The Glitzkoin ICO generated tremendous interest in the crypto community. The idea of an industry based blockchain and one that, was promoted by an industry veteran, struck a positive note with seasoned crypto space investors. The entire project centered around the development of a blockchain based, diamond trading platform. This was something that the $90 billion dollar diamond industry, had dreamt of for quite some time. The ICO (Initial Currency Offering) got an overwhelming response and was successfully completed in June 2018, the closing token price was $0.20.
Despite the high level of participation in the Glitzkoin project during the ICO, there was a significant portion of interest that, did not translate into a GTN token purchase. It would not be wrong to presume that, a large portion of this group wished to review post ICO performance before, making a decision.
Buying Glitzkoin GTN tokens after the ICO does, have its share of advantages. Remember that an ICO signals the start of a project, it is only after the ICO completion that the execution of the project plan begins. Buying crypto tokens after the ICO, allows the buyer to review the progress of the plan. Let us look at this in context of the Glitzkoin project.
GTN Token Review:
While the Glitzkoin GTN token has drawn significant crypto world interest, the token has a far greater role to play in the entire project. The DiaEx Diamond Exchange is designed to use the GTN token as a mode of payment. This obviously means that, the demand for the Glitzkoin token would come from two reliable sources. Crypto world participants would find all the excitement on the crypto exchange and diamond traders, would buy the token to settle payments on the trading platform.
The GTN token had a price of $0.20 when the ICO closed in June 2018. Since the Glitzkoin project is based on the Stellar resource, the token was listed on Stellar exchanges in July 2018. Most cryptos launched during this period, experienced a drastic price drop – many of these lost as much as 50% to 80% of their ICO closing rates. The GTN token has put up an impressive show against this gloomy background. Continued support from the crypto world, has allowed the Glitzkoin token to maintain a healthy price range of $0.18 to $0.22. The GTN token can be reviewed and traded on the Stellarport Exchange.
Glitzkoin Project Status:
A post ICO token purchase would allow the buyer to review the status of the project, before making a decision. The Glitzkoin project is going through the development phase, here is a quick summary.
Sep 2018 saw the high utility Diamond Price Estimator (DPE) tool being released for general use. Using a batch of powerful algorithms this high utility tool, estimates the market price of a diamond with an estimated accuracy of +/- 15%. The DPE crunches demand and supply trends, from important diamond markets across the globe. The tool is available to everyone at no charge, users are not obliged to trade on the DiaEx Diamond Exchange. The diamond price estimator can be accessed from the main website at www.glitzkoin.com , click the PRICE ESTIMATOR link and you will be taken to the screen where, you enter the 4C parameters of a specific diamond.
Slated to reach the testing phase in Oct 2018, the DiaEx Diamond Exchange is the highlight of the Glitzkoin project. The platform would be configured to handle both, B2B and B2C transactions. Buyers and sellers of all sizes and located at any point on the globe, can trade on the exchange without passing through middlemen and brokers. The first set of diamonds totaling to $500 million, to be listed on the DiaEx diamond exchange, have already been processed and readied for listing.
Review the GTN Stelllarport Report to get an idea of how the Glitzkoin token is doing.