Marcus Aurelius, a Roman Emperor, once said, “an emerald shines even if its worth is not spoken of.” Since the time of Marcus Aurelius, and probably way before that, emeralds have already found their way in courts and palaces. Emeralds come in several varieties, but the Columbia variety is said to be the most famous, the most desired, the most precious and the most energetic of them all.
Columbian Emeralds are used extensively in engagement rings and other kinds of jewelry, but rarely as a form of investment. This is because bars to entry are extremely high. A huge investment is not the only thing required to get started on the business, but experience and knowledge as well. If you want to venture into the business, you need to have a few thousand dollars at the very least, and enough skill to identify if the gems are really valuable or not. On the side of the producers, profits are reduced by a huge margin because of the many intermediaries along the way.
These issues have helped pave the way for the development of Gemera, a crypto token backed by Columbian Emeralds, which have an exceptionally high store of value. Gemera Founders have seen the apparent need in transforming the Emerald Industry, making it more receptive to current trends, and this, the team will do through the creation of an asset-backed crypto coin, Gemera. The team believes adopting blockchain technology to make this happen will re-create a stronger, more responsive Emerald Industry. It will decentralize the process, thereby reducing the participation of agents and intermediaries, and in doing so, also reduce the retail cost of Columbian Emeralds while increasing the profitability margin of the producers. Blockchain adoption will also open a new and wider market for Columbian Emeralds, making them more accessible to individual buyers. Looking at this, Gemera is seen to benefit the small investors, the producers, and the consumers.
The Gemera Team has made it so that each emerald will have a corresponding value in Gemeras, which value will be determined by gemologists and experts by way of an Emerald Assessment Process. Gemera supply will be limited, and will be made available to potential investors during a Token Generation Event (TGE). Gemeras acquired during the TGE will be transferred to the investor’s compatible wallet. When the Gemera supply is depleted or the TGE ends, the emeralds will go through a rigid selection process to be conducted, no less, by gemologists and experts, and then those emeralds that pass the quality control will be duly certified. Then the Emerald Assessment Process begins to determine the corresponding value in Gemeras. In assessing the emeralds for quality, the Assessment Team will take into account color, clarity, enhancements, cut and carat weight of the emeralds.
All data concerning the emeralds, such as images, videos, features, certification, value in Gemera, and the like, will be uploaded to the Gemera Marketplace to be freely explored by token holders and those interested to buy the products. Meanwhile, emeralds will be stored in a security vault.
So, the Token Generation Event will happen in this manner:
Token holders will be able to save their Gemeras in their wallet, or have them exchanged or redeemed for real emeralds via the Gemera Marketplace. Token holders who choose to redeem their issued Gemeras for real emeralds may do so by first complying with the KYC/AML requirements. The request will go through a verification process, and once approved, token holders may then proceed with the process of selecting the emeralds, a process guaranteed to be easy as the marketplace will feature videos and pictures of the emeralds in various angles. Emeralds will be delivered by mail, but the shipping cost of which will be shouldered by the token holder. Meanwhile, the redeemed Gemeras will be burned. Token holders who choose this redemption option are also advised to check with their governing authorities as Emeralds may be subject to tax.
There are several other Asset-backed crypto tokens in the market today, and while they, too, are tradeable and redeemable for real products, only Gemera keeps its supply limited, only Gemera has a real and direct connection with its asset producer, and only Gemera takes its social and environmental responsibility seriously. Most of us do not realize that that process of mining emeralds is actually detrimental to the environment. Sometimes, trees have to be cut down or burned just to mine emeralds, and the soil gets eroded in the course of doing so. The Gemera Team promises to do its share to the welfare of the environment and the workers involved by contributing 3% of its revenues to promote or support activities to this end.
The Gemera project will have another advantage over its competitors. It banks on two revenue streams, the Token Generation Event and the redemption process where it earns a 3% fee. This makes it highly sustainable, considering further that the demand for Emeralds is very strong.
Looking at the Gemera Project as a whole, and factoring in the smart way it makes use of blockchain technology to achieve its goal of creating a crypto token backed by real Columbian emeralds, its founding team and team of advisors composed of IT and blockchain experts, entrepreneurs, gemologists, and the President of the Columbian Emeralds Association, and its partnership with the Columbian Emerald Mine Cunas, we can see a bright future for Gemera. More people will be motivated to ventur into the business even if they are not necessarily experts nor have a keen eye for precious gems. More people, crypto holders among them, will have the opportunity and the confidence to invest in the project because the technology will allow transactions to be traceable, auditable, and made on a trustless platform. This means, regular people, like you and I, perhaps, will be able to get their hands on real emeralds, and the most valuable variety, the Columbian variety, at that. Meanwhile, producers will be highly incentivized, too, because they will be able to expect a higher profit margin this time as there are no more intermediaries eating much of their profits. Even now, we can, therefore safely assume that Gemera will cause the burgeoning of the Emerald Industry, and with it come numerous economic advantages.
Token Details:
Token: GEMA
PreICO Price: 1 GEMA = 1 USD
Platform: Ethereum
Soft cap: 500,000 USD
Hard cap: 30,000,000 USD
Country: British Virgin Islands
For more information, visit the following pages:
Whitepaper: https://src.gemera.io/src/GemeraWhitePaper.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4789620
Website: https://www.gemera.io/
Telegram: https://t.me/GemeraProject
Twitter: https://twitter.com/GemeraProject
Facebook: https://www.facebook.com/GemeraProject
Medium: https://medium.com/@gemeraproject
Youtube: https://www.youtube.com/channel/UCnxEo6-cWrZOB3kiFxMvcpw
Bitcointalk User: Kalikanan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2079149