Over the past few days, I’ve seen a new service called “Gems” appear on my Twitter timeline. As this got me interested in finding out more, we had Serge reach out to the team and conduct a small interview. What is Gems and why should you be interested? You can find out the details below.
Serge: Tell me about Gems. Is Gems another Altcoin?
Daniel Peled: Gems is very different from the altcoins we see today. To start, Gems is a Social Messenger integrated with next generation bitcoin technology. Gems offers a WhatsApp style mobile experience with fully encrypted and private messaging, and a built in wallet.
Additionally Gems introduces an innovative reward mechanism which benefits its users rather than charging them. Anyone using the Gems application receives Gems tokens for inviting their friends, utilizing the network, and helping to build the ecosystem. Gems tokens serve as the in-app currency which, for example, are paid directly to the users by advertisers.
It is our belief that users bring value to a social network and they should be rewarded accordingly. We specifically designed Gems to give users full control over their data and the opportunity to profit from being a part of our success.
Gems also helps introduce cryptocurrency to the masses in a profitable, fun and easy way to understand. Our new introductory video is now live and gives an simple overview of how Gems works: http://vimeo.com/106725097
Serge: Why would users switch from Whatsapp to Gems?
Daniel Peled: Due to the recent incidents where private information was leaked, technology users are much more concerned about the security of their data. WhatsApp does not encrypt its users communications, messages, pictures or videos. In comparison, Gems does not store your data and has no way to access your private messages.
Gems has other key differentiating features that no other messaging app possesses. Everyone knows WhatsApp was just bought by Facebook for $19 billion. WhatsApp has become an extremely valuable company thanks primarily to its users. WhatsApp charges users $1 per year for the app. Gems on the other hand is free and more so, actually pays its users.
They way this works is thanks to our unique in-app currency reward model. Those who wish to advertise on the Gems network will need to purchase Gems tokens in order to do so. They pay those Gems directly to the users to whom they advertise. If users don’t want to receive advertisements they can easily opt-out. This creates a market where users can profit directly from their Gems. This is a brand new sharing economy model and we are the first to bring it to market.
Serge: When will Gems be live and out for the public?
Daniel Peled: Soon we will launch our public beta. Visit http://getgems.org/ and subscribe for updates and developments.
Serge: Is there going to be an ICO or public offering?
Daniel Peled: We are finalizing how the public can get early access. We currently have a promotional giveaway for Gems. We are giving away free t-shirts, and Gems vouchers redeemable when we release our app:
Keep up to date through our bitcointalk thread:
Follow us on twitter: https://twitter.com/getgemsorg
We, Serge Schouterden and Jean-Pierre Buntinx from CryptoArticles, would like to thank Daniel Peled for sitting down with us for this and doing this interview. Stay tuned for more interviews.