Limitless and Everest Unveil $GEMS Token with $600M in Collateral
TL;DR
Participate in the public sale of $GEMS, a groundbreaking RWA token backed by $600M in liquid assets.
Learn about $GEMS, the first Real World Asset (RWA) token, and its benefits in the gemstone industry.
Revolutionize the gemstone industry with $GEMS, offering accessibility and disrupting traditional markups.
Join the gemstone revolution with $GEMS and experience the mining process firsthand through the Mine Tour benefit.
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Limitless, in collaboration with Everest, has launched 20 million $GEMS tokens, backed by over $600 million in liquid assets. This innovative initiative introduces the first Real World Asset (RWA) token focused on transforming the gemstone industry through blockchain technology and innovative crypto economics.
Available exclusively on the EverLaunch platform, $GEMS tokens provide a seamless user experience, enabling global participation in the gemstone market. Users can acquire $GEMS by connecting their wallets or purchasing directly with a debit card.
The $GEMS token offers several key benefits:
- Gemstone Purchasing: Facilitates the acquisition, cutting, and polishing of emeralds and alexandrites.
- Mine Tour: Provides unique opportunities for users to experience the gemstone mining process firsthand.
- Staking Rewards: Offers up to 20% rewards through staking $GEMS tokens.
- Refund Policy: Guarantees a refund of any unused $GEMS at a rate of $4 per token worth of ETH, backed by the $600M in liquid assets held in custody.
Bob Reid of Everest commented, "We are excited to introduce $GEMS, a groundbreaking RWA token backed by substantial liquid assets. This initiative not only enhances accessibility to the gemstone market but also leverages blockchain to address longstanding inefficiencies."
The public sale of 20 million $GEMS tokens is scheduled to begin in July 2024 with a launch price of USD $1 per token. An additional allocation of 1 million tokens is reserved for referrals and marketing efforts. Detailed information is available at https://everlaunch.org/gems/.
Matteo Rosetti, General Manager at Limitless, added, "For centuries, the gemstone supply chain has seen markups ranging from 1,000% to 5,000%. By integrating blockchain technology with direct sourcing and crypto economics, we are disrupting this traditional model, offering substantial benefits to our users."
The $GEMS token aims to revolutionize gemstone transactions by providing transparency, reducing intermediaries, and leveraging blockchain technology to address inefficiencies. This project could significantly impact the gemstone industry, making it more accessible and equitable for all participants.
Curated from BlockchainWire
