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Gems Raises US$425K for Bitcoin-Powered Messaging Network in 4 Day Crowdsale

Gems‘ crowd sale of tokens for its social messaging network has raised approximately 1,125 BTC (approximately US$425,000) in four days on Koinify.

Gems is a decentralized, encrypted social messaging app that is integrated with bitcoin technology through the Counterparty protocol.

Gems is also the first crowdsale project of decentralized application development platform Koinify.

Over 22 million GEMZ tokens have been sold in the crowdsale. Currently the rate is 1 BTC = 15,000 GEMZ for two more days, when it will drop to 1 BTC = 14,000.


This is the latest announcement from the Gems team.

We are ecstatic to announce that the Gems token sale has brought in 1,125 BTC (~$425,000) in the first 96 hours! We have received an amazing amount of support from the community, and we couldn’t have asked for a better way start to the sale.

We have had Daniel Peled of the Gems team in the office with us for the past week, working alongside us for the token launch. Daniel and Dario from Koinify were both featured in an episode of Bitcoin News Weekly Podcast [See below]

Just a friendly reminder that the current rate for GEMZ is 15,000 GEMZ per BTC, and will be dropping to 14,000 GEMZ per BTC in 48 hours. The rate will continue to drop 1,000 GEMZ per 5 days, to make sure to get in at the most favorable rate that you can.

Within Gems social media network, messaging is free between friends but sending unsolicited content or advertisements requires Gems (or GEMZ). Users are rewarded with GEMZ by sharing the network with others, being very active in the network, opting in for sponsored messages, and other activities.

Founder Peled was interviewed recently on BitcoinNewsWeekly. The podcast is here:

Journalist, policy analyst, and evangelist of new, disruptive technologies including big data analytics, Internet of Things, and cryptocurrencies. Internet industry veteran with regional c-suite experience, and journalist credentials earned at, Internet World magazine, and Mecklermedia Corporation.
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