Gems is Moving Forward
Bitvault is dropping the suit and we’re moving forward
In March of this year, we announced that a company called BitVault sued Gems for trademark infringement. During this time, we’ve been unable to update the community on our progress. While we ultimately believe that the lawsuit does not have merit, in the best interest of the Gems community, we’ve decided to agree to change our name. This means that Bitvault will drop the case, and that within roughly half a year we’ll change our name and corresponding media handles*. Those using the token will not be affected, although we will no longer refer to the token name as GEMs, but rather XPN.
In thinking of new names, we’ve had time to reflect on what we’re building at its core. In its simplest form:
We’re allowing people to do online work and get paid
- We’re creating an ecosystem that allows workers with varying skills, in different languages, geographies, and economic backgrounds to have access to gainful and meaningful work.
- We’re allowing small, medium, and large enterprises to find hardworking micro task workers who will help them in whatever they need 24/7, on-demand.
- We’re removing the layer between workers and requestors, making things less expensive for the requestor and allowing the worker to take home more of their pay, since there’s no intermediary or central power.
- We’re eliminating any central fee, removing power from centralized entities and giving that power back to workers and requestors.
- We’re creating an engaged community that believes what we are doing is worthwhile, because it makes a difference to the one.
The Gems community has always played an influential role in building Gems. If you’d like to suggest ideas for names, please feel free to reach out to us at hello[at]gems[dot]org or on our media channels.
We couldn’t be more excited to announce how far we’ve come since our last update. Please stay tuned for more announcements soon — we can’t wait to share our progress.
Thank you for your support. We’re back!
- Follow Our Twitter @Gems
- Visit Our Website Gems.org
- Join Our Telegram
- Read our White Paper
- Follow our Blog
- Email: hello[@]Gems[dot]org
Thank you to Sol Kim and Pete Abilla for their contributions to this piece.
*Micro task business, domain, products/services, Twitter handle, Telegram channel, Subreddit, etc.