Gems ICO Review…..A real Gem of a project for me
Disclaimer: Not at all advice to jump on this ICO. Only my opinion .
Additionally , I am planning to Invest in this ICO and it is based on my research. You could do your own research as this is my opinion and I am doing it for the purpose of securing a proof of care contribution spot.
There are two main factors that get me excited about an ICO. That is the problem that the project is attempting to solve and the Team to solve the problem. This ICO ticks both those check boxes.
So the problem in this instance is that gems is trying to tokenize the MECHANICAL TURK industry.
What on earth is MECHANICAL TURK ?
These are micro tasks used by businesses . They are tasks performed by humans and not computers. They are Micro in nature such as arranging database, or labeling things to their appropriate pictures or objects, etc. Currently Amazon is in to this business and eats up a huge portion of the payments by acting as the middle man . There is another company called Crowdflower who is in to this business.
What GEMs does is create a new payment system for all this turks on a blockchain and due the tokenization it can create an ecosystem where the middleman is cut off, in the end giving more value to the job doer and job giving. Now there are couple of things here that needs to be kept in mind. Gems protocol is in a mission to create a platform where more jobs would be created with higher payouts plus anyone could perform these tasks from anywhere in the world.
The market
There is a estimated number into the size of this market but a global company like Amazon offering such services gives you an understanding as to the market potential. Some may wonder as to how gems would be able to compete with a company like Amazon in this space but the point to note is that gems would be operating on a blockchain as apposed to a company like Amazon that has central control. The benefit of running such a protocol on a blockchain would help pass the related befinits to the users of the platform.
The team behind it.
Well all I have to say is that it is a rock star , All- A*** team. That’s it. Have a look at the team below.
Rory O'Reilly Co-Founder Rory studied psychology and economics at Harvard University. He left Harvard in 2014 to co-found gifs.com. Rory is a Thiel Fellow and Forbes 30 under 30 recipient for his expertise in consumer tech. Before dropping out, Rory was named one of Harvard’s “most impressive” 19 students by Business Insider.
Kieran O'Reilly Co-Founder Kieran studied computer science at Harvard University. Prior to Gems, Kieran co-founded gifs.com as its CTO. Gifs.com is an online video editing and artificial intelligence company with clients such as Google, Netflix and Autodesk amongst others. Kieran was recognized by Forbes in their 30 under 30 list and is a Thiel Fellow.
Advisors
Biz Stone Co-Founder Twitter Co-Founder Medium Biz is the co-founder of Twitter, Medium and Jelly. Inc. magazine named him Entrepreneur of the Decade and Time listed him as one of the 100 Most Influential People in the World.
Joey Krug Pantera Capital Co-Founder Augur Joey is the co-founder of Augur, a decentralized prediction market built on Ethereum. Joey is also the Co-Chief Investment Officer at Pantera capital, the leading blockchain investment firm. Additionally, Joey is a Thiel Fellow and writer at Forbes magazine.
Ben Maurer Co-Founder reCAPTCHA Facebook Ben is the co-founder of reCAPTCHA, a system used to determine if a user is human while simultaneously digitalizing books. reCAPTCHA was aquired by Google in 2009. Ben worked at Google until 2010, when he left to join Facebook, creating headlines in the tech world. Previously, Ben studied at Carnegie Mellon University.
Luis Cuende Co-Founder Aragon Co-Founder Stampery Luis is the co-founder of Aragon, a Forbes 30 Under 30 recipient, and an MIT TR35 honoree. He was also an Advisor to the VP of the European Commission. Previously, Luis cofounded the blockchain startup Stampery. Luis is also an accomplished programer. He created the world's first Linux distribution with facelogin and was awarded as the best underage European programmer in 2011.
Joe Urgo Co-Founder district0x Founder Sourcerers Joe is the co-founder of district0x, a network of decentralized markets and communities built on Ethereum. Joe also founded Sourcerers.io, where he and his team support leading Ethereum-based projects. Prior to this, Joe was the Operations Manager at Coinbase and a derivatives trader at Three Arrows Capital.
The Hype around the project is just crazy. The telegram chat is nearing 30 k members . That is just insane . I have never seen a telegram chat grow at such a speed. Plus none of the ICO youtubers are specially talking about this project but the crypto community knows how big the project is.
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 themgrow: 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
