GEMSTRA

INTRODUCTION

Blockchain really is a system to convey everybody to the most noteworthy level of responsibility. Not any more missed exchanges, human or machine blunders, or even a trade that was not finished with the assent of the gatherings included. Above whatever else, the most basic territory where Blockchain causes is to ensure the legitimacy of an exchange by recording it on a principle enroll as well as an associated dispersed arrangement of registers, which are all associated through a safe approval component.

Today, thanks to social networks managed to correct this situation, so many products have become more affordable, and at the same time increased the demand for them.

At the moment, social sales are one of the most profitable industries. Their total amount is about 180 billion dollars. At the same time, this figure increases annually by 10 percent. Based on this, we can say that social trade will soon completely occupy the niche of sales of goods and become trade of the future.

PROJECT GOAL

The main goal of the Gemstra project is to increase the availability of social sales, fair distribution of income among all participants of the trading chain, providing opportunities for sellers to cooperate with several brands at the same time and creating the widest range of products for customers.

WHAT IS GEMSTRA

Gemstra is a blockchain-integrated ecosystem for the social selling economy. Gemstra BOUTIQUES is our flagship marketplace that connects Brands and Sellers in social selling. The success of BOUTIQUES led us to build ASTRA — a blockchain platform to serve as technology infrastructure for retail merchants to join the social selling economy. Gemstra will make the BOUTIQUES marketplace software open source and create the Gemstra SDK so any merchant (retailer) can easily add a social selling channel to their business.

OVERVIEW OF GEMSTRA

Gemstra additionally gives an innovative framework the Astra Platform; it goes to retailers and brands as an approach to coordinate and manufacture their social selling channel. They give an influence blockchain with learning set inside the fingers of merchants.

Giving this administration would permit what in the Gemstra environment are alluded as “retailers” and types from the $24 trillion global retail financial framework an approach to append social advancing.

With the open programming provided by Gemstra and a SDK, they will most likely consolidate them with the ASTRA stage, and utilize the GMS Token as ASTRA’s default exchange of worth.

This GMS Token will be utilized for each move required with installments. It would likewise be utilized for commission, rewards and, general administration of the ASTRA Platform.

PROBLEMS OF GEMSTRA

Gemstra is more useful blockchain project, it has several issues like entry barriers and so on. Some of them are as follows. The industry is walled off by few companies that have too much power. The social selling process is dominated by few major players and these players are making it difficult for new merchants to join thus creating the entry barrier. Sellers are 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.

Inefficient market cornered by Monoliths. Barriers to entry are high, limiting new merchants from entering the space. Expensive and fragmented systems are required to manage commissions, rewards, accounting, customer service, back office operations are limiting the number of new merchants. The lack of market entrants further reduces sellers options and opportunities, allowing incumbent monoliths to corner the growing industry. Merchants in social selling can often get away with overpricing products, yielding an inefficient market for sellers. Sellers are not able to complete with the brands in the broader retail economy.
Solutions for above barriers

**SOLUTIONS **

Gemstra is thought of the Blockchain based answer for Social Selling Industry by offering administrations to Merchants, Brands and Sellers. Astra stage is a blockchain biological system which enables dealers to keep client and system information for which they endeavor to produce, traders to have exchanges between various brands and merchants. Finally marks is putting forth commission or rewards. GMS token is utilized as an utility token to buy items through any traders.

The arrangement where Gemstra is concocted their plan to decentralizing the commercial center for social selling. They have propelled their verification of-idea social selling commercial center in July 2017 named Boutiques – enables merchants to pick brands and items they need to sell and welcomes brands from the gigantic retail industry.

HOW DOES GEMSTRA WORKS?

Savy contracts control the social selling exchange. Traders regulate the stage by using open source programming or coordinate existing stage with SDK.ASTRA can have single or staggered partner, custom pay, and gamification/rewards models relying upon activity endpoints characterized inside the agreement. Actually, ASTRA can be utilized to have any member, commission, or gamified remunerate model – so its application can be utilized past the extent of social selling.

GEMSTRA THE SOCIAL SELLING

Gemstra provides wallet to every merchant, seller and brand. Therefore, the transaction can occur immediately via wallet to wallet. Also brand will decide the custom commission for the merchant. Sellers have freedom to select the merchants based on the brand they are partnered with.
The Seller wallet has administration over information produced by the Seller like client data and client exchanges. The Merchant coordinates all exchanges among Seller and Brand wallets and goes about as the middle person (Note: BOUTIQUES is a dealer utilizing ASTRA – the main client). The Customer checks to the Merchant that the exchange has finished, which supports the endpoint and finishes the agreement. ASTRA encourages all exchanges and coherent move through a lot of brilliant contracts to oversee: Commission, Orders, Users, Rewards, and Genealogy.

GEMSTRA PRINCIPLE OF OPERATIONS

Members of the Astra platform will be:

i) Tradespeople;
ii) brands;
iii) implementers;
iv) clientele.

i) Merchants act as intermediaries between distributors and brands, charging for the services provided. They can charge vendors and brands for participation, as well as for advertising and providing information about the level of demand for a particular product through social surveys.

ii) Brands offer their own models of goods for sale, determine their availability, offer bonus programs for distributors, and can independently perform such functions as "sale of goods", "return" and "review". If necessary, brands can enjoy advertisements of their goods from traders.

iii) Distributors are engaged in the sale of goods of a brand to the end user. For implementation, they can use several brands at the same time.

iv) Customers can choose and purchase products. In this case, the client can make a deal with absolutely any implementer. After payment of the goods, all funds from the sale will be distributed among the participants of the sale.

GEMSTRA ECOSYSTEM

There are four actors in the social sales sector. These are customers, social vendors, brands and retailers. The gemstone ecosystem plans to bring these four groups together in a common denominator and achieve maximum efficiency. In the gemstra ecosystem, all transactions will be carried out with smart contracts as an advantage of blockchain infrastructure. All transactions will be on Astra platform. In this platform, special wallet accounts will be determined for all players who will be trading. Each brand will identify the level of commitment between each retailer in which the sales partnership is established. Brands will also be able to determine the proportion of social sellers who will sell their products.

TOKEN AND ICO DETAILS

Gemstra issues utility tokens called “GMS” which is used in the internal ecosystem for the services such as payments, commission and rewards.

Token Details:

Token symbol: GMS

1 GMS= $0.01

Total supply of tokens: 16 Billion

Hardcap: $25,000,000

Softcap: $8,000,000

Private Sale: 01st Aug to 30th Sep 2018

Pre-Sale: 1st Oct to 31st Oct 2018

Main sale: 1st Nov to 30th Nov2018

Distribution of The Tokens

Sale: 40%

Project development and marketing: 30%

Project team: 20%

Bounty program and consultants: 10 %

Distribution of Funds

Marketing: 38%

Software development: 22%

Operating expenses: 18%

Reserved: 12%

Lawyers: 5%

Other costs: 5%

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.

AMAZING PROJECT TEAM AND ADVISOR

CONCLUSION
In conclusion due to the intermediaries in between sellers can not make much profit. Because of the real business social sellers, I can tell you that only companies make money. The most basic problem in the social selling industry today is that it remains the monopoly of a few large companies and that it can't get rid of the chains.
GMS will be used for commissions, as well as in reward systems from brands for certain achievements.

For more information, please visit:

Website : https://gemstra.com/

Whitepaper : https://docsend.com/view/xvyqq7a

ANN Thread : https://bitcointalk.org/index.php?topic=4713980.0

Facebook : https://m.facebook.com/gemstraofficial

Twitter : https://mobile.twitter.com/gemstraofficial

Telegram : https://t.me/gemstra

Reddit : https://www.reddit.com/r/Gemstra/

Medium: https://medium.com/gemstra

Author: psalmyblinks

Bounty0x Username: psalmyblinks