Convert Gems GEM to HyperAGI HYPT

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.

HyperAGI is a decentralized network for peer-to-peer electronic intelligence transactions (built on Orbit Layer3 over Arbitrum One), with the vision of building Web3 AGI. It leverages blockchain technology to guarantee the scarcity of human-level electronic intelligence (anti-inflation), as well as the decentralization and freedom of peer-to-peer electronic intelligence exchange. Inspired by the incentive and consensus mechanisms of the Bitcoin electronic cash network, HyperAGI dynamically adjusts incentive difficulty based on the total inference capacity of AI models across the network (Token Rate), achieving inference performance comparable to centralized AI data centers and meeting the reasoning demands of human-level electronic agent economic activities. The $HYPT token is an ERC-20 token deployed on Arbitrum One. It is used to reward nodes and AI agents in the HyperAGI inference network and to cover gas fees for AI agent inference. This ensures every computation is measurable while also serving as the settlement currency between on-chain AI agents and humans.