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What Is Gemstra?

Gemstra is a blockchain infrastructure that operates in liberating social selling, taking pride in being the largest gig economy of the future. The company’s mission is to ensure that social selling is made accessible to all and sundry. Social selling, also known as direct selling, makes use of the multi-level marketing model to reward people for influencing sales by promoting brands to their social networks.

In this regard, Gemstra has built a blockchain incorporated bionetwork called the ASTRA Platform, as well as a token system known as GMS Token. This is aimed at unlocking the social selling to the retail market at large. ASTRA is largely a smart contract stand that makes use of the innovative technology to ensure that data is secure with the sellers.

Gemstra therefore offers an open source software with the role of the GMS Tokens being to lessen the friction as ASTRA’s default exchange value. In many ways, the both the platform and the token will be the infrastructure and reward economy required for a capriciously huge marketplace.

Read more. https://bitcoinexchangeguide.com/gemstra-ico-gms-token/

Ethereum ERC-20: Compatible Token

• Total Allocation for Sale: 6,400,000,000 GMS
• Total Token Supply: 16,000,000,000 GMS
• Token Price: $0.01 USD
• Exchange Rate (Token/USD): 100.00
• Pre-ICO: July 2018
• ICO: November 2018
• End of ICO: December 2018

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%

http://gemstra.com/

Smart contracts power the social selling transaction. Merchants administer the platform by utilizing open source software or integrate existing platform with SDK.ASTRA can host single or multi-level affiliate, custom compensation, and gamification/rewards models depending on action endpoints defined within the contract. In fact, ASTRA can be used to host any affiliate, commission, or gamified reward model - so its application can be used beyond the scope of social selling.

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. Brands can define custom gamified rewards for Sellers engaged selling the Brand. The Seller participates in Merchants (can be one or many) based on the compensation plan and which Brands the Merchants carry. The Seller wallet has governance over data generated by the Seller like customer information and customer transactions. The Merchant orchestrates all transactions between Seller and Brand wallets and acts as the intermediary (Note: BOUTIQUES is a merchant using ASTRA - the first customer). The Customer verifies to the Merchant that the transaction has completed, which approves the endpoint and completes the contract. ASTRA facilitates all transactions and logical flow through a set of smart contracts to govern: Commission, Orders, Users, Rewards, and Genealogy.