The Gems ICO was launched with the aim of launching a protocol to enable them and others to contract workers to perform micro tasks.
- Token Type
- Fundraising Goal:
- 1 GEM = N/A
- Token Available for Sale
- Blockchain Service
Pros & Cons
- Easy to understand concept and one with huge growth potential too
- Experienced team working for and advising the ICO
- Soft cap should be achieved fairly soon after ICO launch
- Targeting an interesting and competitive market sector
- Very easy to achieve and understand roadmap and concept
- Not a very expensive of overpriced token
- Mass appeal to all levels of investors
- Well thought roadmap and white paper
- Built around the ERP-2 Ethereum token
- Whitepaper is very well designed and throughout
Gems, is a next generation type of protocol for contracting workers to perform micro tasks.
The only way that a business or concept is going to have longevity is if that business or concept is one that solves a problems, and is also one that is going to be of interest to a large number of people, users, consumers and businesses.
What Gems have based their entire concept around is the micro tasks market sector. Many people these days are being paid to perform a very wide and diverse range of different tasks online and they are being paid for doing so.
Those tasks could be anything from writing reviews of a product they have bought or used or giving their input and filling in questionnaires and the suchlike.
However, they do not get paid very much for their time and effort, and the companies that are paying them often go through just one of two companies or brokers that match them up with the people doing micro tasks.
As such that middleman type of brokers and companies get a large chunk of the payment made by companies and the only give a small percentage of that payment to the people ding micro tasks.
The Gems services are going to remove the middleman from the micro tasks market sector and as such companies using their service will pay less and the people doing those micro tasks will get paid more.
Let me now give you an insight into the all important team that is working tirelessly behind the scenes to make Gems a success.
- Biz Stone (Co-Founder Twitter Co-Founder Medium)
- Joey Krug (Pantera Capital Co-Founder Augur)
- Ben Maurer (Co-Founder reCAPTCHA Facebook)
- Luis Cuende (Co-Founder Aragon Co-Founder Stampery)
- Joe Urgo (Co-Founder district0x Founder Sourcerers)
- Rory O'Reilly (Co-Founder)
- Kieran O'Reilly (Co-Founder)
Even though the Gems ICO is now over, there is still a chance for you to get involved in their project and hopefully profit from its take up and that is by buying into their tokens which you can find offered at some digital currency exchanges.
However, for you to make a well balanced decision in regards to whether their tokens are going to be worth either a short or long term investment, you will need to take a look a how their ICO was initially structured and whether their tokens are increasing in value, and just how many businesses and users are taking up their concept and embracing it too.
In regards to just how the Gems ICO was designed and structured, be aware that the ICO closed on the 16th of February 2018.
The Gems ticker symbols which is what you are going to have to search for on digital currency exchange is GEM and that token is the more standard and very well established Ethereum ERC-20 token.
A total of 8,000,000,000 GEM Tokens were generated and a total of 25% of them became available on the initial token sale.