| What are the BAPS (Brand Advantage Packs) all about?
I've been meaning to touch base on GS Partners for a good few days now but even though I do my best to keep on top of everything there just aren't enough hours in the day to do everything I want as quickly as I want so, let me apologise for that.
You joined GS Partners and you need to know what you have joined and what you might want to do about it. Now this is, of course an ever-developing project. It is easy to forget that it is still only in pre-launch and hasn't yet got to public launch. The other immediate thing I need to say is I, like you, am simply following along and hoping that this proves to be a roaring success.
Now whilst the path to GS Partners has been littered to a degree with some controversy, I believe it is important to share with you what I think is good about the project and also what I don't like when I discover any downsides. The first thing I need to do so that I can be objective is to stick with the facts I see and avoid, where possible, any speculation.
What I like based on my experience so far is the look of the G999 Main Net Blockchain. It seems very fast, very efficient and very capable. And I very much like what I have seen and heard so far of Alex Cocindau, the chief technical officer. Downsides? Well I haven't really seen one yet, but it is early days.
Right now, the emphasis within GSPartners is very much on the Brand Advantage Pack (what I am calling BAPS from hereon in) and a lot of people are taking them up.
The question is, why? What's so good about the GS Partners BAP and why might you want one?
Anyone can simply stay on board as a free member of GS Partners and this does, at least, keep you "in the loop" with what is going on. Free level membership is enough to allow you to introduce others and buy GSB products and services but that is about the sum of your membership benefits. It's hard of course to introduce others to something when you don't have any "skin" in the game as they say.
So the first thing I always do with anything business related is buy what they have to sell. To me that is a non-negotiable before I can even talk about it. Too many people out there just grab a referral link and point people towards it without a clue as to how good or bad the" product" is. But that isn't the way I do things.
It is always good to remember that businesses develop over time and this one is brand new by any measure. We can't, shouldn't, look back at anything that led to this point because this really is a different beast to what we were involved with before.
And, as I said, it hasn't even gone into public launch yet.
Some businesses at the public access stage grow rapidly and become exciting, others, well not so much. What this one will do remains to be seen but if I judge it on the quality and speed of their blockchain and the products being discussed it has great potential.
A good way for me to look at it is that upgrading your membership by buying a BAP is a bit like joining Amazon Prime versus just using Amazon as a standard member. Anyone can go to Amazon to look around and shop and so on, but Prime Membership gives you a whole lot more and is where the good stuff really comes in. A lot of what Prime membership is about is advantage. First to get deliveries, access to better prices and so on.
The BAP seems similar. It even includes the word advantage in its title and gives you access to a whole lot more GS Partners goodies. It's hard to totally judge a BAP because a lot of the advantage hasn't been launched yet and so is "future" based.
What does it have now and what is coming soon? Well, along with access to all parts of the back office dashboard, you automatically get 3 Priority Support Tickets. This means if you do introduce a friend or colleague into GS Partners and they get a problem then you can get priority support assistant. A free member must join the queue like everyone else.
It gives priority access to upcoming GS Partners products and there is no doubt about it, they have already demonstrated that they are happy to reward fast movers with advantageous terms so early access to products may well come with, for example, discounted prices and so on. Along with that, you would have access to special promotions.
You get access when you have purchased a BAP, to the Blockchain Academy. There are already 3 parts available and more are to be continually released over time. I have watched the 3 now a few times and the quality and user-friendly nature of this Academy is worthy of note. I think the series, as it grows, will be invaluable to those who have access to it, especially if they are new to blockchain. In fact, I would say it is worth buying a BAP for the Academy alone, it is that good.
They are introducing GS Basics Blockchain accounts. Early (and maybe even special terms) access to these is also part of what is in a BAP. This is effectively easy access, pooled staking. So, if you want to earn more G999 coins without having to find 250,000 G999 coins to put into staking or 750,000 to put into a node, then the savings plan might be a good solution.
A good way to think about forms of staking and noding is this. If the price of a coin is moving upwards, you are getting a pay rise. If it is moving downwards, you are getting topped up and thus getting a reduced impact from the drop.
And don't try to think of any of this this in terms of what the coin is apparently worth in the market right now. The business hasn't even got going yet and neither has (if you are familiar with it) the price maker strategy that is going on. I have in the past gone on somewhat about the price of a coin on being relevant when you sell and that basic but sound policy has always served me well. I could show you quite a few cryptos now that have come good for me because I waited for the right time.
The BAP comes with an airdrop of 2,499 extra coins and another 999 coins as a blockchain credit so, another 3,498 coins in total. You might say that right now that isn't a big deal, but a free member will not get any extras and if the coming efforts to increase coin value pay off even a little then those extra coins will only improve your position.
By how much could G999 grow? Who knows. I've been involved in crypto for longer than 99% of everyone I meet and speak to (actually, like you I'm not meeting anyone at the moment of course) and I can do no more than guess at a coins potential. The controlling factors that will make G999 grow are:
1) Is it going to be as deflationary as Alex C is saying it will? If it is that will help big time. 2) Will the price maker strategy that the big volume holders are driving work? That one is out of our hands but I have seen poorer strategies win over. 3) Will the products and services create demand? Well, I will be amazed if the lifestyle card doesn't create mass interest but, again, only time will tell.
Probably the most exciting product due from GSB (due 1st February) is access to the new lifestyle card. Crypto holders out there are mad about crypto cards. One that allows funding in crypto and fiat and allows exchange internally between them along with the ability to spend those crypto and fiat assets is likely to be popular.
There is also, I understand, a concierge service coming with the higher level cards. That is a service where you literally call the concierge and he will arrange to buy that accomodation, car, holiday etc on your behalf. A service that the extremely wealthy have enjoyed for years. I have enjoyed some very good concierge services myself over the years. Not quite at the millionaire level but a taste let us say.
So having a few millionaires and seriously wealthy people dotted around the world helping to burn G999 coins using the lifestyle card and concierge service can't hurt.
Access to the early level lifestyle cards will be given to BAP buyers as another benefit. BAP buyers will also have first dibs on the Brand Advantage - Premier level when it comes out. I confess I don't know much about that yet, but it might be good.
Now I looked at that list and figured for $149 worth of Bitcoin or Ethereum it was probably worth having. What you do is entirely your choice but I guess I have always liked the idea of being a paid member of a club rather than a spectator.
But here's the really special thing about GS Partners. When anyone in your orbit (downline, direct or indirect sponsorship or referral levels) buys a product or service from GS Banking you get paid instantly. So if Susan introduces Michael to the GS Partners business and Michael buys a product or service that generates a commission payment, Susan gets paid instantly and can draw out the bitcoin or ethereum that she just got paid seconds after she got paid.
What's the biggest risk normally in recommending something to someone in exchange for financial rewards? Not getting paid. Well, there is no risk of that here.
Should I also mention that bitcoin has grown by a staggering $23,000 in one month? And Ethereum by $700. No, probably shouldn't mention that. So $100 of both bitcoin and ethereum earned in GS Partners on 8th December 2020 are actually now worth over $200.
Look, that isn't to say this can or will continue I just wanted to let you think on the possibilities. Getting paid in bitcoin and ethereum to me is as good as it gets.
Only time will tell if the GS Bank group will live up to its potential or not but I think that in this environment of doom and gloom with people looking for opportunities to get into businesses with potential then this might just be one to get serious with.
If you need to know where to go to buy bitcoin and ethereum it's easy enough to start with either Binance or Coinbase.
I hope you found that useful.
John | 
