GemBlock FAQ English
Q. Are my investment assets invested in GemBlock operated safely?
Since the value of a coin is determined by supply and demand, there is no cost.
However, GemBlock’s GEM Token can be exchanged by platform users by purchasing diamonds and colored gemstones for 40% of GemBlock Foundation, and the value of gems is guaranteed by backed up them.
In addition, Gemblock secured a stake in diamond mines to build trust with buyers.
Gemstones owned by GemBlock are verified and stored with diamond custodians.
Through the homepage, you can transparently check the status of verified gems and how many assets you have.
Since all are stored in the distributed ledger, forgery or alteration by hacking is impossible. If there is a problem with the operation of the GemBlock service, the customer’s GEM share will be divided into the sale of gems and gemstones by the GemBlock Foundation.
*However, the GEM price is formed by the supply and demand of the beneficiaries of the investment and does not guarantee the principal and the rate of return.
Q. When do I get dividends?
As GemBlock’s Staking Service is released, a portion of GemBlock’s profits are received daily dividends from the next day. The received token can be exchanged for Ethereum or Ripple.
* Gemblock’s Staking starts in May
Q. What are the fees and taxes incurred by GemBlock?
There are two types of fees incurred by GemBlock.
1) Trading fee: 0.2% of the transaction amount when buying and selling GEM (excluding VAT)
2) Income-related tax: 15.4% of the amount of income (trade profit and dividend) (14% income tax and 10% local tax of income tax)
Q. What is the expected rate of return?
The cost of a regular gemstone distribution is 40–60%.
In addition to wholesale sales, the more direct transactions with Gemblock users increase, the higher the operating profit.
Up to 35% of GemBlock’s operating profit is returned to users who provided liquidity.
The rate of return is added according to the increase in sales, and it is predicted at least 100% per year according to the Staking Plan other than the increase in coin value.
*Note
Tiffany Korea’s 2020 sales were 281.39 billion won, and 2020 operating profit It was reported as about 7% of revenue at 19.67 billion won.
*The above information does not guarantee future returns, and the details are subject to change depending on the policy.
Q. What is the business vision of GemBlock?
We are planning a jewelry rental business by expanding the GemBlock ecosystem, and we are preparing to purchase ownership of raw material mines with tokens.
Brazil is rich in raw materials, including the number 1 graphene reserves, called future oil, niobium 98% of the world reserves and nickel 17% of the world reserves. In the future, the time will come when individuals can purchase ownership of these Brazilian mines with tokens, and preparations are being made thoroughly for this. Lastly, unlike bitcoin mining, which has recently been raised as a major culprit of environmental pollution, I think that gem blocks that are actually mined from mines, raw materials and coins linked together will be a substitute for the future.
Q. To understand the gem and commodity markets, it seems that you will need to know about mines. Are you experienced?
Brazil’s mines are not only rich in raw materials that do not exist in Korea, but are also considered one of the world’s leading diamond producers. In particular, it is also the third largest country in the world (USGS standards, 17% stores worldwide) of nickel, which has recently increased in value due to electric vehicles. After immigrating to Brazil when I was a teenager, I experienced various projects for 20 years and experienced the blessed Brazilian resources more vividly than anyone else. In addition, I can confidently say that I am an expert who knows the local situation well as I have lived there for a long time. Currently, it has licensed 6,000 hectares of diamond mines, and is moving toward the global market through partnerships with miners, mainly in Brazil, a world-class mining country.
Q. How to buy Gem Tokens?
It can be purchased through the GemBlock homepage.
<Preparation before investment>
1. Homepage membership registration
2. Enter personal information
3. Deposit with Bitcoin or Ethereum
Gemcoin plans to sell in two ways before listing.
1.Private Sale 0.7usd
2.Public Sale 0.8 usd
*The listing price is USD1, and after listing, GEM’s market price fluctuates according to market conditions.
Q. Where does the GemBlock revenue source come from?
Increase added value through distribution and processing.
The second is to directly invest in the mine to produce gemstones.
Other jewelry rental services and financial services (Defi) are available.
Q. What are some ways to get it through Gemblock?
There are 4 ways to earn ROI (return of investment) through GemBlock.
1.GEM owners provide liquidity through staking and receive operating profits and mining profits from GemBlock on a regular, daily basis like dividends.
2. When disposing of GEM, you can get market gains according to value fluctuations.
(If the value of the GemBlock company increases, it is reflected in the price of GEM, so you can get a market profit when you sell GEM.)
3. GemBlock reduces advertising costs and reduces the cost, so that 5% of the tokens purchased by the person recommended by him or her will receive dividends for advertising with Ethereum ETH.
4. A lot of gemstones and jewelry products will be uploaded through GemBlock Shop.
Through Gem Token, users will enjoy a service that can be exchanged for real gems. It leads to company sales and creates a virtuous cycle of business.
Q. how much can I invest?
There is no per capita investment limit.
Q. What is an MOU signing?
For a competitive supply, Gemblock has signed a memorandum of understanding with Brazilian mines, a paradise of natural gemstones.
A memorandum of understanding (MOU) is a document that is prepared to confirm the understanding between administrative agencies or organizations prior to signing a formal contract, and is usually not legally binding.
Q. Can I sell real gemstone purchased through GemBlock?
In the future, the service will be provided through offline and online shops.
Q. Can anyone get all dividends?
Dividends are paid to investment users who are staking GEM Token.
Q. What is a Staking Service?
Staking is the act of fixing a certain amount of cryptocurrency as a stake. The staking service is a service similar to saving, and is a service that entrusts the user’s cryptocurrency to the operation of the blockchain network and receives a profit reward in return.
Q. What is DeFi?
DeFi is an abbreviation of Decentralized Finance, which aims to position the opposite of the existing financial system operated by accredited central institutions such as banks and government agencies.
To put it very far, the world DeFi aims for is a world where the traditional concept of banking has been eliminated.
People who need money go to the bank, undergo various screenings, and virtually unilaterally accept the interest rate offered by the bank, and each individual directly exchanges a kind of peer-to-peer (P2P) loan.
The reason DeFi is mentioned a lot is because the existing financial system presents a new alternative. Just as the toss can be transmitted more conveniently than the bank transmits, there are also apps that can serve as an alternative to the bank in the blockchain.
Q. Please tell me the criteria for receiving staking profits (dividends) and when to pay them.
60–150 days depending on your Staking Service Program selection.
Dividends can be withdrawn from the day after finished the staking period. However, the paid gem block income may fluctuate according to the monthly profit.
Q. Please tell me how to pay dividends
GEM Token can be exchanged for Ripple and Ether depending on the amount of dividends.
* The payment will be made to the member’s designated cryptocurrency GEM Token (GEM Wallet) wallet on the date of payment of the dividend.
Q. I want to buy GEM, is there a minimum unit?
The minimum purchase unit is 1GEM.
Q. How can I check the Gemblock Foundation holdings?
Through the homepage, users of GemBlock can check the products in their holdings.
Q. Is the execution method different from Stock Trading?
Yes, GemBlock is operated in the same multilateral trading method as the K-OTC OTC stock market operated by the Financial Investment Association. Multilateral counterparty trading is a transaction method that is executed within the range of the matching quantity when there is a matching quotation when multiple trading partners offer a price and quantity.
Q. What does GemBlock mean?
GEM stands for Gemstone, and Block stands for Block when it comes to Blockchain. Gemblock is a compound word of two words.
Q.Is GemBlock’s token Stable?
Stablecoin is not the name of a coin like Bitcoin or Ethereum, but a stablecoin means the type of coin, not the name.
It can be interpreted as the meaning stable. The reason is that it is a coin that maintains a stable value.
How can the value be kept stable? In general, many cryptocurrencies are not stable in value and may rise or fall by 20% per minute.
The reason that the value of the stable coin can be kept stable is because the coin company guarantees a certain amount.
If the stable coin A is 1 dollar, you can hand over A coin company A at any time and get paid as much as the value.
In the case of GEM Token (GEM), it can be said to be another form of stablecoin that can be exchanged for gemstone as much as its value.
Q. What if the coin company does not pay the guaranteed amount?
Of course, you might think that it could happen.
Even the most famous stablecoin, Tether, is often criticized by its inability to pay dollars.
However, in some cases, the company that issued the stablecoin issues coins under the supervision of the regulatory agency of the authorities, or in some cases, it is confirmed that it is confident to change coins through continuous audits from an accounting firm.
GemBlock also checks regularly through an accounting firm, and gemstone owned by the Gemblock Foundation can be exchanged at any time through the GemBlock Shop.
Q. Can I register as a member only on the website?
Yes, currently it is only possible through the homepage.
We plan to sequentially release 2 Apps besides the web.
The functions of the two apps are as follows.
1. You can use it for gemstones purchases, jewelry rentals, and auctions through the Gem Block Shop.
2. Gemblock Wallet-Staking and DeFi will be loaded as Naver.
Q. Are there any gemstones that can be invested in?
Currently, the main gemstones are ruby, sapphire, and emerald, which are the world’s top three gemstones other than diamonds, but since the gems you are looking for are different for each country, we will also add rare gemstones.
Currently, at the request of Japanese users, we plan to provide the Tourmaline Paraiba from Brazil to Japan.
Although not known in South Korea, it is more popular than diamonds in Japan, and its price also exceeds it.
Q.Can I rejoin immediately after withdrawal?
You can rejoin immediately after withdrawal.
However, after re-registration, previous subscription information and transaction details cannot be checked on the website.
Q.Are there any trading fees?
When trading GEM between members, a transaction fee of 0.2% (excluding VAT) will be charged.
Q. Are your security systems safely working?
Every effort is made to maintain the level of information protection. In addition, the best security experts in the industry are resident in order to provide services that users can use with confidence.
Seus sistemas de segurança estão funcionando?
Q. How is Gemblock Mining different from other companies’ coins?
GEM guarantees real gemstone from Coin.
We mine and distribute real 1,000 won stones through GEM Token.
Most of the coins of other companies are not linked to the real thing, and representatively, if you look at tether coins, they are linked with 1:1 dollars, but they do not meet the profits like GEM.
These systems are currently only available through GemBlock.
Q. How can I find cash?
There are representative exchanges in each country. Register as a member on large exchanges and after KYC verification, exchange Bitcoin or Ethereum for KRW, request withdrawal, and if it is as soon as 10 minutes, the deposit will be deposited into the Hanwha account you entered.
Q. How do you use and invest in the service?
Participants who want to participate in the Gemblock platform can participate by sending Bitcoin (BTC), Ethereum (ETH), and Gem token (GEM) to the cryptocurrency wallet address designated by the foundation.
In the case of staking services,
At this time, the price of Bitcoin, Ethereum, and Gemblockcoin (GEM) is’CoinMarketCap (https://www.coinmarketcap.com/) according to the criteria that the Gemblock team guides the timing of price determination on the official website, etc. )’It is converted to USD based on the price and is calculated and paid in tokens per USD determined by the stage of participation in the GemBloc platform.
When participating in this platform, the pricing of tokens (GES) paid in stages will be applied differently. In other words,
In case of private sale, USD 0.50 per 1GES,
In the case of pre-sale, it is divided into Usd 0.60 per 1GES and Public sale Usd 0.70.
Q.When will GemBlock be listed?
Currently, we are maintaining the coin verification report called Audit Report to receive AA.
It is expected that it will reach the exchange within three months sequentially.
Q. Enables you to work in Gemblock Governance.
Once registered on the exchange, you can trade with BTC/ETH/USD and buy and sell P2P before listing.
It will be used for participation in staking with GEM Tokens and for purchasing gems at the GemBlock Shop.
Q. Are coins common stocks?
No. Coins are not common stock in most cases. There are some campaigns that run an ICO called DAICO. Here you have the right to vote based on the number of coins, but this is a huge niche.
Coins are company payable assets, and you can control your company in terms of transaction value, which is up to the community buying the coins.
The largest coin holders are usually founders of companies that build ecosystems that make their assets tradable.
