by Pera Wallet
This is a well-known and established project in the Algorand ecosystem.
AlgoGems, otherwise known as GEMS, is the Governance and Utility Token of Algogems. Snapshot staking of GEMS empowers Governors to Verify, Ban, and Spotlight Creators. Staking windows are open for the first 2 weeks of each 13 week, or quarterly, Period. Furthermore, Governors shape the platform through participation in Big Votes, similar to the Algorand Foundation Governance. Algogems is a DAO curated and moderated NFT Marketplace. Algogems offers public and encrypted NFTs, and makes Minting, Buying, and Selling NFTs easier than ever. Algogems has competitive platform fees, multiple profile customization options, a complete minting suite with Free to Mint functionality, and advanced trading features, available to all Algogems users! Algogems is supported by: GEMS-based Governance, the Algorand Foundation, the Kinn DAO, Borderless Capital, and Xpand Capital.