The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is an enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Gemstra
what Gemstra is all about?
Gemstra is the blockchain project which is removing all the constraints of social selling and making social selling accessible to retailers, brands and sellers. Social selling is a process where the sellers are rewarded for promoting brands through their social network. ASTRA is the name of its platform and GMS tokens will be used in this ecosystem.
Gemstra is a blockchain-incorporated biological community that democratizes and frees social offering for the worldwide retail economy.
They propelled the primary social offering commercial center named by "BOUTIQUES Marketplace" in July 2017 to associate retail brands to social pitching, giving vendors the flexibility to pick items and brands they need to speak to. In under 10 months, BOUTIQUES included 8 brands, 3000 dealers, and was on track to over $5 Million in annualized deals volume.
The accomplishment of BOUTIQUES roused the Gemstra Foundation to manufacture a more extensive framework arrangement that would enable retailers to partake in the social offering without upsetting their current organizations. To democratize a generally utilized model, the Gemstra Foundation built up a keen contract arrangement called ASTRA Platform as a framework answer for retailers to coordinate its current frameworks or utilize their open source programming to have its social offering business. Vendors and brands can coordinate with any number of Merchants utilizing ASTRA. The Gemstra Token (GMS) is the default trade of significant worth for installments that offers prizes, gamification, and administration for the social offering. ASTRA Platform and GMS token scaffold the $24 Trillion retail industry to the social offering, making a capriciously substantial future market. Presently they try to end up the default innovative foundation and catch half of the social offering exchanges later on.
Problem:
The social selling process is dominated by few major players and these players make it difficult for new merchants to join thus creating the entry barrier. Sellers also do not get the deserved profit for their hard work from such merchants. Sellers also face problems while changing the merchants or brands as the community formed by such sellers is lost once they switch to other brand.
Solution:
Gemstra established “BOUTIQUES” in July 2017 which provided solution to the sellers to the choose the brands and products of their preference. Around 3000 sellers and 8 brands adopted this platform. This provided an insight to further develop the solution provided by BOUTIQUES and thus develop GEMSTRA. The platform ASTRA which is based on blockchain technology enables the seller to keep the information of customers and network data and brands and merchants can interact with each other. This platform allows brands to integrate their catalogue with multiple merchants over the platform.
GMS tokens will be used on the ASTRA platform to carry out the transactions and it will also be used for rewarding the users.
How it will Work?
The platform provides wallet to every merchant, seller and brand so that the transaction can happen quickly through wallet to wallet. Brand will decide the custom commission for the merchant that it will partner with. Sellers are free to choose the merchants based on the brand they are partnered with. Sellers also has governance over the customer information which they collect.
Advantages
Gemstra has a proven business based on established fundamental economics and operated by veteran consumer-oriented operators. Gemstra is already paying out commissions to thousands of social sellers and the numbers are growing monthly. The foundation will have live utility on October 1 and bonus sellers taking commissions in crypto and discounting all orders placed with crypto. They are going to focus on seller growth and reach $100 Million in annualized sales volume by the end of 2019. Approximately 30-40% that means $300-$400 of volume will be paid out as commission to sellers. Given their incentive model to welcome sellers to crypto use, they expect 35% election of receiving a commission in Gemstra Token (GMS).
The vision of Gemstra Foundation is about helping people achieve their dreams. Social selling can be the great equalizer. You don’t need a fancy education, a powerful title, a specific style or look. You will succeed in social selling as long as you’re passionate and willing to work hard. Social selling is about decentralizing consumer profits and putting dollars into the hands of people and their households - breaking power blocs and giving people the ability to live and earn independently on their own terms. Satoshi’s vision for a decentralized currency draws from a similar vein of belief - that there’s something wrong in the world where too much power is controlled by too few people.
Token sale structure:
Token – GMS
Total Supply – 16 Billion GMS
Price – $0.01 USD
Soft Cap – $8M USD
Hard Cap – $25M USD
Private Sale – 1st August to 30th September 2018
Pre-Sale – 1st to 31st October 2018
Crowd Sale – 1st to 30th November 2018
The Roadmap
July 2017
Boutiques Marketplace
Seeded with 200 sellers and 2 Brands
October 2017
Boutiques Marketplace Continued
Reached 1000 sellers and 4 brands
November 2017
Idea: Astra Platform
White paper drafting and deck building.
March 2018
ICO Seed Round
White paper V1 draft and Raising SEED round
August 2018
Private Sale
Tokensale App & Dashboard. Merged Boutiques & ICO sites.
October 2018
Astra Platform (for Boutiques) Public Sale
Checkout service and commission service
December 2018
Public Sale (Closed)
Distributed tokens.
January 2019
First Exchange (TBD)
Exchanges to be disclosed.
Team
Advisors
for more information please check the following links bellow:
Website: https://gemstra.com/
Whitepaper: https://docsend.com/view/xvyqq7a
Telegram: https://t.me/gemstra
Twitter: https://twitter.com/gemstraofficial
ANN Thread: https://bitcointalk.org/index.php?topic=4713980.0
Facebook: https://web.facebook.com/gemstraofficial
my bitcointalk address: https://bitcointalk.org/index.php?action=profile;u=2245735
bitcointalk username: faith400
my bountyhaive referral link: bountyhive.io/r/abiola