Description of EtherGem: EGEM is the stable pure no pre mine coin with applied technologies peernet and per block endowment (Founders Reward).
What does that really mean, though?
EtherGem, "EGEM," is a pure community-based coin with no pre mine. True to its rootsShow more [+] as a cryptocurrency, the Proof of Work mining community will always be a part of the EGEM future and is the foundation of the EGEM launch. There is no ICO on EGEM and EGEM is its own primary blockchain, not just a token or concept on another chain.
The EtherGem blockchain is an ethereum network, meaning it starts with the tested and proven ethereum (as in ETH) core technologies and builds from there. Technically EGEM is a Ethereum chain as described in the yellow paper, with EIP150, EIP155, EIP158 applied from block 0. Block Rewards have 7 Eras of reduction, including a founders reward enabled after block 5000.