Convert Wrapped Bitcoin WBTC to Gems GEM
1 WBTC converts to 6,025,109,888.01 GEM
About WBTC and GEM
Wrapped Bitcoin is climbing, while Gems is falling this week. The current WBTC to GEM conversion rate is 6,025,109,888.01. Inversely, this means that if you convert 1 GEM you will get 0.000000000166 WBTC. The conversion rate of WBTC/GEM has decreased by 0.35% in the last hour (GEM/WBTC increased by 0.35%). In the last 24 hours, WBTC/GEM grew by 0.45%, while GEM/WBTC shrunk by the same amount.
The exchange rate of Wrapped Bitcoin is increasing. The current value of 1 WBTC is 6,025,109,888.01 GEM. In other words, to buy 5 Wrapped Bitcoin, it would cost you 30,125,549,440.05 GEM. Inversely, 1 GEM would allow you to trade for 0.000000000166 WBTC while 50 GEM would convert to 0.000000008299 WBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 21.51%. Meanwhile, in the last 24 hours, the rate has changed by 0.6%, and that the highest exchange rate of 1 WBTC to GEM was 6,126,070,114.82 GEM and the lowest 24 hour value was 1 WBTC for 5,871,915,852.24 GEM. Last month, 1 WBTC was worth 8,091,315,245.82 GEM. Today, it's down 34.29%. Looking back a year, Wrapped Bitcoin has changed by 10,497,251,919.01 GEM. That means that in a single year, the value of Wrapped Bitcoin has shrank by 74.23%.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Gems Market Stats
Gems is a protocol for contracting workers to perform micro tasks. Workers stake tokens in order to prove validity of their tasks and earn a reusable computed trust score, enhancing the cost-efficiency of the network while democratizing access to scalable micro task workers. Gems, a decentralized, open-sourced, human task crowdsourcing protocol built on top of the Ethereum blockchain. Using the Gems Protocol, anyone can tap into the power of scalable micro task workers without needing to worry about task verification, trust, or payments. Gems is designed to disincentivize malicious actors and reward fair players. The Gems Protocol is comprised of a staking mechanism to ensure task completion, a trust mechanism to track worker integrity, and a payment system to reduce transaction fees. The GEM token, a multi-utility token, fuels the Gems Protocol. Gems uses its token mechanism to enforce the behavior of all participants, instead of being regulated by a single operator. Gems Protocol, aptly named the Gems Platform. The Gems Platform connects those who want work done (henceforth known as “requesters”) and human workers (henceforth known as “miners”). By using the Gems Protocol, the Gems Platform removes socioeconomic barriers that exist in centralized alternatives (e.g. large fees, market inefficiencies, need for bank accountants, etc.). Anyone can build on top of the Gems Platform, creating “modules” that are interfaces for particular human tasks. The first module the Gems team will build focuses on labeling data for AI.
Conversion tables
WBTC to GEM values from Today at 3:45 pm
0.5 WBTC = 3,012,554,944.00 GEM |
1 WBTC = 6,025,109,888.01 GEM |
5 WBTC = 30,125,549,440.05 GEM |
10 WBTC = 60,251,098,880.09 GEM |
50 WBTC = 301,255,494,400.47 GEM |
100 WBTC = 602,510,988,800.95 GEM |
500 WBTC = 3,012,554,944,004.75 GEM |
1,000 WBTC = 6,025,109,888,009.49 GEM |
GEM to WBTC values from Today at 3:46 pm
0.5 GEM = 0.00000000008299 WBTC |
1 GEM = 0.000000000166 WBTC |
5 GEM = 0.0000000008299 WBTC |
10 GEM = 0.00000000166 WBTC |
50 GEM = 0.000000008299 WBTC |
100 GEM = 0.0000000166 WBTC |
500 GEM = 0.00000008299 WBTC |
1,000 GEM = 0.000000166 WBTC |
WBTC to GEM over time
WBTC | Today | 24H 0.60% | 1M -34.29% | 1Y -74.23% |
|---|---|---|---|---|
0.5 WBTC | 3,012,554,944.00 GEM | 2,994,421,612.70 GEM | 4,045,657,622.91 GEM | 5,248,625,959.51 GEM |
1 WBTC | 6,025,109,888.01 GEM | 5,988,843,225.39 GEM | 8,091,315,245.82 GEM | 10,497,251,919.01 GEM |
5 WBTC | 30,125,549,440.05 GEM | 29,944,216,126.96 GEM | 40,456,576,229.12 GEM | 52,486,259,595.06 GEM |
10 WBTC | 60,251,098,880.09 GEM | 59,888,432,253.91 GEM | 80,913,152,458.23 GEM | 104,972,519,190.13 GEM |
50 WBTC | 301,255,494,400.47 GEM | 299,442,161,269.57 GEM | 404,565,762,291.16 GEM | 524,862,595,950.65 GEM |
100 WBTC | 602,510,988,800.95 GEM | 598,884,322,539.13 GEM | 809,131,524,582.33 GEM | 1,049,725,191,901.30 GEM |
500 WBTC | 3,012,554,944,004.75 GEM | 2,994,421,612,695.66 GEM | 4,045,657,622,911.63 GEM | 5,248,625,959,506.48 GEM |
1,000 WBTC | 6,025,109,888,009.49 GEM | 5,988,843,225,391.31 GEM | 8,091,315,245,823.26 GEM | 10,497,251,919,012.95 GEM |
Frequently asked questions
Right now, 1 Wrapped Bitcoin is worth about $60,622.13.
Based on the current rate, you could get 0.0000165 WBTC for 1 USD.
Wrapped Bitcoin price has been on the rise. Since yesterday, the exchange rate of Wrapped Bitcoin has increased. Since last month, the exchange rate of Wrapped Bitcoin has decreased. Since this time last year, the price of Wrapped Bitcoin has decreased.
You can use our WBTC to USD calculator at the top of this page to convert any amount of WBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.00008248 WBTC. Inversely, 5 WBTC will cost about $303,110.64
Wrapped Bitcoin is available to trade on DEX within your Coinbase app. Check out our guide to get more detailed instructions on how to buy Wrapped Bitcoin.
There are a number of crypto assets that have the a similar or comparable market cap to Wrapped Bitcoin, including USDS, Lido wstETH, and Lido Staked ETH. For a more robust list of assets to explore, jump to the asset page dedicated to Wrapped Bitcoin.
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