The 0.5 % goes to Daniel and his fellows.
Daniel is the ceo of GetGems and his 'fellows' are the iOS developer, Android developer, backend and graphics designers. The 0.5% is called a fee, you pay a fee in exchange for services. It's how a company makes money to run a business, offer new services and for its staff to make a living, even Bitcoin has fees. This is a far reaching project not just the average altcoin.
If you are looking for a serious project then i would stay away from one where its devs can't earn money from it because that is a lack of users adoption and interest, having no funds for development is a fail.
I think you just missed my point. You are so excited about the PayKey that you do not see what is really going on. I am a bit worried about the ethical issues here. I am only defending the interests of the community.
The GetGems team collected 800 000 dollars from the community. The point is that the team spent the money to develop PayKey that generates 0.5 % to the team members. In my view, the money should have been used in a way that benefits the community. Obviously, the PayKey generates nothing to the community. The benefits, which are all drawn from the community as well, go directly to Daniel & Fellows. In fact, besides that GetGems team collected the 800 000 dollars in crowdsale, it wants to suck even more money from the community trough transaction fees, you fools. Don’t you understand: PayKey is a side project, a by-product of GetGems, which was developed with the money drawn from the community. That is very unethical, unfair, sad, and disappointing.
I hope the community will react.
Ps. I believe that the PayKey may be a great product. However, it was
produced in a very unethical manner. There is no question about it.
I feel cheated.
I don't think you understand. Paykey gives gems the perfect platform to operate on. Just look at my above post with the comment from yoyoamigo to see how connected the two are. The TL;DR is ads will optionally(?) display in the keyboard, ads will pay gems, advertisers can only get ads in gems. This is a really nice ecosystem imo and if you don't see value in this then gems probably isent for you.
i am part of the community and so, i am gonna 'react'.
Economy SystemFirstly, Yup to omgnaro. PayKey is the Key to the whole GETGEMS Project. But its a useless key if its not part of an Economy System - social market, mobile market, banking and financial services market, etc. PayKey alone, as a keyboard, will not work by itself, without being in an Economy System. It is the EcoSystem that fuels the
(1) Advertisers (2) Users (3) GETGEMS Team. Because when we use it and we don't get anything for using it, nobody wants to use a keyboard with *annoying* ads on it. If i am simply going to use it to send money to another user, i can easily find an alternative (another app) for that purpose. This EcoSystem...the 3 mentioned above each plays an important role:
The GEMZ Flow(1) Advertisers will flock in to show their Ads to us users, to only show to interested people only. so every GEMZ spent will be 100% worthy of spending. a sum of GEMZ will be paid to us.
(2) We, as
Users, helped Advertisers advertise by making sure the ads come to us, interested parties only! So Fashion for Ladies ads will only go to ladies interested in Fashion. Not to men. So we are getting paid for having done a very simple job and by playing a very simple role - choose what ads you are interested in, search for what ads you are interested in or get asked to view an ad by said brands/companies. Yes...that simple yet the difference it makes for advertisers is game changing.
(3) For every transaction,
GETGEMS TEAM will get 0.5% of it to fund its operations and services: pay employees, elec and water bills, any outsourced jobs like maintainence, office rental, etc. so we get 99.5%.
Contribution to the EcoSystem(1) Advertisers buy GEMZ and show ads of their products, services, etc.
(2) Users direct the ads to themselves without Advertisers directing it to them. We get paid for doing that + expanding the social GEMZ Network and whatever else...
(3) GETGEMS Team provides this wonderful technology, platform, space and services, for us and them, for everyone, to make all these possible. they take a cut (0.5%) from each transaction.
someone send you money using Paypal, you can get less than 90% and Paypal can get more than 10%. You are not even earning. you get less than 100%. For receiving money, your total net worth in Paypal is >-10% (loss) while in GETGEMS its -0.5% (loss). GETGEMS is 20 times better. OH WAIT! that's sending money. You can't earn in Paypal. But you can in GETGEMS. So when getting GEMZ, total net worth is +99.5% (profit).
Money Mis-spent, Misuse, Misinvested...Now, reading several pages back from this page onwards of this thread, there appears to be some kind of misunderstanding of how the Early Buyers Funds are being misused or misinvested or whatever you want to call it. Firstly, i don't think Daniel and his GETGEMS Team are stupid enough to completely separate PayKey and GETGEMS, to the point whereby we can throw out GETGEMS out of this world.
Even if PayKey ends up being a standalone app in which we can download it without downloading GETGEMS, i foresee that the GETGEMS app will still be required to enjoy the full benefits of PayKey, logically speaking. And if that is really the case, the PayKey may ask the user to download the GETGEMS app in order to use certain functions of it. such as to receive GEMZ, to store GEMZ, etc. i highly doubt you can do EVERYTHING in a keyboard app. what? you want to squeeze in primedice, transaction history, QR Code, all the settings, chats tab, store tab, earn tab, etc??? all within half the space of a smartphone screen? And obviously, GETGEMS app will be able to do MORE in the future. So yea...you gonna put all those future additions as well into a keyboard app???
No...clearly no. PayKey need GETGEMS App to handle those stuff, to manage, to do more than what a keyboard can do. the keyboard, PayKey, will just be one of the critical components of the whole GETGEMS Project. it is not simply a "side" project. It is crucial and the other 2 are crucial as well:
-- Without Attention Economy, the other 2 may probably just survive but will lose out to competitiors.
-- Without GETGEMS App, well...i'm not going to be happy using an All-In-One keyboard app. with no art & design whatsoever, it will be an interface with layers of interface.
-- Without PayKey, it will be what we thought we invested in. but man...it's not market breaking, its not taking the world by storm...its not...slam dunk.
Put the 3 together, you better have some really good words to describe it.
Anyway, our funds aren't the only concern here. What about Magma VC's $400k funds? Or CitiBank's if there's any? Never mind the $250k from Buffalo since they won it. How about let's not talk about funds. there are also resources provided by whoever is supporting this GETGEMS Project, services like guidance and advises offered, time and manpower contributed by certain people of high status, etc. How are they all being spent?
Let's not forget that we funded the project to be developed, not its operations. GETGEMS needs to be financed in order to run. Nothing runs free forever (not even mmorpg) only unless you are freaking rich that will lasts for decades or being sponsored by a rich somebody for decades. Transaction fees are nothing...for what we are getting. did you thought of what you are going to get? Yoyo! the GEMZ you fool:
- the daily free GEMZ
- the friend invitation GEMZ
- the airdrop GEMZ
- the Early Buyers Presale Perk GEMZ
- the Ads GEMZ
- who knows what else...(from the Attention Economy)
Conclusioni think you are being very unfair towards Daniel and the GETGEMS Team. produced in an unethical manner? feel cheated? don't blind yourself. you see that you are getting less when you are actually getting more. you don't like more? getting more makes you feel being cheated? Look at Facebook. If you were an early investor of Facebook, what you are saying is like - you feel cheated because you didn't know Facebook was going to make a Facebook Messenger App that allows users to send money and the App is where all the money is being invested in. not Facebook.com.
Your sense of reasoning is...well...worthy to take note of in the very least but seriously, very poorly timed and absolutely no proofs to back your claims and statements. You want to say this...come back when GETGEMS App suddenly has less downloads than PayKey downloads (only if PayKey is a standalone app).
Tell me which altcoin does this??? which social messaging app does this???
which KEYBOARD does this.......!? Does your Keyboard even pay you!? (my bad for the harsh joke)
My react...is done.
