Casual crypto buyers might overlook the potential of the Glitzkoin GTN token. The trading price for most of the second half of 2018, has been in the $0.18 to $0.22 range. While this might sound like a rather lack luster price, it is important to view this in the context of the token ICO price. The Glitzkoin ICO was successfully completed in June 2018 at a price of $0.20.
The fact that the trading price for the GTN token, has lingered around the ICO price even as the project entered the development phase, shows that the crypto community has a positive mindset about the token and the project. The DiaEx diamond exchange to be launched in the last quarter of 2018, supports both B2B and B2C trading in the precious stone. What is more important for crypto participants is that, the GTN token will be the mode of payment on the platform. To put it very simply, demand for the token on the crypto exchanges, will come from crypto space participants and diamond traders.
While ICOs do provide an option for raising funds to develop and operate an innovative business idea, they have also encouraged projects with little or no substance. Glitzkoin stands apart as the project idea was born from within the $90 billion, diamond industry. CEO and second generation diamond veteran Navneet Goenka, looked at blockchain and cryptocurrency as tools to improve, efficiency and profitability in the glittering industry.
One of the biggest challenges of successfully developing and implementing an industry specific application, is the task of overcoming resistance and apprehension from industry stakeholders. With a diamond industry insider heading the Glitzkoin project, installation, training and implementation will never be a problem.
It is interesting to note that, the diamond trading community has always hoped to have payment options, that did not involve the banking system. Lengthy procedures and substantial banking fees, have always put a strain on trade in the precious stone. By using the GTN crypto token to settle payments on the DiaEx diamond trading platform, traders can handle payments faster and cheaper. The problems associated with multiple currencies and currency conversions, will also not be relevant.
You should now have a better idea of the potential of the GTN token, sit back and make your decision – no pressure selling here. Just by way of information, the performance of the GTN token can be reviewed on Stellarport, link provided below. Negotiations are on for listing the token on other exchanges but, rest assured that ICO funds will not be splurged in the process.