GES ICO

Galaxy eSolutions Limited is a Global eCommerce for refurbished and pre-owned smartphones and other consumer electronics, with marketplaces to buy and trade-in goods.

Galaxy eSolutions Limited

is a global eCommerce ecosystem with fast growth and real traction, reaching near 20M USD sales within its first year of operation.

Its vision is to fully integrate blockchain and evolve into a hybrid ecosystem with marketplace platform, so as to resolve the several pain points in the multi-billion preowned and refurbished electronics industry.

VISION AND MISSION

o Its vision of Galaxy eSolutions is integrating blocking and evolving into a hybrid ecosystem with a market platform, so as to solve some pain points in the preowned and refurbished multi-billion electronics industry.

o The mission of Galaxy eSolutions is to continue the environment

sustainability by utilizing decentralization, pre-owned and an updated ecommerce ecosystem designed for promote a shared and circular economy

PROBLEM AND SOLUTION

The Problem

Phone Versions Unclear/Products Not as Described
In most phone trading websites, only the phone models are listed. Therefore, the exact versions of the phones are not shown clearly. Phone version information is required so that buyers know that they are buying the right phones for the right markets. For example, a local shop trader in
Australia might not be able to sell iPhones which are of USA versions, due to factors such different network bandwidth, causing the phone to not work with local network frequencies. Different phone versions could cause consumer dissatisfaction as well: for example, phones in Japan are required to have an alert sound when taking pictures.
Potential Frauds/Scams
In many cases, phones are almost as good as cash, since it is highly tradable and of relative high value. Hence, the phone industry often is littered with scammers. The typical scams include failing to deliver goods after being paid, selling stolen goods on purpose and selling goods of questionable quality. There are also suppliers who mix some bad products with good products just to increase their margins. Clearly, the industry lacks trust.
High Cross-Border Transaction Costs
We all know that transacting for international payments is expensive and often incurs exchange losses. In some cases, payments have to go thru intermediary banks, often taking days for one transaction to complete. Add to this concern stricter AML (Anti-Money-Laundering) measures,
and we see even higher cross-border transaction costs.
Product Movement Verification
When deals are done, what is required next is the movement of the goods. There are many cases of goods not being delivered on time, or that the tracking numbers need to be chased. There are also cases of goods delivered to wrong addresses, held at customs or even being provided fake tracking numbers

The Solution

Building Trust in a Trustless Environment
One solution to ensure the right products in the right markets is to obtain the phone IMEI (International Mobile Equipment Identity) from the sellers, of which every phone has one (or two, if it is a dual SIM version). This unique IMEI number of every phone will reveal information such as the model number, the region and hence the version and the related network bandwidth.
Eliminating the Risk of Frauds and Scams
Since providing the IMEI numbers would mean that the supplier is likely to have the goods with them. The IMEI numbers can also be used to ensure that the goods are not stolen goods. As such, putting such critical information on blockchain would certainly help to stop scams as well as improving trading experience. An API with IMEI database companies could facilitate the checks even faster which is in the plan
Reducing Transaction Costs and Time
Cross-border transaction fees will be greatly reduced by choosing to transact using cryptocurrencies such as BTC, ETH or even using GES tokens. Time will also be saved and transactions could happen within hours, rather than days.
Both of these are extremely important in the phone trading industry since it is a low margin, high turnover business where quick turnaround is always critical in business performance.
Tracking Product Movement and Refurbishment Details
Information such as when items have been refurbished, who did the refurbishment, current status of warranty period, courier used, dates dispatched, tracking numbers, shipment weight, and many other logistics records can be put on the blockchain, improving trading experience, combating fraud, and preventing shipment inconsistencies.

ROADMAP

2016 DecemberFirst NDBD Country site launched.
2017 JanuaryReached 50 orders per day.
2017 MarchFirst YABphone site launched. Launch of Android-Reborn site. Reached 100 orders per day. Reached 1M USD monthly sales. 10 Country Markets.
2017 MayReached 1.5M USD monthly sales. 20 Country markets.
2017 SeptemberReached monthly operational break-even point. CNS obtained major share and management control and rights of Chinese Government authorised refurbishment factory (‘Furunzi’) ERP integration with Factory.
2017 OctoberReached 2M USD monthly sales. Obtained Exclusive Supply Agreement from CNS and Furunzi. Reached investment agreement with CNS. Launched Employee Shares Scheme successfully.
2017 NovemberLaunch ICO Presale. Prototype site MobileFreak built.
Partnership formed with

2017 DecemberFully tailored production plan in place for GES. Launch ICO Official/Public.
Partnership formed with

2018 JanuaryStart selling refurbished Samsung phones.
Partnership formed with

Samsung phones introduced.
2018 MarchMobileFreak phase 1 launches.
2018 AprilListing on major exchanges, i.e.: HitBTC, Kucoin, Coss, Cryptopia and/or Yobi

2018 MayFinalised agreement with a major global brand to distribute their refurbished line.
2018 JuneStart building Marketplace.
Mobilefreak.com First Stage C2B live.
2018 SeptemberMobileFreak phase 2 launches.
2018 OctoberMarketplace soft launches.
2019 JuneMobilefreak.com 2nd Stage B2B live.
Token Price: 1ETH = 10,000 GES Tokens.
Min. 0.1 ETH.

Maximum Supply: 300M with unsold tokens burned.

Market Buyback: 20% quarterly profit used on quarterly buyback with 50% burned.

Token Value Protection: GES to buy back in stages as long as market price falls below listed price.

Token Usage: Tokens can be used in ecosystem for services and products (5% of purchases will be credited monthly in GES token).

Fund Raise: Monthly operational breakeven reached. More funds equate to greater development and faster growth.

Token Boosts (20% minimum for ALL in view of recent ETH surge, a goodwill from GES):
●20% 0.1 to 49ETH
●25% 50 to 99ETH
●30% 100 to 249ETH
●35% 250 to 499ETH
●40% 500 to 999ETH
●45% 1000 to 2499ETH
●50% 2500ETH and above

* This ICO is Not for US citizens or residents / Hong Kong citizens or residents.

FOR ANY INFORMATION

Author: competentgirl
My Profile : https://bitcointalk.org/index.php?action=profile;u=989135
ETH : 0x3a23840a25b6D99431B4944AE4dE02DBfa3e36Aa

Юличка

среда, 28 марта 2018 г.