Overview:
It is a cryptocurrency token backed by Colombian emeralds, Colombian emeralds are one of the precious and unique thing in the world, people are started trading it, only 5-10% of the annual production is used for investment and these figures are expected to grow up to 50%. It connects the investors and producers using blockchain technology, it works with tokenization model, backed by well experienced team.
Problems:
Generally, Colombia emeralds are very costly, and it requires sufficient knowledge to invest in the emeralds, otherwise it may lead to huge losses, lack of trust in the system and it does not accept small and partial investments. Small investors are not able to investment in the emeralds.
Even emerald producers are also facing the issues like high cost of operation due to many intermediators and they don’t get opportunities to expand or diversify the market.
Solution:
Gemera came up with the solutions for the investors and producers in the emeralds trading, by providing modern investment opportunity. Its crypto tokens are fully backed by assets, users can hold the emeralds directly from producers (Columbia) without need of third parties or intermediates, which provides benefits to both the investors and emerald producers. Columbia emeralds has unique factors like physical attributes and its scarcity. It uses blockchain technology which ensures transparency in the transactions and its provides the all the data related to trading techniques for the new investors, company location and audit result is stored in the decentralized network using Inter planetary file system.
Token economy:
Gemera issues Ethereum based utility tokens called “GEMA” which can be used in the internal ecosystem for the services like physical emerald redemption, trading etc.
Token details:
Token symbol: GEMA
Token Type: ERC20
1 GEMA Approximately equal to 1 USD
Softcap: $500K
Hardcap: $30,000,000
Accepted payment-ETH
Pre-Sale: 10th Sep to 24th Oct 2018
Main Sale: 25th Oct to 12th Dec 2018
Team:
Jorge Pelaez ¬¬-CEO
He’s a serial entrepreneur and a founder of projects in the IT industry with having broad experience in IT and Project Management. He’s also an angel investor, crypto enthusiast and Ethereum adopter.
Nicolas Revollo-CTO
He’s a serial entrepreneur with having 15 years of experience in IT industry. He’s also having experience in the knowledge of blockchain technology and networking. Also, a Co-Founder of Alko, which is an ERP services company operated since 2007.
Nataly Leon-COO
She’s a CEO of Vetas Sierra Alta, She’s an Environmental Engineer, with ten years of experience in management of environmental projects in the emerald sector. She has centered her professional efforts on working for the benefit of the communities living near mines, in Colombia, leading corporate social initiatives in that region.
Verdict:
Pros:
• Idea of the project looks good, it is providing benefits to both investors and producers
• Website and whitepaper has clear explanation about the project
• Its market place is available on their website, here you can buy and trade the emeralds
• Roadmap is clear about their goals to be achieved till 2020
• Partnered with Cunas (Columbia emeralds), Coinmercenary, allmax, etc.
• Core team members are well experienced in Graphic Designing, Developer, Digital Marketing, Marketing, PR, IT and Blockchain Technology.
• Advisory team looks good, they have experience in various fields like Programming, Computer Security, Jewellery Design, Researching and Blockchain.
Cons:
• Social media hype is low, its telegram community has 900+ members (at the time of writing)
• No technical explanation about the working
Links:
Website: https://www.gemera.io
Whitepaper: https://src.gemera.io/src/GemeraWhitePaper.pdf
Telegram: https://t.me/GemeraProject
Twitter: https://twitter.com/GemeraProject
Facebook: https://www.facebook.com/GemeraProject
ANN thread: https://bitcointalk.org/index.php?topic=4789620
Medium: https://medium.com/@gemeraproject
Reddit: https://www.reddit.com/r/GemeraProject/
Bitcoin talk Username: anushkamehta0902
Bitcoin talk profile link: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH address: 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a