GEMS Will Hold Their Public IDO On Polkabridge’s Launchpad
GEMS is the acronym of GameFi, E-Sports, Metaverse and SocialFi. This is an Esports NFT social sharing portal that is offering incredible features. It intends to bring the worlds of GameFi, E-Sports, Metaverse and SocialFi together, while offering users the opportunity to monetize their experience. Traditional Esports is made up of professional gamers, making it difficult for the regular gamer to get involved and compete in events. GEMS is democratizing the process.
GEMS intends to bridge blockchain gaming and the Esports ecosystem together, enjoying the perks of both worlds. This means that it will be easy for users to gain access to the system and the rewards will be bigger. There will be multiple ways to earn rewards like renting NFTs. Apart from the aforementioned, there will be an offline aspect to the ecosystem, especially in the ASEAN regions. there will both be online and offline gaming events and tournaments.
GEMS, through partnerships with leaders in the ecosystem like Arena Esports Hotel, a global leader franchise for Esports hotels, hostels & serviced residences, wants to take Esports hotels from Online to Offline.
GEMS will be holding its public IDO with Polkabridge’s launchpad that will help the former raise USD 200,000. According to GEMS, half of the money will be distributed to $LABS holders, and the other half will go to $PBR holders. GEMS will be able to finance the development of its innovations through this means.
To participate in the IDO, the community user must follow PolkaBridge Launchpad-based Initial Decentralized Offerings (IDOs) rules. These rules are designed to make the process fairer while preventing people from gaming the process. Before anyone can participate in the public IDO of GEMS, they should stake a minimum amount of 10,000 PBR tokens and they must be staked at least 1 day before the IDO takes place.
There are three different tiers and they enjoy varying amounts of IDO tokens. For the first tier, the user must have staked at least 10,000 PBR and up to 19,999 PBR before they can belong here. They will benefit from the distribution of 40% of the total IDO allocation.
The second tier members have to stake between 20,000 PBR and 29,999 PBR tokens. They will benefit from sharing 30% of the total IDO allocation.
The third tier is for those that stake more than 30,000 PBR tokens, and they share 30% of the total IDO allocation.