Gems ICO – Decentralized Mechanical Turk

Source : Gems ICO – Decentralized Mechanical Turk

6.8
Total Score

ICO Start: To Be Announced – ICO Ends: To Be Announced

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.

Team

6.9

Vision

6.5

Product

7

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Gems, a decentralized, open-sourced, human task crowdsourcing protocol built on top of the blockchain. Using the Gems Protocol, anyone can tap into the power of scalable micro task workers without needing to worry about task verification, trust, or payments. Gems is designed to disincentivize malicious actors and reward fair players. The Gems Protocol is comprised of a staking mechanism to ensure task completion, a trust mechanism to track worker integrity, and a payment system to reduce transaction fees. The GEM token, a multi-utility token, fuels the Gems Protocol.
Gems uses its token mechanism to enforce the behavior of all participants, instead of being regulated by a single operator. We further introduce the first application using the Gems Protocol, aptly named the Gems Platform. The Gems Platform connects those who want work done (henceforth known as “requesters”) and human workers (henceforth known as “miners”). By using the Gems Protocol, the Gems Platform removes socioeconomic barriers that exist in centralized alternatives (e.g. large fees, market inefficiencies, need for bank accountants, etc.). Anyone can build on top of the Gems Platform, creating “modules” that are interfaces for particular human tasks. The first module the Gems team will build focuses on labeling data for AI.

Rory O’Reilly – Co-founder
Kieran O’Reilly – Co-Founder

Symbol: GEM
Concept: 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.

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December 1, 2017: Pre-Alpha
December 14th, 2017 — January 8th, 2018: Gems Community Program
On or before January 8th, 2018: Gems Alpha on Ropsten Testnet
On or before January 8th, 2018: Gems Front End Open Sourced
Mid January 2018: Pre-Sale Interest Signaled for the Gems Token Sale
Mid January 2018: Token Metrics Announced and Gems Pre-Sale Allocation Awarded
Late January-Early February 2018: Gems Pre-Sale and Subsequent Token Sale
Upon Completion of Token Sale: Gems on MainNet
Upon Completion of Token Sale: Module Signaling & Iterative Development
Q1 2018: Protocol Improvements (GRIM/GRAM, Staking, Trust Score, new methods)
Q1 2018: Jobs Creation API

Gems is designed to disincentivize malicious actors and reward fair players. The Gems Protocol is comprised of a staking mechanism to ensure task completion, a trust mechanism to track worker integrity, and a payment system to reduce transaction fees.  Our rating for this ICO is 6.8 out of 10.0.
Want to find out about other hot ICOs? Here is a cryptocurrency ICO list for the next period.

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