Well lets say for argument all the token are sold and if we include all the 100m coins then 10,000 means the marketcap is 10,000 BTC straight of the bat. Its not exactly peanuts for an app we can't be sure will succeed.


Yes I know NXTTY is an unfair comparison but its currently trading at 2,000 BTC.

It's not 10 billion, it's 100 million dude, you got some shitty arguments

So you think that the actual market cap is too big ? Again, based on a feeling ?
The NXTTY apps took way too long to develop, is bugged and has no features but sending encrypted messages.
Gems is on time, works great, got ambitious innovative features and just got funded by venture capitalist that previously funded apps like Waze and Onavo.
If a buggy non-working app like NXTTY has a marketcap of 566,227 USD... imagine the potential of Gems...



What is this non sense ?
You can divide anything in smaller units, it doesn't change the value of the whole so what's your point ?
Are you saying that you would like to change the Gems unit ?
Where was you when the devs asked our opinion about the units ?
This was the very first debate :


EDIT :

You're too late mate. This was debated months ago.

they bought it to make money off it

Yes but that makes it scary for late comers like myself. I would wait till it dumps before investing.

I introduced several friends and acquaintances to Gems at the moment. As a student, I notice it works especially well when being at a student party/drinks, when people are already a bit tipsy and you explain a few of them they can earn money with an 'improved version of whatsapp'. As soon as a few download it, more people become curious and also want it.

Another strategy that I want to apply, is to replace all my groupchats from whatsapp, to Gems, by making them all download the App and decide to do the communication through the new groupchat. Unfortunately we will have to wait for the iOS release to be able to do this, since among university students the Apple market share is relatively high.

@ Daniel Peled

I have one more comment: when helping these students to download the App, I noticed that my name was not automatically precompleted in the registration process. Since I was standing next to them, I could supervise and ensure they were filling in my name, but if you invite people over whatsapp and you are not with them at that particular moment, they might skip that step.

I thought it would be pre-completed? Are you guys aware of this possible flaw?

For the rest, congratulations with the funding from Magma VC! You should try to roll this out asap, because it would not surprise me if Facebook and Whatsapp are as we speak already working on similar features for Whatsapp, besides competition from other start-ups.

This process is easy because the inviter’s username is usually prefilled, since it comes attached to the invitation link for downloading the Gems app that users can share with their friends.

Maybe this feature is not running yet, or since it's the first release there might be some bugs. I'll send this to gems twitter account to let them know.

If a crash happens?
lol
letmefudfudfud