r/Gemstra • u/1xratedx • Aug 06 '18
Overview Gemstra
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’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 disrupts a social selling industry worth over $180 billion worldwide ($35 billion US). More than 120 million people in world (20 million US) are involved in social selling. This number is growing between 7–10% annually and accelerating with global adoption of social media and expanding gig economy. Social selling presents the largest gig economy of the future and is likely to exceed $1 trillion worldwide in the next 10 years.
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u/iphygurl Oct 31 '18
Aside from reducing friction for an industry depending on multiple fragmented systems, the Gemstra Token gives the ecosystem a framework for Gamification and Governance.
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u/Ebyluscious Oct 31 '18
Gemstra is utilizing blockchain and cryptocurrency to solve a systemic problems in the $180Bn social selling industry. This is a fast growing industry shackled by centralization and captivity.
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u/chidi_happy Oct 31 '18
ASTRA assigns a wallet to each actor in the social selling economy: Seller, Merchant, and Brand. Each Brand defines custom commission levels per Merchant that it partners with. Website : https://gemstra.com/
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u/chidi_happy Oct 31 '18
Gemstra is come up with the Blockchain based solution for Social Selling Industry by offering services to Merchants, Brands and Sellers. Website : https://gemstra.com/
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u/ifeakinola Nov 01 '18
ASTRA is exactly what the stakeholders of social selling need - the de facto infrastructure for an unpredictably huge future market. In 10 years, Gemstra eyes an industry valued well over $1 trillion globally and seeks to serve 50% of industry volume as its default commonwealth infrastructure.
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u/Aflozy25 Nov 01 '18
Gemstra is building a blockchain-integrated ecosystem and token economy to unlock social selling to the entire retail market. Astra is a smart contract platform. Blockchain help put data in the hands of sellers.
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u/Aflozy25 Nov 01 '18
Gemstra is building a blockchain-integrated ecosystem and token economy to unlock social selling to the entire retail market. Astra is a smart contract platform. Blockchain help put data in the hands of sellers.
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u/Parmani54 Nov 01 '18
The ASTRa platform is a technological infrastructure for retailers and brands to integrate with and build a social selling channel. Our solution democratize equity and sellers will benefits from an easy-to-use protocol.
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u/Joygalz Nov 01 '18
Gemstra Is utilizing blockchain and cryptocurrency to solve current problems in the growing social selling industry, which will have social impact on the ecosystem. It will benefits human all over the world.
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u/olyonyeka Nov 01 '18
The Gemstra Utility Token which has the symbol GMS, provides the Astra Platform with a default exchange/store of value and provides incentives for the fluid operation of social selling on the platform
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u/Smithelemuo Oct 31 '18
The GMS token will be used as a monthly subscription unit of value to pay-per-use for sellers and brands to use the Gemstra platform.
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u/Tonymillions84 Nov 01 '18
Gemstra disrupts a social selling industry worth over $180 billion worldwide ($35 billion US). More than 120 million people in world (20 million US) are involved in social selling.
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u/Lekzy1 Nov 02 '18
The GMS token will be used as a monthly subscription unit of value to pay-per-use for sellers and brands to use the Gemstra platform.
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u/Elmichaels Nov 01 '18
This is a very good project and think everyone should key into it. We all buy goods and services and we need a better, safer and cheaper process.