INTRODUCTION
Selling is a critical skill to survive in this era because you need to convince people to buy what you are offering. Social selling is the type of sale that has been in existence for years now; this has grown into a multibillion-dollar industry with nothing less than a 10% increase in market share every year. The giants using this model include AIM GLOBAL Amway and many other reputable brands in the industry. The emergence of social media has even bought more development in this sector. The market is cornered by the few giants in the industry which makes it difficult for new retailers to enter the market the products of these giants in the industry are overpriced and makes it difficult for new sellers to compete with them. The incumbent seller also makes it extremely difficult to get customers data and information which makes new sellers lose earned income when they want to move to a new market. Gemstra is a blockchain based project which goal is to revolutionize the social selling economy completely. The aim is to offers a technology offers a platform that creates a decentralized market where social selling can be available to everyone.
WHAT IS GEMSTRA
The Gemstra's platform is a blockchain compliance technology that wants to make social selling accessible to everyone. The decentralized platform based on the blockchain technology offers to deliver a fair marketplace that everyone can sell their products and not in the cornered market like we have today. This will be done with their token (GMS Token) that will unlock the market for everyone.
THE PROBLEM FACED BY SELLERS
The few problems faced by sellers in entering the market are explained below:
LESS CONTROL
The social selling industry transaction is mainly monopolized by a few merchants, and middlemen’s. They make it difficult for sellers to have access to the customer’s transaction data. The today social selling industry the big giants control the sellers.
CORNERED MARKET
The big brands limit new sellers from entering the market. This is because the system needed to function as customers support; rewards and commission limit the new merchants from entering the market. This gives the Giants even more opportunity to expand more and corner the whole market. The sellers, in summary, are unable to compete with this incumbents brand in the social selling industry.
GEMSTRA’S MODEL
The diagram above shows the model of the platform and how they will revolutionize the social selling industry.
- MERCHANT
The platform will make it easy to become a merchant by choosing the product and services they which to sell. This will also give opportunities to others retailers to join the catalog. Gemstra will make the boutique software available to sellers to develop their social selling system on our platform easily. - BRAND EXPOSURE AND ACCESS TO CUSTOMERS DATA
The sellers will have more exposure because their product will be listed and they will be able to control transaction through the mart contract technology the platform is based on. ASTRA is a blockchain-integrated platform that serves as a technological infrastructure for social selling. ASTRA’s is a blockchain technology that allows sellers to have control over customer’s data and offers commissions, reward that can be customized on the platform. The Gemstra platform provides a fair model where all players in the marketplace have a competitive edge.
AMSTRA TOKEN (GMS)
The only token that will be used for exchange and store of value on the GEMSTRA platform is called AMSTRA token (GMS), blockchain compliance token. GMS will be utilized for the buying and transaction between merchants and sellers. This can also be used for commissions and customized rewards on the platform. This token will make the social selling industry decentralized by creating an open market for everyone and not for big brands alone.
GMS TOKEN INFORMATION
Token: GMS
Platform: ERC-20
Allocation for sale 6,400,000,000 GMS
Supply: 16,000,000,000 GMS
ICO Price: $0.01
GMS TOKEN ALLOCATION
Sale: 40%
Bounty program and consultants: 10%
Project development and marketing: 30%
Project team: 20%
ROADMAP
TEAM
CONCLUSION
Gemstra is a blockchain based project that allows social selling market available to everyone. The platform provides a technology that offers a fair playing ground for every seller in the social selling industry. I will love to appreciate the team and advisors for the excellent job done in bringing such a platform that revolutionizes the social selling.
For more information, check the links below:
Official Website: https://gemstra.com/
Whitepaper: http://docsend.com/view/xvyqq7a
ANN Thread: https://bitcointalk.org/index.php?topic=4713980
Telegram: https://t.me/gemstra
Twitter: https://twitter.com/gemstraofficial
Facebook: https://www.facebook.com/gemstraofficial
Reddit: https://www.reddit.com/r/Gemstra
AUTHOR'S DETAILS
Bountyhive Username : Airdrophive
Referral link : bountyhive.io/r/Airdrophive