nextgencoin
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Activity: 1106
Merit: 1000
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September 09, 2015, 04:02:17 AM |
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Do Gemzcoins represent the value/stakes of the Gemz entity/network? For instance, if one day Gemz is sold for $1 billion, how much will the Gemzcoins holders get for holding each Gemzcoin? From what I have read, it seems that Gemzcoins holders won't get anything in the above scenario because Gemzcoins donot represent the value/stakes of the Gemz entity/network. dude if Gemz the app was sold for a billion dollars the coins would be worth a hell of a lot, the coins are what is needed to pay users for using the app. So that would be the last of your concerns. |
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Kuriko
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September 09, 2015, 11:18:15 AM |
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Do Gemzcoins represent the value/stakes of the Gemz entity/network? For instance, if one day Gemz is sold for $1 billion, how much will the Gemzcoins holders get for holding each Gemzcoin? From what I have read, it seems that Gemzcoins holders won't get anything in the above scenario because Gemzcoins donot represent the value/stakes of the Gemz entity/network. dude if Gemz the app was sold for a billion dollars the coins would be worth a hell of a lot, the coins are what is needed to pay users for using the app. So that would be the last of your concerns. Not sure about that, not sure how it would work. I wonder if as GEMZ holders it would make it by default that we own a share of the company. I'd like to have a better answer coming from Peled |
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wikenpp
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September 09, 2015, 11:27:29 AM |
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i make send gems from app to bittrex 12 hours ago and still didnt receive it in my bittrex.
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reRaise
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September 09, 2015, 11:46:52 AM |
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i make send gems from app to bittrex 12 hours ago and still didnt receive it in my bittrex.
Not sure but might be because of the Bitcoin stress test that's going on? Why don't u use poloniex, from my experience it's a better exchange. |
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reRaise
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September 09, 2015, 11:56:05 AM |
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Do Gemzcoins represent the value/stakes of the Gemz entity/network? For instance, if one day Gemz is sold for $1 billion, how much will the Gemzcoins holders get for holding each Gemzcoin? From what I have read, it seems that Gemzcoins holders won't get anything in the above scenario because Gemzcoins donot represent the value/stakes of the Gemz entity/network. dude if Gemz the app was sold for a billion dollars the coins would be worth a hell of a lot, the coins are what is needed to pay users for using the app. So that would be the last of your concerns. Not sure about that, not sure how it would work. I wonder if as GEMZ holders it would make it by default that we own a share of the company. I'd like to have a better answer coming from Peled If GG would be sold for 1B wouldn't that mean that its marketcap would be 1B? I would imagine the Gemz price would rise to that price. But i'm actually not sure if it's the right way for the value of Gemz representing the companies marketcap cus different factors play part. I don't think a companies marketcap is decided by just the value of their product? |
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Netnox
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Activity: 2044
Merit: 1008
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September 09, 2015, 12:12:06 PM |
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Do Gemzcoins represent the value/stakes of the Gemz entity/network? For instance, if one day Gemz is sold for $1 billion, how much will the Gemzcoins holders get for holding each Gemzcoin? From what I have read, it seems that Gemzcoins holders won't get anything in the above scenario because Gemzcoins donot represent the value/stakes of the Gemz entity/network. dude if Gemz the app was sold for a billion dollars the coins would be worth a hell of a lot, the coins are what is needed to pay users for using the app. So that would be the last of your concerns. Not sure about that, not sure how it would work. I wonder if as GEMZ holders it would make it by default that we own a share of the company. I'd like to have a better answer coming from Peled If GG would be sold for 1B wouldn't that mean that its marketcap would be 1B? I would imagine the Gemz price would rise to that price. But i'm actually not sure if it's the right way for the value of Gemz representing the companies marketcap cus different factors play part. I don't think a companies marketcap is decided by just the value of their product? A companies marketcap is represented by its stock price multiplied by the stock (in this case Gemz) held by shareholders. If you have Gemz you are a shareholder of the GetGems company. |
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redbeans2012
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September 09, 2015, 12:48:51 PM |
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i make send gems from app to bittrex 12 hours ago and still didnt receive it in my bittrex.
I believe the team sends them out manually a couple times a day. |
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redbeans2012
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September 09, 2015, 01:17:32 PM |
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Gems are not shares of the company. But if the company is successful they would surely be worth a good bit because of the demand.
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wikenpp
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September 09, 2015, 02:23:27 PM |
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i make send gems from app to bittrex 12 hours ago and still didnt receive it in my bittrex.
Not sure but might be because of the Bitcoin stress test that's going on? Why don't u use poloniex, from my experience it's a better exchange. yes i try send from app to poloniex,and didnt receive too.i think wrong side in gems,not exchanger. i need peled to clear this cases. |
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Netnox
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Activity: 2044
Merit: 1008
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September 09, 2015, 04:08:47 PM |
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Do Gemzcoins represent the value/stakes of the Gemz entity/network? For instance, if one day Gemz is sold for $1 billion, how much will the Gemzcoins holders get for holding each Gemzcoin? From what I have read, it seems that Gemzcoins holders won't get anything in the above scenario because Gemzcoins donot represent the value/stakes of the Gemz entity/network.
dude if Gemz the app was sold for a billion dollars the coins would be worth a hell of a lot, the coins are what is needed to pay users for using the app. So that would be the last of your concerns. Not sure about that, not sure how it would work. I wonder if as GEMZ holders it would make it by default that we own a share of the company. I'd like to have a better answer coming from Peled If GG would be sold for 1B wouldn't that mean that its marketcap would be 1B? I would imagine the Gemz price would rise to that price. But i'm actually not sure if it's the right way for the value of Gemz representing the companies marketcap cus different factors play part. I don't think a companies marketcap is decided by just the value of their product? A companies marketcap is represented by its stock price multiplied by the stock (in this case Gemz) held by shareholders. If you have Gemz you are a shareholder of the GetGems company. I'm not sure if its that simple for GetGems, Gems are a means to buy attention and distribute revenue between users. I see no clause that prevents The GetGems team to change the model, introduce alternative coins or sell the user base to a third party who then changes the model. Best explained by D. Peled I guess but I don't think holding Gems makes you a share holder, it makes you hold a relative share in the revenue as long as the model exists. You got a point there, maybe you can't call them officially shares but you still have some interest, maybe we need a new term for it since this niche is pretty new. |
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Netnox
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Activity: 2044
Merit: 1008
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September 09, 2015, 04:13:14 PM |
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Gems are not shares of the company. But if the company is successful they would surely be worth a good bit because of the demand.
Gems can represent multiple things, some like to use it as shares of the application, some use it as an in-app currency. It's pretty versatile where you can shape it for what purpose you want, but eventually they will be used more as the in-app currency to drive the whole economical network within the app. |
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PilotofBTC
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Activity: 1736
Merit: 1001
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September 09, 2015, 04:37:46 PM |
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Gems are not shares of the company. But if the company is successful they would surely be worth a good bit because of the demand.
Gems can represent multiple things, some like to use it as shares of the application, some use it as an in-app currency. It's pretty versatile where you can shape it for what purpose you want, but eventually they will be used more as the in-app currency to drive the whole economical network within the app. My take, Gems are a private token withing the GemGems eco system/economy. The value of a Gem is based on the value of the network, ie, active users. Gems are not a security that gives you a fractional ownership of the GetGems "entity". Even though GetGems was financed by selling their private token for a fungible currency (Bitcoin) you didn't buy ownership. So, if GetGems is sold to Google for $1B your share would be 0. That is, unless GetGems issues a security (stock/counterpary asset) and your purchased those. |
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ever_3x
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September 09, 2015, 07:44:37 PM |
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i send from application wallet android to polo and bittrex not credit more 1 days  |
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wikenpp
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September 09, 2015, 08:04:49 PM |
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i send from application wallet android to polo and bittrex not credit more 1 days Yes i have same cases with you.i think this app got error when send out gems to exchanger.. |
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Netnox
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Activity: 2044
Merit: 1008
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September 09, 2015, 08:31:28 PM
Last edit: September 09, 2015, 11:09:39 PM by Netnox |
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i send from application wallet android to polo and bittrex not credit more 1 days Yes i have same cases with you.i think this app got error when send out gems to exchanger.. I'm testing it, sending gemz to polo now. Meanwhile i suggest you to send a support ticket to poloniex https://poloniex.freshdesk.com/support/home and press new support ticket on the upper right, they might fix it for you. Update, i received my Gemz at poloniex. |
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ever_3x
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September 09, 2015, 11:21:28 PM |
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i send from application wallet android to polo and bittrex not credit more 1 days Yes i have same cases with you.i think this app got error when send out gems to exchanger.. I'm testing it, sending gemz to polo now. Meanwhile i suggest you to send a support ticket to poloniex https://poloniex.freshdesk.com/support/home and press new support ticket on the upper right, they might fix it for you. Update, i received my Gemz at poloniex. i am try to send tiket to bittrex , but suport just asked me what trx id ?  |
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Netnox
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Activity: 2044
Merit: 1008
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September 09, 2015, 11:45:35 PM |
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i send from application wallet android to polo and bittrex not credit more 1 days Yes i have same cases with you.i think this app got error when send out gems to exchanger.. I'm testing it, sending gemz to polo now. Meanwhile i suggest you to send a support ticket to poloniex https://poloniex.freshdesk.com/support/home and press new support ticket on the upper right, they might fix it for you. Update, i received my Gemz at poloniex. i am try to send tiket to bittrex , but suport just asked me what trx id ? Go to https://blockscan.com/ and past the address you sent the gemz to and you can see the transaction, tap on tx_index of the transaction and you can give them the tx_hash. Tho i don't think the issue is from the app, it's from poloniex side cus people have trouble receiving other coins aswell. |
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ever_3x
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September 10, 2015, 12:13:09 AM |
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i send from application wallet android to polo and bittrex not credit more 1 days Yes i have same cases with you.i think this app got error when send out gems to exchanger.. I'm testing it, sending gemz to polo now. Meanwhile i suggest you to send a support ticket to poloniex https://poloniex.freshdesk.com/support/home and press new support ticket on the upper right, they might fix it for you. Update, i received my Gemz at poloniex. i am try to send tiket to bittrex , but suport just asked me what trx id ? Go to https://blockscan.com/ and past the address you sent the gemz to and you can see the transaction, tap on tx_index of the transaction and you can give them the tx_hash. Tho i don't think the issue is from the app, it's from poloniex side cus people have trouble receiving other coins aswell. i am check blockscan ,but nothing trx , dont appear but my wallet android was send the balance is reduced |
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Tobo
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September 10, 2015, 12:13:29 AM
Last edit: September 10, 2015, 12:51:54 AM by Tobo |
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Do Gemzcoins represent the value/stakes of the Gemz entity/network? For instance, if one day Gemz is sold for $1 billion, how much will the Gemzcoins holders get for holding each Gemzcoin? From what I have read, it seems that Gemzcoins holders won't get anything in the above scenario because Gemzcoins donot represent the value/stakes of the Gemz entity/network. dude if Gemz the app was sold for a billion dollars the coins would be worth a hell of a lot, the coins are what is needed to pay users for using the app. So that would be the last of your concerns. That could be the case only if the Gemzcoin is the only currency. However, Getgems is a dual currencies system and Bitcoin is also the currency in this system and Bitcoin will be the dominate currency in it becasue btc has better liquidity. |
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Tobo
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September 10, 2015, 12:22:27 AM |
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A companies marketcap is represented by its stock price multiplied by the stock (in this case Gemz) held by shareholders. If you have Gemz you are a shareholder of the GetGems company.
This is what I have been wondering. I did not see a clear announcement that Gemzcoins are stock shares of GetGems company. My understanding is Gemzcoins are not stock shares of GetGems. The first round seeding investors got the company stock shares. |
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