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AlgoGems

GEMS

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About AlgoGems

AlgoGems is an open NFT marketplace for the Algorand blockchain. According to the whitepaper, the platform allows artists to mint and auction their NFTs and provides a trading platform for NFT collectors. By leveraging Algorand technology, AlgoGems offers zero-fee NFT creation and low-fee market transactions.

Behind AlgoGems, there is a community of thousands of active users who interact with their creations. The team uses a carbon-negative blockchain called Algorand to manage all NFTs and related data. AlgoGems also conducts ongoing GEMS-based governance.

GEMS is the native token of AlgoGems, used to reward creators and supporters of the platform while creating positive momentum for the Algorand ecosystem. GEMS is a multipurpose utility token. The GEMS platform capabilities go hand in hand with GEMS for the benefit of all users. The GEMS governance lets holders participate in voting to fund new initiatives, verify Algorand accounts, moderate content, prevent art theft, and classify or tokenize NFTs.

The GEMS model is designed to make the AlgoGems community and content more dynamic and valuable while maintaining the user-friendliness of the platform. GEMS governance is a way to meaningfully participate in the Algorand ecosystem, as a supporter, a creator, or both.

AlgoGems is a marketplace for creators who want an easy way to start minting and trading NFTs. There are no transaction fees for creating (i.e. minting) things on the site. Once a user creates an NFT, it is present on the Algorand blockchain, which is the underlying network, and can be traded on the Algorand blockchain.

GEMS holders receive exclusive offers during special events, lotteries, featured deliveries, and fee reductions at AlgoGems. GEMS holders get early access at future events and a higher chance of getting rare content. The GEMS model is designed to make AlgoGems's community and content more dynamic and valuable while maintaining the user-friendliness of the platform.

AlgoGems was founded in 2021 by the French company NFX Labs. The total supply of GEMS tokens is 10 million.

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Market

Canada Market Stats

Market cap

-

Volume (24h)

CA$9.82

Circulating supply

-

All time high

CA$4.32

Price change (1h)

0%

Price change (24h)

-0.01%

Price change (7d)

+8.46%

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AlgoGems is on the rise this week.

The price of AlgoGems has decreased by 0.00% in the last hour and decreased by 0.01% in the past 24 hours. AlgoGems’s price has also risen by 8.46% in the past week. The current price is CA$0.0176 per GEMS with a 24-hour trading volume of CA$9.82. Currently, AlgoGems is valued at 99.59% below its all time high of CA$4.32. This all-time high was the highest price paid for AlgoGems since its launch.

The current circulating supply of AlgoGems is 0 GEMS which means that AlgoGems has as total market cap of 0.

FAQ

What is the current price of AlgoGems?

We update our AlgoGems to CAD currency in real-time. Get the live price of AlgoGems on Coinbase.

What is the market cap of AlgoGems?

The current market cap of AlgoGems is CA$0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of AlgoGems?

The all-time high of AlgoGems is CA$4.32. This all-time high is highest price paid for AlgoGems since it was launched.

What is the 24 hour trading volume of AlgoGems?

Over the last 24 hours, the trading volume of AlgoGems is CA$9.82.

How many AlgoGems are there?

The current circulating supply of AlgoGems is 0.

Can I buy AlgoGems on Coinbase?

No, AlgoGems is not currently available on Coinbase, but you can sign up to get the latest news on AlgoGems and be notified when it gets added to our exchange.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.