Community Wallet (CW) created by: DutchCrypto5 & IndoCrypto5
Preface
GemFever was not created to be the future money machine for the owners & admins. GemFever was created by @DutchCrypto5 and @IndoCrypto5. Our main goal is to become owners where members trust us to ask purposeful questions about crypto so they could learn and make wise investments in the future. GemFever created her own community wallet so we can activate, motivate and celebrate together!
Goals:
The goal of the CW is to gain profit for the entire GemFever community. After an investor contributes a certain amount of Ethereum the investor is also allowed to withdraw their investment + profit in % at any time.
With the contributed Ethereum from the investors, we (all the investors) are going to invest in mid- and long term projects, the projects will be chosen through a poll that’s created by the community. GemFever asks for a 1% commission at the end of the CW cycle. GemFever uses that 1% commission for airdrops and giveaways and to further improvements for the community.
Main goal:
The main goal of the community wallet is to gain profit for the entire GemFever community.
This will grow the GemFever community and keeps the Telegram group alive. It’s pretty simple, if the community gets bigger, more profit will be generated through paid promos.
How does it work?
Every 5th day of the month there will be a cycle of the community wallet,
this means you can only invest once per month in the community wallet.
This community wallet is owned by the community and the community decides what will happen with the wallet and where it should be invested in. This will take place throughout polls. The great value of a community wallet is that more people are thinking about an investment. This will filter minor errors you may take while investing. So, less risk and more profit!
GemFever is not an ordinary group, we are extinguishing us from 90% of all the other “mainstream” crypto Telegram groups. GemFever is a group that accepts paid promos, but the only major difference is that the earnings will be sent to the community wallet instead to the owner/admins wallet. The owners won’t take advantage of paid promos.
That sound great right?
There are two ways to earn money with GemFever community wallet:
- Paid Promos
- Investments
Community Wallet Cycle Scheme (CWCS)
The starting date is always on the 5th of every month. The investment should take place one day later so the 6th. Because we can’t see in the future we don’t know when we hit our stoploss + take profit rule. After we hit either the stoploss or profit rule there will be a date scheduled to promote the projects/attendants for the new investment. See example below:
Cycle nr. 1
05–04–2021 1. Whitelist announcement.
05–04–2021 2. Whitelist CLOSED.
05–04–2021 3. Time to promote all the projects (attendants) with arguments
06–04–2021 4. First project will be chosen through a poll OPEN
06–04–2021 5. Poll CLOSED
06–04–2021 6. Decide Stoploss + take profit through a poll
06–04–2021 7. Stoploss + take profit poll CLOSED
06–04–2021 8. INVEST
04–05–2021 9. The investment + profit — 1% commission will be sent back to the investor
Formula
Stoploss + Takeprofit rule, we think that this rule is the best rule to gain profit. The wallet has a maximum of 10 ETH contributed by the investors at the beginning and an investor can’t invest more than 1ETH, so an investor can’t own more than 90% of the entire wallet. The CW is using this rule to foresee becoming potential whales.
The stop loss is established by the investors and the “takeprofit” is at 50 ETH of the maximum CW supply. Let me explain, after the CW reaches its maximum value of 50 ETH the profit will be divided in percentages and sent back to the investors. After this a new CW round will be created.
The complication with this is if people want to get out earlier. We will take note of people their percentage in the project and we will put this percentage into the amount of eth the wallet is worth and take that out of the wallet and give it back to person. This way they can still get it out. This will however have 5% commission over it so people will benefit for holding for the entire month. The commission will still be used for airdrops, giveaways and for further improvements on the project.
RULES:
- Investor can withdraw their investment at any time
- An investor can’t invest at anytime only when a new whitelist is announced (once a month) To prevent swing traders
- Max. 1 ETH per investor and a minimum of 0.1 ETH per investor.
- 1% commision of the revenue at the end of the cyclus, this will be used for future giveaways and airdrops to promote the community. The 1% will be sent to GemFever locked wallet.
- The Community Wallet has a maximum value of 50 ETH after investments.
- The Community Wallet has a maximum value of 10 ETH that’s contributed by the investors.
Website
The community wallet will also have a webpage where you can see “updated every single minute” the status of the wallet. Yes, you can see this on etherscan aswell but the webpage uses the IPA to make all the info centralized. Pros, it’s easier to see what’s going on.
Roadmap
The owners of GemFever are trying to be transparent as much as possible. Therefore we decided to make our roadmap publicly. You can see where we are in the process and what will happen in the future.
- December 2020 Announcement Community Wallet idea (Gemfever group)
- February 2021 Marketing strat with a lot of AMA’s and a referral contest
- March 2021 Trying to partner with other telegrams groups
- XXXX XXX Integration of an ERC20 GemFever token *still a concept*
FAQ:
Q.
Who is taking the most advantage of the community wallet CW?
A.
Very great question, the only one who takes the most advantage is you and the entire community throughout airdrops and investments. The investor is also allowed to withdraw their contribution at any time plus its additional profit.
Q.
What happens when the wallet reaches for an example 100 ETH in value?
A.
The wallet can’t reach 100 ETH in value but a maximum of 50 ETH. After the wallet reaches a value of 50 ETH the wallet will be equally divided in percentage and the additional amount of ETH will be sent to the desired investor.
Q.
Can you withdraw your investment when the wallet is used in a project investment?
A.
No, you can only withdraw your investment when the CW is idle.
Q.
What happens if GemFever gets a paidpromo?
A.
The earned money will be automatically deposited in the community wallet. So the investor can earn money without an investment. This is like an airdrop.
Q.
Who is going to invest with the wallet?
A.
Due the wallet is owned by the community, the community also decides where we are going to invest in. The eth of the wallet will be invested throughout a poll. All the investors should vote in order to invest.
Q.
What happens if we don’t hit our stop loss after a month?
A.
If we don’t hit our stop loss within a month we will simply go out of the project with the profit/loss we have at that moment in time to take emotions completely out of the equation.
Q.
What happens if we hit our stop loss earlier than a month?
A.
When we hit our stop loss earlier we will have another poll to decide which project to invest in next and we will basically repeat step 3 to 8.
