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1. Project Introduction
Gemie is an Asian entertainment-focused metaverse platform and NFT marketplace built around fan culture. It aims to create a virtual universe where celebrities and fans can connect and interact. In Gemie, celebrities will custom their own virtual planets and interact with fans through online events and activities, and also reward their fans by launching their NFT collections. Fans can attend virtual events, collect NFTs of their favorite celebrities, create NFTs to decorate rooms and avatars (or sell to others), and create fans planets.
1.1. The Gemie Metaverse and How Does It Function
The Gemie Metaverse consists of the Gemie Planet and many celebrity galaxies around it.
1. Gemie Planet:
Surrounded by many celebrity galaxies, the Gemie Planet is the center and the biggest planet of the Gemie Metaverse. It serves as the entry point for the metaverse and contains all key Gemie features, including Gemie Room, Town Square, Concert Hall, Theater, Gallery, Store & Marketplace, Arcade, Gemie DAO and Partnership Experiences. Users can live, shop for celebrity-themed NFTs, go on adventures, and attend big-scale events on this planet. The Gemie Planet is mostly developed by the Gemie Team, and will be launched first.
2. Celebrity Galaxies
Each Galaxy is dedicated to an individual celebrity and consists of celebrity planet and fan planets. In a Galaxy, the celebrity resides on the celebrity planet in the center, and it is surrounded by fan planets. The Galaxy planets will be where celebrities interact will fans and host virtual events.
3. How Does It Function
1) Firstly, fan clubs that meet the minimum requirement of member size can submit requests to start fan planets in the metaverse.
2) Once the requests have been approved, the fan planets will be activated and fan club members can start building the planets and also organize virtual fan activities. The development of the planet will be decided by the fan club members together.
3) When the fan planets reach a certain level of engagement and size, Gemie will invite the celebrities to create their official celebrity planets.
1.2 The Current Stage of the Project
Gemie is currently at pre-launch stage and is designing and building the modules within the Gemie metaverse. 1) The Gemie Demo room is available for trial play; 2) Gemie has finished designing the Concert Hall and it’s under construction. Town Hall is currently under design phase.
1.3. Roadmap
Stage 1 — Internal Demo:Testnet for internal review, Release of demo video to community, Announcement of celebrity collaborations, Discord server launch, Gemie room development, Town Square development.
Stage 2 — Gemie Planet Early Access Launch: Avatar, room, town square, store&marketplace, point redemption system.
Stage 3 — Official Celebrity Planets & NFTs: Launch official celebrity planets, Celebrity NFT sale, Extensive PR exposure.
Stage 4 — UGC Fan Planets&NFTs: Fan planet opens for application, user-generated NFTs, user-generated experiences.
Stage 5 — Complete Metaverse Experience: Mass celebrity participation, virtual celebrity participation, launch branded experiences, launch Gemie DAO, develop mobile version
2. Token Economy
2.1 Token Information and Distribution
Token Symbol: GEMIE
Token Type: ERC-20
Total Supply:1,000,000,000
Initial Circulating Supply: 5,000,000
The token distribution is as follows:
Seed: 7.5%, 6 months cliff, quarterly vesting for 18 months
Strategic-1: 7.33%, 6 months cliff, quarterly vesting for 18 months
Strategic-2: 0.56%, 3 months cliff, quarterly vesting for 18 months
Public: 0.1%, no lock-up
Team & Advisor: 20%, 6 months lock-up, monthly vesting for 2 years
Liquidity: 10%, 2% upon listing, monthly unlock for 3 years
Partnership: 16%, 0% upon listing, monthly unlock for 3 years
Marketing: 16%, 1.25% upon listing, monthly unlock for 3 years
Ecosystem: 15%, 0% upon listing, monthly unlock for 3 years
Reserve: 7.5%
2.2 Token Utility
GEMIE is a functional token and can be used as follows: Purchase Gemie NFTs, Access Passes to Gemie Planet, Voting Rights, Exclusive Events, VIP Access Passes, Meet and Greet events, Premiere Tickets, Decision-making, Interaction with Celebrities.
3. Team and Partners
3.1 Core Team
John Fung: Co-founder of Gemie,previously Founder of Rockstar Entertainment, Director of CryptoHR. CryptoHR is a recruitment company that accepts BITCOIN as a form of payment.
Sunny So: Co-founder of Gemie, previously CEO of WHIZOO Limited, Director of KOOCELL Limited. KOOCELL is a company developing mobile applications and mobile games.
3.2 Investors
In February 2022, Gemie closed its latest $3.8 million fundraising round by the following investors and partners:
3.3 Partners
Klick Entertainment: a traditional entertainment company entering the metaverse space. In Gemie’s operation, the company will provide artist management service and secures contract deals with South Korean celebrities or artists.
References:
About Huobi Research Institute
Huobi Blockchain Application Research Institute (referred to as “Huobi Research Institute”) was established in April 2016. Since March 2018, it has been committed to comprehensively expanding the research and exploration of various fields of blockchain. As the research object, the research goal is to accelerate the research and development of blockchain technology, promote the application of blockchain industry, and promote the ecological optimization of the blockchain industry. The main research content includes industry trends, technology paths, application innovations in the blockchain field, Model exploration, etc. Based on the principles of public welfare, rigor and innovation, Huobi Research Institute will carry out extensive and in-depth cooperation with governments, enterprises, universities and other institutions through various forms to build a research platform covering the complete industrial chain of the blockchain. Industry professionals provide a solid theoretical basis and trend judgments to promote the healthy and sustainable development of the entire blockchain industry.
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