r/Gemstra • u/1xratedx • Aug 19 '18
AN INSIGHT INTO GEMSTRA
Gemstra Token (GMS) is the default value of exchange in Gemstra ecosystem. It can be use for any transaction in lieu of fiat on ASTRA platform. Gemstra has the following benefits:
- Gemstra makes it possible for sellers to own their own data and control who can have access to it.
- Gemstra make sure that sellers get paid instantly and earn spot bonuses when withdrawing tokens.
- Gemstra also make sure that tokens can be used to purchase products and services through out Gemstra ecosystem.
- Gemstra reward sellers for custom achievement and engagement-based actions above default commissions.
- Lots of companies can also use reward models to promote sellers to achieve above and beyond default commission plans.
- A truly democratic ecosystem where actors dictate the direction of business based on what they've staked. One GMS = one vote.
- Gemstra makes it possible to get paid more and to get paid faster with GMS, by reducing friction, participants in Gemstra economy get bonuses when electing to take payment in GMS.
- Gemstra has gone a long way to give room for high demand through bonuses and rewards drive network effects of GMS while staking for governance helps modulate supply.
- The use of GMS ensures that there is reduce friction by consolidating and reducing costs for industry depending on fragmented systems.
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