Hello Crypto community — unless you are living under the rock, you have heard of Gems already. For those living under the rock, it’s time to come out and take a look at this gem of a project.

Gems is going to be THE ICO of 2018 and I have no qualms in saying it out loud a thousand times !! So why, you ask…

I am not going to write a lengthy post with numbers and dissecting every little detail from their white-paper. I am going to list down a very short, but critical, list of points that will make Gems one of the best projects in crypto of all time — yes, I just said that !!

Gems is a decentralised mechanical turk. We all know amazon’s mechanical turk (called mturk) which came into existence in 2005. Essentially mturk allows for anyone to request for micro tasks by paying the workers, who can earn money by completing those tasks — all driven by community of requesters and workers. It is a great idea — to utilise the power of community to get small/redundant tasks done. Many large corporations and even governments use mturk for micro tasks.

Gems is planning to do exactly what mturk is doing but a lot lot lot better. In other words, Gems is planning to do what mturk was ideally built for and SHOULD have been doing. What does that mean ?

Amazon’s mturk is not fully decentralised, meaning requesters and workers both have to pay some % to Amazon. Essentially a $1 worth of task will cost more than a $1. sometime by upto 40%. Gems is essentially free and fully decentralised. Payments on mturk is not easy — sometimes taking days/weeks/months. Gems runs on smart contracts and money is transferred instantly as soon as task is completed and verified. Redundancy — requesters on mturk often have same task executed 10–15 times by different workers to ensure quality. Gems is fully automated with verifiers verifying the task and funds are withheld in case of wrong consensus, thus avoiding redundancy and saving a ton of money for requesters.

Now these are just a tip of the iceberg and their white-paper is one of the simplest yet best written, which will provide a lot of in-depth details for those interested in digging deeper.

Well, I covered why Gems is going to be one hell lot better than amazon’s mturk. But what makes it one of the best crypto projects ever ? Here’s why…

Many projects in crypto today are either infrastructure focused or a futuristic use case that may take longer and difficult to realise. Gems is attempting to do something very simple and something that already has a massive market and most importantly, the participants in that market are not happy with the current platform or service. Gems will immediately see a huge influx of participants jumping to use it on day 1 of platform release. The Team behind… Rory and Kieran O’Reilly are one of the highest qualified founders any project can have. Both are 30 under 30 recipients (recognised by Forbes) and are Theil Fellows. Their advisory board is simply an all-star one — with Biz Stone of Twitter and Medium fame Gems is looking to raise funds from genuine investors who wants to back the project, not from a random bunch who wants to ride the hype train and flip for quick profits. Their community program is one of the best and goes to show how a strong community backed project is built — almost serves as a blueprint for upcoming ICOs.

That is it guys !! This is my darling project and I have never been so excited before. I don’t care about the price today or tomorrow — I just love the idea, the team and the way they are building the community. Go Gems !!

Check out their introductory video here…

https://youtu.be/FYY1fnxutCA