By Tech M, Kim Tae Hwan
Gemmy Company Inc., developing global music distribution platform powered by blockchain, is holding audition, "Gemmy Star", and the best musician will be entitled to receive Gemmy Coin(GMC), as well as an opportunity of entry into Global audition which will be held next year in liaise with Africa TV.
Some people claim that this audition is false or manipulated. This doubt may arise from uncertainty of cryptocurrencies and from that its host is not a big major label.
After a hard practice, I did participate to Gemmy Star without anybody knowing in order to verify the above doubt, as well as to assure that 3 rewards -studio recording, offering cryptocurrency, opportunity of entry into global audition- have been given at the end of audition.
The brief timeline of my audition trial is followed as below :
October 16 — Recording Audition Participation Video
November 16 — Pass the Preliminary Round of Audition
November 27 — Recording Music
December 12 — Receipt of cryptocurrency
In order to receive cryptocurrencies, it is required to sign up E-Wallet from Gemmy Company. This applies to other cryptocurrencies and crypto exchanges.
I did log in and sign up on wallet.gemmymusic.com, and then proceed authentication verification with both email address and telephone number. The registration was done as long as a password was completely set up. Also Google OTP setting was done as purpose of high level of security. This process is very simple because this doesn’t require ID number and address.
On December 12, a text message arrived from Gemmy Company, saying that Gemmy Coin(GMC)has transferred to my wallet. I confirmed that my wallet has receipt of 10,000 GMC which equals to 1 ETH. 10,000 GMC equals to KRW 90,9000, based on the market value of Ethereum (ETH) on December 12.
The GMC can be used to purchase contents on Music Distribution Platform by Gemmy Company. The GMC is converted into ETH, as well as KRW.
If the GMC gets listed on the crypto exchange, you are allowed to convert GMC into KRW at the exchange. The GMC will be listing on BitMart exchange, a premier global exchange in the cryptocurrency market. The 4 or 5 other global and Korea’s crypto exchange will follow in upcoming days.
Note : The original article has been translated to make an English version, which summarize the original articles by taking up the important concepts. If you want to read a full story of original article, please refer to the link : http://techm.kr/bbs/board.php?bo_table=article&wr_id=5412
GMC official channels
■ Official Website : http://www.gemmymusic.com
■ Official Telegram : https://t.me/gemmyworld
■ Official Blog : https://blog.naver.com/gmc1101
■ KakaoPlusFriend : https://pf.kakao.com/_xeFrkC
■ Official Facebook: https://www.facebook.com/gemmyworld/
Thanks for your reading.
From the Gemmy Coin team
“ ALL THE MIGHTY”