GetGems

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.