GEMMA'S Vision

In order for blockchain technology to be applied more diversely in reality, it is necessary to overcome the limitations of existing blockchain technology and support dApp services more smoothly. GEMMA presents a vision to overcome the limitations and problems of blockchain technology so far with its own blockchain network that is not dependent on other networks.

Pursuing High Speed, High Security, Low Commission Fee

GEMMA's GPOS consensus algorithm simultaneously pursues high speed and security of 10,000 TPS or more. A high speed was implemented by allowing the minimum consensus node to be verified, and security was improved by implementing a method of randomly selecting consensus nodes. While providing high speed and security, it lowered entry barriers to GEMMA technology by pursuing lower transaction fees, minting fees, and reduced development opportunity costs.

Realization of WEB 3.0

Metadata management is essential to realize WEB 3.0. However, managing vast amounts of data in blockchain is not feasible with previous technologies. GEMMA realized metadata management in a hybrid manner of private and public blockchain. Existing private blockchain technology uses blockchain, but it was difficult to secure data reliability because it was a centralized method. The LEMMA Chain, GEMMA's private blockchain, simultaneously realized blockchain big data construction and reliability by storing metadata in a private blockchain and storing only the result value in a public blockchain with the Merkle root algorithm.

Transparency and Security of Information

One of the advantages and disadvantages of blockchain technology is that personal information is exposed to everyone because all information is transparently disclosed. This is why when implementing CBDC (Central Bank Digital Currency) or local currency as a blockchain, it cannot be built in a perfect blockchain environment and imperfect blockchain technology must be established. GEMMA has incorporated ZK-Snark technology which allows some information to be shown in the form of hash code on the public blockchain. This technology allows displaying transactions on the GEMMA Explorer without exposing personal information, making it possible to pursue both transparency of the blockchain and security of information.

NFT's Innovation

Along with the digital art and metaverse markets, NFT technology has been applied and used in various ways. GEMMA provides an NFT minting function and supports the issuance of GEM-721 and GEM-1155. GEMMA supports Ethereum's general NFT original functions while also supporting TAG Explorer specialized in NFT authentication. TAG Explorer allows anyone to easily issue NFT for blockchain authentication and apply it to products or services for verification. Decentralized NFT is also a unique feature of GEMMA. The decentralized NFT issued by Smart Contract can also be connected to DEFI so that the NFT is mined under various conditions. Another feature is that it can have its own value because metadata attributes can be assigned through the LEMMA Chain without digital content.

Pursuing Scalability

GEM-20, GEM-721, and GEM-1155 issued based on GEMMA can be transmitted and received over other networks including Ethereum, BSC, and Solana. Therefore, tokens or services that use different networks are compatible with existing networks even if GEMMA is used, so all useful environments of GEMMA can be used as they are while maintaining the existing network.

DAO( Decentralized Autonomous Organization )

To enable a self-sustainable and competitive decentralized exchange, the development team of GEMMA Network will use its native GEMMA token as a governance token. This singular act will unlock a new governance structure and officially give the GEMMA community a say over the day-to-day running and development of the project. More specifically, anyone holding GEMMA tokens could either vote or delegate votes on development proposals that could alter the operation or infrastructure of the GEMMA Protocol.

Until we launch our governance structure, the executives of GEMMA planet & development team will hold the sole responsibility of determining the development decisions of the GEMMA project. Later in future governance will be transferred to the community, such decisions are made by the entirety of the GEMMA community.

To this end, the team issued 500 million GEMMA tokens to be shared among core contributors of the platform, including the sales, ecosystem, staking rewards, foundation team, advisor, reward, bonus, R&D reserve.

More importantly, any GEMMA token holder can submit a proposal to alter or introduce new features and have them approved by other community members. There is a minimum voting requirement that would determine whether the proposal gets adopted or not.

Notably, GEMMA token holders can either vote themselves or delegate their votes to other users, who they believe would make decisions that would represent the best interest of the GEMMA ecosystem.

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