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    Author Topic: [ANN][GEMZ] GetGems - Social Messaging App That Pays - Live on Android, iOS, Web  (Read 597210 times)
    Netnox
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    January 01, 2015, 04:25:55 PM
     #1381

    i know this is probably answered somewhere in the thread, but how will the distribution be handled when the sale ends jan 5th. 34 million sold so far, so I take it 16 million will be burnt if this figure stays the same. Will the total supply also drop as a percentage - IE Originally 50% going to presale = 34 million, so will it be also 34 million divided up for airdrop, bonuses etc?

    100 million GEMS is the total currency supply in the GENESIS BLOCK. Eventual supply is achieved as follows: 50 million Gems distributed to stakeholders; 30 million Gems distributed as daily Airdrop rewards during ~3 years after launch; 12 million Gems reserved for bonus block rewards, promotion, marketing, bounties; 8 million Gems + Presale BTC will fund the network R&D and operation costs.

    No the distribution of the remaining 50 million stays the same.



    There was never a 50 million distribution.
    TO be more specific, what bout the Development Team: 8,000,000 GEMZ?Huh

    8 million Gems + Presale BTC will fund the network R&D (research & development) and operation costs. I think this is a more concrete explanation of 'development team' which was stated previously.
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