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About GEM and RAY
Gems is falling, while Raydium is climbing this week. The current GEM to RAY conversion rate is 0.000005099. Inversely, this means that if you convert 1 RAY you will get 196,122.27 GEM. The conversion rate of GEM/RAY has increased by 0.65% in the last hour (RAY/GEM decreased by 0.64%). In the last 24 hours, GEM/RAY shrunk by 3.28%, while RAY/GEM grew by 3.4%.
The exchange rate of Gems is decreasing. The current value of 1 GEM is 0.000005099 RAY. In other words, to buy 5 Gems, it would cost you 0.000025494 RAY. Inversely, 1 RAY would allow you to trade for 196,122.27 GEM while 50 RAY would convert to 9,806,113.45 GEM, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.05%. Meanwhile, in the last 24 hours, the rate has changed by 3.82%, which means that the highest exchange rate of 1 GEM to RAY was 0.000005399 RAY and the lowest 24 hour value was 1 GEM for 0.000004825 RAY. Last month, 1 GEM was worth 0.000006078 RAY. Today, it's down 16.11%. Looking back a year, Gems has changed by 0.000006032 RAY. That means that in a single year, the value of Gems has shrank by 15.47%.
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.
Raydium Market Stats
RAY is the native utility token for Raydium, an automated market maker (AMM) and decentralized exchange built on the Solana blockchain. Holders can stake RAY to earn a portion of protocol fees, participate in initial DEX offerings (IDOs), and vote on governance proposals regarding the platform’s development.
Conversion tables
GEM to RAY values from Today at 7:03 am
0.5 GEM = 0.000002549 RAY |
1 GEM = 0.000005099 RAY |
5 GEM = 0.00002549 RAY |
10 GEM = 0.00005099 RAY |
50 GEM = 0.0002549 RAY |
100 GEM = 0.0005099 RAY |
500 GEM = 0.002549 RAY |
1,000 GEM = 0.005099 RAY |
RAY to GEM values from Today at 7:03 am
0.5 RAY = 98,061.13 GEM |
1 RAY = 196,122.27 GEM |
5 RAY = 980,611.35 GEM |
10 RAY = 1,961,222.69 GEM |
50 RAY = 9,806,113.45 GEM |
100 RAY = 19,612,226.91 GEM |
500 RAY = 98,061,134.54 GEM |
1,000 RAY = 196,122,269.08 GEM |
GEM to RAY over time
GEM | Today | 24H -3.97% | 1M -19.20% | 1Y -18.30% |
|---|---|---|---|---|
0.5 GEM | 0.000002549 RAY | 0.000002651 RAY | 0.000003039 RAY | 0.000003016 RAY |
1 GEM | 0.000005099 RAY | 0.000005301 RAY | 0.000006078 RAY | 0.000006032 RAY |
5 GEM | 0.00002549 RAY | 0.00002651 RAY | 0.00003039 RAY | 0.00003016 RAY |
10 GEM | 0.00005099 RAY | 0.00005301 RAY | 0.00006078 RAY | 0.00006032 RAY |
50 GEM | 0.0002549 RAY | 0.0002651 RAY | 0.0003039 RAY | 0.0003016 RAY |
100 GEM | 0.0005099 RAY | 0.0005301 RAY | 0.0006078 RAY | 0.0006032 RAY |
500 GEM | 0.002549 RAY | 0.002651 RAY | 0.003039 RAY | 0.003016 RAY |
1,000 GEM | 0.005099 RAY | 0.005301 RAY | 0.006078 RAY | 0.006032 RAY |
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