GEM Staking Information
What is Staking?
Staking is a token economy system in which cryptocurrencies are deposited to receive interest. It refers to a service that generates reward, in exchange for the user’s trust to apply the token in the operation of a Blockchain network (similar to the concept of making a profit by saving money in a bank).
From the project’s point of view, Staking has a temporary freeze effect on tokens. In other words, it is possible to maintain a stable market price by reducing the liquidity of the token. In terms of price, it protects investors from inflation and when the price decreases, the investor is partially compensated with the distributed cryptocurrency.
Staking is a stable way to store funds for users. Participation in this Staking system will benefit investors with additional rewards. The rewards can be stored on computers with low performance. In addition, GemBlock will launch Staking financial services to provide users with various for-profit options for applying GEM Token.
What is the GEM Staking Program?
GemBlock’s Staking system distributes a portion of the company’s profit to users who deposit GEM Tokens based on ShyFi.
CopyGem is basically a centralized system.
GEM Staking combines the advantages of Legacy, Centralized Finance (CeFi) and Decentralized Finance (DeFi).
GemBlock created a new type of financial system “Sustainable High-Yield Finance (ShyFi)” for the first time in the world.
GEM Staking will establish itself as a next generation financial system, which surpasses the existing financial sector based on Shy-Fi.
How is ShyFi possible?
SHyFi stands for Sustainable High Yield Finance (ShyFi)
As stated in the GemBlock White Paper, we share the profit with users through our pipeline and business model.
GemBlock operates as a three-stage system (mines, workmanship and buyers), completely reorganizing the existing gemstone distribution structure.
Due to this system, price competitiveness and an improved structure can produce higher returns than competitors and the profit will be steady distributed to buyers of GEM Token.
GemBlock’s exclusive system will have a sustainable and high return.
Program detail
In the first round, you can participate in the program at $ 1 per GEM Token.
GEM Staking Flow
1. Holding the GEM -2021 1Q
Keeping the GEM Token on the platform is the first step in applying the GEM Token to the Staking program.
Currently, the way to obtain GEM Tokens is to participate in ICOs, on the GemBlock website (gemblock.co) or through an Air Drop event.
How to participate in the ICO: https://medium.com/gemblock/gemblock-ico-announcement-aa04d8970a0
GemBlock is preparing to list the GEM Token on exchanges and on DEX.
2. GEM Staking- May 2021
The launch is scheduled for May 2021 (see chart above).
3. GEM Token Selling — 2021 2Q
It will be listed on global exchanges so that holders can conveniently trade Gem Tokens.
The listing price is 1GEM = $1.5.
Purchase of GEM tokens and burn them as part of GemBlock profits-driving up token prices.
* Depending on the investment method, the user can reinvest the profit generated by GEM Staking, obtain compound interest and the dividend profit may vary depending on the revenue from mining and trading on the platform.
