Gems Community Program

The Gems Community Program is the way to secure a spot in the Gems Pre-Sale/Token Launch.

• Join the Gems Telegram. Demonstrate that you will use the Gems Protocol and contribute to its ecosystem.
• Help in growing: Share the Gems mission with others who can use the Gems Protocol. The possibilities are endless —but here are a few:

a) Invite people to the Gems Telegram
b) Write a blog post
c) Make a YouTube video
d) Drive constructive discussions in the Telegram and beyond
e) Your own innovative idea

What’s in a Gems Protocol?

Miners: Micro task workers
Verifiers: Workers with a high Gems Trust Score who look through miner-completed tasks to verify validity. A verifier replaces many individual miners redoing a single task to verify accuracy
Requesters: Those who want micro task work done

The staking method involves the above

• Miners: Miners stake a token, or a fraction of a token, on a given task. This amount is defined by a variable. If the designated number of verifiers agree the task was completed accurately, the miner is returned, where they’re rewarded. If the verifiers agree the task was completed inaccurately, the miner can either be penalized the stake or redo the task. If the miner successfully redoes the task, he or she is returned, where they’re paid to additional verifiers, the penalty for the miner’s first mistake.

• Verifiers: Verifiers stake a smaller portion of token, on their verification of a task. If other verifiers, or the requesters, overturn the verification, the verifier is penalized. If their work is not overturned, the verifier is returned for any given task.

• Requesters: Requesters stake their total, so they don’t act in bad faith and report successfully completed tasks as incorrect. If requesters deny a task as being correct, that same task will be given again to other miners/verifiers, and the requesters funds will still be locked up, meaning that there is no clear incentive for a requester to be a malicious actor.

Why choose Gems

Gems provides economic efficiency to network participants, properly incentivizes miners to accomplish tasks, disincentivizes malicious actors, opens access to those who are unbanked, and opens access to the labor supply of micro task workers without intrinsic network fees.

See how it’s better than the existing ones