GEMS has been one of the hottest topics among cryptocurrency enthusiasts over the past few weeks, Not just because of the project combining the aspect of social networks with cryptocurrency itself, but also because of their XGEM token pre-sale starting soon. For early bird invitees, that pre-sale has already started on Koinify,
In order to get on the early bird list, all you had to do was sign up for the Koinify newsletter, and you would be whitelisted automatically. Once you have received your invite, simply click the link in the email and log in to your Koinify account.
After you logged in, you click on “Back a project” and voila, you are redirected to the XGEM early bird pre-sale. As of this writing, there are still roughly 14 hours remaining before the public pre-sale opens up, so make sure to get your purchase in there at early bird rates! Do keep in mind that the first 48 hours of the public pre-sale will operate with the same rates as the early bird pre-sale.
As you can see in the following screenshot, nearly 4 million XGEM has been sold already, Judging by these numbers, the pre-sale is going pretty smooth, especially considering it is available to a percentage of the people actually interested in investing in the project.
A lot of people have been wondering who will manage the funds raised during this Koinify pre-sale. Rest assured, as three different people are in control of the funds, which will be stored in a 2-out-of-3 multi-signature wallet secured by Coinbase.
Any and all fund withdrawal requests have to be approved by an independent evaluator, based on whether the target product milestone has been met, and the funds is within the milestone limit. I have taken a screenshot of who will manage the funds, as you can see below :
We will be keeping an eye on the proceedings of the GEMS pre-sale events, and keep our readers informed accordingly.