[ANN][ICO] Gems Protocol - Decentralized Mechanical Turk

[maomew]

https://www.youtube.com/watch?v=otGNWLqaw3c

an easier way to understand why people are staying away from this ICO.. u will get wrecked with your life savings.

[2xbit]

Does someone know what meen Gems "updated token structure"?

[bigdude]

I am very very disappointed by gems. Critizism in the Telegram results in an immediate ban. The ICO is actually a complete money grab. Investors are getting baited with 10-20% bonuses, that are limited for 1-2h. But thats actually the time period in which the price is highest because its a dutch auction. Using a dutch auction is really bad for an ICO. Newbies and people who didn`t check the system carefully will just throw their money at them cuz of FOMO. This is retarded.
This is the same as spitting your investors in their face. First you expect them to shill your project and then you want them to buy overpriced tokens. And when Gems hits an exchange the team will dump them so hard.
Biggest ICO win for a company but a huge money grab. I can only warn people. Stay away from this, you can get your coins cheaper on an exchange afterwards.

I recommend to stay away from this ico, its a money grab!

Team is more greedy than Jeff Bezos

Total agreed with you guys!
With their greedy team like this even now they cancel it just stay away. Never go back to them.
Money is everything they're looking for so what's do you waiting for from this greedy team? They only want your money.
Just small change can't make their mind change!
BTW, GEMS just cancelled their auction cuz of all the negative feedbacks from the community!
I will never invest to the project even it great vision but with suck team then nothing make sense!

[nymphelav]

I agree that a dutch auction is very bad for investors, but I would still keep an eye on their telegram channel as they will most likely change it to a regular ico fundraising after everyone jumped on them. At this time we can just wait and see what will happen.

[silvestar]

Quantstamp project has been their precursors. And only the investors who took the project seriously were accepted to it. The same also available in this project. And they have created a very nice community.

[daturit]

Is there a bounty program for this project?

[Dvd1989]

People should take in consideration that less than 23000 paticipants are whitelisted. So a hardcap of 30b would be unlikely reached. My guess is that the average participant invests around 1000 to 2000 $ worth of ether, which gives cap of 25M to 50M.

Hmm my guess is that you are wrong. Gems is a pretty hyped project, even considering the weird ICO terms (and the altering thereof). Even the ICO projects with a lot of red flags (for instance: ArcBlock) will sell out almost instantly due to the hype and the (likely) possibility to flip the tokens moments after the listing.

Hype + flip is not the same as a project with strong fundamentals that you can hold for a long period of time.

[oli40]

Still no reaction coming from gems?

[lboombigl]

Have bounty in this project

[Bytem3]

Gems (GEM) is now listed on CoinCodex!

[oli40]

Gems (GEM) is now listed on CoinCodex!

https://i.gyazo.com/dd46266c010a839d4667ee94109012d8.png

?
Dont get it. Thought there was going to be an airdrop, where are these tokens coming from?
Is it from private sale? If so, they are trading way below private sale price.
Maybe they're annoyed because of the airdrop.

[StuFF981]

Hello, What currency will be used to store the funds raised? And where exactly?

[linhmax]

Is there going to be a live tracker for the hard cap as it declines or should we calculate it ourself?

[kurozame]

Very excited for the road map. The team seems to developing.

[dazbarlby]

Why haven't GEMs announced that the crowdsale tokens was put on hold via their blog?

[nguyen linh]

We should not judge the project by the price. Instead, we should look at the PR/Marketing, Community and Tech

[ajieafianto]

 if the token price is still go down, how much will we receive ? 0.50usd ? 😭

[moskovskiy89]

great project with strong team and marketing.i love the way their building a community,hope will be successful

[Dvd1989]

Heard about the lawsuit: https://blog.gems.org/a-company-called-bitvault-is-suing-gems-for-trademark-infringement-1e3d24b38f8e

Hoping this won't harm the project. Maybe parties can reach a settlement.

[rikkur]

It is obvious to me that the team chose the wrong way. This is evidenced by the price of tokens:
0.14x USD
0.33x TH
0.20x BTC