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Gems

(Micro Tasks)
Gems is a protocol for contracting workers to perform micro tasks. Workers stake tokens in order to prove validity of their tasks and earn a reusable computed trust score, enhancing the cost-efficiency of the network while democratizing access to scalable micro task workers.

Token Sale Info:

  • Ticker: GEM
  • ICO Start: Airdrop Only
  • Whitelist: Closed
  • ICO Token Price: TBA
  • Token Type: ERC20

Additional Info:

There are 3 levels to Gems:
  • Gems Protocol: The Gems Protocol assesses the validity of work and trust of network participants; DApps will be built on top of the Gems Protocol
  • Gems Platform: The first platform built off of the Gems Protocol; pairs workers and requesters for micro tasks.
  • Modules: Reusable open-source task interfaces built on the Gems Platform
Anyone can build on the Gems Protocol, creating innovative verification methods for new types of work.

What are micro tasks?

Micro tasks are small, simple tasks that require human judgment and can be completed independently over the Internet. Examples of micro tasks include labelling pictures and transcribing audio to text. You can read more about micro tasks in the blog post dedicated to them.

Gems Network Overview

The Gems Network facilitates the extension and efficient operation of the micro task community by allowing organizations to reliably deploy micro task miners. The Gems Protocol, through validating task completions with the Gems Staking mechanism and enabling miners to have a reusable trust mechanism through the Gems Trust Score, enforces compliance of network participants. The Gems Protocol enables the creation of various platforms that are built on top of the Gems Protocol. Platforms that are created have no intrinsic fee imposed by the Gems Protocol, broaden the scope of the labor supply, and eliminate inefficiencies in the market place. Gems allows any application to utilize efficient online scalable workforces.
  • Gems Staking Mechanism
    • The Gems Staking mechanism provides disincentive for malicious actors, enhancing the efficiency of the Gems Network. Through the Gems Staking mechanism, currently created through Ethereum-based smart contracts, miners, requesters, and verifiers stake tokens on the validity of their work and against the validity of others’ work, providing a palpable disincentive for doing tasks incorrectly.
  • Gems Trust Score
    • The Gems Trust Score is an indicator of how reliable an individual on the network is. By using the individual’s history of completing tasks accurately, efficiently, and consistently, the Gems Trust Score is formed and linked to the network participant’s Ethereum wallet address. Because it is easy to create a new address, trust scores are not easily bootstrapped; miners need a long proven track record to obtain a high score.
      Miners with very high scores are eligible to verify the work of other members on the network, allowing them to increase the overall accuracy of the system while earning extra money at an higher hourly rate. Unreliable miners will be removed from the network, keeping the quality of work high.
  • Gems Platform and Modules
    • The first application using the protocol is the Gems Platform, a marketplace for matching miners and requesters. The Gems Platform charges no central fee, and utilizing the GEM Token and Gems Protocol, eliminates existing economic inefficiencies. Modules, reusable interfaces for completing specific tasks, are interfaces that are built on top of the Gems Platform.
  • Gems Payment System
    • Transactions on the Ethereum network are not free; they require gas. To allow for micro payments and staking without using gas, the Gems Protocol uses a system of payment channels. Payment channels allow for secure off chain payments without using gas and for the grouping of those payments on the blockchain at a later date. The Gems Payment System will be used by requesters, verifiers, and miners to increase the cost efficiency of the network.

How does Gems compare to existing solutions?

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Team:

Rory O'Reilly

Co-Founder

About:

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.

LinkedIn

Kieran O'Reilly

Co-Founder

About:

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.

LinkedIn

Biz Stone

Advisor

About:

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.

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Twitter Feed:

2 months ago
For all those who have been patient, thank you. Your support is all the more crucial as we face this hurdle, which we are determined to overcome.

https://t.co/5sHhpu8A6V
3 months ago
Read about the first step in our journey to bring millions of people to crypto and make life better for workers:

https://t.co/fxT5IKsQ9e
4 months ago
🚨Do NOT send ETH to anyone claiming to be Gems. There is no public sale announced.
4 months ago
We've hit the max size on @telegram - 50k users. We can't wait until they increase the limit! 🚀
4 months ago
Over 1,500,000 tasks done on Gems in 8 days 😍. All earning fake Gems 😅.

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