According to crowdfunding platform Koinify, Getgems, a blockchain-based social messenger, has achieved its first milestone since the start-up's software token sale.
Koinify decided to release the first funds after assessing the development that the start-up team had completed so far.
"In the last month, the Getgems team has made some great progress on their development end - they've integrated their codebase with Telegram and launched their Android beta application. Getgems Messenger currently stands at 1,000+ downloads, and an amazing 4.6 average star review", the Koinify team and Counterparty co-founder Adam Krellenstein noted in a release.
Koinify released a quarter of the funds, around 658 BTC, to Decentralized Mobile Applications Ltd, the holding company for Getgems Messenger. The funds are to be used exclusively for the messenger's development, marketing and promotion.
