Gems VIP (GEMS): Where Leaders Drive Projects and Success
The cryptocurrency industry features over a hundred active launchpad platforms where new projects vie for the attention and funds of early investors. However, many of these launchpads have limited safeguards for investors and offer underwhelming support and growth opportunities for crypto projects launched through them. Investors often fall victim to scam launchpad projects and tokens, while crypto startups fail to raise enough funds from quality backers.
Gems VIP (GEMS) is a crypto launchpad thatβs adopted a unique community-driven approach to dealing with both of these problems. It carefully curates projects listed on the platform to ensure that only high-potential, promising tokens are offered to investors. Additionally, Gems VIP has assembled a formidable community of crypto leaders who provide their input on the listed projects and gain access to early sale rounds for their tokens. Besides early access to high-potential tokens, the leaders enjoy additional benefits β passive income in the form of revenue sharing from the launchpad's projects, discounts on the platform's exchange solution, Gems Trade, and staking opportunities for GEMS, the platform's native cryptocurrency.
Key Takeaways:
Gems VIP is a cryptocurrency launchpad that features a stringent selection process for new projects, along with the support of leaders in the crypto sphere, who get exclusive access to early sale rounds in exchange for their commitment to the platform.
The launchpad's native token, GEMS, is used for staking and to provide access to early sale rounds, sale discounts and a share of revenues generated by the platform's projects.
What Is Gems VIP?
Gems VIP (GEMS) is a launchpad supported by a community of leaders in the crypto space. The platform features a rigorous curation procedure for listed tokens and provides the community of leaders with access to early sale rounds for these tokens. Gems VIP's community leaders not only invest in promising crypto projects via the platform, but also may provide support and expertise to drive their early growth and development.
Gems VIP was launched in late 2023. By December 2024, it had assembled a community of around 3,500 leaders, a number that may grow as the project continues to expand. Gems VIP's native cryptocurrency, GEMS, was launched in June 2024. Leaders can lock a certain minimum amount of GEMS to gain exclusive access to private sale rounds and receive significant discounts during sales.
Platform users, including leaders, who lock at least 5,555 GEMS ($694) become Golden Users, which qualifies them for a 20% discount on the presale round of private sales and a 7% discount on subsequent rounds. To become a Premium Leader and enjoy the full suite of benefits and discounts, leaders need to lock at least 18,000 GEMS (currently around $2,250).
However, you can't simply buy your way into the leader community by purchasing GEMS tokens. Each potential leader is carefully assessed by the project team for suitability. Only individuals deemed as bringing value to the project's potential and its vibrant community are accepted as leaders. Thus, a manipulative whale who buys up a lot of GEMS tokens in the hope of monopolizing access to private sale rounds will be left disappointed.
What Do Gems Leaders Do?
The leaders often provide guidance and support to the launchpad's projects, as well as input during the project selection phase. This ensures that the Gems VIP team's expertise is complemented by the leaders' skills when evaluating prospective projects.
Projects selected and launched via Gems VIP enjoy the benefit of being supported by a vast network of leaders and the Gems VIP core team itself. Early investments from community leaders provide much-needed capital to spur the growth of these projects.
There are also certain benefits for other investors (not only the leaders) when buying the projects' tokens in later public rounds or via the secondary market. The curated selection procedure and early backing from astute leaders reduce the risk of investing in scam tokens on the secondary market.
Gems VIP supports promising, innovative crypto startups across a range of web3 industries, including gaming, decentralized finance (DeFi) and artificial intelligence (AI). Some of the projects successfully launched via Gems VIP include game development studio Leia Games and AI-powered Layer 2 platform Olympus AI.
As of late December 2024, the launchpad actively supports its newest key project β an AI-powered crypto trading platform, NFA, which provides crypto traders with convenient Telegram access to investment calls and advice from a carefully curated list of key opinion leaders (KOLs).
What Is Gems Trade?
Gemsβ young platform is continuing to develop. Following the introduction of its launchpad service, the platform's next key goal is the launch of its own crypto exchange solution, Gems Trade. As of late 2024, Gems Trade is a work in progress. It will serve as a natural evolution of the overall Gems VIP platform by enabling a trade in tokens of the launchpad's projects.
The Gems Trade exchange will support spot trading, vault services with an off-chain Stake & Earn program, liquidity pools, fiat currency integration and over-the-counter (OTC) trading. Part of the revenue from transaction fees will be channeled to community leaders. In addition to the income from trading activity, the leaders will also earn referral rewards β every time a user referred by a leader transacts on Gems Trade, 50% of transaction fees from their trades will be directed to the referrer for life.
What Is the GEMS Token?
The platform's native cryptocurrency, GEMS, is primarily used to provide exclusive access to early sale rounds for tokens and discounts during the sales. Additionally, GEMS ownership may entitle holders to a share of the revenues generated by the Launchpad's projects.
GEMS has a deflationary burn mechanism built into its tokenomics. All projects launched via Gems VIP are required to allocate 2% of proceeds from the sale of their tokens to purchase GEMS. This applies to each sale round conducted by the project. Fifty percent of the purchased GEMS tokens are locked for one year and then returned to the project, while the remaining 50% are burned to reduce the token's supply.
The GEMS token was launched in June 2024 with a total supply of 843.3 million. As of Dec 23, 2024, the token's total supply is slightly lower β 838.79 million β due to the burn mechanism described above. The token's current market capitalization is $55.45 million, making it the eighth-highest-capped cryptocurrency in the launchpad tokens category.
The initial total supply of 843.3 million GEMS was allocated as shown in the chart below.
Source: Gems white paper
GEMS Staking
GEMS also has a staking function. Users and leaders can earn competitive APY rates by staking their tokens on the platform. As of Dec 22, 2024, the Gems VIP staking program has an APY rate of around 29%.
There's a mandatory lockup period of 90 days from the date of deposit before you can receive or restake your staking rewards. You can unstake your principal tokens at any time, but will need to wait for seven days before your staked tokens are released back to you.
Where to Buy GEMS
The GEMS token is available on Bybit as a Perpetual contract based on USDT. You can also join the trading competition campaign for GEMS for the chance to win a share of the 20,000 USDT prize pool. The campaign is split into two events, running through Dec 25, 2024, 10AM UTC. For the first event, with a total prize pool of 5,000 USDT, users who accumulate a trading volume of just $100 via the GEMSUSDT Perpetual contract will have a chance to win a share of the prize pool. The second event is a GEMS PnL Trading Championship, in which the top 50 traders who accumulate a trading volume of at least $50,000 on the contract will qualify for a share of the 15,000 USDT prize pool.
As of Dec 24, 2024, GEMS is trading at $0.125, which is 61% lower than its ATH of $0.32 on Oct 18, 2024, and 350% higher than its ATL of $0.02765 on Aug 5, 2024. Since its launch six months ago, the token has experienced its ups and downs. However, GEMS is up by approximately 121% compared to its initial market price in mid-June 2024, outperforming Bitcoin (BTC) and the overall crypto market during this half-year period.
Closing Thoughts
The Gems VIP team has developed an intriguing concept for running a launchpad. Mobilizing leaders of the crypto world to support new innovative projects is definitely a significant boost for aspiring web3 startups, which often struggle with initial momentum due to lack of both funding and external expertise. The community of leaders plays a vital role in helping early promising projects to overcome initial market resistance.Β
For the leaders, the platform is also a viable source for sharing their industry insights, providing tangible help to new web3 initiatives and simultaneously accessing income opportunities through the projects' revenue-sharing commitments.The Gems Launchpad also offers an important benefit for the wider investor community: the platform's rigorous curation process and the support of its leader community ensure a significant reduction in the risk of investing in unsustainable or scam cryptos via the secondary market.
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