We liberate Social Selling
The commerce juggernaut.
Social selling is growing at an astounding rate. With a worldwide market over $180Billion (USD) growing 10% per year, social selling is poised to be the largest gig economy of the future. Industry leaders like Amway and Avon empower teams of independent sellers to earn income by sharing products they love through people they know. 120 million people worldwide benefit from social selling today with adoption accelerating as the social media gives them more reach than ever. Social selling is on pace to exceed $1 Trillion within 10 years, yet this growing industry is far from perfect.
Rated on Aug 24, 2018
Weak team - no blockchain expertise. MVP is a commerce web-template - there's no sign of token or blockchain involvement (I have seen whitepaper mentioning ASTRA SETTLEMENT smart contract)! Plenty of similar concept (apart from social selling +1 for that) ICOs couldn't keep up the market after the ICO. 40% for token sale and 30% for rewards/commission so ideally 70% of tokens will be worth 18m! High risk of ROI.
Rated on Aug 20, 2018
"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."
How many merchants have downloaded the Gemstra SDK to date?
Rated on Aug 12, 2018
Very Strong team and KYC is done. Facebook is already doing social selling and it has massive potential. There are concerns about lower % of tokens in sale only 40%. There will be some competition from current social media giants as well. Best of luck team.
Rated on Aug 8, 2018
Modified on Aug 9, 2018
The team has a proven track record in the business they are operating in and I dont doubt their ability to execute the technology and marketing needed to drive this forward. The team have built and flipped businesses successfully before in this area and have network and brand flow to scale.
The whole direct marketing industry I think is changing a lot with agencies being eliminated in the middle and this is think is a sweet spot and will row going forward as more people are looking to work in gig economy and work at home with flexibility along with online digital skills.
The current boutique is very easy to set up and pretty idiot proof that should help roll out.
I am not sure I really like tokenomics, I think founder at 20% is high which at full raise is 9m USD and advisors at 10% so 4.5m USD at a full sale. About 3.6m USD for software also looks pretty high, but maybe if dev is being done in California thats the price compared to other dev
From the outside the sales forecast looks very high with 120bn in 10 years, I am not an expert in the volumes going via this type of platform but looked at Apple sales in quarter to June 18 and it was about 53bn which makes me feel like even in 10 years 120bn is a large number.
I like the underlying business but not quite so sure about the overall potential growth in token value, especially on the short to medium term. Saying that the team have got explosive growth before so maybe one worth taking a punt on
Rated on Oct 9, 2018
I really don't see a strong use case of blockchain here and there have been companies that have tried to do the same thing without blockchain tech as well. Team is experienced though and I believe they can pull it off.
Rated on Oct 9, 2018
Good team, will be a challenging project in this environment, however the founder has great experience and they have solid advisers on the project.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.
Rated on Aug 24, 2018
KYC is done. The team is quite strong with a proven track record. This will give confidence to the potential investors. Strong vision, they have the potential to capture a market in Asian countries. Another plus point is that the company is put the blockchain technology to good use.
Rated on Sep 28, 2018
Modified on Sep 28, 2018
The vision has great potential and blockchain is core for project validity, however the team lacks dedicated talent in blockchain development.
Previous milestones have been achieved and clearly defined for the road ahead.
I do question the projections, I’m always sceptical when projections exceed 3yrs.
Rated on Oct 12, 2018
Its a big marketplace with high potential in future. Facebook shows us that social selling is a huge market. Gemstra will use the Blockchain technology to connect participants directly to each other and provide security. The team has experienced advisors. On the website sellers and brands could already sign up and use the platform. The website looks good with good explanation. Good luck.
Rated on Aug 6, 2018
I have seen this model work well while living in Asia, adding blockchain will create a new element of incentivization. Need to make sure to focus on localization as well.
Rated on Aug 10, 2018
I like this project with it's advantage that it creates a social system where buyers, brands, and merchants can conduct business without intermediaries on the decentralized platform. This makes it easier for users to get their desired products through working with their system.
Buyers who want to usd platform woulf find it easier to find their desired goods.
Great project with great team.
Rated on Aug 9, 2018
In true blockchain philosophy, mass adoption will push this project and help boost local economies. Competent team, brilliant vision and a sure-sell product.
Rated on Aug 9, 2018
Many brick and mortar retail stalls have problems competing in the online market space due to cost and knowledge. With Gemstra, these retails stalls can gain access to the online marketplace.
Rated on Aug 30, 2018
Solid and experienced team, the KYC is done, the boutique is highly user friendly and easy. There's a good growth potential, even though I'm not so sure about it on the short and medium term. The lower % on tokens distribution is quite concerning, and founder at 20% is a little hight, to be honest. The sales forecast looks quite high as well (120bn in 10 years). This model worked really nicely in Asian countries, I believe that adding blockchain would inventivate it even more.
Rated on Sep 8, 2018
Like the idea, it’s something new to the crypto space. Team looks strong but lacks blockchain experience.
With the gig economy growing, this is something that I can see developing nicely in the future.. however, with instabilities with crypto, it might be hard for a seller to rely on a coin that might drop 50% in value overnight. Over time crypto will stabilize so that would only be a short term concern.
They already have partnerships and users, and seeing big direct marketing companies like Herbalife and that skin care company, I’m sure this will do well too.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
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TeamApply as an advisor
President Epox International
President & CEO Princess House
Ex C.O.O. Of BeautyCounter
Chief Marketing Officer
Co-Founder, Mucker Capital
Hung Chih (Jason Hung)
Envisioned ecommerce / marketplace disruption of direct selling industry.
Launch horizontal portfolio of ecommerce brands.
Launch omni-channel single brand called JewelScent.
Start building the Gemstra Backoffice platform.
Gemstra Boutiques - centralized Merchant with decentralized Sellers and Brands.
Gemstra Token - economy to truly decentralize social selling economy.
Gemstra Boutiques August 2017 Add 7 Brands to Gemstra Boutiques.
Smart contract economy to transact retail sales between Seller > Merchant > Brand on ERC20.
Customizable multi-level economics.
Established Broker - Dealer engagement with Entoro for STO offering and finalized legal for private Token Subscription Agreement and ICO.
Prepare/Launch pre-sale for GMS token.
Add GMS Token support at checkout layer + Seller GMS withdrawal for commissions.
Prepare/Launch public sale for GMS token.
Completion of the Public Sale/Distribution of tokens.