CoinMarketCap – Why Is It Important For Glitzkoin And GTN

Glitzkoin has lately been highlighting, the re-tracking of the Glitzkoin GTN crypto on CoinMarketCap. The leading crypto tracking portal is the most, popular and reliable source for crypto investors. The process of re-tracking the GTN token has begun. This is expected to be completed in phases and be, fully operational in the second quarter of 2021. 

Notice that we mentioned ‘re-tracking’ of the Glitzkoin GTN token on CoinMarketCap. This because the portal, had been tracking GTN shortly after it started trading in 2018. It was during the 2020 pandemic that, CoinMarketCap had to pause the GTN tracking operation. This happened because DobiTrade, the exchange that handled a major chunk of GTN trade, was ordered to shut by the Chinese authorities.  CoinMarketCap requested for additional exchange listings, this to compensate for the closure of DobiTrade. 

Fully understanding that the closure of DobiTrade, was no fault of Glitzkoin – CoinMarketCap was right in enforcing its policies. Business closures and travel restrictions, were rampant during the pandemic. This made it impossible to evaluate and negotiate with additional exchanges. It was in early 2021 when the world game to grips with the health crisis that, Glitzkoin finalized a deal with well know exchange – LaToken. Negotiations with other exchanges are now at an advanced stage. The year 2021 will see the GTN token listed on a few more exchanges. The idea is to have the token trading, on the more advanced and popular crypto exchanges.

3 Reasons Why CoinMarketCap Is Important For Glitzkoin

Unbiased Reliable Reporting: CoinMarket is widely acclaimed as a reliable portal, for tracking cryptocurrency performance. Both casual and seasoned crypto traders, rely on information provided by the portal. Hundreds of other crypto portals, draw data from CoinMarketCap and present it on their own portal. 

Binance Acquires CoinMarketCap: The portal is now run by a team that reports to Binance, which happens to be the leading crypto exchange. This has resulted in an upgrade of algorithms and reporting is far more accurate and unbiased. With Glitzkoin looking to list the GTN token on Binance in the near future, being tracked on CoinMarketCap is likely to prove beneficial for the token. 

Listing On Other Exchanges: Most reputed crypto exchanges, expect currently trading tokens to be listed on both CoinMarketCap and CoinGecko. CoinMarketCap is expected to complete, the GTN re-tracking process in the second half of 2021. Final communications with CoinGecko are at an advanced stage, the re-tracking process on this portal is expected to be initiated soon. 

So the next time you hear us talk about, the Glitzkoin GTN token being re-tracked on CoinMarketCap rest assured that, the completion would have a positive impact on the GTN token.  

GLITZKOIN: A quick recap of the Glitzkoin project and the GTN crypto token.  The project was launched to improve the demand for natural diamonds and to enhance, the efficiency and productivity of the multibillion dollar industry. 

The DiaEx diamond trading platform was developed using Stellar blockchain resources. The GTN token was launched as part of the project and is designated, as the mode of payment on DiaEx. Promoted by second generation diamond veteran Navneet Goenka, Glitzkoin assigned a multifaceted role to the GTN token.  

The trading platform was completed in 2019 and was put through rigorous testing in early 2020. A team of diamond dealers subsequently did a pilot run on DiaEx with, actual transactions made on the platform.  This process was largely successful and revealed a few areas for improvement. The Glitzkoin tech team was handling the minor adjustment when, the pandemic and subsequent lockdowns slowed down the process. The management will reschedule the full launch of DiaEx once the health crisis eases. 

Talking about the multifaceted nature of the GTN token, the project is also focused on further increasing usage for the crypto – this aside from crypto exchange trade and the payment usage on the DiaEx platform. The concept is to have operators of various businesses, accept the GTN token as a mode of payment in their operations. Moving this idea forward Glitzkoin has confirmed a partnership with online ticketing giant Myticket.asia, wherein clients of the ticketing portal could use the GTN token as a mode of payment. Technical requirements for the integration of systems on both sides is at an advanced stage, nearing completion. Reviewing the challenges that the entertainment industry has been going through during the COVID pandemic, both managements have decided to set a launch schedule when the situation starts to normalize. The arrangement setup between Glitzkoin and Myticket.asia will form the blueprint, for similar deals to be negotiated with other business operators.

                                                                                     

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