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Gemstra ICO

Pre-Sale
Mar 31, 2019 – May 30, 2019
Upcoming ICO
Token sale: May 31, 2019 – Jun 30, 2019

Gemstra is a decentralized blockchain-integrated ecosystem which liberates today’s social selling economy, with the goal of building a technological protocol for social selling in retail industry.

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Gemstra ratings

ICOrating.com Gemstra icorating
Hype score Medium
Risk score NA
Investment rating NA
ICObench.com Gemstra icobench 4.2 / 5
ICOmarks.com Gemstra icomarks 9.1 / 10
TrackICO.io Gemstra trackico 5 / 5
ICOholder.com Gemstra icoholder 4 / 5
Our rating
8.9
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Overview

Project industry Commerce & Retail
Product type Ecosystem

Features

Gemstra’s mission is to make social selling accessible and awesome for everyone. Social selling, traditionally called “direct selling”, utilizes multi-level selling models that rewards people (called “Sellers” in the Gemstra ecosystem) for influencing sales through promoting brands to their social network. Social selling is a large and growing industry, yet it is extremely captive and mostly unavailable to the broader retail market.

Gemstra is building a blockchain-integrated ecosystem (ASTRA Platform) and token economy (GMS Token) to unlock social selling to the entire retail market. ASTRA is a smart contract platform. It leverages blockchain technology to put data back in the hands of sellers and enable retailers (called “Merchants” in the Gemstra ecosystem) and brands from the $24 trillion global retail economy to join social selling. Gemstra provides open source software and an SDK for Merchants to integrate with ASTRA. The GMS Token will reduce friction as ASTRA’s default exchange of value, power gamification and reward models native to social selling, and provide governance to democratize the ecosystem.

ASTRA Platform and the GMS Token are exactly what the stakeholders of social selling need - the de facto infrastructure and reward economy for an unpredictably large market.

Gemstra launched a proof-of-concept social selling marketplace called BOUTIQUES in July 2017 that gives sellers the ability to choose brands and products they want to sell and invites brands from the broader $24 trillion retail economy to participate by simply integrating their catalogs. BOUTIQUES quickly attracted 3000 sellers and 8 brands generating 7-figure annualized merchandise sales within 9 months of launch. The rapid growth of BOUTIQUES proved that retail brands want to participate in social selling and sellers desire freedom.

ASTRA - A smart contract platform

The success of BOUTIQUES inspired Gemstra to build a broader solution to liberate social selling to the broader retail economy (worth over $24 trillion globally). ASTRA is a blockchain-integrated platform that serves as technological infrastructure for social selling. ASTRA’s blockchain technology allows sellers to keep customer and network data they worked hard to generate, merchants to host transactions between multiple brands and myriad sellers, and brands to offer customized commission and rewards as well as a portable catalog that can be integrated with any variety of merchants. ASTRA promotes fair behavior and creates a trustless ecosystem for all actors in the social selling model. Gemstra will make the BOUTIQUES software open source and develop a SDK for merchants and brands to easily deploy a social selling business on ASTRA.

GMS Token - Exchange of value, rewards, gamification, and governance

By tokenizing ASTRA with the GMS Token, Gemstra reduces friction in the social selling transaction. GMS is an ERC20 token that serves as the most cost-effective method of exchanging and storing value. GMS is the default method of commission payment to Sellers. GMS can be used to purchase products at any Merchant. More importantly, GMS powers a gamification system that can be customized by brands and merchants for sellers. Gamification is the second most important form of incentive in social selling. Gamification can be based on achievement or engagement. Community and recognition are primary drivers of retention in social selling. Sellers form teams within a broader community that provides support, encouragement, and accountability. Recognition within a community drives Sellers to grow or minimally maintain their achievements. GMS provides an ideal reward construct that drives gamification through community and recognition. Distributions awarded by voting and special access granted by staking are GMS features that further incentivize Sellers to grow. Finally, GMS creates a system of governance within ASTRA so its actors have decentralized control over changes made in the ecosystem.

Value to the Actors

  • Sellers
  • Sellers drive sales for Merchants and Brands through direct promotion and social influence. Previously, Sellers were confined to a single merchant and risked losing their customers, teams, and incomes should they seek mobility. (eg. An Amway rep cannot take her customer and transaction data with her should she want to join another company.) For the first time, Sellers have the freedom to choose what they want to sell and who they want to sell with. Sellers can participate with any Merchant (or Brand) in the Gemstra ecosystem. All user and transaction data generated by Sellers belong to them in ASTRA. Sellers control who can or cannot access this data in the ecosystem.
  • Merchants
  • Merchants administer software, host the genealogy (network), define the compensation (architecture) plan, and provide the platform for Sellers to transact with their customers by selling products from Brands. Merchants can easily participate in ASTRA by using BOUTIQUES open source software or integrating ASTRA with their existing platforms through an SDK. Like in the broader retail economy, Merchants are curators of Brands. (eg. Sephora curates more than 300+ brands in their 1200+ stores) Brands can elect to operate as Merchants in ASTRA as well. (eg. Nike operates its own ecommerce site and stores. Nike also sells through other retailers like Footlocker or Champs.) The Merchant layer allows retailers from outside the industry to participate in social selling by activating dormant influencers / customers and inviting Brands they already do business with. While this layer can be disintermediated, Gemstra believes that the consumer economy will continue to value curation by Merchants.
  • Brands
  • Brands provide their catalog and define custom commission levels at Merchants they integrate with. Brands can integrate with multiple Merchants to access different genealogies (networks) of Sellers and Customers. Brands can be their own Merchant in ASTRA as well. Each Brand’s catalog is made portable on the blockchain. Sales volume information and other Brand data can be shared with Merchants and Sellers to show product performance.

    ICO Details

    Pre-ICO token supply: 400,000,000 GMS
    ICO token supply: 6,400,000,000 GMS
    Soft cap: 8,000,000USD
    Hard cap: 80,000 ETH

    Legal

    ICO Platform: Ethereum
    Country limitations: USA, China
    Registration country: United States
    Registration year: 2017

    Token info

    Ticker: GMS
    Type: Utility-token
    Token price in USD: 1 GMS= 0.01 USD
    Token price in ETH: 1 GEMS = 0.0001 ETH
    Accepted currencies: ETH, BTC, Fiat
    Bonus program:
    Presale Round 1: 50% Bonus
    Presale Round 2: 40% Bonus
    Presale Round 3: 30% Bonus
    Public Round 1: 20% Bonus
    Public Round 2: 10% Bonus
    Public Round 3:  0% Bonus
    Token distribution:
    40% - Sale
    30% - Growth
    20% - Team
    10% - Advisors
    Funds allocation:
    38% - Marketing & Business Development
    22% - Software Development
    18% - Operational Expenses
    12% - Reserve
    5% - Legal
    5% - Misc

    Gemstra Roadmap

    1
    July 2008- Early Idea

    Envisioned ecommerce / marketplace disruption of direct selling industry.

    2
    2010- First Attempt

    Launch horizontal portfolio of ecommerce brands.

    3
    2013- Second Attempt

    Launch omni-channel single brand called JewelScent.

    4
    May 2015- Pivot

    Start building the Gemstra Backoffice platform.

    5
    May 2017- Alpha

    Gemstra Boutiques - centralized Merchant with decentralized Sellers and Brands.

    6
    June 2017- Expand Vision

    Gemstra Token - economy to truly decentralize social selling economy.

    7
    July 2017- Beta

    Gemstra Boutiques August 2017 Add 7 Brands to Gemstra Boutiques.

    8
    September 2017- Proof of Concept

    Smart contract economy to transact retail sales between Seller > Merchant > Brand on ERC20.

    9
    October 2017- Proof of Concept

    Customizable multi-level economics.

    10
    June 2018- Broker-Dealer / Legal

    Established Broker - Dealer engagement with Entoro for STO offering and finalized legal for private Token Subscription Agreement and ICO.

    11
    July 2018- Pre-ICO

    Prepare/Launch pre-sale for GMS token.

    12
    October 2018 - GMS Token

    Add GMS Token support at checkout layer + Seller GMS withdrawal for commissions.

    13
    November 2018- Public ICO

    Prepare/Launch public sale for GMS token.

    14
    December 2018- End ICO

    Completion of the Public Sale/Distribution of tokens.

    Project team

    CEO in Gemstra - 1
    Jay Cheng
    CEO
    linkedin
    CRO in Gemstra - 2
    Joseph Lau
    CRO
    linkedin
    COO in Gemstra - 3
    Kevin Gambill
    COO
    linkedin
    CFO in Gemstra - 4
    Janelle Mitchell
    CFO
    linkedin
    CTO in Gemstra - 5
    David Odere
    CTO
    linkedin

    Advisors

    President Epox International in Gemstra - 6
    James Kuo
    President Epox International
    linkedin
    Serial Entrepreneur in Gemstra - 7
    Ivan Ramirez
    Serial Entrepreneur
    linkedin
    President & CEO Princess House in Gemstra - 8
    Connie Tang
    President & CEO Princess House
    linkedin
    Blockchain Advisor in Gemstra - 9
    Paul Sri
    Blockchain Advisor
    linkedin
    Ex C.O.O. Of BeautyCounter in Gemstra - 10
    Steve Raack
    Ex C.O.O. Of BeautyCounter
    linkedin
    Chief Marketing Officer in Gemstra - 11
    Ted Hong
    Chief Marketing Officer
    linkedin
    Co-Founder, Mucker Capital in Gemstra - 12
    William Hsu
    Co-Founder, Mucker Capital
    linkedin
    BountyHive CEO in Gemstra - 13
    Tudor Stomff
    BountyHive CEO
    linkedin
    Advisor in Gemstra - 14
    Jun Hao
    Advisor
    linkedin
    Advisor in Gemstra - 15
    Naviin Kapoor
    Advisor
    linkedin
    Advisor in Gemstra - 16
    Hung Chih (Jason Hung)
    Advisor
    linkedin
    Advisor in Gemstra - 17
    Jeremy Khoo
    Advisor
    linkedin

    Social media

    Web-site Reddit Medium YouTube Telegram btctalk LinkedIn Twitter Facebook github

    MVP

    MVP URL

    User rating:

    5/5 ( 1 )

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