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nautilusmaker · May 21, 2020, 5:20pm

What is GEMERA Project?

Gemera is a crypto-token backed by Colombian emeralds that provides a mixture of secure digital assets managed by blockchain and physical Colombian emeralds stored in security vaults of safe deposit box companies. GEMERA is also compromised on the development of social and environmental projects carried out in the emerald extraction process and the communities around the mines.

GEMERA Project has many advantages, which includes No middleman, Trusted records using decentralized technologies, Incentives for small investments, Excellent store of value (crisis-proof), Partial investments, Tradeable in real time, Borderless, and Being an emerald connoisseur is not necessary. The project has established an alliance with major Colombian emerald producers who provided emeralds that are already certified and stored in secure vaults in Hong Kong. The value of emerald has increased by 135% since 2013, and it is 20 times scarcer than diamonds. Those are some of the reasons why investing in emeralds is becoming very.

GEMERA Solution:

GEMERA’s purpose is to create an innovative and modern investment opportunity that at the same time solves problems in the Colombian emerald’s value chain, through the creation of crypto-tokens 100% backed by this asset, that can be redeemed for the very gemstones they represent, and even used as a store of value or as a trading token.

Hence, by holding GEMERA tokens, investors hold at the same time the value of the emeralds that come directly from Colombian emerald producers and are stored in secure vaults. In that way, no intermediaries are needed, which translates into benefits for both, investor and producer: the first one gets incentives of around 20% of bonuses during the Token Generation Events (TGE), available also for small investments, and the producer receives up to 15% more, based on the retail price.

GEMERA has focused its efforts on the early stage of the project to create a model, along with gemologists and experts in fine Colombian emeralds, with all the necessary criteria to assess and determine the quality of the emeralds, in a clear and transparent manner. That way an investor does not need to be a great connoisseur in the emeralds field or hire expensive specialists when wanting to make an investment decision. In other words, GEMERA has a reliable method to guarantee the quality of the gemstones, as well as the adequate price according to the established criteria.

The information about the characteristics, certification, pictures, and video of the emeralds is exhibited in detail on GEMERA’s marketplace, including audit results and the safe deposit box company location where they are stored. The emerald characteristics information will be stored in the blockchain using Ethereum main network, and the certification and audit records will be stored in a decentralized manner, using the InterPlanetary File System (IPFS).

In general, GEMERA is offering a set of modern solutions for the producer to expand to new markets and to final customers to invest in emeralds in a much easier way, besides the enormous advantage of counting on an online platform, based on blockchain, to do so, an alternative that was not available in the emerald industry or in the crypto community until now.

GEMERA Token:

GEMERA (GEMA) tokens are the cryptocurrency that powers the system of Gemera and is backed by Colombian emeralds. They might be valuable as these emeralds, but at the same time, these tokens can be transferred and used just like any other cryptocurrency that you might find in the market today.

They are based on the Ethereum blockchain and use smart contracts to ensure that the transactions are safe and non-refundable.

Unlike many companies, Gemera will not have an ICO. Instead, the company will issue tokens and distribute them whenever the company buys emeralds and store them in the vault, which will happen multiple times without necessarily affecting the price of the tokens because there will be more gems backing them.

The tokens are created via smart contracts every time that a batch of Colombian emeralds gets to the safety vault that the company has in Hong Kong. As soon as this happens, a smart contract will create new tokens all at once. Investors that buy the first batch of tokens will have a discount of 10% on the price of the tokens. You can buy the GEMA tokens using ETH.

You can only buy tokens during the sales of the company if you spend at least 0,001 ETH. If you wait, you might be able to acquire the tokens on exchanges without having a fixed minimum purchase amount, but their price will probably be higher, so that does not sound like a great idea at all.

GEMA Tokens And Emeralds:
One of the most important factors that will hold the GEMA tokens’ price is that, every year, there will be a short window in which you can redeem your tokens for emeralds of the company. If you have enough tokens, you can select them and trade them for Colombians emeralds by using smart contracts. The emeralds will be delivered at your home or then you can go them in Hong Kong if you want to.

You can see information about the emeralds on Gemera’s online marketplace. The value of the emeralds will be determined by specialists who consider color, clarity, weight and the shape of the stone to determine how much the emerald is worth.

The company has measures that you can take in case the emeralds are ever stolen and ways that you can use to know that they are really stored in where the company says that they are.