GetGems

GetGems

Created using Figma
Created using Figma
A messaging app and a Bitcoin and Gems wallet available as a free download for iOS and Android
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • FatBTC
    GEM/ETH 7 minutes ago
    $ 0.0008
    $ 288.092 K
    -9.02%
    40.29%
  • Gate.io
    GEM/USDT 37 minutes ago
    $ 0.0008
    $ 9.35 K
    -12.74%
    221.74%
  • Gate.io
    GEM/ETH one hour ago
    $ 0.0008
    $ 38.04
    -
    -
  • Idex
    GEM/ETH 16 days ago
    $ 0.0009
    -
    -
    -
  • Newdex
    GEM/EOS one month ago
    $ 0.00000224
    -
    -
    -
  • Token.Store
    GEM/ETH one month ago
    -
    $ 2.72
    -
    -
  • Gate.io
    GEM/USDT 3 months ago
    $ 0.0014
    $ 10.716 K
    -
    -
  • Gate.io
    GEM/ETH 3 months ago
    $ 0.0015
    $ 303.70
    -
    -
  • ForkDelta
    GEM/ETH 5 months ago
    $ 0.0010
    -
    -
    -
  • Letsdocoinz
    GEM/BTC
    -
    -
    -
    -
Nov 30, 2014
Jan 4, 2015
100% completed
$740 500
100% goal completed
past
Token Details
Ticker
GEM
Company Details
Registered Country
India
Additional Details
Categories
Platform, Business services

About GetGems

Gems, a decentralized, open-sourced, human task crowdsourcing protocol built on top of the Ethereum blockchain. Using the Gems Protocol, anyone can tap into the power of scalable micro task workers without needing to worry about task verification, trust, or payments. Gems is designed to disincentivize malicious actors and reward fair players. The Gems Protocol is comprised of a staking mechanism to ensure task completion, a trust mechanism to track worker integrity, and a payment system to reduce transaction fees. The GEM token, a multi-utility token, fuels the Gems Protocol.
Gems uses its token mechanism to enforce the behavior of all participants, instead of being regulated by a single operator. We further introduce the first application using the Gems Protocol, aptly named the Gems Platform. The Gems Platform connects those who want work done (henceforth known as “requesters”) and human workers (henceforth known as “miners”). By using the Gems Protocol, the Gems Platform removes socioeconomic barriers that exist in centralized alternatives (e.g. large fees, market inefficiencies, need for bank accountants, etc.). Anyone can build on top of the Gems Platform, creating “modules” that are interfaces for particular human tasks. The first module the Gems team will build focuses on labeling data for AI.

Features

Gems Protocol: The Gems Protocol assesses the validity of work and trust of network participants; DApps will be built on top of the Gems Protocol

Gems Platform: The first platform built off of the Gems Protocol; pairs workers and requesters for micro tasks.

Modules: Reusable open-source task interfaces built on the Gems Platform

 

GetGems Roadmap

  • December 1, 2017

  • Pre-Alpha
  • December 14th, 2017 — January 8th, 2018

  • Gems Community Program
  • December 14th, 2017 — January 8th, 2018

  • Gems Community Program
  • On or before January 8th, 2018

  • Gems Alpha on Ropsten Testnet
  • Read More
  • On or before January 8th, 2018

  • Gems Front End Open Sourced
  • Mid January 2018

  • Pre-Sale Interest Signaled for the Gems Token Sale
  • Mid January 2018

  • Token Metrics Announced and Gems Pre-Sale Allocation Awarded
  • Late January-Early February 2018

  • Gems Pre-Sale and Subsequent Token Sale
  • Upon Completion of Token Sale

  • Gems on MainNet
  • Upon Completion of Token Sale

  • Module Signaling & Iterative Development
  • Q1 2018

  • Protocol Improvements (GRIM/GRAM, Staking, Trust Score, new methods)
  • Q1 2018

  • Jobs Creation API

Activity

Activity:
280
HIGH
Posts:
104
LOW
Views:
2 831
LOW
Followers:
4
VERY LOW
Tweets:
0
VERY LOW
30 Days Growth:
Members:
425
VERY LOW
30 Days Growth:
23

GetGems Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Rory O'Reilly
Co-founder
unverified
Kieran O'Reilly
Co-Founder
unverified

GetGems Last News

$ 0.0008
-4.28%
Coin Stats
Daily, %:
-4.28%
Weekly, %:
-6.61%
Monthly, %:
-33.28%
Market Info
Market Cap:
$ 476.15 K
Volume 24h:
$ 297.335 K
Circ. Supply:
640.462 M GEM
Ticker:
GEM

GetGems Reviews

crushcrypto.com
review

Opportunities:
The project is led by a strong team who are successful entrepreneurs. The advisors are veterans in the blockchain space and can open doors for partnership with many other blockchain projects.
Micro-tasks can be performed by pretty much anyone without specialized skills. Therefore, even the unbanked in any countries can work on the Gems platform whereas they cannot become a worker on other centralized platforms because they don’t have a way to receive compensation.
The business model makes sense and can lead to substantial cost savings for requesters.

Concerns:
Even though the vast majority (75%) of the tokens are held by the team, the breakdown of those tokens are not specified. We only know that they are being used to “subsidize requesters (onboard them to the platform), encourage new workers to the platform, and will be used for long term expenditures”.
The token sales practice is questionable. There are criticisms in Gems’ use of Dutch auction for the token sale. Dutch auction by itself is not necessarily a bad token sale model.
The team has previously said that they will announce token metrics when subreddit subscribers hit 4,000 – this is gimmicky in our opinion.
In a Dutch auction, participants should only contribute when the price falls to the valuation that they believe is compelling. However, Gems encourage participants to contribute early in order to enjoy the bonus. This goes against the spirit of a Dutch auction. We believe the bonus structure should not be conditional on the timing of contribution.
The key team members of the project are working at gifs.com at the same time. It is unclear how they will allocate their time between the two ventures.

Conclusion:
Overall, we are neutral for both the short- and long-term potential this ICO. Our thoughts of the tokens for short term and long term are as follows:
For ​short-term holding:
Neutral. Dutch auction ensures that there will be no unmet demand for the tokens during the ICO stage. Everyone who wants to participate has a chance to do so. The bonus applied for early participation is likely going to push the valuation higher than under a normal Dutch auction.
For long-term holding:
Neutral. While we like the idea and the use of token makes sense, the starting valuation of the project is likely going to be on the high side, which substantially lowers the upside potential.

Read More
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO