GEM Web3 Vision
Overview and Summary
Last updated
Overview and Summary
Last updated
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GEM Web3 Vision is an initiative to release various products centered on decentralized finance (DeFi).
We aim to expand the number of users participating in the GEM economy and increase our market share by proceeding with the project with the following three phases as our starting points.
The people who are playing the major role in this not us, but all of you as participants, and we will work for the benefit of all users involved in GEM Web3 Vision.
In Phase 1, we will establish a GEM Hedge Fund, where the revenue generated through GEM Web3 Vision will be managed and invested by the GEM Hedge Fund, and the profits will be passed on to our stakeholders.
As the first phase of the launch, GEM Membership Passes (NFT) will be sold in the form of an Initial NFT Offering (INO). The pass will have a permanent revenue sharing feature for the initial NFT purchaser (minter) and NFT staker, respectively, and will be closely tied to Phase 2 and 3 revenue.
In Phase 2, we will launch GEM STOCKS, which will earn GEMC as an incentive for LP(Farming) and provide DeFi with low slippage due to high liquidity.
DeFi fee revenue will be returned to the membership pass and bribe pool to further incentivize voting activity by veGEM holders (GEMC lock holders).
In Phase 3, we will launch GEM Dollar, implementing a number of utilities through GemUSD, which is convertible to $1. It will expand and contract dynamically according to the size of the economy and business climate, with the expansion phase bringing many benefits such as revenue sharing.
The biggest difference between GemUSD and other algorithmic stablecoins is that it is 100% asset-backed.
GEM Web3 Vision values and is inspired by the following protocols:
Solidly on Fantom
Velodrome on Optimism
Chronos on Arbitrum
Equalizer on Fantom
Hermes on Metis
THENA on BSC
Each chain has a representative ve(3, 3), which is growing and involving many projects between protocols. ve(3, 3) creates stable liquidity and bribes by becoming a hub for each chain or a gateway for chains to enter the market. GEM Web3 Vision is inspired by these projects, and by building ve(3, 3) to provide stable liquidity on polygon, we hope to get GEM Web3 Vision off to a solid start as it grows with you.
GEM Web3 Vision was established with the strong backing of these and other teams.
We aim to become a major supplier to web3 by providing services that match the needs of the next generation with a sense of speed and without being bound by existing ideas.
All figures and specifications are not guaranteed to be definitive. They are subject to change for improvement without notice.
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GEMFOREX (, ) was established in 2010 as a forex provider. With many years of stable service operation, it will play a leading role in the web3 services sector in the future.
