FAQ
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General

What is GSC Platform?

Genesis Supply Chain Platform is a company based in France. Our worldwide team of supply chain, IT and blockchain professionals is developing a supply chain solution to streamline processes for Supply Chain Industry while improving the customers safety. We provide a platform to all purchasing professionals to improve their businesses results in reducing the costs and time with an easy tool to implement in the blockchain technology. Each company will be able to manage and secure their own business by using the blockchain technology to fight against counterfeited parts in the supply chain.

What is the Goal of GSC Platfrom?

The goal of GSC Platform is to simplify the processes involved in managing the supply chain and improve safety with end to end parts tracking from manufacture to installation using the blockchain in some sensitive industries such as aviation or rail. GSC Platform will expand buyers and sellers reach through our global marketplace. By incorporating the blockchain we will be able to take advantage of the security and speed in transactions and to keep immutable records for the lifetime of parts. The UI of the platform is thinking to be the more user friendly is possible. We wish that our users are autonomous on our blockchain using our ERP 3.0 without needing our developers as a third party to create smart contracts and implement tracking documentation into the blockchain.

Who are the GSC Platform users?

Any company which is willing to improve their supply chain processes and to strengthen their relationship with their suppliers and customers with a plug and play tool. More specifically, all organizations in the transportation industry who control and monitor parts installed on planes, trains, boats or automotive and want to anticipate their supply and subcontracting as well as improve their clients’ safety in travels. Our current users are FlyDynamics, Aviator Solutions LLC, Guan Chuan or Forecast Electronics.

When will the platform be available?

According to our roadmap, the IT Platform is going to be released during the second quarter 2019 but it could be earlier as our beta version of the application will be ready for our early users before February 2019.
See our Roadmap

Lexicon

  • Blockchain : Blockchain is a technology that appeared in 2008, aiming to secure exchanges, data storage as well as transactions via algorithms.
  • Smart Contract : A Smart Contrat is a second generation blockchain. Smart Contract allows to digitalize a contract between two people or entities in order to make it automatic, auto-feasible and secure.
  • Token or cryptocurrency : Token or cryptocurrency is the right to use of blokchain. GSCP token will permit the use of GSC product (cf. section 1.5.1) The more token the user owns, the more he can use the platform, creating a Smart Contract with Smart Purchases or control a part’s compliance with Parts Traceability.
  • ERC20 compatible wallet : The GSCP token is an ERC20 (nature of the token). In order to store it, is necessary to create a compatible wallet. This wallet acts as a digital bank account for GSCP tokens. For more details, please visit the FAQ page (Frequently Asked Questions).
  • Soft Cap : Soft Cap is the minimal amount to be raised through token’s sale for the project to be viable for GSC Platform.
  • Hard Cap : Contrary to the Soft Cap, Hard Cap is the amount for which GSC Platform will be able to develop the entirety of the project the most effectively.
  • ERP : The Enterprise resource planning is the management of all the information and resources involved in a company's operations by means of an integrated computer system.
  • Purchase process : This is the protocol in any company followed by buyers in order to purchase in the best conditions. Time needed may vary (average 30 days) according to the purchase. (heavy purchase, investment, emergency, recurring purchase).
  • RFI : Request For Information or supplier’s discovery. This is the first step of purchasing process, allowing the buyer to discover new suppliers able to deliver his needs to meet his client’s requirements. It can be a long stage (2 to 3 weeks), very tedious and time consuming in the daily schedule of the buyer, as he needs to recover an important load of data regarding the suppliers.
  • RFQ : Request For Quotation. This is where the supplier gets selected by the company. Methodology and time are required for this stage. Offers assessment dashboard will allow the buyer to winnow to 2 or 3 of the best suppliers according to their RFQ’s. Executive committee will make the final decision.
  • Supplier performance follow-up : This is a critical step for a company. It is done after delivery of the product or after service is performed by the supplier. The buyer rates its suppliers in order to analyze in which area they become less efficient. This way, the buyer implements corrective actions to improve the business with the concerned supplier.

Token Sale

What is a Token Sale?

A tokensale is a partnership between a private project and members of the public who want to participate in the project and have a stake in its future functionality. Participants will contribute funds to “kickstart” the development of the project and, in turn, receive tokens that can be traded or redeemed for services in the future.

What is “know your customer” or KYC verification?

KYC verification is the process of a business identifying and verifying the identity of its users. This is important from an anti-money laundering perspective and GSC uses a third party to manage all KYC verification. *KYC verification is not required for airdrops.*

How much do GSCP tokens cost?

The cost of GSCP tokens depends on the phase in which they are purchased, private sale prices start at $0.025 and the final round sale price is $0.07 per token. Like most sales, GSCP incentives early investment and encourages participants to purchase early for the best price.

How do I participate in the sale?

The sale website is located at https://ico.gscplatform.io read the whitepaper to get started and then create an account on the ICO site. A guide for the sale is available here:

What is the timeline of the sale?

  • Private Sale: August 4th - August 31st. The minimum purchase is $1000 and there is no maximum. $0.025 per token with a 50% token bonus.
  • Presale: September 1 - September 23. Minimum purchase $1000. $0.03 per token with a 40% bonus.
  • Public Sale Stage 1: September 24 - November 23. Minimum purchase $100. $0.04 per token with a 15% bonus.
  • Public Sale Stage 2: November 24 - January 23. Minimum purchase $100. $0.05 per token with a 5% bonus.
  • Public Sale Final Stage: January 24 - February 27. Minimum purchase $100. $0.07 per token.

What is the token distribution structure?

Sixty percent (60%) of all tokens created will be sold in the token sale. Twenty percent (20%) go to the crew, fifteen percent (15%) goes into an escrow account, three percent (3%) is earmarked for the bounty program, and the final two percent (2%) goes to advisors.

How are will the funds raised in the sale be used?

The majority of funds from the token sale (70%) will be invested in IT & Development of the platform and blockchain. Twenty percent (20%) will be used for marketing and token growth, five percent (5%) will be used for legal, and the final five percent (5%) will be set aside as a security reserve.

What happens to unsold tokens?

All unsold tokens are “burned” and destroyed which increases the value of the remaining tokens. If the sale does not reach the softcap of $4m, funds will be refunded based on the schedule in the White Paper.

When will I receive GSCP tokens?

You receive tokens at the end of the sale. The sale ends February 27, 2019. These are ERC20 tokens that can be traded on top of the Ethereum platform.

How can the Token be used?

If you have participated in the sale or airdrop, you can hold your tokens for use when the blockchain is live or you can trade them on an exchange. When the blockchain is live, the tokens will enable users to lookup parts on the platform and retrieve important data relating to those parts.

How much are GSCP tokens worth after the sale?

No one knows what the value will be after the sale. Like any market the value will fluctuate according to supply and demand. Do NOT invest if you cannot accept the risk of financial loss that accompanies token sales like this one. See our SAFT documentation for more information.