Gems (GEMS) Price

What is Gems?

Gems (GEMS) is a blockchain-based digital asset launchpad that empowers the next generation of technology and science-focused startups. Designed to bridge the gap between visionary founders and eager investors, Gems serves as a platform for identifying, supporting, and funding emerging projects through private token sales. By conducting rigorous due diligence, Gems ensures only the most promising projects make it to the platform, creating a trustworthy ecosystem where community members can engage early in high-potential ventures.

Through its community-driven model, Gems allows token holders early access to private sales, fostering active participation and collaboration. The platform aims to enrich the blockchain ecosystem by launching innovative projects, expanding communities, and providing critical resources for sustainable growth. Gems embodies a commitment to empowering creators and investors alike, pushing the boundaries of innovation and creating new opportunities in the evolving digital landscape.

How Does Gems Work?

Gems operates as a community-focused platform, bridging innovative startups with a network of supportive investors. The platform is built around the native cryptocurrency token, GEMS, which allows holders to participate in exclusive private sales and enjoy significant discounts through token locking. Gems uses a comprehensive vetting process to select high-potential startups, ensuring that each project aligns with its standards of innovation, passion, and strong market viability.

The Gems platform fosters an interactive and collaborative ecosystem by actively engaging community members in various aspects of project selection and success. GEMS holders are encouraged to nominate promising startups, provide feedback, and continue to support projects even after the funding round. Additionally, Gems leverages a new deflation mechanism where projects launched on the platform must use a percentage of their token sale proceeds to buy back GEMS, some of which are burned, thereby reducing overall token supply and boosting value for GEMS holders. The combined mechanisms of community engagement, token utility, and rigorous project vetting make Gems a pivotal launchpad in the blockchain ecosystem.

Gems' Founding Team

Gems was founded by Micah Winkelspecht and Steve Chen, both of whom bring substantial expertise to the project. Micah Winkelspecht, known for his deep involvement in blockchain technology, has played a crucial role in advancing the cryptocurrency landscape. Steve Chen, the co-founder of YouTube, brings a wealth of experience in digital platforms, community building, and global scale development. Their combined vision has shaped Gems into a unique fundraising platform that bridges the gap between startups and early investors while fostering innovation in the blockchain space.

Gems' Tokenomics

The tokenomics of Gems revolves around the native GEMS token, which is designed to incentivize participation and create value for its holders:

Token Distribution:

Team: 15%

Advisory: 3%

Community Incentives: 7%

Liquidity Provision: 10%

Private Sale: 15%

Development Grants: 25%

Marketing & Operations: 10%

Long-Term Treasury Fund: 15%

The total supply is 843,303,980.93 GEMS tokens. Specific vesting schedules apply for each category, such as a 6-month cliff followed by a 24-month linear release for the team, ensuring strategic and controlled token release.

Inflation and Deflation Mechanisms: The token inflation rate can reach up to 5% annually. To counteract this, a new deflation mechanism requires projects on the Gems platform to use part of their token sale proceeds to buy and burn GEMS, thereby reducing the circulating supply and increasing scarcity.

These mechanisms aim to balance liquidity, incentivize participation, and provide long-term value for GEMS holders, while facilitating the growth and funding of promising startups.