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$GEMS rises 213% after token burn and vesting
Gate.io News: The price of $GEMS, the native token of Gems, has increased by 213% in the last 24 hours after the project team announced the burning of 57,052 $GEMS tokens and locking 57,052 $GEMS tokens for 12 months as a deflation mechanism to drive-up its value.
$GEMS currently trades around $0.15702 (GEMS/USDT), with a market capitalization of $61.65M, and a 24-hour trading volume of $2.30M according to Gate.io trading chart.