7 0'Clock Labs is one of the biggest blockchain community with the most amount of DeFi users. The Labs was initiated by founding members of
7 0'Clock Labs is one of the biggest blockchain community with the most amount of DeFi users. The Labs was initiated by founding members of
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Host：Can you please introduce yourself to the 7'Oclock community?
Andy | GEMS CEO:
I am the co-founder of GEMS, which is an Esports 3.0 aggregator platform within an O2O ecosystem. GEMS propels Esports into 3.0 by integrating Gamefi, Metaverse and Socialfi elements, and leverages on its founding partners' chain of Esports hotels.
A little bit about myself, my background has always been in the Esports, tech and hotel industry. With my previous experience in Esports and the team’s expertise, I believe GEMS would become a one stop destination for gamers that integrates the young population into the new sharing economy. I have a strong belief in blockchain being the next blue ocean for Esports and that’s why I’m doing this great project with my great team!
Mike:
Absolutely, My name is Mike, Head Of product development here at GEMS. I've been in the blockchain industry for several years now specializing in blockchain hospitality. My role at GEMS is to help deliver the vision of Esports 3.0 and make dreams become reality!
Host：Could you introduce thegemsgg to the community? What is thegemsgg?
Andy | GEMS CEO:
GEMS stands for GameFi. Esports. Metaverse. SocialFi.
GEMS core business pillars include an NFT Rental, DeFi Union that introduce multiple payment models and loans to make expensive NFTs available for everyone;
FanFi Studio, a cradle to nurture future gamefi talents; Other awesome features like P2E (Play-to-Earn) Arena and DAO GUILD aim to bring players together to earn via blockchain games.
Host：:What sets you apart from other projects? What makes GEMS so special that it can stand out from other projects?
Andy | GEMS CEO:
GEMS is a new concept in the blockchain industry.
GEMS is like STEAM plus GUILD, which leverages our online platform with an offline presence. Online refers to the GEMS platform, which is an Esports 3.0 aggregator platform within an O2O ecosystem. Offline refers to our hotel network across Asia, with Southeast Asia as the initial footstep.
We believe that GameFi will be the next Esports! Thus, we would like to build an ecosystem that enables all types of users even for non gamers to be a part of this with features with DeFi features like DeFi union, DAO Guild!
Host: I saw you mentioned the O2O system. So what are the plans for offline expansion and what is your goal?
Andy | GEMS CEO:
GEMS is proudly backed by LABS Group X Arena Esports Hotel X Game One, which are working together to expand our business in operating Esports hotels. Our vision for GEMS is to own 50 offline touch points (owed hotels, hotel partnerships) by year 3, which will reach 2,733,000 people in-residence.
Host:What achievements have GEMS achieved so far? Can you share with us your roadmap for this year?
Andy | GEMS CEO:
In 6 weeks, we have grown our community to 100k+ members and our team is still growing over the next few weeks. Over the past month, we have successfully attracted VCs and blockchain investors to invest in our project e.g. DEXForce and AvStar Capital.
Moreover, we have over 40+ ecosystem partners including the GameFi heavyweights such as Dreams Quest, Project Seed and many more. Not to mention, GEMS is currently working with our partners in South East Asia, in order to expand our ambitious hotel network in Singapore, Malaysia, Hong Kong, Cambodia, Thailand, Indonesia and Vietnam.
We have a mission to provide an all rounded, fully immersive GameFi experience by integrating our online system with offline hotel touch points. So that players can gather teams and battle in competitions in our Esports and GameFi tournaments in near future!
Host:This plan sounds so exciting! I guess the community is also curious about where is the mainnet launch?
Mike:
Another great question! It was indeed a very tough decision on what chain to choose, we decided to go with Binance Smart Chain because we found that a lot of GameFi projects are on BSC. BSC is a hard fork of the Go Ethereum (Geth) protocol, and as such, it shares many similarities with the Ethereum blockchain. Ultimately for our NFT rental marketplace will need sustainable low gas fees, hence the another vital decision to choose BSC.
Host：GEMS introduced the concept of Esports 3.0, making GameFi the next Esports. What is the reason behind this?
Andy | GEMS CEO:
Being a Esports veteran contributing to the Esports industry for past 15 years and also a GEN X Esports player. We have seen the recent massive adoption of GameFi through Play 2 Earn gaming model instead of Earn 2 Play in this milennials era.
Days where we earn money and buying our favorite games to play is no longer sustainable. We saw this opportunity of integrating Esports 3.0 to GameFi model so that GameFi's gamers will be able to also compete at Esports Level for player and team.
Without Esports 3.0, GameFi is definitely established already however it will face longtivity's issue over time as it lacks the viewership and excitement that gamers & fans is able to enjoy which is Esports 3.0.
Free AMA
1. Can you tell us about some of your partners and who you plan to collaborate with in the near future ?
Andy | GEMS CEO:
Great question! GEMS has a very strong partnership with partners such as Dreams Quest, Polkabridge, Project Seed, Formless, Metis, IQ Protocol, Formless and the strong partnership list goes on! We believe that GEMS and all our partners, we can bring Esports 3.0 to GameFi.
Also, if you look into our advisor list, you may find some clues on our upcoming partnerships.
Don't forget to join our Telegram Announcement channel to see what we have got for our community ! ��https://t.me/GEMSannouncement
2. Token Burn or BuyBack program play an important role in increasing Token value Do you have a token burn or buyback program plan to attract investors?
Andy | GEMS CEO:
We have allocated 20% to the ecosystem. Every quarter, profit will be dedicated to token buy back and burn from open market.
We will continue buy back and burn mechanism until 50% of the token total supply is burnt. The reason of having this mechanism is that it can support long term price stability and value growth.
3.What's your main focus right now, are you focused on the community or market/Exchange or the products?
Mike:
GEMS from a development / product view is currently focusing on the platform launcher will be made available with a useable NFT Rental. & Subscription based marketplace [DEMO] aimed for early Q1 which will be made online via https://thegems.gg/ .
That being said our NFT rental platform is the first platform being launched and developed so that we can encourage the gamers inside of you all to adopt the new Esports 3.0 approach.
Andy | GEMS CEO:
Thank you @liuyanshen for hosting the AMA for us. The 7 O'clock community is wonderful. It was such a pleasure meeting you all. Don't forget to follow us on our social media platforms and find out more about the project via the links below:
� Website: https://thegems.gg/
� Telegram Announcement channel: https://t.me/GEMSannouncement
� Telegram: https://t.me/thegemsgg
❓Gitbook: https://official-gems.gitbook.io/gemsofficial/
� Twitter: https://twitter.com/gemsgg_official
⭐️Discord: https://discord.gg/gemsggofficial
� Papers :https://drive.google.com/drive/folders/15gNzWLB9KOl9n4vbl8WECMyVumIFtZZZ?usp=sharing
Host：Can you please introduce yourself to the 7'Oclock community?
Andy | GEMS CEO:
I am the co-founder of GEMS, which is an Esports 3.0 aggregator platform within an O2O ecosystem. GEMS propels Esports into 3.0 by integrating Gamefi, Metaverse and Socialfi elements, and leverages on its founding partners' chain of Esports hotels.
A little bit about myself, my background has always been in the Esports, tech and hotel industry. With my previous experience in Esports and the team’s expertise, I believe GEMS would become a one stop destination for gamers that integrates the young population into the new sharing economy. I have a strong belief in blockchain being the next blue ocean for Esports and that’s why I’m doing this great project with my great team!
Mike:
Absolutely, My name is Mike, Head Of product development here at GEMS. I've been in the blockchain industry for several years now specializing in blockchain hospitality. My role at GEMS is to help deliver the vision of Esports 3.0 and make dreams become reality!
Host：Could you introduce thegemsgg to the community? What is thegemsgg?
Andy | GEMS CEO:
GEMS stands for GameFi. Esports. Metaverse. SocialFi.
GEMS core business pillars include an NFT Rental, DeFi Union that introduce multiple payment models and loans to make expensive NFTs available for everyone;
FanFi Studio, a cradle to nurture future gamefi talents; Other awesome features like P2E (Play-to-Earn) Arena and DAO GUILD aim to bring players together to earn via blockchain games.
Host：:What sets you apart from other projects? What makes GEMS so special that it can stand out from other projects?
Andy | GEMS CEO:
GEMS is a new concept in the blockchain industry.
GEMS is like STEAM plus GUILD, which leverages our online platform with an offline presence. Online refers to the GEMS platform, which is an Esports 3.0 aggregator platform within an O2O ecosystem. Offline refers to our hotel network across Asia, with Southeast Asia as the initial footstep.
We believe that GameFi will be the next Esports! Thus, we would like to build an ecosystem that enables all types of users even for non gamers to be a part of this with features with DeFi features like DeFi union, DAO Guild!
Host: I saw you mentioned the O2O system. So what are the plans for offline expansion and what is your goal?
Andy | GEMS CEO:
GEMS is proudly backed by LABS Group X Arena Esports Hotel X Game One, which are working together to expand our business in operating Esports hotels. Our vision for GEMS is to own 50 offline touch points (owed hotels, hotel partnerships) by year 3, which will reach 2,733,000 people in-residence.
Host:What achievements have GEMS achieved so far? Can you share with us your roadmap for this year?
Andy | GEMS CEO:
In 6 weeks, we have grown our community to 100k+ members and our team is still growing over the next few weeks. Over the past month, we have successfully attracted VCs and blockchain investors to invest in our project e.g. DEXForce and AvStar Capital.
Moreover, we have over 40+ ecosystem partners including the GameFi heavyweights such as Dreams Quest, Project Seed and many more. Not to mention, GEMS is currently working with our partners in South East Asia, in order to expand our ambitious hotel network in Singapore, Malaysia, Hong Kong, Cambodia, Thailand, Indonesia and Vietnam.
We have a mission to provide an all rounded, fully immersive GameFi experience by integrating our online system with offline hotel touch points. So that players can gather teams and battle in competitions in our Esports and GameFi tournaments in near future!
Host:This plan sounds so exciting! I guess the community is also curious about where is the mainnet launch?
Mike:
Another great question! It was indeed a very tough decision on what chain to choose, we decided to go with Binance Smart Chain because we found that a lot of GameFi projects are on BSC. BSC is a hard fork of the Go Ethereum (Geth) protocol, and as such, it shares many similarities with the Ethereum blockchain. Ultimately for our NFT rental marketplace will need sustainable low gas fees, hence the another vital decision to choose BSC.
Host：GEMS introduced the concept of Esports 3.0, making GameFi the next Esports. What is the reason behind this?
Andy | GEMS CEO:
Being a Esports veteran contributing to the Esports industry for past 15 years and also a GEN X Esports player. We have seen the recent massive adoption of GameFi through Play 2 Earn gaming model instead of Earn 2 Play in this milennials era.
Days where we earn money and buying our favorite games to play is no longer sustainable. We saw this opportunity of integrating Esports 3.0 to GameFi model so that GameFi's gamers will be able to also compete at Esports Level for player and team.
Without Esports 3.0, GameFi is definitely established already however it will face longtivity's issue over time as it lacks the viewership and excitement that gamers & fans is able to enjoy which is Esports 3.0.
Free AMA
1. Can you tell us about some of your partners and who you plan to collaborate with in the near future ?
Andy | GEMS CEO:
Great question! GEMS has a very strong partnership with partners such as Dreams Quest, Polkabridge, Project Seed, Formless, Metis, IQ Protocol, Formless and the strong partnership list goes on! We believe that GEMS and all our partners, we can bring Esports 3.0 to GameFi.
Also, if you look into our advisor list, you may find some clues on our upcoming partnerships.
Don't forget to join our Telegram Announcement channel to see what we have got for our community ! ��https://t.me/GEMSannouncement
2. Token Burn or BuyBack program play an important role in increasing Token value Do you have a token burn or buyback program plan to attract investors?
Andy | GEMS CEO:
We have allocated 20% to the ecosystem. Every quarter, profit will be dedicated to token buy back and burn from open market.
We will continue buy back and burn mechanism until 50% of the token total supply is burnt. The reason of having this mechanism is that it can support long term price stability and value growth.
3.What's your main focus right now, are you focused on the community or market/Exchange or the products?
Mike:
GEMS from a development / product view is currently focusing on the platform launcher will be made available with a useable NFT Rental. & Subscription based marketplace [DEMO] aimed for early Q1 which will be made online via https://thegems.gg/ .
That being said our NFT rental platform is the first platform being launched and developed so that we can encourage the gamers inside of you all to adopt the new Esports 3.0 approach.
Andy | GEMS CEO:
Thank you @liuyanshen for hosting the AMA for us. The 7 O'clock community is wonderful. It was such a pleasure meeting you all. Don't forget to follow us on our social media platforms and find out more about the project via the links below:
� Website: https://thegems.gg/
� Telegram Announcement channel: https://t.me/GEMSannouncement
� Telegram: https://t.me/thegemsgg
❓Gitbook: https://official-gems.gitbook.io/gemsofficial/
� Twitter: https://twitter.com/gemsgg_official
⭐️Discord: https://discord.gg/gemsggofficial
� Papers :https://drive.google.com/drive/folders/15gNzWLB9KOl9n4vbl8WECMyVumIFtZZZ?usp=sharing
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