part of the getgems company or it wouldnt show up in their portfolio as getgems. Or vc really invested in the idea of getgems messenger and daniel is using all the money to develop 2 apps from the same company, both suposed to reward actual holders.
I think it could be good right now that daniel jumps in this forum and make a clear statement. Silence isnt doing good and if my above statement is not how things are then I cant blame anyone with the feeling of have being scammed by investing into gems coin.
I always believed paykey was an asset of getgems along with the messenger and we holders were going to be rewarded from both. But if Daniel doesnt acknowledge this fact as it should be im seriously disapointed. I guess all we can do is wait to find out.