Gemtrch.com Review: Is GEMT Legit or Not? (Find Out)

GonaEarn Management Technologies Ltd, commonly known as GEMT, claims to be an international service organisation focused on supporting and modernising the global livestock and cattle industry. 

According to its profile, GEMT was founded in Canada in 2023 and expanded its operational reach into Africa by establishing a dedicated office in Nigeria that same year.

Operating digitally through the web address gemtrch.com, the platform claims to build an integrated supply chain network connecting livestock producers, meat processors, retailers, and agricultural enterprises. 

GEMT emphasises four objectives centred around local employment, economic expansion, industry collaboration, and sustainable farming practices. 

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Account Setup and Registration

Setting up an account requires a valid mobile number; users must set and confirm a login password, solve a visual CAPTCHA verification code, and enter a required invitation code. 

Additionally, applicants are required to agree to the platform’s Privacy Policy and Terms of Service prior to completing account setup.

Cashing Out Opportunities On The Platform

Cashing out on this platform revolves around completing daily task orders linked to specific employee tiers. New members can test platform operations through an M0 “Trainee Employee” position. 

The M0 tier remains active for 3 days and allows users to complete 4 daily orders at ₦150 per order, generating a daily yield of ₦600 and a total trial earnings of ₦1,800.

To participate beyond the trial level, members are expected to enrol in one of nine full-time employee ranks designated from M1 to M9. Activating any full-time position requires paying a “position security deposit” upfront. 

According to platform rules, this security deposit is fully refundable after 500 days, while the overall employment agreement spans two years from activation.

M1 Position: Requires an ₦18,000 security deposit to complete 4 orders daily at ₦150 per order, producing ₦600 in daily income, ₦18,000 over 30 days, and ₦300,000 over 500 days.

M2 Position: Requires a ₦51,000 deposit for 10 orders per day at ₦170 per order, yielding ₦1,700 daily, ₦51,000 over 30 days, and ₦850,000 over 500 days.

M3 Position: Requires a ₦162,000 deposit to process 20 daily orders at ₦270 per order, generating ₦5,400 daily, ₦162,000 over 30 days, and ₦2,700,000 over 500 days.

M4 Position: Requires a ₦436,800 deposit for 40 daily orders at ₦390 per order, delivering ₦15,600 daily, ₦468,000 over 30 days, and ₦7,800,000 over 500 days.

M5 Position: Requires an ₦891,800 deposit to complete 65 daily orders at ₦490 per order, returning ₦31,850 daily, ₦955,500 over 30 days, and ₦15,925,000 over 500 days.

M6 Position: Requires a ₦1,690,000 deposit for 100 daily orders at ₦650 per order, yielding ₦65,000 daily, ₦1,950,000 over 30 days, and ₦32,500,000 over 500 days.

M7 Position: Requires a ₦3,705,000 deposit for 150 daily orders at ₦950 per order, producing ₦142,500 daily, ₦4,275,000 over 30 days, and ₦71,250,000 over 500 days.

M8 Position: Requires a ₦7,080,000 deposit to execute 250 daily orders at ₦1,180 per order, generating ₦295,000 daily, ₦8,850,000 over 30 days, and ₦147,500,000 over 500 days.

M9 Position: Requires a ₦12,672,000 deposit for 400 daily orders at ₦1,320 per order, returning ₦528,000 daily, ₦15,840,000 over 30 days, and ₦264,000,000 over 500 days.

Team Commissions

Beyond individual daily order completions, GEMT adds a three-level referral structure for recruitment and team activity. When invited members register and activate a full-time position deposit, the one who invites earns a direct referral bonus. 

Direct Level 1 referrals generate a 10% bonus, Level 2 referrals yield 3%, and Level 3 referrals provide 1%. 

As an example, if a Level 1 referral registers for an M3 tier with a ₦162,000 deposit, the individual who invites receives a ₦16,200 payout. Equivalent Level 2 and Level 3 M3 activations provide ₦4,860 and ₦1,620, respectively. 

However, referral rules say that if a member who invites someone holds a lower position rank than their referral, referral bonuses are calculated according to the bonus rate of the upline member’s lower rank.

Recharge/Deposit Process on GEMT

Managing funds on the platform involves distinct procedures for deposits and cash withdrawals. To add funds, users select from payment channels labelled GEMT Payment-SP, GEMT Payment-OW, GEMT Payment-SH, and GEMT Payments-L, then enter the desired recharge amount.

Withdrawal Process

Before requesting a withdrawal, users must complete real-name authentication and register a local bank account. The bank connection interface asks for the full account holder name, bank institution name, and account number. Authorisation of all cash withdrawals requires entering a dedicated fund password.

Withdrawals come with several restrictions that users need to understand before requesting their money. Cash-out requests can only be submitted between 10:00 AM and 6:00 PM on weekdays, as withdrawals are not available on weekends. 

Members are also limited to one withdrawal request per day, with a minimum withdrawal amount of ₦1,800. Once a request is submitted, the money is expected to arrive within 3 minutes to 72 hours.

However, users should also consider the withdrawal charges. The platform deducts a 10% handling fee from every withdrawal, along with an additional ₦100 flat charge. For example, withdrawing ₦1,800 attracts a ₦180 handling fee and a ₦100 flat charge, leaving the user with ₦1,520. 

These charges reduce the amount users actually receive, so it is important to consider them before making a withdrawal.

Is GEMT Legit?

No, GEMT does not appear to be a trustworthy site for investment. It claims to be a Canadian agricultural company linked to the Canadian Cattle Association (CCA). 

However, these claims have not been properly verified, and there is no clear proof that its business can support the money it promises to pay members.

Another concern is that GEMT encourages members to invite others and earn commissions from their deposits. It also charges a 10% withdrawal fee plus ₦100 and limits when members can withdraw their money. 

These conditions raise serious concerns about the platform. It is safer to avoid investing in GEMT because you could lose your money.

Conclusion 

GEMT allows members to earn money by completing daily tasks, but it also requires them to pay large amounts of money before they can start earning. 

The platform claims to be connected to Canadian companies and the livestock business, but these claims have not been properly verified. Its high deposit requirements, withdrawal rules, and extra charges are also causes for concern.

Overall, GEMT seems to be a high-risk platform, and it is important to be careful with the kind of money you put into it.

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