~Decentralized.
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Why GEM? It's simple. We are a team of developers that have pooled together our talents to make a unified global standard for currency. We are not here to inflate or manipulate the crypto markets for personal gain. We are simply a coin based for peer to peer transaction without government involvement as an exchange medium without red tape or worrying about volatile exchange rates.
We do not intend to create a currency that has an inflated worth as that of bitcoin. Rather, a more reasonable worth to exchange every day goods and services. GEM will be the standard over cryptocurrency as well as fiat currency. The main purpose of this coin is not to be an impossible coin to obtain or one where only the beginning users hold all the value. We aim to get the entire globe involved with cryptocurrency. We make mining easy for you with no need for prior knowledge on how to mine using big asics or command line GPU/CPU. |
Not only is our coin "proof of work" for minting coins, We have also implemented "proof of stake" for long term growth. "PoS" is essentially like keeping your money in a savings account. Over time, a percentage of your total coins within your wallet will grow by 2% annually. So why 4.375 billion coins? Simple. The purpose is to make sure the price does not fluctuate drastically like Bitcoin, Monero, Ethereum, and many others. How does it hold value? Also simple. Staking can be adjusted and fluctuated depending on the going rate to speed up or slow down the minting of coins without mining through a computer. Luckily we have done all the hard work by mining the initial 275 million coins through "PoW". Now it is time for the public to receive their coins. First: by downloading our wallet, GEM will then be giving away, YES, giving away a small portion of the reserve to everyone that downloads a wallet. Next: once the coins are received you can start staking (minting coins). Just keep the wallet on and new coins will start generating after eight hours of holding them. The coins you have accumulated will then grow 2% annually. Want more coins? Just visit an exchange and buy more coins depending at the going exchange rate at the given time. With the exponential future of GEM, the total available coins after staking will be 4.375 billion coins.
| gem_white_paper.docx |
