https://www.paykey.com/#/teamDaniel doubled the size of his company.
Looking thru social media, it looks like he went on a hiring spree this summer.
But kept it a secret until election day.
Coincidental timing, I'm sure...
interesting ...perhaps he will be reopening the getgemz thread and bringing this new team back to work on this project?
If not why not? where did he get the funds to hire this new team? getgemz ico funds?
PayKey CTO Markovich Offer explained the situation in chat last month:
Getgems' $800k was a reward for "completing" the milestones.
The money was not actually intended for GG's development/operating costs; it was simply a payment for work completed.
The ongoing costs of GG were to be met by revenue from the Attention Economy.
Since the reinterpretation of the AE (ad channel) has proven to be a complete failure, the project cannot pay for itself.
Thus, the project is on life-support.
....
We can summarize the scam quite easily now:
1. Present the funds as a reward.
2. After funding, redefine the conditions to make the reward vastly easier to collect.
3. Keep most of the reward as income, rather then spend it on the project.
4. Move company resources to a different project where the reward is ultimately spent.